In one other signal of a warmer market, many patrons have raised their goal worth to the $100,000 to $250,000 vary, from the $50,000 to $100,000 that was beforehand typical, she mentioned.
However she predicted that future worth positive factors might be modest due to an rising provide of newly constructed properties and a surplus of older properties which can be more durable to promote as a result of most patrons need new building to their very own specs, and might get it for about the identical value as an current house.
Ms. Conti attributed her stronger gross sales to an enchancment within the North American economic system, costs which can be considerably decrease than in the USA, Canada or Europe, and the absence of property taxes on the primary $150,000 of a purchase order worth.
Patrons pay 1 p.c yearly on the portion of the acquisition worth above $150,000, she mentioned.
“One of many ‘wow’ components right here is after they know there are properties right here which can be tax-free. That makes an enormous distinction for them,” she mentioned. As well as, Canada prices no particular charges or taxes to abroad patrons of actual property.
Current native listings included a four-bedroom, five-bath home with a pool over about 2,500 sq. toes at Sosua Ocean Village for $297,000, and a 1,000-square-foot, two-bedroom condominium with a shared swimming pool for $150,000, a couple of yards from the seaside within the city of Sosua.
Within the close by gated neighborhood of Casa Linda, a two-bedroom, two-bath totally furnished home totaling about 1,600 sq. toes listed for $249,000.
