St. Croix Real Estate Market Statistics Sept. 2008

For those of you wondering what's been happening in the St. Croix real estate market in the last 6 months,  here are some stats you might find interesting:

HOMES:
62 home sales (closings) in last six months. Average sales price $472,702; median sales price $365,000. Average difference sales price to list price - $68,452. Average DOM = 238.

About a quarter of these homes were under $200,000. About a third were between $200,000 - $400,000. Nearly 10% were in the $400,000 - $500,000 range. Twenty percent were between half a million and a million, and nearly 10% were over one million.

Currently, there are 224 houses on the market. Only 10 % are under $200,000 - and many of these are just "slabs" or partial constructions. About a third are between $200,000 and half a million, and another third are between half a million and a million. That leaves about one-fourth of the homes listed at a million or more. There is a real need for nice, decent "low end" homes here, but if you're in the market for a high end home - there's plenty to choose from!

CONDOS:
56 condos closed in the last six months. Average sales price $222,691; median sales price $176,250. Average difference sales price to list price - $21,539. Average DOM = 217.

Most of the condos sold (nearly two thirds) were under $200,000. About 30 percent were between $200,000 - $400,000.

Currently, there are 162 condos on the market. about 42% of those are under $200,000. There are no new condo complexes on the market, and the least expensive condo here i

LAND:
241 land sales in last YEAR. Average sales price $154,295; median sales price $53,000. Average difference sales price to list price - $25,569. Average DOM = 307.

Nearly 75% of the sales were parcels under $100,000, and about 70% were an acre or less. Slightly over 20% of the sales were between one hundred and five hundred thousand. Four percent of the sales were over half a million, and over 15 acres.

There are some great buying opportunities now in St. Croix.  Our economy is strong and improving, and there will always be demand for housing in Paradise.  Contact me for details, my Relocation or Retirement Packages.  And Developers - we need you!