coldwell banker market report - caymanislandsrealty.com · the single-family home market is up over...

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COLDWELL BANKER MARKET REPORT MID YEAR 2013 AND PROPERTY LISTINGS an honest appraisal of the cayman marketplace Review In our last report, we called for continued mediocre to poor economic results in Cayman unless the US economy improved and Cayman was able to get needed Capital Projects moving. General Outlook Cayman was unable to make any headway on any of the projects. The interim PNA Government, required by the vote of no-confidence in the UPD (after then Premier McKeeva Bush was charged with numerous counts of corruption), was simply a caretaker government. However, the stock market in the US made a strong move upward which, at least temporarily, increased spending. Right now dollar volume of Real Estate Sales is up 10.6% YTD over last year, and the recent trend seems to be strongly up. The dollar volume of pending sales is also trending higher at +27% YTD. That bodes well for a strong second half. Specific Market Sectors: The single-family home market is up over 30% YTD in dollar volume with the average sale topping US$1.0M. Sales of homes has been strong in the upper levels as this increase is in evidence even though the number of units sold was virtually the same. A recent notable listing is La Buena Vida which is a very unique West Indian/Mediterranean style estate perched high on the grassy hillside on 0.88 acre on the South Shore of Grand Cayman. Comprising 6,800 sq. ft. and 5 beds & 5 baths it includes a guest cottage, oceanfront pool, generator, Koi ponds, lush landscaping, and endless views of the Caribbean. This has now been listed with Coldwell Banker at a significantly reduced price. Call us for more details and a private viewing. As of this writing activity, the condominium sector dollar volume of sales is up 4% YTD, but with 13% more units sold. The average sale is still just over $0.5M but this also includes inland developments and units of all sizes. Sales are being made (but not fortunes) as buyers are still being fairly careful about what they buy, and what they pay. Watercolours is the most ambitious and luxurious condominium project ever attempted in Cayman and they have now sold about 30 of their 60 units. Available units range from US$2.95M for the 3 bed units to US$9.5M for the awesome 6 bed models. Completion of the project to its projected excellent specs and standards is currently scheduled for May 2014. The Sea Breeze Development on the Northern end of 7 Mile did not make it to auction. A settlement was reached just before and now 5 of the 9 units are under contract. Prices on the unsold units range from US$1.45M to US$1.65M for these lovely 4 bed & Den units comprising nearly 3,000 sq. ft. The property is very well constructed and beautifully fitted and finished. Units of comparable sizes and finishes are selling for nearly twice these prices! Call us for further details and a private viewing. I had dinner recently with a couple who had purchased a condo through me in Renaissance on Seven Mile earlier this year and the husband mentioned having “Buyer’s Remorse.” That phrase is usually associated with a buyer having made a purchase and later regretting it. So I asked him what was the problem? (Keep in mind they had previously looked for 3 years without buying). He said his “Buyer’s Remorse” was all about hating to have to leave Cayman after each trip.” Now that is the kind of remorse we love to hear about. Commercial Commercial downtown continues to struggle with a fair amount of unfilled space. Most of this is class B and below and some Landlords are taking the opportunity to improve the standards of their buildings. Piccadilly is a good example where 15,000 sq. ft. is available to let at rates as low as US$28 and a CAM of US$13. This property has been undergoing major renovations and is the only downtown property which truly has sufficient parking. Call us for more details and a private viewing. www.caymanislandsrealty.com

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Page 1: COLDWELL BANKER MARKET REPORT - caymanislandsrealty.com · The single-family home market is up over 30% YTD in dollar volumewith the average sale topping US$1.0M. Sales of homes has

COLDWELL BANKER

MARKET REPORTMID YEAR 2013 AND PROPERTY LISTINGS

an honest appraisal of the cayman marketplace

ReviewIn our last report, we called for continued mediocre to poor economic results in Cayman unless the US economy improved andCayman was able to get needed Capital Projects moving.

