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A short guide to reading Turks and Caicos real estate statistics
To be in sales, you have to be an optimist. There’s a constant rejection that comes with asking people to commit their hard-earned money to a home, a development or an investment, and optimism is what gets you up the next morning. But one thing has come up again and again in my conversations with clients over the last few months: hope has to be grounded in reality, or else it’s delusion.
That matters in the Turks and Caicos right now, because so much of what we hear about the market comes from statistics, and our statistics come from a very small set of sales. Between January 2022 and October 2026, the TCREA MLS recorded 1,880 sales across every island and every type of property. That’s roughly 390 a year for the entire country. In a market this size, little differences have a huge impact, and that cuts both ways.
One sale can create momentum, or make it look as though the market has shifted when that’s not what we’re seeing on the ground. A run of sales at $1.5 million doesn’t mean a better home will achieve $2.5 million, because buyers reach a limit as to how much they have available to spend. A single $27 million sale can move the average price by almost a quarter while the median barely notices. And because pre-construction condos aren’t recorded as sold until the buyer is registered as the owner, a single completion year can look like a boom.
None of this takes away from the strength of our market. It’s largely free of debt, the economy behind it is healthy, and owners here are rarely forced to sell. But to understand what the numbers are really telling you, you need to be finely tuned to the section of the market within which your property lies.
I’ve put together a short flip book that walks through five things you need to know, using real examples from the last five years of TCREA sales data. Whether you’re buying, selling or developing in the Turks and Caicos, I hope you find it useful. And if you’d like help reading the numbers for your part of the market, I’m always happy to have that conversation.
