Home sales appear stronger

Judging from the Multiple Listing Service, the residential real estate business is picking up.  At least eight homes have “Sale Pending” notices on their listings, the most I’ve seen in a long time.  The most expensive property apparently under contract (nearly $3 million) is a new four-bedroom villa at Rendezvous Bay. Features include a pool, spa, media room and gym.  The least expensive is a “cute island cottage” near Coral Bay, priced at $349,500.

In the last six weeks, the average house listing price has risen
slightly from $2.065 million to $2.167 million while the median price
of a house for sale on the MLS has held steady at $1.5 million. The
largest number of homes for sale are in Chocolate Hole, with an
average asking price of $1.8 million.  Carolina (Coral Bay) has 23
homes for sale at an average of $1.2 million.  There are 14 listings at
Rendezvous/Ditliff Zootand 13 in Fish Bay.

On the commercial side, it appears the Cruz Bay Subway is back on the market, at $150,000.  A week ago, the MLS showed a sale pending graphic, but it’s gone now.  Meanwhile, Estate Zootenvaal  (at right), located on the shore of East End’s Hurricane Hole, is offered at $14 million.  It includes four short-term rental cottages and a white powder beach on nearly 5 acres. Web site: http://www.estatezootenvaal.com/

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