The summer is wrapping up here in Cayman, so there's no better time to take a look at recent market trends and what we can expect moving forward.
The cyclical highs and lows have finally passed, which is great news because it means our market is starting to normalize. This is in conjunction with the confidence that's come back into our local market. The airport is going through its expansion process, the Kimpton Hotel is gangbusters right now, and Camana Bay has recently announced a $400 million, ten year phased-out project essentially connecting Seven Mile Beach to North Sound.
All of these things, in conjunction with an uptick in population here in Cayman, are indicators of a renewed confidence in our market. All of this is playing beautifully with the seller's market we have right now. If you've thought about selling, take the next month or so to tidy up your home and up its curb appeal before for the upcoming busy season!
If you have any questions about market conditions, or if you need real estate assistance of any kind, don't hesitate to reach out to me. I would love to hear from you!
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