January 2011 with HG Christie
Real Estate Review 
 

Dear Valued Readers,


I hope this finds you well and sustaining your resolutions. Danish philosopher Kierkagaard, said that "life must be understood backwards; but, it must be lived forward." The stock Markets are now hitting long term highs which could give us a very encouraging start to 2011. 

 

At the 2011 Bahamas Business Outlook, the Minister of Tourism and Aviation for the Bahamas, Vincent Vanderpool-Wallace shared the following observation in his *address, "This will accelerate the purchase and utilization of first and second homes on our other islands and make that globally desired idea of living and loving the island life immensely more accessible and immensely more attractive." This thinking has indeed been supported by the activity we have seen recently in the Bahamian real estate market.

 

A heightened level of confidence in the economic sector, coupled with an awareness of the historic nature of recovery and inflation, has helped to drive many recent sales.

 

Recently, at the International Builders Show in Orlando, Florida economists predicted that the 2011 housing market will rebound moderately in the US and will regain even more steam in 2012. In the Bahamas, we are already beginning to see savvy investors take advantage of opportunities they feel will begin to evaporate.

 

A great opportunity, just on the market, is this month's featured property Paradise Found This is a phenomenal estate on Paradise Island.  A must see.

 

While predictions and speculations abound in real estate, especially in the Bahamas, the Bahamas MLS is beginning to provide a source for quantifiable statistical information and solid analytics. Read more on this emerging and valuable tool in an excerpt of Part 1 of a two-part series entitled: "Taking the Temperature of the Bahamian Real Estate Market" penned by Abaco Estate Agent and Appraiser, Dwayne Wallas.

 

Last week, MSN Today cited the pink sands on the beaches of Harbour Island, Eleuthera as one of the most beautiful and curious beaches in the world. I can personally say that visiting Eleuthera is indeed a trip worth taking. As this month's featured HG Christie agent [we're going alphabetically :-)], it is my pleasure to become more acquainted with you.
 

I invite you to also become familiar with HG Christie's Top Producers for 2010. The mastery of valuable skills and employment of lessons learned throughout their careers have led these exceptional agents to success. They truly seem to understand how to keep a watchful eye focused 'backward for understanding', while 'living forward.'

 

As we find our footing on more stable economic ground in the real estate arena, allow HG Christie's esteemed experience, extensive portfolio and knowledge assist you with the "idea of living and loving the island life immensely more accessible" via ownership, as Mr. Vanderpool-Wallace observed.  (*To read Minister Vincent Vanderpool-Wallace's full address click here.)


 

Have a healthy and fulfilling 2011,
 
JohnsigIsland Breeze

John Christie
HG Christie Ltd.

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Feature Property:

Paradise Found

Old World Charm Nestled in a Paradise Island Retreat

JS00146

 
Today there is little left of the days when Paradise Island was truly a Bahamian island which could only be accessed by boat where the few homes represented the grandeur of a bygone era..... Paradise Found is one of those homes.
  • 200 ft. of beautiful beachfront on one side and Nassau Harbour on the other
  • 5000 sq. ft. of living space
  • 2.41 acres of Land
  • A large classically styled swimming pool
  • Two, 2 bedroom guest cottages, one set on the beach and the other on the harbour
  • A "Boat House" on the harbour accommodating live-in staff
  • The property is accessed by water only and serviced by an ample dock with over 200 ft. of frontage on several fingers
JS00146
  • Simple elegance and a perfect design, this house offers stunning views
  • Fireplace, a large family room and dining room
  • Newly renovated kitchen (2010)
  • Four bedrooms, 4 bathrooms - all with views of the ocean or harbour
  • The master suite faces oceanside capturing the "Old Bahamas" perfectly with french doors flowing onto a covered balcony overlooking the beach and the ocean
JS00146

Exclusively offered with HG Christie for $9,995,000.
For the full listing online click: JS00146.

Please contact John Christie at john@hgchristie.com or (242) 322 1041, cell: (242) 357 7572 for a showing or more information. 
HGC Best Opportunity

An Old Fort Bay Gem

 

NS07036 - Best Opp 

Offered exclusively with HG Christie for $2,300,000.  Click here for more information.

