Q2 2025 Market Report

Cayman Islands Real Estate: Q2 2025

In the second quarter of 2025, a total of 214 property sales were recorded, worth US$267 million. This brings the year-to-date total to US$534 million across 411 transactions over the first six months of the year.

By comparison, at the same point in 2024 the market had recorded 462 transactions totaling just over US$550 million, representing an 11% year-over-year decrease in total sales transactions and a 4% fall in total value. We see this as evidence that sales activity is normalising.

The luxury segment remained robust, with four sales recorded at the Residences at Seafire at values between US$2.7 million and US$9.1 million and 35 sales of over US$2 million in the wider market.

"Cayman continues to enjoy strong interest from UHNWI from across the globe, seeking a safe, fun and amazing lifestyle for their families. This is quite evident in the continuous absorption of high-end luxury homes and condos. The luxury sector continues to face a shortage of inventory with more families and individuals moving to island than there are homes available.” says Ewelina Cimring, Provenance Properties real estate agent."

Market Activity Q2 2025

As of July 1, 2025, the Cayman real estate market has recorded 862 new listings year-to-date, with 411 properties sold. The sales-to-listings ratio, a gauge of inventory, is 0.48 - down from 0.52 a year ago, but very close to the historical average of 0.49.

The median days on market - a gauge of liquidity -has lengthened to 225 days from 169 days over the same period last year, probably because single-family homes now make up a larger share of sales.

Condo Sales in Cayman

As of July 1, 2025, the Cayman Islands condo market comprises over 1,000 active listings, with over 60% representing pre-construction or under-construction units, highlighting a sustained focus on new development.

Year-to-date, 451 condominiums have been listed for sale, with 230 units sold and an additional 418 currently under contract. The median days on market for sold units stands at 132 days, indicating a pace of absorption identical to the same period last year.

Total condo sales activity to date is approximately US$237 million, marking a decline compared to the US$315 million recorded by the end of Q2 2024. Prices are still rising in low single digits, so the pull-back in volumes is likely a sign of normalisation.

Condo prices have risen by 4% year-over-year for the second consecutive year—a far more sustainable pace than the double-digit gains seen from 2018 to 2022.

DOKHPI2 condo price index

"We’re seeing real strength across the market right now. Condo prices are up 4%—and the luxury side is holding strong too, with several big-ticket sales, including three at The Residences at Seafire that each topped US$5.7 million," says Antonette Baptist, Provenance Properties real estate agent.

Cayman Rental Market

The Cayman Islands rental prices have decreased by 2% in Q2 2025 compared to Q1 2025 and increased by 3% compared to Q2 2024. In line with typical seasonal trends, we anticipate a continued slowdown through the summer months, followed by a more active fourth quarter. Overall the rental market has started to show signs of stablisation as new inventory is brought to the market to meet the increased demand for accommodation.

Continued Confidence

Prices continue to increase, but at a much more sustainable rate than the increases observed in prior years. Sales activity is slightly lower, yet inventory and liquidity remain broadly in line with past three years.

Our sales team’s exclusive access to Dart’s in-house data analysts allows us to provide up- to-date, accurate, and relevant information regarding the current sales index. This readily available market analysis enables Provenance Properties to stay ahead of industry trends and equip you with the knowledge to buy or sell with confidence. For more information on Q1 data and the latest price change estimates, contact our team today.

Citation:
*Based on data recorded by the Cayman Islands Real Estate Brokers Association (CIREBA) system.
The DOKHPI (Dimitrov O’Keeffe Home Price Index) measures annual condo price changes using a repeat-sales methodology. The index values are subject to change when additional transactions are introduced.