The Agency Market Report Q1 2025
- Writer
- Apr 9
- 3 min read
WE'RE NOT IN KANSAS ANYMORE!
The Caribbean is synonymous with “Island Time” and trust me, it is definitely a thing. One of the reasons why the Caribbean is so popular to visit is because we don’t take life as seriously as the rest of the world, days can pass slowly, and patience is a prerequisite. However, like they say with raising children, the days are long, but the months are short, and here we are, at the end of another quarter looking back on what was a deceptively busy 3 months.
We really are at an exciting time in development here in the Turks & Caicos, where each development can complement the next.
As always at The Agency Turks & Caicos our vision exceeds further than what is just in front of us and that long term view was totally on display in Q1 as Navah, a project we have been working on for over 4 years, broke ground. This exciting development will re-energize the North West Point area of Providenciales and is a very exciting addition to the development landscape on the Island. Likewise The Retreat, our boutique condo offering in Grace Bay, has begun construction anchoring both ends of the Island with new development projects. While Wymara Villas continues to offer an unmatched level of luxury and exclusivity with new Villas being handed over to owners and available for sale. We really are at an exciting time in development here in the Turks & Caicos, where each development can complement the next and provide a series of unique opportunities to prospective purchasers.
Featured Listings
As a team we have enjoyed continuing to educate and inform prospective visitors off Island, with representation at Inman New York and at The Agency’s Annual Forum in Palm Springs, where both Trevor Musgrove and I spoke at panel discussions on building our business and client relationships. These events always give us an opportunity to promote the Turks and Caicos but also to take inspiration from our amazing colleagues and come back energized. This year was no exception and we are very excited to proceed with some of these exciting projects that took their root at these events.
2025 is going to be a very interesting year. We have already seen that the culture and ethos we have at The Agency is seeing success. No matter what the year throws at us we will keep our head down, work hard and deliver for our clients. Exciting things are coming and we are ready for them!
We are in a new age of real estate in the Turks and Caicos and it is important that we balance the emotional and statistical information.
Key Takeaways:
1. Sales volume for Q1 outpaced the sales volume for the same period in 2024 by over 22%.
2. While the number of listings sold decreased slightly, the average sales price and median sales price both nearly doubled.
3. The numbers show the first quarter of 2025 has turned into a more successful 3 months than many would have felt, but it was definitely a later start.
3. New Developments are launched - Navah Resort in the North West Point area of Providenciales, Sunset Ridge condos and townhomes in Grace Bay and The Retreat, a boutique condo offering in Grace Bay.
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