Cayman: Kiss Month End Market Report – May 2020 CIREBA Statistics
• 1487 properties for sale on CIREBA in all three Islands
• 199 listings are Pending which means they will close soon, the purchaser has waived or satisfied all their conditions to the contract and the escrow money is non-refundable
• 297 are Pending/Conditional, THAT Is an important number to watch!
• In the past 30 days, 67 new listings
• In the past 30 days, 17 properties sold and closed
• In the past 30 days, 12 properties have been reduced in price, 11 in April and 32 in March
• 177 current/existing condos for sale, plus another 261 are under/pre- construction (but of those 438 condos, 219 are Pending/conditional
• 186 current/existing homes for sale, plus 14 more are pre/under construction (but of those 200 homes, 33 are Pending/conditional
• 284 parcels of land are for sale in Grand Cayman and 39 are Pen/Con
• 35 parcels of land in Little Cayman plus 3 pen/con • 93 parcels of land in Cayman Brac, no pen/com
• 14 properties that are Multi-family 3 are pen/con
• 21 commercial buildings and 3 are pen/con
• ON SEVEN MILE BEACH: 76 existing condos for sale, 12 are Seafire and 20 are Margaritaville. There are 30 Under/preconstructions but 6 of them are pen/con or pending.
• OFF SEVEN MILE BEACH: 24 existing (9 are located in Britannia) 42 pre/under construction 32 are pen/con or pending.
• In West Bay: 13 existing condos for sale. The least expensive is a brand-new Portofino for CI$318,000. There are 119 pre/under construction 90 are pen/con or pending. West Bay to Camana Bay takes 15 minutes. Kiss the long morning commute Goodbye!
• In George Town to Prospect: 46 existing plus 5 that are pen/con. There are 62 pre/under construction and 26 are pen/con
• In Northward to Bodden Town: 1 condo for sale at Moon Bay and 5 preconstruction at Orchard Eco villas.
All Stats are analyzed on June 1 1 2020, by the writer Heidi Kiss, Broker of Engel & Vo¨lkers Cayman Islands. The Kiss Real Estate Market Report is not written on behalf of CIREBA.
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