The Grenada property market
Built from 352 live listings across 6 agents, re-read every night. Asking prices, not sold prices.
$320,000median asking price$1,500 pcmmedian rent5.6%gross yield if you let it$233,333per bedroom260for sale92to rent
What another bedroom costs
| Bedrooms | Median asking price | Step up |
|---|---|---|
| 1 bed | $370,370 | — |
| 2 bed | $500,000 | +$129,630 |
| 3 bed | $450,000 | −$50,000 |
| 4 bed | $1,375,000 | +$925,000 |
| 5 bed | $950,000 | −$425,000 |
Biggest price reductions
Reduced -63.2%
Island Reality Grenada
Land at Crochu, St Andrew – B
Island Reality Grenada
$32,109
Reduced -63.2%
Island Reality Grenada
Land at Crochu, St Andrew – A
Island Reality Grenada
$178,512
Reduced -63.2%
Island Reality Grenada
Casa Robby
Mt. Parnassus, St George · Apartment
$1,104 pcm
33
Reduced -18.2%
Island Reality Grenada
Atrium Apartments
Mont Tout, St George · Villa
$1,800 pcm
New this week
New
Island Reality Grenada
Cottage1
L'anse Aux Epines Main Rd, Lance aux Epi · Apartment
$1,050 pcm
11
Longest on the market
Island Reality Grenada
Commercial Unit at Lucas Street
Lucas Street, St George · Land
$590,000
Measured from the day we first saw the listing, not the day it was first advertised.
Areas
| Area | Listings | Median asking | Median rent | Gross yield |
|---|---|---|---|---|
| St George | 43 | $625,713 | — | — |
| St David | 13 | $1,650,000 | — | — |
| Lance Aux Epines, St George | 12 | $550,000 | $2,000 | 4.4% |
| Petit Calivigny, St George | 12 | $327,272 | $5,000 | — |
| Lance aux Epines | 10 | $575,000 | $1,600 | 3.3% |
| Morne Rouge, St George | 10 | $1,680,000 | $1,100 | — |
| Location: | 9 | $575,000 | — | — |
| Egmont, St George | 8 | $578,760 | $1,250 | 2.6% |
| Fort Jeudy, St George | 7 | $182,278 | $1,200 | 7.9% |
| Point Calivigny Estates Lot | 7 | $493,834 | — | — |
Things worth knowing
Geography
Where is the biggest price gap in Grenada?
The median home in True Blue, St George asks $4,000,000; in Morne Rouge it asks $1,500. Same island, 2666.7× the price.
What would make this wrong: It compares what is on the market, not like for like. An area of large houses will always beat an area of flats, whatever the land underneath is worth.
See what this is built from
What things cost
Which bedroom costs the most in Grenada?
Going from 3 bedrooms to 4 adds $925,000 to the median asking price — more than any other step on the ladder.
What would make this wrong: A 4-bed house is not a 3-bed house with a room added — it is usually a bigger plot in a different place. This is the price of a different kind of home, not the price of a bedroom.
See what this is built from
The market
How concentrated is Grenada's market?
Three agents hold 73% of everything advertised — 129, 96, 35 listings out of 358. 6 agents share the rest.
What would make this wrong: It counts adverts, not sales. An agency that lists everything it is asked to and one that sells everything it lists look identical here.
See what this is built from