Everyone wants to know what real estate has been sold in Utila in 2015?
As we come into the last quarter of 2015, where the real estate market in Utila usually slows down, we have arrived at 14 properties on the MLS (Multiple Listing Service) SOLD or Under Contract so far this year. That compared with 100 more in Roatan!
Of those 14 properties in Utila, all of them have been on the waterfront, or very close to the ocean. Probably the most affordable beachfront properties in the Caribbean!
There have been three homes sold ranging in list price between $69,000 - $485,000 USD. The $69K home is a two bedroom home on a small lot, but right next to Chepas Public Beach in the charming area of Sandy Bay. The $485K home is a gorgeous beachfront home with a small pool located in the Tradewinds area of Utila.
Two commercial properties were purchased so far this year with list prices of $190K and $220K. The Venue (www.TheVenueUtila.com) has been renovated to become the best beach bar in Utila with plenty of space, good food and delicious cocktails.
And the remaining 9 properties are all beachfront lots ranging from $25-$160K. The $25K property was purchased as part of a larger beachfront property and actually had an oceanview, not oceanfront.
In comparison with our sister island Roatan, 114 properties have been sold or put under contract so far this year. Of the 114 properties in Roatan:
66 homes were sold ranging in list price from $99,000 for a home built in 2008 on a 0.72 acre lot, to the most expensive home sold in Roatan so far this year was listed at $1.1M for a 4 bedroom, 3 bath luxury home on about a half acre of land.
Land sales accounted for 43 spots ranging in list price from $17,900 for a 0.30 acre plot of jungle land in Gibson Bight to $459,000 for a 100ft of beachfront in West Bay.
And finally, commercial properties sold range from $33K to $430K for a property in Half Moon Bay.
I hope you enjoy the real estate goings-on in the Bay Islands. If you would like more info, please comment or email me and I'll get back to you as soon as I can. But not tomorrow, it's Honduran Independence Day!!! Happy Independence Day Honduras!
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