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.

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