fbpx

Real Estate update, 12/13/04

The inventory of homes for sale on the island’s Multiple Listing Service increased six percent in the past week, ending with 54 available properties. Three homes were added.  The new residences include a $999,000 3-bedroom/2-bath at St. Quaco & Zimmerman, a 5-bedroom/4-bath with pool house overlooking Contant was re-priced lower by $200,000 at $1.199 million, a Concordia home featuring 3-bedrooms/2-baths and a pool and a $4.2 million 5-bedroom/5.5 bath property with pool at Sans Souci
In the other market segments land offerings decreased by 1 to 147, one condo came off the list bringing the number available now to 6, one timeshare was added to make the total available 94, and there was no change in the number of commercial or business listings.

Real estate update: 12/7/04

A $4.2 million, 5-bedroom/5.5 bath with pool and hot tub at San Souci moved off the Multiple Listing Service this week, but has not been sold.  The property was listed, didn’t move, and so it’s been taken off the market, according to Diana Beam at RE/MAX Island Paradise Realty. "They usually get renewed and placed back on the market," she said in a comment to NewsofStJohn.com.

On another side of the properties balance sheet, two came onto the market, boosting the public listings to 51, up two since last week. This is another high water mark for inventory. Newly-offered are a 3-bedroom/2-bath with pool property at Fish Bay for $1.2 million, and .6 of an acre at Chocolate Hole, offered for $1.75 million – the MLS had no details on the building.

Otherwise, as the inventory of homes swells in advance of the winter season,  land listings dropped by one to 148, while all was unchanged among condominiums (7), timeshares (93) and businesses (9).

Real estate update: 11/29/04

Stuffed fuller than a Thanksgiving turkey is one way to describe the inventory of residential properties on St. John right now.  There are more listings on the Multiple Listing Service than I’ve seen in a year.  An economist could be expected to say the result could be some softening in pricing, especially in the $1 to $2 million range.  But that’s between you and your real estate sales person.  (The island’s full of good ones.)

In the past 10 days, two properties came off the MLS and four were added, leaving a total of 50 homes.  Both houses removed were below the island’s median home asking price of $1.399 million.  They included a 3-bedroom/2-bath residence in Mandahl and an unfinished $895,000 Chocolate Hole, 3-bedroom/3-bath house.  Added to listings were an $829,000 Carolina 4-bedroom/4-bath, a 2-bedroom/2-bath with no pool at Enighed for $1.2 million, a 4-bedroom/4-bath Fish Bay property with no pool, at $1.85 million, and a 4-bedroom/3.5 bath with heated pool in Carolina, listed at $3.15 million.

The MLS inventory of land offerings increased by three, for the second week in a row, to 149.  Condo listings were steady at 7, timeshares also even at 93, and business/commercial properties unchanged at 9.

Real estate update

MlsLots of listing, not much selling.  In the past week, five properties have been added to the Multiple Listing Service.  Three are in Coral Bay, one’s mid-island at Annaberg, and the most expensive is out near Maho Bay – a  4 bedroom/4-bath with pool property on 9 acres, priced at $11.5 million.  That’s the second offering above $10 million.  The other is the $13.9 million 4-bedroom/4-bath Peter Bay Cliffhouse.  Nothing’s come off the MLS, so as of Monday morning, there were 48 residences available, 14 of which are priced under $1 million, and 16 between $1 and $2 million.

Listings are also up for land parcels, a gain of three to 146.  There was one less condominium offering as the list now shows 7 properties.  There was no change for timeshares, 93, or business/commercial properties, 9.

By the way, note that we’ve added real estate ads in the right column.  It’s a natural to be advertised on the News of St. John, as are villa rentals and island services.  If you’d like information about how to market your business here, e-mail [email protected].

Real estate update

The real estate market continues to observe island time: a little gets done here, a little gets done there, but not much overall.  The latest Multiple Listing Service shows 43 residential properties, the same as two weeks ago. A $1.565 2-bedroom/2-bath with pool at Saunders Gut came off the MLS, while a $795,000 2-bedroom/1.5 bath, no pool property at St. Quaco and Zimmerman was added.

