As of September 23, 2019. YoY Percentage Change
St. Croix’s market continues to be very healthy! Buyers are out there and with the dearth of residential inventory, condos and land are performing very well.
The average sales price of land increased a healthy 16% over the same time period last year and sales volume rose a staggering 68%. After years of a relatively flat land market, this is a welcomed shift.
The numbers for the residential sector also point to a strong market. The low inventory has driven a negative gain in the number of units under contract, but with an increase of 15% in sold volume and 16% in the average sales price, it’s evident this segment of the market is still moving in the right direction.
Similarly, condos performed well in this period. The number of units sold jumped 39% and though the average sales price increased a modest 2%, sold volume rose by 35% indicating a thriving sector.
Finally, the island wide positive economic outlook is driving the impressive gains in the commercial/industrial sector.
