One of the island’s most prominent brokers tells me … there are 91 houses listed for sale … and there are 91 real estate sales people on St. John.
An Online Blog About the Daily Happenings of St. John, USVI
An Online Blog About the Daily Happenings of St. John, USVI
One of the island’s most prominent brokers tells me … there are 91 houses listed for sale … and there are 91 real estate sales people on St. John.
No prolem mon … at $2 million per house with commission of 7% equals $140,000 .. Throw in a land deal at $500k with commission of 10% equals $50,000 for a total of $190,000 income on 2 transactions. Not bad. Last time I was in T&C’s off in July the wall was covered with a big map of the island with lots of little “sold” and “under contract” stickers on it. I suspect the realtors are doing all right at these prices and with this demand. I know that all their newsletter brag about how fast and furious the market is moving and setting new records for the number of transactions.