Villa sales pace ahead of last year

To judge by data on the island's Multiple Listing Service, the real estate market is fairly steady compared to a year ago.  By one measure it's showing strength, too.

The number of properties on the MLS is 151, compared to 148 this time last year.  The average asking price is $2.032 million, a 10% decline from a year ago.  The median price of a home is down seven percent to $1.4 million.

240000 There are 50 homes with an asking price of less than $1 million, and 43 with prices of more than $2 million.

On the plus side, the home sales history on Cruz Bay Realty's Web site shows a gain form last year: 10 sold four months into the year versus 20 sold in all of 2010. CBR's Gretchen Labrenz adds there are six more homes under contract to close for sale.

Houses on the island range widely in price.  In Glucksberg, mid-island, you can get a "cute starter cottage" for $240,000. The 1 bedroom, 1 bath home  "comes complete with a split unit air conditioner, tile floors & shower, two year old appliances and hook up for washer and dryer." Get info.


At the other extreme is Presidio del Mar, originally priced at about $32 million, now slashed to $18.9 million.  On a 1.6 acre lot at Peter Bay with "commanding views of the turquoise Caribbean Sea," the 13,000 square foot villa has six bedrooms, six baths, an outdoor kitchen, and a pool room. Get info.

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