Brought to you by Roatan Executive Realty
In 2021, properties are moving faster than ever before. In January 2021, 8 residential homes were closed as compared to 5 in January 2020. Even more impressive is the 10 land listings that were closed compared to just 1 in January of 2020.
Many of our visitors, despite the daunting prospect of international travel in times of COVID, are arriving on island motivated by their desire to find a property and lay the foundations for a transition to island life. If you’re considering purchasing a second home on Roatan, be sure to check out some of our top tips from our blog. Now is also great time to list if you are thinking of selling – buyers are searching!
Ambra Beach House – $100k Price Improvement!
There are some incredible deals and price improvements on Roatan homes at the moment. One of the most notable is a major price improvement of $100k on the gorgeous Listed at $499,000 and with financing available, this is an absolute steal! Book your viewing with us today!
In early November, Honduras was hit by Hurricane Eta, bringing devastating winds, flooding, and mudslides to many regions on the mainland. While we did receive heavy rain and lost phone service and internet for a couple of days, Roatan was luckily spared from most of Eta’s wrath.
The mainland is struggling to recover. Dozens of bridges were washed away and some regions experienced catastrophic flooding and winds in excess of 130mph. The San Pedro Sula airport still remains closed, as it was heavily damaged by flooding.
Unfortunately, Hurricane Iota, a category 5 storm is on a path towards Honduras. If it continues its anticipated course, the additional rainfall and winds will be a worst-case scenario for the already heavily flooded mainland.
If you’re able to donate to the relief effort on the mainland, below is a link to a GoFundMe fundraiser:
If you’re currently on Roatan, there are a number of local businesses that are collecting household goods and non-perishable food items to send over on the ferry.
2020 has been an intense hurricane season – and has even gone into the overflow Greek alphabet for naming. Thankfully, overall on Roatan, we are incredibly blessed to be below the hurricane belt and rarely experience a direct hurricane hit. Hurricanes and safety are a concern for many individuals considering buying property in Roatan, and many people have chosen to live or retire on Roatan versus other Caribbean islands because of our history of minimal hurricanes. With Hurricane Iota looming, we are once again lucky to not be in her direct path, however, we are under a tropical storm advisory.
October Roatan Real Estate News
In October, 9 land lots under $159,000 were sold as well as 10 homes. The breakdown of home prices sold last month was:
|Price Range||Homes Sold|
|90,000 – 99,000||1|
|120,000 – 139,000||2|
|180,000 – 199,000||1|
|250,000 – 299,000||1|
|300,000 – 399,000||3|
|400,000 – 499,000||1|
There are more flights scheduled to arrive on the island. American Airlines has been flying to Roatan from Miami since August and now United has resumed flights from Houston. A new charter flight from Minneapolis on Sun Country Airlines will have weekly flights from mid-December to the end of March. Unfortunately, most of the Canadian charter flights have been canceled for the 2020/2021 season, however, there is still some hope that West Jet may resume in February from Toronto.
As always, if there are any real estate questions we can assist you with, please reach out to us at any time.
The latest from the RER Blog: What is Classic Caribbean Style?
New Listing Alert: Las Sirenas condo in West Bay!
Recently, we started seeing our island start to slowly come back to life, with American Airlines resuming operations in late August and the Utila and Galaxy Wave ferries following shortly afterwards. Curfew hours are easing up and restaurants and hotels are beginning to open their doors again, prepared with stringent biosecurity measures to ensure the safety of their guests.
The Fishing Tournament is Happening!
Our island is beginning to host events again, modified to incorporate proper social distancing measures. On September 27th, there was a road bike race hosted by Roatan Point to Point 2020 that raised funds for the island’s COVID center via fundraising from the 180 cyclists that participated. Roatan’s famous International Fishing Tournament, normally held in September, will take place the 8th – 11th of October, celebrating 20 years of hosting the most anticipated sport fishing event of the year. If you can’t make it to the tournament this time, make sure to follow along the excitement on social media.
September was a busy month for real estate in our ‘new normal’, with several properties going under contract. The Residential market saw the closing of 9 properties in the following price ranges:
Price Range: Sales:
There was also one land sale closed with an additional 12 land listings and 19 residential listings added to the market. Right now, there are some diverse offerings along with some extremely affordable price points for buyers to take advantage of. The affordability of Roatan and motivation of some sellers to won’t last long!
If you’re hesitant about traveling to Roatan to purchase real estate, it is certainly possible to still buy a home or land sight unseen and our team will guide you every step of the way. Our latest blog has a few helpful tips for a few factors that you should be aware of should you consider this route.
Above all, we hope that you and your family are safe and healthy. We hope to see you return to our island soon.
Should you have any questions about Roatan real estate, please reach out to our team.
It’s Back to Business!
The Roatan airport opens to international travel August 17th!
Happy Friday! We have some good news to share today. Our airport is reopening to international flights and Government services have resumed – which means we can get back to business closing real estate deals! While there are still several key details to clarify, the Governer of Roatan, Dino Silvestri, announced this morning that the first international flight to the island will resume with American Airlines on Saturday, August 22nd. Our airport has implemented and tested biosecurity measures and will resume domestic flights on August 10th and open to International flights beginning August 17th. Currently, there are discussions with the Central Government to finalize the requirements and protocols for travelers to Roatan as well as what the local curfew and circulation guidelines will be for residents.An official release from the Central Government is expected over the next several days to communicate requirements to travelers visiting the island. It is believed that international passengers will need to take a Rapid Test before travel and upload the results to a virtual platform prior to departing, plus bring the physical paperwork to present to immigration officials upon arrival. The Galaxy Wave ferry operating between Roatan and La Ceiba hasn’t announced their date to resume operations, but are working on implementing biosecurity measures and should restart service soon.
Business as ‘almost’ usual
This week we had an offer accepted for our client on a condo at Infinity Bay and it has been officially placed under contract. We are working hard to finalize closings on deals that have been pending during the lockdown and closures. If you have been anxiously waiting to return or visit Roatan, we look forward to welcoming you soon! We are thrilled that Roatan real estate is moving again!
For those not ready to travel yet, just let us know if you would like us to view a listing on your behalf and send you a personalized video walk-through tour. You can also join us for a live call, so we can answer any questions that you may have about the property ‘on the spot.’
As expected we saw the market trends since our island went into lockdown on March 15th carry forward throughout the month of May. COVID-19 and related social distancing precautions, restricted movement, and closed borders continued to impact the Roatan real estate market.
However, given the momentum and elasticity of the Roatan Real Estate market going into this pandemic, we are confident that it will recover quickly. We feel this will occur once we are assured it is safe to reduce the social distancing measures and when international flights return to our island.
The light is already emerging at the end of the pandemic tunnel. New listings have recently been added to the market, there have been some sales completed via electronic signings in addition to other listings going under contract. Roatan still isn’t overdeveloped and remains the ‘hidden’ gem of the Caribbean. There is plenty of affordable land for sale, making our island very desirable to foreign investors.
If you’re eager to start seeing properties, we will be able to welcome you soon. In the meantime, send us a message and let us know what features you are looking for and we will send you a hand-picked list of suitable listings.