Contact Penny Costain at (242) 357-4130 or email at: penny@hgchristie.com

HGC's Featured Agent
 
John Christie, Director and VP, HG Christie Ltd.
 
John Christie

The grand nephew of HG, Sir Harold George [Christie], John Christie is continuing to realize and implement the vision his grand-uncle and father, William [Peter] Christie, began decades ago. John brings the same "Christie Commitment" to the oversight of his family's organization, all while realizing phenomenal success as the company's premier estate agent.

 

As a director, John displays a mindfulness of the timeless factors that helped to establish HG Christie as the largest and most respected real estate company in the Bahamas over 80 years ago. Yet, there is a distinctive modern verve in his approach. 
 

As a broker and real estate agent, John has ascended to one of the country's leading players in the industry. His navigation of the real estate market is effortless and instinctive, bespeaking his impressive real estate lineage. John's keen insights into the market are coupled with an intuitive understanding of people and an amiable personality. This accessibility and seemingly laid-back approach belie the tenacity and savvy his knowledge and experience provide him at the negotiating table. Nonetheless, it is his reputation for being a "good guy" possessing discretion, honesty and ethics, as well as exemplary skills, which have catapulted him as a leader in the real estate industry. Without a doubt, these are some of the key components that has led to John's vast client portfolio consisting of celebrities, high-profile and distinguished clients. John's many successes have been awarded accolades, media spots and vast public recognition; including a turn as the Director for the Bahamas Real Estate Association [BREA] and the title, "The Caribbean's Leading Private Island Salesman".

 

With a consistent focus on enduring principles, while applying savvy skills and in-depth market knowledge, John engages a distinct progressive approach. John's keen eye for innovation has brought continued growth to HG Christie and was the catalyst for the development of the award-winning HG Christie website [www.HGChristie.com]. He passionately and continually seeks to bring the most current market information and innovation to his clients, the HGChristie team and the company as a whole.
 

Born in Nassau, Bahamas, John attended boarding school in Somerset, England, and went on to graduate from Amherst, Massachusetts with a BA in Music and Social Sciences. While living in Boston, John ran a successful business and pursued a thriving career in music leading "The Floating Boats" to regional acclaim throughout the north-eastern, United States. Today, John remains an avid and sought after musician. He has a passion for marketing, photography, sailing, hiking and snow skiing. John resides in Nassau with his wife and their two sons.  
 

John can be contacted at the Nassau office: (242) 322 1041 or email: john@hgchristie.com.
 

In Our Community
 
HG Christie is Proud to Announce the Top Producers for 2010
 

Vicky Knowles - Andrews and Samara Albury

Vicky Knowles-Andrews and Samara Knowles-Albury are the mother and sister, respectively, of tennis professional Mark Knowles. When it comes to successful real estate sales transactions, this dynamic duo is a force to be reckoned with. A former Bahamas National Tennis Champion and tennis professional, Vicky has been with HGChristie since 2000 and she and Samara, affectionately referred to as "Team Knowles", have been Top Producers for HG Christie Nassau numerous times. While Vicky's birthplace was England, the Bahamas has been home for over 30 years and is indeed the birthplace for Samara. Both Vicky and Samara possess exceptional people skills, extensive real estate knowledge and experience, along with a charitable spirit for the Bahamian community. These high achieving ladies are extremely active in local charitable and sporting activities. Their client portfolio consists of celebrities, high-profile and discerning individuals, most of which have come about as a result of referrals from satisfied clients. Customers have expressed their gratitude for their services through accolades such as, "Words cannot express how fortunate we have been to have someone as nice, patient and efficient as you in our corner with helping our dreams come true with our house purchase."  

Their genuine love of, "meeting new people and helping them find their dream home" is an indisputable factor of their success.

                                                                                                                  

Donna Laing-JonesDonna Laing-Jones a native of Grand Bahama joined HG Christie in 2002 and has the distinction of being the top producing agent for HG Christie Grand Bahama every year since 2003. A driving force, Donna is unrelenting in her pursuit of a vision totally inspired by a desire to "make it good for all.". In 2006, Donna obtained her broker's license and is active in many organizations. Currently, Donna is the PIF representative for the Bahamas District of Pilot International, Director for the Pilot Club of Freeport and the Grand Bahama Chamber of Commerce. She is also an active member of Freeport Bible Church. A proud mother of two, Donna is an avid traveller and enjoys expanding her knowledge.  

