I am in the office today and just got off a team call discussing the current real estate market, our current marketing strategies, what’s going on in the world today, what’s going on on St. John, etc.
What is going on? Well, a lot actually! In the past 30 days, 14 homes have gone under contract. The majority of those homes are listed under $1M. The inventory under $1M is changing rapidly. If you were here over the summer and saw a few homes for sale, it is very likely those homes are no longer available.
If you have been watching the market for a while and are ready to pull the trigger, you should act fast! If you are making plans for the future, contact me today so I can set you up to receive automatic emails with market updates. You can get notifications for new listings, price reductions, and pending properties. As we move into our winter season, the residential inventory will change and new homes will become available for sale. The same goes for our condo market as well.
We will most definitely surpass our 2019 residential sales number of 45 homes sold. We’ve already sold 35 homes this year and a total of 25 are pending year to date.
If you are curious about buying on St. John and want to learn more, give me a call to discuss the St. John real estate market in detail. There is a lot to learn plus it is a great island to purchase real estate. If you already own and are looking to sell, my team and I can help with that too! With only two months left in 2020, a lot can be accomplished moving into the new year.