“How much could we get for our house or condo in today’s market?” “How long would it take to sell?” “Does it make sense to make a move now, or should we wait?” What exactly is our market like? Is it time to buy? Time to Sell?
Even if you’re not the least bit serious about making a move, you probably ask yourself questions like these from time to time. Most people do. It’s natural.
Are you a seller? If yes, I’d be happy to give you a clear idea of what the current market value of your property is and what to expect should you decide to sell. There’s no obligation. We do not have all the comparisons you may have in a U.S. or Canadian neighborhood but we can do a pretty good job with the 10+ years of data that we have in our MLS system.
The market here in the Bay Islands at this point is definitely picking up, actually it is pretty ‘brisk’. The lower prices across the board on vacant land and most residential and commercial properties has drawn the attention of the masses in many warm weather locations and Roatan & Utila seem to be no different. Is this a ‘blip’ on the radar screen or the beginning of a trend? Time will tell but from my personal perspective, watching from here not from afar, I think it is the start of a trend in that there are a few developers starting up projects and that historically means they are finding property they want at prices they feel they can sell home sites or build homes or condos on.
As I type, almost every REALTOR on the island is busy. They have clients, just had clients or are expecting them soon. Normally, whether the North American Market goes up or down, we here in the Bay Islands experience a ‘lag time’ of about a year+, whether that is in an upward or downward direction. Last year many of the warm weather locations in the U.S. experienced sales surges, because of low prices. Based on the normal ‘lag time’ we are experiencing the same right now.
Here are some of our new listings and a price reduction-
A beautiful beachfront home on Utila, the ultimate in peace & tranquility!
Another beachfront home on Utila. This one with a $100K solar system! (CLICK HERE)
A non tourism waterfront parcel with a seawall, 6 foot draft that could easily work for a commercial enterprise also.
3br/3ba Resort home on the north coast of Honduras – only $149,000
Price reduction on a prime piece of road frontage for commercial use in West Bay-
Condos-
This little condo, at only $124,000, is not the idyllic spot on the beach but is only a couple hundred yards from the nicest beach on the island. If you are wanting a spot for vacation and a place that normally is easily rented this may be your spot.
Probably the best condo deal on the island right now in regard to condos to live in full time or rent long term unit, Spacious 2br/2b, quality throughout.
This would have to be the best beachfront 2br2ba deal on the island.
Homes-
3br/3ba waterfront home. This is a location best suited for a boater. It can be used for either a residential of a commercial venture. Only $150,000
3br/2,5 bath. Situated near West End in the quiet area of Mangrove Bight
Luxury home in a top end community at half what the Seller paid for it! Views, breezes, space, pool,………a must see, cannot be rebuilt at this price!
Commercial and/or development properties–
This is property could be a commercial property (B & B) or a grand rain forest estate. At only about $10,000 an acre is is a beautiful place to visit or buy. It has a nice video to view also-
This commercial location is only 150 yards from the exit of the cruise ship port for your new cruise ship location?
8 to 10% ROI for this high traffic strip mall. A great place to invest and get a nice return
58 acres / 700+ waterfront, roads and some underground water and electric already in place. Are you a developer where you are now? Are you ready to be a developer on a tropical island?
Another developer opportunity ? 31 acres w/ large waterfront, flat land
Home sites for immediate or future build out! Retiring in a few years this may be a chance to buy when the prices are low.
Quiet location, convenient location, with ocean views, that ‘feels’ like it is remote but actually not too far from amenities. Includes your very own boat slip
Mid island top end community. Very nice view lot at a very nice price. Low HOA fees.
Sub-divide this parcel yourself into home sites or keep it all for a great grand estate. Views to two shorelines –
That’s it for this month’s offerings. We hope it has been helpful in finding you place in paradise. If you did not find what you are looking for you may wish to go here to our MLS (Multiple Listing Service), when you can search hundreds of properties sorted by your price points and locations. With the above link you can save, share and rank your findings based on your own personal opinion.
Are you real new to the process? You may wish to take a look at this 8 minute video regarding the ‘geography’ of the island where it outlines the various areas of the island and helps sort out what is where.
“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” -Franklin D. Roosevelt
Are you tired of the cold and snow. Let this be your last winter without a warm Caribbean breeze kissing your face 🙂
Larry Schlesser
Broker/Owner
RE/MAX-Bay Islands/Western Sunsets
C.I.P.S. (Certified International Property Specialist)
The ONLY Certified International Property Specialist in the Bay Islands