Donna's extensive knowledge of the real estate market in Grand Bahama, along with her prestigious affiliations and high referral rate speaks volumes to the secret of her stellar success.

                                                                                                                                           
 

Neil Aberle

Neil Aberle has been a licensed estate agent with HG Christie since 2003 and has the distinction of being the Top Producer for Abaco for two out of the past three years [Top Producer for Abaco 2008]. Combining over fifteen years of experience in sales and marketing with a real love for the raw beauty of the Bahamas and a passion for development, Neil has excelled in his real estate career. A 'commonwealth heritage', Australian and British, and an impressive educational background, which includes a degree in psychology and philosophy from Oxford University, provide Neil with an insightful, knowledgeable and affable demeanor. An avid surfer, snowboarder and lover of numerous water sports, Neil resides on Elbow Cay, Abaco, along with his wife and two daughters. Whether the language is English, French or Spanish, Neil is always ready to share his love of the Bahamas and its sustainable development opportunities.
 

Neil's high energy and awareness of current market conditions, has allowed him the ability to effect satisfactory transactions for all of his customers and clients.

                                                                                                                                                                                                  
Rhonda Waton

Rhonda Waton is a native Bahamian with intimate knowledge of her island nation via personal experience and family roots dating back several centuries. Prior to joining HG Christie in 2004, Rhonda's Association with BASRA, the Bahamas Air Sea Rescue Association, allowed her to utilize and expand her love and knowledge of the sea. Rhonda worked closely with several international and national marine-based organizations and received certifications and accolades for her activities during her tenure. Having lived in Nassau and Canada, Rhonda has chosen to settle in beautiful Eleuthera where she has a rich family heritage. Rhonda enjoys taking on the role of "hostess for her community" as she showcases beautiful beaches and azure waters with in-depth knowledge and passion.  

A natural desire to impart information and acquaint visitors and Bahamians alike with opportunities for real estate ownership within her beloved homeland, has been an asset to Rhonda's real estate career. Without a doubt, this is a compelling component to Rhonda's top producer successes.

 

We salute these hard working professionals on their accomplishments!   Congratulations HGC Top Producers!


Real Estate Tips 

8 Useful Buyer's Tips for Your Home Search
 


 
1. Research before you look. Decide what features you most want to have in a home, what neighbourhoods you prefer, and how much you'd be willing to spend each month for housing. Go to www.HGChristie.com for the largest selection of listing from across the Bahamas.

2. Be realistic. It's OK to be picky, but don't be unrealistic with your expectations. There's no such thing as a perfect home. Use your list of priorities as a guide to evaluate each property.

3. Get your finances in order. Review your credit report and be sure you have enough money to cover your down payment and closing costs. Then, talk to a lender and get prequalified for a mortgage. This will save you the heartache later of falling in love with a house you can't afford.

4. Don't ask too many people for opinions. It will drive you crazy. Select one or two people to turn to if you feel you need a second opinion, but be ready to make the final decision on your own.

5. Decide your moving timeline. When is your lease up? Are you allowed to sublet? How tight is the rental market in your area? All of these factors will help you determine when you should move.

6. Think long term. Are you looking for a starter house with plans to move up in a few years, or do you hope to stay in this home for a longer period? This decision may dictate what type of home you'll buy as well as the type of mortgage terms that will best suit you.

7. Insist on a home inspection. If possible, negotiate a warranty from the seller to cover defects for one year.

8. Get help from a realtor. Hire a real estate professional well versed in buyer representation.

 

                                                                                                                                        

"Taking the Temperature of the Bahamian Real Estate Market"

Part One of a 2-Part Series

by Dwayne Wallas

 

Dwayne Wallas

Until recently, the only information a buyer or seller could get on the Bahamian real estate market would be to speak to various real estate professionals. A good agent can provide you with some market comparables and their 'shoot from the hip' personal take, and while first-hand insight is invaluable, up until now, this was the only way to make some determinations as to whether the market was "going up or down."

