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Better Homes & Gardens MCR Bahamas Sweeps Brand Global Awards – Again Despite softening, Bahamas property market still hot with demand for more inventory

Tue, Feb 27th 2024, 10:23 AM
About Bahamians Business

Strong demand for luxury property helped propel three local real estate superstars to coveted spots in the annual Better Homes and Gardens Real Estate (BHGRE) global performance awards. Timothy Smith and Mario Carey, partners in Better Homes and Gardens Real Estate MCR Bahamas, and sales associate Livingston Brown took home top honours in the international awards, the trio placing the local firm among the top-ranked real estate firms in a franchise brand with a sales force of more than 13,000 people across the globe.

Smith ranked in the top one percent for the second consecutive year, earning Emerald Elite Founder’s Club status. Brown, who was in the top 15 percent in 2022, climbed up to Platinum status signifying he ranked in the top six percent. Firm founder Mario Carey won Silver for placing in the top 15 percent.

Despite being overall top producer in his firm for two years followed by his two-time performance in the top one percent worldwide, Elite status winner Smith turns the attention away from himself to shine the light on the market he sells.

“There is still a strong demand for property, especially luxury waterfront property, in The Bahamas,” he said. “It has self-corrected to some degree, softening, it is not what it was during COVID, but it remains a very active market.”

The problem, he and others say, is inventory.

“There are a lot of buyers out there but there’s not a lot to buy in many of the high-end communities,” said Smith.

Both Smith and Brown credit Carey, declaring his leadership and team culture created the pathway to success.

“I am profoundly grateful to have achieved Platinum status, an achievement that would not have been possible without the mentorship and support of my broker, Mario Carey. His leadership, sharp knowledge, sales skills, and unwavering work ethic have been instrumental in shaping my success,” said Brown, who was the firm’s top producer in 2023.

Carey opened the first international franchise of the Better Homes and Gardens Real Estate brand in 2017. The local office has walked away with honours every time they have been presented since.

“For one firm on a small island nation like The Bahamas to rank with top performers in major urban areas with robust markets speaks volumes about the both the desirability of The Bahamas and the ability of our MCR Bahamas team,” Carey said. “I am proud of what Better Homes & Gardens MCR Bahamas team has done and equally proud to be Bahamian in a market that continues to draw those who could go anywhere but choose The Bahamas for where they want to live or have a second home.”

Smith agrees, calling the company ‘agile, constantly monitoring trends, analyzing and adapting.’

“When you consider what we are accomplishing locally and you put that in global perspective, we in The Bahamas stack up at the top of the list,” Smith said. “That’s a lot to be proud of.”

With a head office in Nassau, BHGRE MCR Bahamas is expanding its Family Islands network with new associates and estate agents.

Strong demand for luxury property helped propel three local real estate superstars to coveted spots in the annual Better Homes and Gardens Real Estate (BHGRE) global performance awards. Timothy Smith and Mario Carey, partners in Better Homes and Gardens Real Estate MCR Bahamas, and sales associate Livingston Brown took home top honours in the international awards, the trio placing the local firm among the top-ranked real estate firms in a franchise brand with a sales force of more than 13,000 people across the globe.
Smith ranked in the top one percent for the second consecutive year, earning Emerald Elite Founder’s Club status. Brown, who was in the top 15 percent in 2022, climbed up to Platinum status signifying he ranked in the top six percent. Firm founder Mario Carey won Silver for placing in the top 15 percent.
Despite being overall top producer in his firm for two years followed by his two-time performance in the top one percent worldwide, Elite status winner Smith turns the attention away from himself to shine the light on the market he sells.
“There is still a strong demand for property, especially luxury waterfront property, in The Bahamas,” he said. “It has self-corrected to some degree, softening, it is not what it was during COVID, but it remains a very active market.”
The problem, he and others say, is inventory.
“There are a lot of buyers out there but there’s not a lot to buy in many of the high-end communities,” said Smith.
Both Smith and Brown credit Carey, declaring his leadership and team culture created the pathway to success.
“I am profoundly grateful to have achieved Platinum status, an achievement that would not have been possible without the mentorship and support of my broker, Mario Carey. His leadership, sharp knowledge, sales skills, and unwavering work ethic have been instrumental in shaping my success,” said Brown, who was the firm’s top producer in 2023.
Carey opened the first international franchise of the Better Homes and Gardens Real Estate brand in 2017. The local office has walked away with honours every time they have been presented since.
“For one firm on a small island nation like The Bahamas to rank with top performers in major urban areas with robust markets speaks volumes about the both the desirability of The Bahamas and the ability of our MCR Bahamas team,” Carey said. “I am proud of what Better Homes & Gardens MCR Bahamas team has done and equally proud to be Bahamian in a market that continues to draw those who could go anywhere but choose The Bahamas for where they want to live or have a second home.”
Smith agrees, calling the company ‘agile, constantly monitoring trends, analyzing and adapting.’
“When you consider what we are accomplishing locally and you put that in global perspective, we in The Bahamas stack up at the top of the list,” Smith said. “That’s a lot to be proud of.”
With a head office in Nassau, BHGRE MCR Bahamas is expanding its Family Islands network with new associates and estate agents.
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