In the two months since Maria hit St. Croix, our little island has been through a lot. We are returning to normal and are fielding many inquiries from prospects here and off our shores. So many from afar are interested in how our island fared and what our recovery is like. Those who were interested in property prior to the storm are following up and we are seeing a slew of new inquiries as well. In addition, we have seen that most properties that were under contract when Maria hit, are closing now. (scroll down to read more)
Watch this video of Amy Land-de Wilde, owner of Coldwell Banker St. Croix Realty, offering a market update on the airwaves.
Some of the properties that were listed prior to the storm have been taken off the market while repairs are being made, so we are seeing a steep reduction in inventory in some parts of our market. And although we think it’s inevitable that our winter season may not be quite as robust as it might’ve been, we think that we should all be ready for a bump in activity when our power is more fully-restored. It will still be cold in the US and people will be clamoring for a winter escape.
If you have been contemplating putting your property on the market, we would love to talk to you about current market value and whether it’s the right time for you. Please contact us and we can start that dialogue and discuss the many benefits we can bring to that process. We have not yet seen a big decrease in market value, which we know some anticipated. While we were initially surprised about the lack of coverage of Maria’s effects on St. Croix, in the end it worked to our advantage because the public doesn’t think of St. Croix as a hurricane-ravaged destination. And we are happy the perception of our island isn’t skewed, because the beauty of St. Croix is returning every day and our island spirit remains strong and welcoming.