While seeing an increase in the number of U.S. buyers this year, a luxury development on Exuma is nearing $10 million in sales.

In January 2012, Peter Nicholson, president of Give Bahamas Inc. and his business partner, Tyrone Munroe, purchased 31 villas in the Grand Isle resort, Great Exuma.

Since then, Nicholson said he has seen an improvement in sales and the number of U.S. buyers.

In 2013 alone, there has been a surge in American buyers.