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I have heard that the housing market in Saint Croix is terrible. Has the house prices been falling for some time now? I was also told that housing for sale is just not selling and it is 100% a buyers market if you can even find a buyer. Houses have been on the market for years I am told.
Is this true? I have been thinking of moving there this year but now it seems it may be the wrong thing to do. Talking to realtors is one sided for sure.
Thanks, Eva
Posted : January 19, 2003 3:47 pm
While a realtor may have a biased background on this topic all you have to do is to ask for their sale/sold stats. Realtors have the data on how many properties, by type and other defaults, they have listed, how long they have been listed, and what kind of activity, if any at all, has taken place. While some raltors may be biased, it'd do us more good if we know what to ask for. I can tell you the market, I believe in all of USVI, is very, very sedentary. St. Coix' activity's picking up a bit as newer executives of mainland companies that have opened up branches in STX are moving in. All in all, land's moving at a snail's pace down there. If you got the equity, and can qualifty, this is you/buyer's time.
Pivar Real Est, Farchette & Hanley, and Re/Max are couple of the older realtor offices on STX.
Good luck.
Posted : January 20, 2003 9:01 pm