2014 was, overall, a great year for the market! Homes are flying off the market demonstrated by the 33% rise in sold volume and a 4% rise in average sales price. We are all encouraged by these numbers!

Even though the average sales price of condos dipped a bit, the increase in the number of units sold and the sold volume is just staggering! Banks have loosened credit and the second home buyers made a strong comeback in 2014!

Land made an amazing comeback in 2014! After literally years of just flat performance, the average sales price of land has jumped a whopping 46%! Despite the decrease in the units sold, the signs are clear - buyers see the value in St. Croix’s market and its future!

A clear barometer of economic growth, the commercial/industrial sector, despite a drop in average sales price, displayed positive results – buyers are investing in this sector as indicated by a 200% increase in the number of units sold and an 86% increase in sold volume. Buyers are showing real confidence and grabbing deals while they last!

Call us at 340.719.1409 or email us at info@blueskyvi.com for more market analysis and to help you make your dream come true in 2015!

Visit Us On FacebookVisit Us On TwitterVisit Us On YoutubeVisit Us On PinterestVisit Us On Instagram