General OutlookCayman was unable to make any headway on any of the projects. The interim PNA Government, required by the vote of no-confidencein the UPD (after then Premier McKeeva Bush was charged with numerous counts of corruption), was simply a caretaker government.However, the stock market in the US made a strong move upward which, at least temporarily, increased spending. Right now dollarvolume of Real Estate Sales is up 10.6% YTD over last year, and the recent trend seems to be strongly up. The dollar volume ofpending sales is also trending higher at +27% YTD. That bodes well for a strong second half.

Specific Market Sectors:The single-family home market is up over 30% YTD in dollar volume with the average sale topping US$1.0M. Sales of homes hasbeen strong in the upper levels as this increase is in evidence even though the number of units sold was virtually the same.

A recent notable listing is La Buena Vida which is a very unique West Indian/Mediterranean style estate perched high on the grassyhillside on 0.88 acre on the South Shore of Grand Cayman. Comprising 6,800 sq. ft. and 5 beds & 5 baths it includes a guest cottage,oceanfront pool, generator, Koi ponds, lush landscaping, and endless views of the Caribbean. This has now been listed with ColdwellBanker at a significantly reduced price. Call us for more details and a private viewing.

As of this writing activity, the condominium sector dollar volume of sales is up 4% YTD, but with 13% more units sold. The averagesale is still just over $0.5M but this also includes inland developments and units of all sizes. Sales are being made (but not fortunes)as buyers are still being fairly careful about what they buy, and what they pay.

Watercolours is the most ambitious and luxurious condominium project ever attempted in Cayman and they have now sold about30 of their 60 units. Available units range from US$2.95M for the 3 bed units to US$9.5M for the awesome 6 bed models. Completionof the project to its projected excellent specs and standards is currently scheduled for May 2014.

The Sea Breeze Development on the Northern end of 7 Mile did not make it to auction. A settlement was reached just before andnow 5 of the 9 units are under contract. Prices on the unsold units range from US$1.45M to US$1.65M for these lovely 4 bed & Denunits comprising nearly 3,000 sq. ft. The property is very well constructed and beautifully fitted and finished. Units of comparablesizes and finishes are selling for nearly twice these prices! Call us for further details and a private viewing.

I had dinner recently with a couple who had purchased a condo through me in Renaissance on Seven Mile earlier this year and thehusband mentioned having “Buyer’s Remorse.” That phrase is usually associated with a buyer having made a purchase and later regretting it. So I asked him what was the problem? (Keep in mind they had previously looked for 3 years without buying). He said his “Buyer’s Remorse” was all about hating to have to leave Cayman after each trip.” Now that is the kind of remorse welove to hear about.

CommercialCommercial downtown continues to struggle with a fair amount of unfilled space. Most of this is class B and below and some Landlordsare taking the opportunity to improve the standards of their buildings. Piccadilly is a good example where 15,000 sq. ft. is availableto let at rates as low as US$28 and a CAM of US$13. This property has been undergoing major renovations and is the only downtownproperty which truly has sufficient parking. Call us for more details and a private viewing.

www.caymanislandsrealty.com

Page 2: COLDWELL BANKER MARKET REPORT - caymanislandsrealty.com · The single-family home market is up over 30% YTD in dollar volumewith the average sale topping US$1.0M. Sales of homes has

Planning ChangesThe Beach Resort and Neighborhood Commercial Planning Zones have been the most difficult to work with since they wereimplemented. These are two of the newest zonings and were meant to provide a needed compromise between existing zones but ithasn’t really worked out that way. Both zones have been more restrictive, more complicated with neither being very practically appliedin our view. Recently the Beach Resort Residential Zone was changed to allow 50 ft. rather than 75 ft. setbacks on iron shore and60 rather than 30 bedrooms per acre while retaining the 20 units/acre density. Height restrictions are loosened from 40 ft. for 3 storeysto 55 ft. for 4 storeys. We think these are sensible changes which may stimulate development on iron shore coastal properties.