A good real estate agent is able to provide first-hand knowledge, skills and information that numbers could never offer, however having solid statistical information to support their views and opinions provides buyers and sellers assurance that the information they are receiving is accurate. Enter the Multiple Listing Service (MLS), of the Bahamas Real Estate Association (BREA), which has been fully functional for over 3 years now. Suddenly, there is now the opportunity to provide some data sets for analysis and useable statistics of what is happening in the real estate market of the Bahamas today. HG Christie proudly boasts that members of its sales team have been at the forefront of the development of the MLS and actively engaging this vital and useful tool from its inception. As demonstrated in US markets a multi-listing service allows sellers optimum exposure and buyers the best opportunities available. If your agent isn't a member of the MLS, I strongly suggest you get a new agent.

As a vacillating 2010 drew to a close, and 2011 was ushered in with hope and promise, I decided to compile some real numbers to make available a "temperature reading" of the Bahamian housing market. One of the most interesting stats I've been able to extract from the sales data available on the MLS is the difference in the seller's asking price to the price the property has sold for, and how that has changed over the 3 years. See the table below for the numbers:

Temperature Chart 

It was evident that sales prices came in lower than asking prices during this period, which is to be expected given the economic climate at the time within the Bahamas and rest of the world. What I found, perhaps even more interesting is that the upper tier of the market, over the $1M mark, the selling prices have widened substantially from the asking prices, whereas the more affordable market segments are still able to sell within about 10% of their desired price.

Other notable statistical analysis shows that within the 'under $500,000' price range, the average sale price has risen 9% between 2009 and 2010. Through the price segment of $500,000 to $1M comparative of 2009/2010, the average sale price has dropped 15%. And for the luxury segment over $1M, the average price paid has risen 25%. These numbers would indicate that the median price segment has been hit the hardest and will take the longest to recover, while the affordable homes and luxury homes are showing signs of a rebound. This information supports a perspective that is being presently purported by successful and active agents in the Bahamas real estate market.

It must be pointed out, that this analysis does not take into account certain variables such as: differences between local and foreign buyers, which months or quarters were the hottest, nor does it differentiate between new builds and existing homes. This is a "broad brush" look at what's happened over the past 3 years. Unfortunately, these are the only years we have data for, and year one is a bit blotchy as it was the first year data set and the MLS was not yet fully entrenched. It should be pointed out also that these numbers are for homes only. 'Homes' includes single family, multi family (duplex, triplex, etc.) and apartments (condos, half-duplex, townhomes, etc.). No land sales were considered in an effort to gain a clearer picture and reduce outliers.

In part two of our "market checkup", I will continue to review the findings from a different aspect, as well as provide other interesting information found from the Bahamas MLS. Few things to remember as you consider the information here, I did not look at 'Days on Market' or 'month's supply of inventory'. This is where your knowledgeable and skilled HG Christie agent can assist you in discerning best listing prices and best opportunities on the market. As with anything, the "tool" is only as good as the person who puts it to use. Having the proper skills and knowledge to utilize this information is where your HG Christie agent will excel.

Watch for Part two, which will be published in HG Christie's 2011 February Real Estate Review

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HGC Update

HG Christie's Ripped Chix do it again!

 

HGC 'Ripped Chix'
 Ripped Chix left to right, Allison Lafrenier, Christine Bonaventura, Laurie Tuchel

 

HG Christie's Grand Bahama agent and Ripped Chix team member, Allison Lafrenier, along with her team mates, participated in the second annual Marathon Bahamas held in Nassau on January 16th, 2011.  It was a huge success, with double the participants - and the fun - just in its second year.  

 

With excellent weather conditions, not too hot, not too cold, athletes took part in the Susan G. Komen - Race For The Cure, a full marathon, a half marathon, and a relay race covering the 26 mile distance.  As they said...."Running... Is Better In The Bahamas."

 

Winning the overall title in Marathon Bahamas was German; Simone Maissenbacher.  Carsten Bresser, another German, was the winner of the men's half-marathon. 

 

This year the event was classified as a Boston Qualifier and has become part of AIMS; Association of International Marathons and Distance Races.  For more information visit: Marathon Bahamas.

