Bahamas Real Estate Market Reports

OCTOBER 2014

Bahamas Real Estate Report 

Significant Sales 

Sotheby’s International Realty Affiliates LLC recently released Volume 7 & 8 of their Significant Sales report. These issues feature top sales from various locations, beginning with a $42 million property in the Bahamas.

Significant Sales was designed to be a powerful tool in local markets for listing distinctive properties as it showcases the global reach and power of the Sotheby's International Realty network. Significant Sales are also featured on sothebysrealty.com so it can be accessed quickly and easily during listing presentations to further reinforce the strength of Sotheby's.

The following Bahamas property was featured in Significant Sales Volume 8. It is another home Damianos Sotheby's International Realty had listed and in Lyford Cay.

If you have a home in Lyford Cay, or anywhere else in The Bahamas, that you would like to list for sale, contact the team at Damianos Sotheby's International Realty to get your property SOLD!

JANUARY 2014

The Bahamas A PLACE TO PLAY AND A PLACE TO LIVE

The islands of the Bahamas have a lot to offer: beaches, marinas, golf courses, casinos, spas, fitness centres, and security and privacy in a Tax Neutral environment. The Bahamas is a leading International Financial Centre that offers economic residency status to persons who purchase properties valued at $500,000 or more.

Known to be one of the most naturally beautiful countries in the world, the Bahamas has attracted buyers from around the world for decades, who fell in love with our sun, sand and sea and decided that life was less taxing offshore!

Damianos Sotheby’s International Realty boasts the most experienced and successful team of real estate professionals in the Bahamas. In 2013 our firm sold just shy of 60% of all the sales on the Bahamas MLS. Our average sale price for the year was $1.7M, whereas the average sale price on the Bahamas MLS was $564,000. In addition, total transaction value for the year increased 35% over 2012, which clearly states that confidence in the Bahamas and its economy is returning, along with the improved global economy.

Winter Dream, Lyford Cay						Children's Bay Cay, Exumas
			2013 saw a marked increase in activity in the ultra-high-end market. Our president, George Damianos, sold several private islands and estates for prices above $20M.

While the market in the Bahamas is gaining momentum, it is still a buyer’s market where outstanding properties are available at attractive prices. Our 2013 numbers surpassed 2012, and our focus for 2014 will remain on the luxury home market throughout our islands. We will also focus on upscale condominium offerings where headache-free living on the ocean is the dream.

JULY 2013

Significant sale in Ocean Club Estates, Paradise Island

La Vista, Ocean Club Estates, Paradise Island

Nick Damianos, Listing Agent

Damianos Sotheby's International Realty is pleased to highlight a significant sale in Ocean Club Estates, Paradise Island. This luxury residence was listed by Nick Damianos and has been featured as one of our premier properties in local and international advertising.

La Vista is named for its stunning views over the golf course and the turquoise ocean beyond. Despite its 12,058 square feet it retains an intimate feel. There are five bedrooms, six full and two half baths, stone and mahogany floors, complete summer kitchen and infinity pool with eight fountains on the patio deck overlooking the golf course and ocean.

The private gated community of Ocean Club Estates offers with 122 single-family home sites and 88 condominiums. Amenities include an 18-hole championship golf course designed by Tom Weiskopf, 2 beaches, tennis courts a fabulous restaurant with stunning vistas over the golf course and an open-air Beach Cub on the world famous Paradise Beach.

Selling Agent Samira Coleby offered her insights after this remarkable sale and said, "The home is immaculate and the grounds are absolutely beautiful and manicured...I feel if you have a good product at a great price, there is no reason it shouldn't sell".

Samira Coleby, Selling Agent

Sotheby’s International Realty® brand takes great pride in presenting to the world unique places and their stories. Using innovative marketing tools, a global network and relationships with discerning buyers to perfectly match time-honored properties with the most qualified buyers in the world.

We are proud to have our Ocean Club Estates property included in the Sotheby’s International Realty® Significant Sales for March 2013.