(Apologies for my last post, I wrote it and then it got lost when publishing and wordpress posted it to FB and LinkedIn before I realized the post was blank.)
A few weeks back everyone was talking about a recent video shoot for a new music video that Pitbull shot in Staniel Cay, Exuma. It shows some great images of the mesmerizing waters of the Exuma Banks, and some shots of the whimsical Staniel Cay Yacht Club. Staniel Cay is definitely one of those places in the world that should be visited at least once in your life. It is a magical place, the location of the cave scenes in James Bonds ‘Thunderball’ movie. At the dock, nurse sharks hang out all day and keep you company. Personally I don’t think the music video does the cay and the area justice, but it is worth a look:
In other news there is a rumor that Miley Cyrus may be spending time in Treasure Cay, Abaco. Reports are unconfirmed though. Treasure Cay is home to a fabulous beach and I’ve taken on a new home for sale, sited right at the end of the point, with the best location and positioning in all of Treasure. ‘Casa Bella’ is the kind of home dreams are made of and indeed made in. Endless memories will be created in this stylish beach home. Check it out click on the photo below for more details:
Recent happenings of note in the Bahamas include the Bahamas Speed Week which was another success but still lots of growing pains. The participants say it is one of the most striking places they have raced their cars. Hope Town held it’s annual Boxcart Derby (racing on a completely different level but just as fun) and despite inclement weather was another huge success – Once again I endeavor to enter a cart next year. We will see if I can pull it off.
Upcoming event – the 242 Colour run in Hope Town on the 28th December. This should prove to be an exciting event, where you run/walk/crawl a 5k and get covered in colourful paint? (?? Seems interesting, maybe I’ll try it out)
I would also mention that New Years in the Abacos is lots of fun. Very family friendly and each of the cays does it a little differently, but there is always great fireworks, usually some Junkanoo and great entertainment across the island. Pete’s Pub is often a low key but fulfilling atmosphere to ring it in. Book early though as all of the rental homes get booked solid for the New Years holiday.
Schooner Bay is now functional, with gas dock, marina, several different villas to stay in, the Blackfly Lodge is open for business and there are now 2 options for eating out plus a newly opened general store which is bound to expand and grow. Be sure to make plans for an afternoon relaxing by the harbour.
Otherwise in real estate news, it seems 2013 is finishing up on a low note, but signs are pointing to a very much improved 2014. Florida’s real estate market is 30% up year over year, and has steadied out with inventory dropping significantly. Typically we see spill over in the Bahamas from 6 months to a year later, so I anticipate we will see some big improvement in our local market in Abaco from around spring time through the summer.
That said, there is still a high inventory of real estate here in Abaco at 620+ listings, and over 230+ of those are single family homes. Homes are continuing to sell much faster than undeveloped land or multifamily properties. It is now the perfect time to buy, before the almost guaranteed upswing coming next year. Things have been improving in market but at a subdued rate over the past 2 years. Most brokers and agents I speak with around town all agree that there will be significant gains next year.
On the other side of the coin though, Abaco Beach Resort and Treasure Cay are both in need of a fresh injection of energy and would really benefit from new owners. If these to anchor properties in Abaco were rejuvenated it would have a profound effect on the rest of the Abacos. Both resorts could be an option for the right investor with the right vision. Send me a proposal if you are interested. In other news, there has been some recent activity in the commercial market in Abaco, with some significant properties looking to have new owners in 2014. All good signs but still fairly muted at the moment.
Newly redeveloped projects are doing extremely well – I mentioned Schooner Bay already, other places to check out are Firefly Resort, The Hope Town Inn and Marina, and Bakers Bay is setting new standards in Abaco. The Bluff House and the Green Turtle Cay Club are both undergoing improvement works and they’ve recently dredged the channel to White Sound to accommodate larger vessels. All good news and good things happening around the cays.
Finally, take a look at recent video I’ve shot of a beautiful home on Gillam Bay, Green Turtle Cay. This is almost the perfect home…http://youtu.be/W0yxqA3XWlc
Now in closing can I ask all my readers to please cross your fingers and send positive vibes that the new Marsh Harbour airport terminal will be finally opened and functioning in January 2014 as has been recently promised.
This may be my last post before the end of the year – Happy Holidays, Happy Christmas, Happy New Year, may 2014 be another wonderful year to add to the memories.