The New York Times published a story about the territory’s real estate and how pricing is fairly steady. It quoted Dawn Wheatley, a broker with John Foster Real Estate, saying “The market has leveled off, but it isn’t going down and the reason is a limited supply of inventory. Almost no new housing has been built in more than 20 years, and we’re back to our original client base of second-home buyers from the U.S. The downside is that there are very few homes available in the under-$300,000 range.” Here’s a link to the Times story.
An Online Blog About the Daily Happenings of St. John, USVI