Company NewsColdwell Banker has just hired Todd Younghans who is a Commercial expert to handle our Commercial Sales and Leasing. Toddrelocated to Grand Cayman in November 2012 from the Carolinas Region in the US. He brings with him 19 years of commercial realestate experience in 3 different markets in the US. His Real Estate experience started as an appraiser in a small firm in Charlotte. Thenin 1996 he joined Cushman & Wakefield where his focus was representing corporate landlords and tenants in the thriving officemarkets in and around Charlotte. Later in 2000 he was offered a position to expand the coverage for Cushman & Wakefield downinto South Carolina. Todd handled a variety of transactions statewide in the office, retail, and industrial sectors. He is a member ofthe Society of Industrial and Office Realtors in the US, and is currently a candidate member for the CCIM designation which wouldmake him the only agent with either US Commercial designation in the Cayman Islands. If you would like a professional presentationas a potential lessee or existing landlord, please give him a call at our office.

Paul Young a Caymanian who has just joined us, is originally from Canada and schooled at McMaster University and The Universityof Miami’s School of Architecture where he studied New Urbanism. Paul has been living in Cayman since 1999. His sales experienceis diverse having worked in several jurisdictions including Toronto, Los Angeles, Bermuda and Cayman. Paul worked as a localCIREBA agent for 6 years before transitioning to the developer side of the business with The Ritz Carlton Cayman selling the Residences and DeckHouses, then on to Dart Realty where he helped develop, sell and lease Dart’s residential and commercialproducts. With over 30 years of combined selling experience, Paul is excited about representing such a strong and internationallyrecognized brand.

Local Electionomics Our General Elections are now complete and the PPM finished with a very slim majority which required the inclusion of a formerPNA/UDP Member as Speaker and a C4C endorsed Independent in Cabinet. Of the C4C endorsed group, 3 of 7 candidates were elected(Tara Rivers, Roy McTaggart and Winston Connolly) all 3 eventually agreeing to support the new Government. The UDP won only3 seats and although one of those seats went to ex-Premier McKeeva Bush, the overall result was an overwhelming public rejectionof the way that party had conducted its business.

A UDP member has now mounted a challenge to Tara Rivers’ seat. There are several laws/regulations which apply here: Citizenship,Residency, our Constitution, the Elections Law, and rights of Natural Justice. Some of these rights/laws seem to be conflicting, andeven the Commonwealth Parliamentary Association election observers felt they were too restrictive. It would be a travesty for theCayman Government to lose one of its bright young minds over some technicality, but, of course, these are the risks you take whenyour society degenerates into one which puts more emphasis on the letter of the law than the spirit of the law. Seems like there iseven more Governmental clean-up required in Cayman than we thought. The matter will go to court in July.

So what do the election results mean in economic terms? Well, there is no doubt Cayman’s International reputation will improveimmediately. And it should mean more Government transparency, with tenders being conducted fairly and generally more localbusiness being encouraged. We also believe the new Government sees the need to get needed capital projects underway and completed– especially the airport and runway. That’s the good news.

The not so good news is this new Government now owns a massive debt and the UK will rightly allow no further unlimited borrowing.Balancing the budget is a problem. The streamlining of Government Departments and cutting out perks would be an unpopular, butvery effective part of the solutions. Does the PPM have the Political will to make necessary cuts and move forward with Privatizationof certain industries? We just don’t know yet.

Our problems are intertwined. In order to encourage new businesses and investors to come to Cayman we have to ensure the availablelabour pool can support those businesses/investments either locally or through work permits. Our local unemployment figures are toohigh right now, but at the same time our educational standards have been too low. Some sort of symbiotic relationship betweenImmigration, Labour and Education is required to give us some local jobs in the near term, but also allow businesses to employ thelevel of expertise they require. The crux of all this is that we must ensure our Education System can provide the required level ofexpertise going forward. This is a big job and we fervently hope this Ministry remains in the hands of Tara Rivers.

