Report and Graphs of St. Croix Real Estate Sales

Three Month St. Croix Real Estate Market Report

November 2009 – January 2010

How does the real estate market compare to a year ago?

Residential

Period	Homes sold	Total $ volume	Average Sales Price	Lowest sales price	Highest sales price
11/08 – 1/09	21	$8.2 Million	$392,000	$82,000	$1.2 Million
11/09 -1/10	27	$11.2 Million	$416,056	$120,000	$1.5 Million

All the indicators signal a market on the upswing; more homes were sold at a higher average price than a year ago during this period.

Condominium

Period	Condos sold	Total $ volume	Average Sales Price	Lowest sales price	Highest sales price
11/08 – 1/09	11	$3.2 Million	$288,682	$49,000	$1.377 Million
11/09 -1/10	7	$1.6 Million	$233,786	$65,000	$437,500

All the indicators, with the exception of the lowest sales price, signal a market still in transition. The next 3 months, traditionally our highest sales period for second homes, should be interesting!

Land

Period	Lots sold	Total $ volume	Average Sales Price	Lowest sales price	Highest sales price
11/08 – 1/09	31	$1.6 Million	$50,061	$25,000	$138,000
11/09 -1/10	26	$1.6 Million	$61,878	$20,000	$200,000

The land market is sending a mixed message – total market dollar volume is the same, but fewer lots were sold during this period last year. Both the average sales price and top sales price have shown a healthy increase since last year at this time. The lowest sales price is 20% lower than last year at this time, which indicates there are still some bargains on the market.

Prepared by:

Julie San Martin

Team Manager