Cayman's Property Market:
Where Prices Stand in 2026

Numbers move fast in the Cayman property market, and 2026 has been a year of them. Between a new government price index, a fresh price-per-square-foot record, and the busiest single quarter on record for transaction volume, there is more hard data available on this market than on almost any other island covered in this series.

The headline number

A US$15.5 million sale at The Watermark on Seven Mile Beach set a new Cayman Islands record in the second quarter of 2026: US$3,875 per square foot for a 4,000-square-foot residence, surpassing the previous record by several hundred dollars per square foot. The same quarter saw the Cayman Islands Real Estate Brokers Association's Multiple Listing System record its highest-ever sales volume, US$412 million across 256 transactions, driven substantially by pre-construction completions at The Watermark and OneGT in George Town.

What the government's own data shows

In September 2025, the Cayman Islands Government launched its first official Residential Property Price Index, tracking changes from 1998 to 2024. Initial data covering condominiums shows appreciation of 517% on Seven Mile Beach, 465% in West Bay, and 402% in George Town over that period. This is the strongest source available on Cayman's long-term price trajectory, since it comes directly from government statistics rather than an estate agency's own transaction data.

Single-family homes versus condos

The average single-family home sale price in 2025 was approximately US$1.29 million across 643 completed sales, with most activity concentrated in mid-market family homes rather than luxury stock. Availability in the George Town and Seven Mile Beach corridor stayed very limited through the period, with the overall average pulled down by more affordable lots further east on Grand Cayman.

Price per square foot, by area

Seven Mile Beach itself shows a wide range depending on the specific property: older, non-beachfront units trade from around US$1,200 per square foot, while new-build penthouses with direct beach access exceed US$2,500, and record-setting individual sales have gone well beyond that. Comparable properties away from the beach corridor, in areas like South Sound or Cayman Kai, typically trade from US$800 to US$1,400 per square foot. Most general apartment stock across the islands falls between US$700 and US$1,000 per square foot, with newer Seven Mile Beach developments commonly exceeding that range.

Momentum going into the second half of 2026

US$700 million worth of Cayman property had already sold in the first half of 2026, compared with almost US$1 billion across the whole of 2025, suggesting the year is on pace to be a strong one by historical standards. For every 100 condominium listings added to the market in the recent period, 97 units sold, against a long-term average of 64 sales per 100 new listings, a ratio that points to constrained supply rather than simply high demand.

A caveat worth flagging

Not every figure in circulation agrees. One industry report puts average days on market for Q2 2026 at 138, down from 152 a year earlier, suggesting a faster-moving market. Another puts the figure at approximately 570 days for the same quarter, up sharply from 308 in the first quarter of 2026. These may reflect different property segments or measurement methods that were not possible to reconcile here, and it is worth asking a specific broker which measure they are using before comparing it against either published figure.

The takeaway

Cayman's market in 2026 is characterised by record individual sale prices, historically tight condo supply, and now, for the first time, an official government index to measure it all against rather than relying purely on brokerage-reported data. For a buyer, that combination points to a market where waiting for a correction has not, on the numbers so far this year, been a winning strategy.