Now is a great time to buy an island home! You may think I’m referring to getting away from icy commutes, the polar vortex or shoveling your driveway. Nope! It’s all about the real estate market. The fact that it’s a breezy 82 degrees as I write this is just the cherry on top!
Caribbean Journal recently asked me a few questions about how to actually go about buying an island home for an article, How to Buy a Home in St. Croix. One focus of the article is what the real estate market on St. Croix is like right now.
We’re definitely seeing an increase in house, condo and property sales here on island. Homes and condos in the $350,000 to $800,000 range are seeing the most interest. As I mention in the article, it’s still a buyer’s market, though properties are selling faster, resulting in a narrowing inventory in some sectors.
You can see in our most recent St. Croix Real Estate Market Watch, sales for all market segments are up from 2015.
If my answers in the article tempt you to explore purchasing an island home, just give us a call! We’d be happy to answer your questions about buying real estate on St. Croix.