OECD/FACTA Etc.We can expect more pressure from the high tax jurisdictions (led in this instance by our own Mother Country) against no taxjurisdictions in the British Overseas Territories. All this, while Cayman’s Banking regulations are far more stringent than the UK’s own(or the US for that matter). This will cause continued strain on our colonial relationship with the Mother Country. It would be refreshingto see our “Mother” stand up for us every once in a while in areas where we are actually doing a good job. These intrusive newregulations make it harder for normal citizens to do legitimate business and the astounding amount of personal information the UKwants to require is very worrying for all citizens. In fact, the UK requirements infringe upon our Civil Rights and Privacy.

Page 3: COLDWELL BANKER MARKET REPORT - caymanislandsrealty.com · The single-family home market is up over 30% YTD in dollar volumewith the average sale topping US$1.0M. Sales of homes has

For further property details and information please contact Coldwell Banker Cayman Islands Realty P.O. Box 32308, Grand Cayman KY1-1209, CAYMAN ISLANDS

Main Office: 345 623 4411 Cayman Brac: 345 623 2722 Little Cayman: 345 948 1083 Property Management Office: 345 623 7368E-mail: [email protected] Websites: www.caymanislandsrealty.com, www.coldwellbanker.com

J. C. CalhounBroker

Allen BloomrosenBroker

James ButterworthBroker

Rick BurgosAsst. Mgr./Sales Agent

Quatro HatchSales Agent

Irene Scott-ThorntonAgent, Cayman Brac

Michel TrumbachSales Agent

Kirk FosterSales Agent

Paul YoungSales Agent

Todd YounghansCommercial Agent

Tracy MooreSales Agent

Wes DangerfieldAgent, Little Cayman

New GovernorSadly we must soon bid adieu to Governor Duncan Taylor who is leaving to take a post in Mexico. He was a breath of fresh air forCayman and had become a very well liked member of the local community. His willing participation in local athletics contests andhis approachable demeanor endeared him to many. He will be missed. Taking his place will be Cayman’s first female Governor, Mrs.Helen Kilpatrick. Mrs. Kilpatrick is currently acting Permanent Secretary in the UK Home Office, and has a Finance, Accounting andCorporate Services background. We suspect our local Government had better get our finances in good shape in short order!

Controversial Local TopicsIssues Like: “One Man – One Vote”, Term Limits (rollover), the Environmental Bill, and a Minimum Wage, have all been mentionedas front burner items by the new Government. Although admittedly, the status quo in all areas is not acceptable, we are not sure theparticular existing suggestions are the best solutions. We hope the new Government will look carefully at other less drastic solutionsthan just rubber-stamping those proposed. As a result of the elections, we are not facing quite the same problems now and we havesome great new intellects in the LA. Let’s please hear all points of view prior to making a final decision on those issues.

YMCAThe Cayman Islands Chapter of the YMCA has completed its Community Needs Survey and is in the process of looking for anoperations manager with significant Y experience to help the Board get through the early stages of programming and fund raising.A “Y without walls” at the moment, the organization will identify and support deserving local initiatives in the short term whilekeeping an eye open for a suitable home in the long term when finances permit. Anyone interested in becoming involved shouldcontact the Chairman Pastor Randy Von Kanel at [email protected] or Secretary JC Cahoun at [email protected].

US EconomyThe recent Stock Market performance may have been the peak as the S&P, emerging markets, and homebuilders index all headed southin May. Mortgage applications have also dropped considerably. It is hard to tell but none of the underlying data seems to support astrong recovery in the states any time soon. That means discretionary spending by increasing numbers of tourists due to a strong USeconomy is extremely unlikely. However, Cayman has always benefited from serious problems in neighboring jurisdictions and theUS is not just in recession. They have serious economic, social, and philosophical problems which threaten the very capitalistic systemwhich made them great. Those concerned with that socialist direction are looking for alternative places to live and invest and Caymanis an obvious choice. Good weather, convenient location, English spoken, US dollars traded, friendly people and relatively low crimeare all high on the wish lists of any potential expatriate. All we need to do is make them feel welcome by a clear and reasonablepermanent residency program and a specific path to citizenship, coupled with effective marketing. This is an excellent opportunityfor us in terms of new sources of revenue – if we don’t get greedy.

