So, how is the real estate market these days? It's definitely a "buyers' market!" There are many great properties and terrific low interest rates - under 5% if not under 4%. According to our local MLS statistics, which do not include private sales, the selling price of houses is averaging 22% below the asking price. With over 300 houses and 180 condos actively listed for sale, "Make an offer" is the buzzword.

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“The 2000s were a great decade for real estate overall” according to forbes.com. even after the housing bubble and mortgage crisis, there is still an average annual gain of 4.3% in value per square foot.

A sample of St. Croix property values indicates St. Croix real estate is appreciating at an even better rate.

In 1999 a typical home in Judith’s fancy sold for $200,000, and today that same home sells for $500,000. That an appreciation rate of 8.69% per year.

At Coakley Bay condos, the average price of a two bedroom condo was $100,000 in 1999, while in 2010 its price is $250,000. That’s also an increase of 8.69% annually.

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Permanent link: Own a Piece of Paradise

St. Croix, the largest of the U.S. Virgin Islands, is rich in landscape, culture and character. The beautiful scenery -- lush rainforests and broad coastal plains -- and numerous outdoor recreational opportunities set against the turquoise Caribbean Sea is testimony to the fact that St. Croix deserves its reputation as a perfect family-friendly vacation spot for second-home buyers and visitors. It's a perfect location for all sorts of outdoor activities from golf on a Robert Trent Jones-designed course, lots of tennis where you can easily get paired with local talent, worldclass scuba diving, kayaking, horseback riding, and fabulous dining.

Continue reading "Real Estate Investing in St. Croix" »

Permanent link: Real Estate Investing in St. Croix

Permanent link: Coldwell Banker

Permanent link: Hamilton Real Estate

Permanent link: Ford Real Estate

Experience the Difference... Service - Market Knowledge - Expertise. A dedicated team of 12 licensed Realtors(R), led by Honnie Edwards, Broker/Owner, we offer friendly and professional brokerage services to buyers and sellers in all price ranges and all types of properties - residential, commercial, land - from cottages to estates, 1/4 acres to 100+ acres, businesses to warehouses. We also offer property management services, commercial leasing, vacation and long term rentals. Our website, www.CalabashRealtors.com has an extensive assortment of properties for sale and rent, as well as valuable resource and general information. Accept our invitation to Experience the Difference and know that you will be working with a company that loves St. Croix and puts its clients and customers first.
Toll free 800-693-5285.
St. Croix Map #66, F'sted Map #2.

Permanent link: Calabash Real Estate - 718-5285

With broker Amy Land-de Wilde at the helm, the professionals at Coldwell Banker Land-de Wilde Realty are eager to help you buy, sell or lease real estate. We offer a host of lovely homes, outstanding building sites, and both historic and commercial properties. Coldwell Banker Land-de Wilde Realty also lists as array of rental properties, ideal for your next dream vacation or long-term lease. From a bungalow on the beach to a villa with a view, we have the perfect property for you. Because we keep up with the latest technology and market trends, our data is accurate and up-to-date. We're "high tech and high touch" and we're here for you. Gallows Bay, Buccaneer Hotel, Gentle Winds.
www.coldwellbankervi.com
Tel. 340-778-7000
St. Croix Map #87, #88, #89

Permanent link: Coldwell Banker Land-de Wilde Realty

"The minute we sat on the gallery of Candle Reef 1, #20, we knew we had found our condo. After searching the entire island for over three years, we found the perfect location adjacent to the sea with a breath-taking view above and beyond anything we had ever seen before. There is very little on the island that can compare. We have been blessed and have enjoyed many years here-- walking straight to the Caribbean Sea to swim twice a day, regular strolls on the beach with pelicans flying overhead, watching the kite-boarders perform and sailboats on their way to Buck Island, enjoying the friendliness of the people here as well as finding peace of mind. We hate to leave, however, we have two other homes in Virginia and it is time to consolidate. We will return and rent because we love St. Croix. And, St. Croix has become our escape when it gets cold in Virginia!"
Tel. 340-690-9628
St. Croix Map #3

Permanent link: Nancy and Ralph Schmidt Condo

On St. Croix since 1986 and associated with Farchette & Hanley Real Estate since 1987, David has been their top producer for 13 years running! He has maintained his status as a top USVI real estate producer since 1992, making him one of the best to work with. David prides himself on working with a diverse group of clients--no sale too big or small. A Broker Associate with the NY Real Estate Firm Prudential Douglas Elliman, David is a permanent resident of St. Croix and is always available to discuss your real estate needs. His website www.fedeles.com, has extensive listings in every price range with detailed information and photos. Work with the best!
Christiansted Map #50

Permanent link: David Fedeles - 773-9892 ext. 18

Dwain and Donna Ford have been selling St.Croix real estate since 1982, enjoy helping make dreams come true, and work hard together for their clients. They also manage homes and offer luxury villa and condo rentals -- something for everyone's budget. So next time you want a "home away from home," call. Prices start as low as $200 a night! We can greet you at the airport, make sure provisioning is there before arrival, arrange for cars, cooks, whatever you need--no limits. Located under Tutto Bene, Suite 103. 800-496-7379.
Christiansted Map #148.

Permanent link: Ford Real Estate Vacation Rentals - 778-8782

Established in 1957, this friendly knowledgeable firm has built its reputation on honesty and integrity. Co-Owners Greg Hamilton and Patrice Kelly have both been honored by their peers with Realtor of the Year awards. With combined experience of over 50 years between them, Greg and Patrice have the experience to assist in any aspect of the real estate transaction. Over the years Hamilton Real Estate has participated in sales of residential, commercial and development properties ranging from small to large. Sales Agent Fortunata Pascal offers dedicated service to Sellers and Buyers alike. Put us to work for You by contacting us by phone or emailing us at HamiltonVI@aol.com.
Christiansted Map #16.

Permanent link: Hamilton Real Estate - 773-3300

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Permanent link: Candle Reef Condo

Permanent link: Farchette & Hanley: Carambola Villas

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