Real estate update

The Multiple Listing Service has more residential properties for sale than I have ever seen:  72 homes, with prices ranging from $450,000 to $8.4 million. 

By my calculation, the average house offered on St. John is priced at $2.26 million.  Total asking value of the MLS residences … $162.7 million!

Land offerings are numerous, too.  The MLS has 170. There are also 18 condos.  The developer who bought Oscar’s Convenience store, near Fred’s in downtown Cruz Bay, is asking about $450,000 for office condos being built.

1 thought on “Real estate update”

  1. Hi,
    I have a contract on a condo at Grande Isle Resort. My original plan was to sell it prior to completion to make a few bucks. What is the local buzz about that development? The plans look great. See URL above. I would be curious to hear any local feedback!!! Thanks, Jeff

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