Forecast“The ball is in our court”. We cannot depend on the US or UK to bail us out of the mess we have created for ourselves. But there is agenerally hopeful feeling throughout the island as a result of the election. With the PPM’s apparent willingness to work with 3Independents to create a 12-seat majority, things can get done. But this must be a proactive Government based on the serious issuesthat face us. If we are proactive, make some good decisions, and are not afraid of making the hard decisions, we can turn Caymanaround. Meanwhile, we have to hope that the Americans who are willing/able to spend are encouraged to come to Cayman to do that.Although, the world atmospheric conditions are charged with uncertainty, we see reasons to believe the local weather is improvingso we predict continued partly cloudy skies with intermittent clearing over the next 6 months.

For further property details and information please contact Coldwell Banker Cayman Islands RealtyP.O. Box 32308, Grand Cayman KY1-1209, CAYMAN ISLANDS

Main Office 345 945 4411 Cayman Brac: 345 948 2727 Little Cayman: 345 948 1083 Property Management Office: 345 623 7368E-mail: [email protected] Websites: www.caymanislandsrealty.com, www.coldwellbanker.com

Page 4: COLDWELL BANKER MARKET REPORT - caymanislandsrealty.com · The single-family home market is up over 30% YTD in dollar volumewith the average sale topping US$1.0M. Sales of homes has

The Coldwell Collection of PropeThe Coldwell Collection of Properrties ties

W )

We don’t just list – we SELL (and Rent)

CONDOMINIUMSREDUCED..REDUCED

MLS400464 - THE AVALON #12 - ..................................US$1,899,000

NEW

NEW

MLS125285 - ........

L.C PEN

...NEW

..NEW

......

MLS102881 - LAKELAND VILLAS #40 - ......................CI$250,000...

RESIDENTIAL

NEW

CB

........

CBNEW

MULTI FAMILY

PEN/CON

RED

NEW

LAND

PEN/CON

CB

CBCB

REDUCED

NEW

CB

PEN

NEW

CBCB

NEW

NEW

NEW

NEW

PEN/CON

PEN

PEN/CON

NEW

NEW

NEW

PEN

CB

CBCB

..NEW

MLS400874 - PALMS @ PATRICK’S ISLAND #12 ..REDUCED.CI$219,000.NEW

..NEW

...PEN/CON

...........

..NEW

MLS126300 - RED BAY GROVES #4 - .................................CI$169,000MLS400312 - PROSPECT HAVEN #16- . PEN/CON .........CI$165,000MLS400398 - WILLOW POINTE #6- .. ........CI$160,000

...........MLS113833 - PROSPECT HAVEN #4 - ...............................CI$150,000

CB

NEW

MLS400572 - MORNINGSIDE DR. REDUCED CI$360,000MLS125595 - VALLEY GARDENS - L.VALLEY .CI$350,000

...............................CI$320,000MLS126169 - COTTON TREE BAY CB. US$280,000

..........CI$200,000PEN/CON

COMMERCIAL SALES

COMMERCIAL LEASING

- MLS101649 #12EDGE TER’S AATER’S WTHE - MLS066700 #8EDGE TER’S AATER’S WTHE - MLS400464 - #12 ON ALVVAATHE - MLS126222 UB CLPOINT Y VERODISC

