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Coldwell Banker Thrives in Caribbean
November 5, 2008 by Ray Lester
Lightbourn Realty, a Coldwell Banker franchise, has set up shop in Spanish Wells, Eleuthera. The first resident agent from Lightbourn Realty on Spanish Wells is Lonnie Johnson, former owner of a commercial fishing boat. Johnson’s appointment increases the number of active agents on Eleuthera to four. The estate agent currently has agents and offices located in Bimini, Abaco, Andros, Berry Islands, Exuma, Eleuthera, and Long Island.
“We are on pace for a sizeable sales increase over last year, along with our Coldwell Banker Island Affiliates in Aruba, Cayman Islands, Nevis and St. Thomas,” Lightbourn Realty president Mike Lightbourn said.
Various Coldwell Banker agencies have been experiencing a landmark year, particularly those located in St. Croix, Jamaica, and Turks and Caicos. Bermuda has also reported an excellent year.
“We are very pleased with our performance year to date. As Jim Reed, CEO of Coldwell Banker Island Affiliates just pointed out, the majority of our Affiliates have found a way to work past the doom and gloom being played out in the international media and have even prospered,” Lightbourn said.
He added that the move to add a resident agent to the company fits in nicely with the firm’s plans to expand in the Islands. According to Lightbourn, Lonnie Johnson was an excellent choice due to his diverse skill set.
“Lonnie is hard working and personable, and we are very pleased to have him on our team. We also are excited about the future of Eleuthera,” Lightbourn said.
The Eleutheran
I have a hard time buying in to the chipper tone of this article. I am a little curious to know the details of just how they “found a way to work past the doom and gloom.” From what I understand the market is only getting worse right now and will continue to do so.
I do not disagree with what you are saying Bur Dubai. It does seem odd that they seem to be thriving while everyone else is suffering. I am not sure how they managed that. But in reality I guess that is great for them though. I wish that everyone else was as lucky.
Well my guess is that eventually things will slow down for them. Unless the economy suddenly turns around in the meantime that is. My only thought here is that the places where they are experiencing success are some of the nicer islands in the Caribbean. Maybe that factors in somehow.
That was my thought when I read the article O Gierek. Aruba, Cayman Islands, Turks and Caicos, St. Croix… All are pretty upscale locations. If I was going to buy anything in the Caribbean it would be in an area like these. Although at the moment I have a hard time justifying the investment in these areas as well.
Well I guess if you have the extra funds and you want to purchase a second home these areas would certainly be good places to look. Also if you want an investment property these are also great places to look as tourists flock there every year for vacation. I would think it would be easy to justify the investment.
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