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

 

 

 

 

St. Croix Residential Inventory by Quarter

 

Team San Martin
340-773-1048     sold@teamsanmartin.com
www.teamsanmartin.com
*Information is from MLS and deemed to be reliable, but is not guaranteed
St. Croix Condominium Inventory by Quarter

Team San Martin
340-773-1048     sold@teamsanmartin.com
www.teamsanmartin.com
*Information is from MLS and deemed to be reliable, but is not guaranteed

 

St. Croix Land Inventory by Quarter

Team San Martin
340-773-1048     sold@teamsanmartin.com
www.teamsanmartin.com
*Information is from MLS and deemed to be reliable, but is not guaranteed