After Hurricane Dorian 18 months ago, it seems that Abaco is now on fire. Real Estate transaction fire, that is.
Maybe it is the friction from the speed from listing to sale, or is it from the number of properties listed and sold in such a short period? Since November 2020, HG Christie Ltd. alone has closed more than fifteen deals!
HG Christie agents in Hope Town (Elbow Cay), Marsh Harbour and Green Turtle Cay have been experiencing a glut of serious inquiries from buyers of all levels.
“The demand is seen to be strong with some properties seeing competing offers and occasionally selling for prices higher than list. Several recent listings of HG Christie agents have found buyers within days of hitting the market. Many in the ‘buy world’ are feeling remorse for waiting too long or bidding low,” says Top Producer Dwayne Wallas.
In beautiful Hope Town, a community still building back their school and removing boats from the shoreline, Estate Agent Patti Love had one property under contract in less than one month from listing!
The Abaco islands are coming back from Dorian, with supermarkets, hardware stores, marinas, gas stations and some restaurants already back in business, while others are getting ready to execute their plans now that electricity has safely restored to most areas. Some islands in the Abaco group and some communities are slower at rebuilding than others. Treasure Cay has been slow to recover, but things are about to change there too. Baker’s Bay on Great Guana Cay had expert crews on the ground to fix their community just weeks after Dorian. Maybe they are hurrying to be ready in time for Jennifer Lopez and A-Rod to complete their nuptials after their engagement on that very island before the storm hit…