January 2019 Market Report

Taking a look at the statistics for January 2019, courtesy of the Cayman Islands Real Estate Brokers Association (CIREBA).

Residential listings still top the list in terms of how many active listings we’re seeing, followed closely by land listings. There are 765 residential listings with an average list price $1.3m. Average market time – 502 days.

The number of active listings on the market is at 1,475 valued at over $1.6 billion dollars. There were 43 sales and 121 new listings, 24 listings currently pending.

Mary Kosa shows off her beautiful crafted small home on Grand Cayman.

The average listing price for the 620 land listings is over $680,000. On average, they’re on the market for 842 days.

Let’s break down the Residential Listings.

TypeActiveAvg List PriceAvg Market Time
Single Family Home
293
$1.8m512
Condominium429$1.1m502