It is noteworthy that, of the $147M in pending sales on MLS, we expect $80M of these deals to close out before the end of this year which would bring the projected annual total sales for 2020 to $273M, approximately $10M higher than our 2018 year end sales.
PROVIDENCIALES, Turks & Caicos Islands (PRWEB) October 17, 2020
There is light at the end of the tunnel as we creep back to a somewhat normal life, albeit carefully, so as not to unleash further closures as parts of the world are now experiencing for a second time. The measures put into place have helped secure the health and welfare of our people here in the Turks & Caicos Islands and the steady stream of visitors fortunate enough to arrive over the past couple of months have been pleasantly surprised at the consistent protocols throughout the businesses on island. The atmosphere and the beautiful, uncrowded beaches make for a very refreshing place to rest and revive your spirit through this time. It is no surprise that real estate inquiries are streaming in and sales are continuing at a regular pace. Last year marked a record year in real estate sales so it’s humbling to compare to those numbers, however, the 3Q graphs for 2020 are indicating a constant and strong balance. It is noteworthy that, of the $147M in pending sales on MLS, we expect $80M of these deals to close out before the end of this year which would bring the projected annual total sales for 2020 to $273M, approximately $10M higher than our 2018 year end sales.
In the pages of this report, we would like to give you a brief update with the new developments that we work closely with as there has been plenty of interest and as construction progresses we look to see completion of some of these homes by next year.
We also want to mention that 78% of our resorts have been open throughout the summer season and the remaining resorts will open in October or November. We currently have American Airlines, Jet Blue, Air Canada, InterCaribbean, Caicos Express as well as several private air flights servicing Providenciales International Airport. Further flights will restart in November with West Jet, British Airways, and Delta Airlines as we look forward to welcoming you back!
Turks & Caicos Sotheby's International Realty
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