Sales Reveal Tremendous Opportunity for Buyers
Have you priced quality living recently? What value do you attach to waking up to the gentle sound of ocean waves, a warm breeze touching your skin, rays of tropical sunshine coming through your window?
You might be surprised at how affordable it has become to make your Caribbean dreams a reality right now on St. Croix, USVI.
Why St. Croix, USVI?
Highly-regarded online magazine, Islands.com, consistently rates the US Virgin Islands as “one of the best islands to live.” A no-passport-necessary, English-speaking, exotic location governed by US law, St. Croix often surprises visitors with it’s laid-back, welcoming feel and general livability.
“I could actually live here,” the befuddled traveler often realizes about mid-way through their Caribbean getaway. Phone calls are made, housing is secured and suddenly, St. Croix welcomes a new islander.
Often, once their transition to island life is complete, those who have made St. Croix their home say this island is the perfect choice for them – not so touristy but large enough to offer diversity and many stateside conveniences.
St. Croix is going through its own transition right now. One of its largest employers has closed (HOVENSA L.L.C.) and many of those specifically trained in refining have found themselves leaving island to continue their careers.
That transition, coupled with a still-recovering U.S. economy, has provided unprecedented housing market opportunities on St. Croix.
On the flip side, St. Croix is unveiling a new internet infrastructure that will give the 84-square-mile island more internet bandwidth than New York City. The timing for this initiative is spot-on – planting the seeds for a perfect remote work locale.
Hundreds of remote employees and business owners have discovered this secret and are spending their 9-5 life reporting to stateside jobs as always. Their weekends, however, are the stuff most of their colleagues pack into two short weeks a year. Monday’s virtual water cooler chatter for these folks is filled with stories of swimming with dolphins, sighting sea turtles, boating, diving or deep sea fishing.
Regardless of what brings you to St. Croix, why you decide to stay or how you will make the most of your time here, the real point is that timing is everything and the time to find stellar deals on St. Croix property is now.
Examples of Value in the Market
An outstanding and rare 1.36 acre beachfront property in the exclusive, gated community Estate Shoys was listed at $995,000 and sold for just $400,000.
The buyer really scored with this purchase, which included full architectural drawings for a magnificent 3,700 square foot home with a pool.
We saw another great example of value in the market with the sale of this breezy, 3/2 home in Sion Hill. It sold for just $225,000. Surrounded by beautiful mahogany and palm trees, this newly constructed and concrete home makes for a very relaxing and quiet retreat. Not long ago, it was not possible to find a desirable family home for less than $350,000 – they simply were not available.
In another pending deal, a home on a one-acre property is under contract after having been listed at a perfect price of $349k. This gracious hilltop home with dramatic views of Christiansted town, Buck Island and North Shore could serve as a fabulous family, a great vacation villa or a very comfortable second-home.
St. Croix properties are very diverse and we are witnessing an exciting buzz surrounding the opportunities across all geographic locations and market segments.
Interested in a luxury home, a condo, a commercial property, a fixer-upper or undeveloped land? Seeking a hilltop perch or do you prefer to be steps from the water?
Guess what? It’s available. And probably at a price that will surprise you.
Blue Sky Real Estate represents large and small Caribbean real estate properties located all over St. Croix, St. Thomas, and St. John, US Virgin Islands. We are focused on what you need and stick by your side to get the deal closed. Contact our agents today and let us learn more about how we can help you realize your Caribbean dream.