As of February 4, 2021. YoY Percentage Change
St. Croix’s real estate market is booming at the start of 2021! For those hoping for a better year, the market sure is delivering. Homes enter and exit the market within days in some instances if priced correctly and staged well. The $1 million+ bracket has seen multiple closings, boosting sold volume 80% and average sales price 60%.
Condos are performing equally well. While the average sales price is down 8%, sold volume has more than doubled and the number under contract is up a healthy 50% which will surely boost the average sales price in the months ahead.
Land and commercial/industrial market activity yields positive gains as well. Limited residential inventory in the under $450,000 price range has fueled land sales, resulting in a whopping 1,209% increase in sold volume and a 747% gain in the average sales price.
If you’ve been pondering selling, now is a fantastic time. Call us for more detailed market analyses and to get your property on the market!