There appears to be some pricing weakness in homes. The average price of a home listed for sale has dropped 16% since July 4th, from $1.9 million to $1.6 million. Now it could be that just one high-priced property was taken off the market, but the numbers are the numbers. The median price of a listed home barely slipped, from $2.2 million to$2.16 million.
Who realized there are 17 condo projects on island? Holiday Homes has developed a map that shows them. It’s on the Web at http://www.holidayhomesvi.com/condos_location.php
Here’s the latest from the Multiple Listing Service.
- Houses: 109 (down 4 from 7/20)
- Commercial: 23 (unchanged from 7/20)
- Condos: 40 (unchanged from 7/20)
- Land lots: 259 (up 11 from 7/20)