 

The Ripped Chix are looking forward to doing it again in January 2012.   


Upcoming Events

Don't miss these exciting events!  

 

Friday, January 28 - Saturday, January 30

Tour of the Bahamas Cycling Event - Nassau 

The JAR Cycling Club hosts the "Tour of the Bahamas" cycling event as a part of the International Caliber Cycling Race Weekend and invites juniors, women, masters and pros to come with their families and friends and enjoy a weekend filled with sunshine, island hospitality, international caliber competition, and great Prizes & Awards. Fri, Jan 28: touring ride and reception; Sat, Jan 29: touring ride, individual time trial, circuit race and party; Sun, Jan 20: touring ride, road race. See www.tourofthebahamas.com

 

Friday, January 28

14th Annual Cacique Awards

Rainforest Theater, Wyndham Nassau Resort & Crystal Palace Casino, Cable Beach. Recognizing individuals and organizations who continuously have made a positive impact on the quality and the growth of The Bahamas. 
Cacique Awards

 

Saturday, February 5

Abaco Breast Cancer Walk - Marsh Harbour  

Three mile charity walk begins at 9am. For more information contact Leah Pinder at 242 367 2744.  

Breast Cancer Awareness  

Sunday, February 6
2011 Fashion for a Cause - Nassau
"Fashion for a Cause", a big fashion show that helps HIV/AIDS victims, comes to the British Colonial Hilton in hopes of giving big towards the fight against HIV/AIDS in The Bahamas and providing education, clothes, food, medication and the possibility of shelter for those needing these special services. With your help, hope can be restored and we can change the mind set and outcome of one individual at a time and help in their decision to live a purposeful life again. Show starts 7:30pm. E: donate@fashionsforacause.com. Visit: Fashions For A Cause 

 

Saturday, February 12

Atlantis LIVE: Josh Groban

Atlantis LIVE returns with its first concert of the year featuring Josh Groban, one of the hottest artists in the United States with four multi-platinum albums and a fan base that spans across all generations. See him live, 9pm in the Imperial Ballroom. Doors open 8pm. Cost: $150/premium tickets; $125/reserved tickets. T: 363-6601 

 

Josh Groban

 

 

Monday February 14

Valentine's Day

Remember: Love conquers all.
 

Saturday, February 19
47th Annual Heart Ball
The Sir Victor Sassoon (Bahamas) Heart Foundation celebrates 50 years and invites you to attend the 47th annual Heart Ball at Sheraton Nassau Beach Resort under the theme "Saving Little Hearts for 50 Years, One Beat at a Time". Agenda includes a silent auction, presentation of the Lady Sassoon Golden Heart Award, entertainment by Soulful Groovers, RBDF Dance Band and Ed Brice Orchestra, and an in-house raffle with a prize of a round-trip to London. Cocktails: 7:15pm. Dinner: 8:30pm. Tickets: $250. T: 327-0806.

Saturday, February 19
Greek Festival 2011 - Nassau
Celebrate all that is Greek at the 2011 Greek Festival that includes everything from Greek food, beer, ouzeri, kafenio and cooking demonstrations to a live bouzouki band, dancing and storytelling. 11am-until on the Greek Orthodox Church grounds. Cost: $3/adults; $1/children.
Contact Us Today!

HG Christie Office Directory

 
NASSAUHead Office:
Millar's Court
P.O. Box N-8164 
Nassau, Bahamas
Phone:  (242) 322-1041
 
Fax:      (242) 326-5642
sales@hgchristie.com
 
ABACO


 

Abaco Main Office:
P.O. Box AB-20106
Marsh Harbour
Abaco, Bahamas
Phone:  (242) 367-5454
 
Fax:      (242) 367-5452
 
abaco@hgchristie.com

Hope Town/Elbow Cay
Abaco, Bahamas
Phone: (242) 366-0700
Fax:
(242) 366-0701

hopetown@hgchristie.com

Green Turtle Cay
Abaco, Bahamas
Phone: 242 365 4191
Fax: 242 365 4174
greenturtlecay@hgchristie.com


 

