Another Great Closing!

Is our inventory diminishing?  The number of active homes is now at 169.  It seems  it was just several weeks ago that the number of active residential properties was at 179.  The list price to sale price ratio for this home is at 90%.   This lovely waterfront...

STRESS RELIEF

  The economy and the real estate market appear to be on the upswing!  Today's news reports  "The resilience of the largest U.S. financial firms when tested against a recession more severe than the last one shows regulators have succeeded in pushing banks to build fortress-like...

High Inventories Good For Buyers

This is a great time for buyers as the inventory of  homes, land and condos is higher now than I have ever seen it.   Buyers now can actually have a selection to choose from within their price range.  See numbers below. Homes For Sale = 178 Land For Sale = 271 Condos...

Groundhog Day & Timing the Market

We are so fortunate  on St. John,  no concerns for us on the predictions of spring's arrival, it is always summertime on the island!   The belief that if the sun shone on Groundhog Day, winter would continue, but if it was cloudy, spring would come soon.  This ...

Let’s Get It Sold! Market Supply & Demand

For the past 4 decades, Islandia Real Estate has nurtured global partnerships with the world's most recognized names in residential real estate.  Our affiliation with Who's Who In Luxury Real Estate, has been the longest of all of the agencies on St. John.  Our marketing...

The Time To Hesitate Is Through

............No time to wallow in the mire............... "Average 30-year loan rate in U.S. below 4 percent" The average rate on the 30-year fixed mortgage has dropped to 3.94 percent!  This average matches the lowest on record since the 1950s.  The average on 15 year fixed...

Biggest Sale On St John

The highest price yet for the sale of a single family home on St. John.  "Presidio del Mar"  just sold for $14M.  It was originally listed for $32M then reduced to $18.95M.   Located on the water at Estate Peter Bay the house has a total of 12700 sq ft and six...

Who Says Summer Is Slow?

Some people think summer is a slow time for real estate sales in the VI and think taking their property off the market for a "rest" is a good idea.  I disagree.  Traditionally we contract more properties in the Spring and Summer than in the winter months.  Right now...

2011 Sales History

We have compiled the 2011 2nd quarter sales statistics for St. John.  You can see them on our web site at: https://www.islandiarealestate.com/statsummary.cfm For more information or questions about real estate on St. John, USVI contact Merry  merryvi@aol.com  340...

HOME SALES STATISTICS

For those of you wholike graphs & charts here is the latest from my Colleague, Marty Beechler (he sings  good too). For information about real estate on St. John, Virgin Islands contact Merr y  340 776-6666  merryvi@aol.com   www.islandiarealestate.com