The Commercial Listings gained a property. Adding more focus on the growing commercial development of Coral Bay, the site of the old Pickles Deli, near the triangle turn, is being offered at $2.45 million.  "Use of the name not incl," according to the MLS.

In other categories, the inventory of land increased by five lots to 143. Condominium offerings, up 1 to 8, timeshares increased 10 to 93, and commercial/business properties now total 9.

Real estate market update

For the second time in a month, the asking price of a multi-million dollar home on St. John has been reduced. Originally listed at $3.25 million, a 2-bedroom/2-bath with no pool, 12-year-old Peter Bay property has been cut to $2.975 million, according to the Multiple Listing Service. Otherwise, there was little market action. No homes taken off the MLS, nor any added. The week ended with 43 properties on the market. In other categories, the inventory of land increased by two lots to 138. Condominium offerings were steady at 7, timeshares increased 2 to 83, and commercial/business properties were unchanged at 8.

Real estate update

It’s been quiet for the last week, with only one property coming off the Multiple Listing Service and no new residences being added. A 4-bedroom/3-bath property in Carolina, priced at $2.9 million, came off the market, leaving the MLS with 42 residences being offered. In other categories, the number of land parcels listed rose by 3 to 136, condominiums were unchanged at 7, timeshares increased by 4 to 81, and commercial properties were unchanged at 8.

Real estate report

Median house priced at $1.4 million

It may be the off season, but there’s lots of real estate activity on St. John. Since our last issue, 5 properties came off the Multiple Listing Service while 9 were added. The bulk of the new listings have asking prices between $1 million and $1.6 million. The median listed house is asking $1.399 million. There are 41 properties available, a relatively high number.
Carolina
Among the new listings are a 1-bedroom, 1-bath property in Carolina for $575,000 (pictured); a 22-year-old 3-bedroom, 3-bath residence in Fish Bay for $1.1 million, and a new 2-bedroom/2-bath/pool house in Carolina at $1.5 million.

On the commercial side, Dr. Cool apparently decided he’s got a hot business. Originally listed for sale at $250,000, this island air conditioning service is now asking $350,000, according to the MLS. Mongoose Junction’s Wicker, Wood & Shells gift shop is being offered at $295,000.

Gym in Paradise for sale

Gym
Gym in Paradise, on the third floor of the Marketplace is being offered at $300,000 by Holiday Homes, added to the Multiple Listing service in the past week. Meanwhile, the Wicker, Wood & Shells, gift shop at Mongoose Junction I came off the listing.

On the residential side, one home came back on the market, while another property’s price was cut. The returning property is a 3-bedroom, 3-bath property which, from its offering photos, looks to be under construction. Asking price is $895,000. Meanwhile, a newly-completed 3-bedroom, 3.5 bath house with waterfall (!) overlooking Rendezvous Bay was repriced on the MLS at $2,250,000, down almost $350,000.

The overall market’s statistics: 37 residential listings, one more than last week; 123 land lots, unchanged; 9 condos, also unchanged, and 94 timeshares, also steady.

Voyages de St. Jan for sale

Real Estate, St. John USVI 9/20/04
Voyages
Despite the fact the island was kind of shut down from Tuesday on, due to Tropical Storm Jeanne ("The wind and rain machine"), some business did get done.
A 3-bedroom, 3-bath property in Chocolate Hole came off the Multiple Listing Service.  The newly-constructed property was listed at $895,00, but if memory services, it’s not a completed project.  In other words, a DIYer for $900K.

The biggest news is the listing of Coral Bay’s upscale Voyages de St. Jan.  But instead of being offered as a commercial property, the owners are emphasizing the fact there’s a 4-bedroom, 3-bath residence on the floors above the restaurant.  The listing asks $2.95 million for the property which an optimist could buy as a home and then hope to lease, or even operate, the restaurant business below.  There was one other new listing, too, a 12-year-old 3-bedroom, 2-bath with pool property in Enighed.

Read moreVoyages de St. Jan for sale