Bahamas MLS Update

Back in May I first wrote about launch of the Bahamas MLS where at the time 81 out of some 600 licensed Bahamas real estate agents had signed up to use the brand new system.

It was projected by the Administrator of The Bahamas MLS, Heather Joy Albury, "that in 6 months time we would have doubled the agents and listings if not tripled [them]."

Since then the number of participating licensed estate agents have increased from 81 to 129, which is 33 members shy of the projected double figure. The amount of participating offices have almost doubled since May from 23 to 42. However the number of active exclusive listings have increased more than five times from 115 to 615 listings.

I questioned Heather Joy about if The Abaco MLS had joined The Bahamas MLS and she responded by saying that "The Abaco MLS closed in September" and that "most of the Abaco agents joined [The Bahamas MLS] in July."

The direction is looking positive for The Bahamas MLS and I'm sure that this trend will continue to grow.

Fourtune Hills Open House

On Saturday (27th September) Paradise Real Estate had an Open House for it's exclusive development listing at Fortune Hills which is currently in Phase 1 of construction.

Fortune Hills, an environment where each resident can relax and unwind, is a new development comprised of 32 luxury two bedroom townhouses and three bedroom condominiums.

It is centrally located in a fully enclosed gated community which boasts panoramic views of New Providence. Comfortable, spacious residences also offer an in-ground swimming pool, club house and playground.

The affordably priced Fortune Hills is built with Bahamian style aesthetics and spacious floor plans.

Click the image below to read what was written on the front of the Business section of the Nassau Tribune.

Tribune Business, September 30th

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More Home Models of Serenity

Have a look at more of the models for the new development of Serenity. In total there are seven different models one of which is one storey (Saffron).

Tamarind

Coriander

Marjoram

Caraway

See the below post for the other three models of Serenity or click here.

New Private Subdivison of Serenity

Single-family and Multi-family lots are available in Serenity, a brand new development located in the western area of New Providence Island in The Bahamas. The single-family (residential) lots start at $80,000 and the Multi-family (duplex) lots start at $100,000.

Serenity is a private residential development, providing the perfect opportunity for an affordable real estate investment in The Bahamas.

Serenity is a tribute to the tranquility that is installed in us by the best of traditional Bahamian Architecture. There are seven different models to choose from; Jasmine, Coriander, Tamarind, Marjoram, Caraway, Saffron and Sage. Each model home has been designed specifically to capture the essence of island living.

Being at home in Serenity will enhance your lifestyle. Feature amenities will include a Community Club House, separate adult and children's swimming pools, parks and tennis courts - all in one of the most competitively priced real estate developments available in New Providence today.

I had the pleasure of going to this new subdivision last week and I must say that I can see all the potential that this community has to offer.

Serenity's Home Models

Saffron

Jasmine

Sage

Bahamas Real Estate Changing Hands

Last month Jennifer Knowles Higgs, an exuberant Bahamian Realtor, sold her exclusive waterfront listing, a Penthouse at Ocean Club Residences in Ocean Club Estates on Paradise Island for $7 million net.

Originally listed for the overpriced figure of $11 million gross, this unfurnished luxurious pad with breathtaking Harbour views was sold $3 million under the the asking price.

The former owner purchaed the Penthouse all in for $5.5 million and ended up selling it for $7 million net, making him $2.5 million [roughly] profit from the sale to a Swiss investor in August 2008.

MLS in The Bahamas - The future is now

On March 17th 2008 The Bahamas MLS was launched, and since then 81 licensed agents of about 600 licensed agents scattered throughout The Bahama Islands, have signed on board to take part in the future of real estate.

Since the start of the industry in The Bahamas, it has been pretty much run the same. Sure Presidents and Board members a like have come and gone through time, but this is the first real step towards the 30th century if you will.

Last week I interviewed Heather Joy Albury, Administrator of The Bahamas MLS, who informed me that the newly developed Bahamas MLS system which is "a new concept" for The Bahamas, currently has "81 members from 23 different companies". From these 81 licensed estate agents, they have added 115 active exclusive listing on the new MLS for The Bahamas.

Heather Joy said, "[there is] positive participation within the MLS." She continued by saying "I believe that in 6 months time we would have doubled the agents and listings [on the Bahamas MLS] if not tripled [them]."

For a number of years, Abaco, one of the major islands in The Bahamas, had created and used their own MLS system aptly named The Abaco MLS. Heather Joy informed me that the "Abaco MLS will be joining the Bahamas MLS" sometime in the future so we have more to look forward to.