#12 REDUCED

REDUCED

..................................#18UB

REDUCED..US$3,199,000REDUCED..US$2,699,000

..................................US$1,899,000US$749,000

- MLS400899 A SE- MLS400874 AL PPA - MLS400869 VIS- MLS400879 SUNRISE

#7GEM A ..NEW

#12ISLANDTRICK’S AAT PPA@ ALMS #7VILLAS A TTA VIS

#22II PHASE - SUNRISE

NEW...................................CI$224,000..REDUCED.CI$219,000

.NEW.........................CI$215,000..NEW.....................CI$203,000

- MLS400977 ON GALLETHE OF VILLAS - MLS400940 #7GRAPETREE - MLS125285 #10S HEIGHTHARBOUR - MLS090414 UB CLPOINT Y VERODISC- MLS077496 #22Y AAY BAMARIND TTA - MLS400132 #7GE VILLAWINDSOR - MLS125932 #20UB CLONCH C- MLS113533 VILLAS WN OTGE ORGE- MLS125765 #10UM OPLOCC- MLS400435 #16GRAPETREE - MLS400955 #69GE VILLATION AATION PLANTTA- MLS400886 #125 S VEOCS YAAYWAAWTTACAS- MLS400235 VILLAS POINTE AN OCE

#48ON NEW

NEW...........#10

#42UB ................

CL. ........PEN.................#306VILLAS

#69 ...NEW...........B& A #125 ..NEW

#21 .....................

NEW.....US$679,000...........US$675,000

US$595,000........US$592,000

US$569,000US$555,000

.................US$460,000US$449,000US$425,000US$390,000

...........US$349,000NEW.....US$325,000

...............US$325,000

- MLS400162 OREF- MLS126133 EVER- MLS400618 SOUTH - MLS126164 OUNTRC- MLS400887 SUNRISE - MLS102290 NIGHTENGALE - MLS400781 ANDS- MLS126300 RED - MLS400312 PR

MLS400398 - WILL- MLS126060 SIL- MLS113833 PR- MLS102306 CARIB

#16VEN HAAV T SORE#3 VILLAS GREEN EVER

#60ALMS PSOUTH #12BS TEAATTTASESIDE YOUNTR

#26II PHASE - SUNRISE #11MANOR NIGHTENGALE

#40OOD WALLWAND#4S VEOGRY AAY BRED - #16VEN HAT COSPE -

POINTE #6W OWILL - #F23 S AKOVER LLVER

#4VEN HAT COSPEPR - #223ANDS SCARIB

... ONPEN/C ..............CI$195,000 .................................CI$190,000

CI$189,000 CI$185,000

..NEW.....................CI$179,000CI$175,000CI$170,000

.................................CI$169,000...... ONPEN/C ...........CI$165,000

.................................CI$160,000........................................CI$157,000

...............................CI$150,000CB..............................CI$145,000

- MLS400611 #23III PHASE SE SUNRI- MLS102881 #40VILLAS LAKELAND - MLS125893 HOME WN OTOOD BRENW

- MLS400642 TMENTARAPOOD ONWTBUT- MLS125198 DRIVE SEYMOUR - MLS126143 HOSPITS SUITESUMMER - MLS101902 TMENTARAPVIEW GARDEN

- .....................#3HOME ..............

S TMENTONPEN/C ...............

RD AL PITTA Y AAY BT SWES. TMENT

US$325,000CI$255,000

.................CI$250,000...........CI$225,900

CI$2,340,000...............CI$595,000

CI$550,000CI$539,000

- MLS400675 ME- MLS125846 WE- MLS400327 A PPA - MLS125604 OODW

- MLS400780 ANDS- MLS400892 OCE

DUPLEX DRIVE WLANDS ADOMELANE AR TTA SY AAY BT SWE

ALE DALM ALLEY VVALLEY L. DRIVE LAND OOD

#39OOD WALLWAND#302UB CLAN OCE

RED....CI$425,000NEW.......................CI$350,000

CI$330,000CI$295,000

CI$145,000CI$135,000

NEW............................CI$123,000

- MLS114854 ABE& ORLD WS DIVER- MLS400678 ASHIONFORLD WOUNG Y- MLS400584 INDUSCE PLAS GEORGE- MLS125709 AKERBT SCHEASURE TRE

BOUTIQUECH A .......................................BUILDINGASHION ..........................................

