“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 of Realtors, this month: “Historically high housing affordability and low mortgage interest rates, combined with buyer opportunities in the distressed sales market, have increased home sales in many areas of the country.” Everyone wants to sell at the top and buy at the bottom – easier said than done – but there are signs that the bottom is here. According to National Association of Realtors® Chief Economist Lawrence Yun: “Home sales will be 10 to 20 percent higher the second half of this year than last year and we will come out of this recession in 2010.â€Â Good news for all concerned. Meanwhile, we have a strong buyer’s market here on St. John. The serious buyers know it and are out in force. So if you have been sitting on the side lines, you may want to get back in the game.
