The number of residences for sale has climbed to 83, another record, continuing a trend since the summer. A year ago, 63 houses were offered on the Multiple Listing Service. The median house asking price is $1.695 million; the average is $2.059 million, down $50,000 from the $2.1 million average a month ago. In the past month, the number of land listings has increased from 192 to 195. Condominiums offered for sale have risen from 21 to 25.
An Online Blog About the Daily Happenings of St. John, USVI
Listings going up. Prices dipping. Must mean something!!! Just not sure when the right time to jump in is. Is it at $1.2 million or $1.8 million at the high side.
Or should I just continue to spend $4,000. a year on renting. Based on $1.2 million it would be 300 years till I discover my vacations were wasted money. Oh wait, 150 years if I go for a month a year.
Oh, that’s right, but I don’t build up any equity!!