ELEUTHERAEleuthera Main Office:
P.O. Box EL-25148
Governor's Harbour
Phone: (242) 332-3404
Fax:     (242) 332-3406
eleuthera@hgchristie.com

Windermere Island
Eleuthera, Bahamas
Phone: (242) 334-2298
Fax:     (242) 334-2818
 
windermere@hgchristie.com

Hatchet Bay

Eleuthera, Bahamas

Phone: (242) 335-0747

Fax: (242) 335-0747

eleuthera@hgchristie.com
 

EXUMA
 
P.O. Box EX-29122
George Town, Exuma, Bahamas
 
Phone:  (242) 336-2274
 
Fax: (242) 336-2272
 
exuma@hgchristie.com
 
GRAND BAHAMA
 
P.O. Box F-42498/#360
The Mall Drive
(Opposite International Bazaar)
Freeport, Grand Bahama
 
Phone:  (242) 351-8501
 
Fax:      (242) 351-7491
grandbahama@hgchristie.com
 
TURKS & CAICOS

P.O. Box 264
Providenciales
Turks & Caicos Islands

 
Phone:  (649) 231-2110
 
Fax:      (649) 946-5425

sales@hgchristie.com

Since 1922

           
 
JANUARY 2011

In This Issue
FEATURE: Paradise Found
HGC Best Opportunity
HGC Interview with The Agent
In Our Community
Real Estate Tips - Part 1 "Taking the Temperature of The Bahamian Real Estate Market"
Sneak Peek at our Blog
HGC Update
Upcoming Events
 
 
Featured Listings

 
BS10570
BS10570

Bird Cay, South
Berry Islands
 
JS00132
JS00132
Atlantis Harbour,
Club Land'Or
Paradise Island
 
ES11192
ES11192

Governorīs Harbour
Eleuthera
 
NS06697
NS06697

West Old Fort Bay
Nassau

REDUCED

 
JS00138
JS00138

Ocean Club Estates
Paradise Island
 
XS10901
XS10901
Exuma Cays
Exumas

AS11098
AS11098

 
South Winding Bay
Abaco
 
GS07096
GS07096
Lucaya, Bell Channel
Grand Bahama
 
XS11115
XS11115

Little Exuma
Exumas
 
ES11214
ES11214
Finley Cay
Eleuthera
 
NS07039
NS07039
Cable Beach, Oasis
Nassau
 
NS07036
NS07036

Old Fort Bay, Canal Beach
Nassau

BEST OPPORTUNITY

 
NS07127
NS07127

Collins Avenue
Nassau
 
GS03948
GS03948

 
Lucaya, Fortune Bay
Grand Bahama

NEW LISTING

 
ES11144
ES11144

Windermere Island
Eleuthera
 
GS07089
 
GS07089
Lucayan Beach
Grand Bahama

NEW

 
NS07199
NS07199

Westridge Estates
Nassau
 
NS06748
NS06748
Sanford Drive
Nassau
 
NS07212
NS07212

Cable Beach
Nassau
 
AS11552
AS11552
Hope Town/Elbow Cay
Abaco

 
NS07009
NS07009
Skyline Lakes
Nassau
 
GS06632
GS06632

Lucaya, Fortune Beach
Grand Bahama

 
NS06895
NS06895

Coral Harbour
Nassau

 
NS07205
NS07205

Caves Point
Nassau

NEW

 
AS11055
AS11055
Marsh Harbour
 
Abaco
 
AS11496
AS11496
Lubbers Quarters Cay
Abaco
 
GS07058
GS07058

Lucaya Fortune Bay
Grand Bahama
 
ES11219
ES11219
Spanish Wells
Eleuthera
 
AS11513
 
AS11513
Green Turtle Cay
Abaco
 

CS10626
 
CS10626

Hawks Nest
Cat Island

REDUCED

 
AS11534
AS11534

Marsh Harbour

Abaco
 

AS11258
 
AS11258

Cornish Cay
Abaco

SOLD

 

AS11262
 
AS11262

Treasure Cay
Abaco

SOLD

 

ES11174
 
ES11174

Governer's Harbour

Eleuthera

SOLD

 

AS10902
 
AS10902

 
Marsh Harbour
 
Abaco

SOLD

 
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