ARKPPARKTRIAL INDUS ............................................YAKER ...........................................................

”AA”“LA BUENA VID

.......................................US$2,200,000..........................................CI$1,500,000

............................................CI$1,200,000...........................................................CI$1,125,000

Y PICCADILLLY THE BUILDINGSIS GENETHE

BUILDING AXIS .TSARD WWA ED

SIS GENETHE

CENTRE

BUILDING

BUILDING

- MLS126176 URINAACASVILLA - MLS114747 LANDINGSE SUNRI- MLS400929 YAAYBGA OME- MLS400166 YAAYQUAILFISH S- MLS400124 ASBRISLAS S ORESHTHE - MLS126166 TEAATETTASEONT FRCH ABE- MLS400416 W/HOME ARK PPARK ANIC TTANIC BO- MLS124972 ADCIENHAANDS HIGHL

NEW..........

ASCB.....................

GEACREAW//AA

CI$2,350,000CI$1,359,000

..........US$1,200,000US$1,195,000CI$1,150,000

.....................US$985,000CI$650,000CI$629,000

- MLS125314 LAKE - MLS400837 AS- MLS400776 AS- MLS400713 AS- MLS114773 .BW- MLS400572 MORNINGSIDE - MLS125595 A VVALLEY - MLS400725 SELKIRK

t MLS400898e on requespric

RDW OWILLLAKE HOMEY AMILLY FFAMILANNAH VVANNAH A

.DREDISONANNAH VVANNAH AAVTREETSOOD TINWATINWHOMEY AMILLY FYAAY.B

.DRMORNINGSIDE ALLEYVVALLEYL.- GARDENS ALLEY

DRSELKIRK

CI$549,000CI$549,000CI$520,000CI$495,000CI$399,000

REDUCED..CI$360,000..............CI$350,000

CI$320,000

- MLS124972 ADCIENHAANDS HIGHL- MLS102768 ISLANDTRICK’S AATRICK’S PPA- MLS126018 HOUSERUN TLE TUR- MLS400450 #A1GRAND ANNAH VVANNAH AS- MLS400837 HOMEY AMILLY FFAMILANNAH VVANNAH AAVS

- MLS400933 SITE T SORRES OLLIERC- MLS400932 T SORREY AAY BS TERTSPO- MLS400241 OMMERCAD ORY AAY BT SWE- MLS101983 DORLAND TRIAL INDUS- MLS400236 ARPPARCH ABEMILE SEVEN

.A ........

