Who doesn’t want to live on a beautiful island in the Caribbean? Considering last year’s home sale stats, it seems that more and more people are making that dream a reality.
Forty eight homes sold during 2013 compared to 28 in 2012. That represents a 71% increase … not too shabby. In total, there was more than $50 million in home sales throughout 2013. That’s a pretty incredible number.
The most expensive home sold for $3.5 million in Chocolate Hole while the least expensive home was a studio in Carolina, which sold for $165,000. The average home sale price in 2013 was $1,054,698, an 11 percent decrease from the year before. Things are getting more affordable folks. 😉
When it comes to condos, eight were sold in 2013 compared to nine in 2012. Of those sold in 2013, one unit each was sold at Battery Hill, Grande Bay, Lavender Hill, Palm Terrace and Upper Deck. Three units were sold at Gallows Point.
The total amount of condo sales was just under $5 million while the average condo sales price was $613,688. The most expensive unit was a three-bedroom at Grande Bay and the least expensive was a two-bedroom unit at Battery Hill.
Thirty one land parcels sold in both 2013 and 2012, but the total amount of land sales jumped more than $2 million. The largest and most expensive parcel sold was a 13.44-acre site on Monte Bay while the second most expensive parcel was only .76 acres in Peter Bay. That parcel sold for $2 million. Ten parcels sold for less than $100,000 in neighborhoods ranging from Pastory to Carolina.
More than $12 million of land sold in 2013. The average parcel price was $396,016.
Here’s a map to give you a better idea of where the most expensive home and land parcel were sold:
(We’d like to extend a huge thank you to Gretchen Labrenz of Cruz Bay Realty for compiling these stats.)
There are currently 153 homes, 35 condos and 269 land parcels for sale throughout the island. Want to see the listings yourself? Check out one of these real estate companies:
- 340 Real Estate Co.
- American Paradise
- Cruz Bay Realty
- Holiday Homes of St. John
- Islandia Real Estate
- RE/MAX Island Paradise Realty
- Sold on St. John
- St. John Properties
- Tropical Properties