Strong Gain in Existing-Home Sales Maintains Uptrend

  Washington, August 21, 2009 For the first time in five years, existing-home sales have increased for four months in a row, according to the National Association of Realtors®. Existing-home sales – including single-family, townhomes,...

Uptrend Continues in Pending Home Sales

Trunk Bay - St. John, U.S. Virgin Islands  Pending home sales are up for the fifth consecutive month, the first time in six years for such a streak, according to the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator...

NEW CONDOS ALMOST FINISHED

  The Mango Terrace Condos should be finished by August and are well worth the wait.  Top quality construction, stainless appliances, granite counters, travertine floors, wi-fi, central air and private laundries are just some of the features of these beautiful...

the place is St. John and the time is NOW!

   "Coral Bay Casa"  MLS# 07-1  St. John, U.S. Virgin Islands - offered at $875,000. Pending U.S. Home Resales Surge 6.7% in April: "Record low mortgage interest rates boosted pending home sales for the third consecutive month, with some...

The buyers are back in town…

"Calypso By The Sea" - a beachfront home in tranquil Johnson's Bay Estates.  Offered at $1.7 million. If the increase in recent showings is any indication, St. John Virgin Islands real estate my be heating up once again.  According to the National Association...

A TIME FOR BARGAINS

I apologize for the paucity of Blogs recently but we have 2 agents off island and the rest of us are wonderfully busy with showings.  As I have mentioned before though our market is holding up well there are a few real bargains to be had right now.  A waterfront...

ST JOHN SALES STATISTICS FOR 2008

Sales statistics for the St. John Multiple Listing Service are now available for viewing on Islandia's web site at: https://www.islandiarealestate.com/statsummary.cfm  We are pleased that Islandia was the top selling agency on St. John in 2008, we  made...

FED RATE CUT

Earlier today the Federal Reserve cut the Fed Funds rate by a half percentage point to 4.75%, citing turmoil in financial markets as a threat to economic growth. How will this affect real estate prices? Rising rates was one of the leading causes of the slow down. Lower rates...

Some encouraging news…

Housing Bounces Back: Here are the Signs Several factors suggest that housing is looking better, after a year when a slump has had a hold on not only housing but also economic growth in general. Here are some of the signs that things are starting to look up: Sales of new...

A TIME TO REAP, A TIME TO SOW….

A TIME TO BUY or A TIME TO SELL? Greetings from St. John. How things have changed in a few short years. The St. John Real Estate market has slowed substantially from its peak in 2004. On April 18th in 2004 The St. John MLS showed only 43 homes and 120 lots for sale. Today...