CB#A1 NEW

HOME

SITE T CIAL OMMERDRIVECY DOR

CELAR ONPEN/C

.............CI$629,000CI$599,000

CB.....US$575,000NEW...CI$575,000

CI$549,000

US$35,000,000 US$27,500,000US$18,500,000

CI$2,999,000ON..S$2,995,000

- MLS400843 CA- MLS400254 NOR- MLS126011 NOR- MLS400621 AS- MLS400842 CA

- MLS400725 SELKIRK - MLS126169 OC- MLS400774 PE- MLS090488 ORENCE FL- MLS400773 RANKIN

SOUTHSIDEC BRAYMAN AAYMAN SHORETH NOR

EDGE UFF BLSIDE TH NOR. RDOCK SHAMRANNAH VVANNAH AAV

C BRAYMAN AAYMAN

.DRSELKIRK YAAYBTREE ON TTO

.TSSON TENNYY AAY BASE LANEORENCE

DRIVERANKIN

NEW...US$175,000CB................................US$167,000

CB................US$160,540CI$156,000

NEW...US$155,000

...............................CI$320,000CB.......US$280,000

..........CI$200,000ONPEN/C ..CI$175,000

CI$170,000

- MLS102882 UFFBLC BRAYMAN CAAYMAN - MLS126259 ADORS ANKAIRBF- MLS126294 BT SWES ARKERBOF TIP - MLS400448 KAI YMAN CAAYMAN - MLS102043 EDGEUFF BLSIDE TH NOR- MLS103194 FRTER AATER WSIDE SOUTH - MLS400511 T OLUFF BLO PEDR- MLS400655 KAI YMAN CAAYMAN - MLS400868 YMAN CAAYMAN TLE LIT- MLS125619 ISLANDTRICK’S AATRICK’S PPA- MLS114522 POINTVE OMANGR- MLS125615 ABOUTOUNDRAD ORCREWE - MLS400643 RIDGEY AAY BCH ABE

CB...........................

YAAYB

EDGE CBGE ACREAONT FR CB

REDUCED..................

NEW.......................

ABOUT

...........................CI$2,100,000US$1,349,000US$1,200,000

US$975,000CI$800,000

... US$700,000....................CI$625,000

US$549,000.......................US$495,000

CI$395,000US$369,900CI$348,480

US$335,000

- MLS102769 APPA- MLS126220 INDUS- MLS126036 RA- MLS400756 RA- MLS114785 NOR- MLS400880 NOR- MLS400326 OOKL- MLS102358 ASE- MLS102946 CA- MLS400198 AS- MLS125754 RA- MLS400882 OOKL- MLS400769 RUM

ISLAND TRICK’S AATRICK’S ARK PTRIAL INDUS

S TTSPOVENUE AAVENUE VEN AAVEN S TTSPOVENUE AAVENUE VEN AAVEN S TEAATETTASESOUND TH NORS TEAATETTASESOUND TH NOR

GARDENS OUT OOKGE ACREAEND T AS

C BRAYMAN AAYMAN ANNAH VVANNAH A

VENUE AVEN AAVEN GARDENS OUT OOK

DRIVE POINT RUM

CI$150,000CI$140,000

NEW.................CI$140,000NEW.................CI$140,000

US$120,000NEW.............CI$105,000

CI$104,000ONPEN/C ......................CI$99,500

PEN.............................US$99,000ONPEN/C ..........................CI$85,000

CI$76,000NEW.......................CI$69,000

NEW.........................CI$69,000

MLS400643 RIDGEY AAY BCH ABE- MLS126012 EDGE UFF BLSIDE SOUTH - MLS400228 ELANDING ADMIRALS - MLS126099 POINTVE OMANGR- MLS400181 S ORESHTHE - MLS101921 CEL ARPS OPERS.DEVELRE- MLS126065 LAND ASS PPASS Y BRD WEBB- MLS078229 OCK RHIGH - MLS114113 BEYAS TTAS VISSIDE TH NOR

EDGE CB...............SITETE AATE TTASE

Y AAY BT SWECEL LAND PEN.......................

ASETHE OND BEY

US$335,000...............US$282,700

CI$275,000US$275,000CI$250,000CI$239,000

.......................CI$229,000US$216,000US$185,000

MLS400769 RUM - MLS400821 RUM - MLS400231 ASE- MLS400910 MIDLAND - MLS125073 GREEN - MLS400775 AS- MLS400715 ASE- MLS114158 INLAND

8 - MLS126042 INLA

DRIVE POINT RUM DRIVE POINT RUM

. DRAN MCLEJOHN END T ASS CREAMIDLAND

WN OTBODDEN S CREAGREEN DRIVE REID ON TAS

N YMACAAYMATLE LITEND T ASTOLUFF BLINLAND

STOLUFF BLND INLA

NEW.........................CI$69,000NEW........................CI$69,000

CI$68,500CI$58,000

PEN....CI$51,640CB....................................CI$50,000

CI$25,000CB................................CI$35,000

CB............ ...CI$19,386

CAYMAN ISLANDS REALTYEach Office Independently Owned and Operated