There's life in the St. John real estate market.
And there are bargains!
Data from the Multiple Listing Service shows 15 homes closed in the first six months of this year. In all of last year, 20 properties changed hands.
Should the first-half pace continue, a total of 30 homes this year would be the best performance since 2006 when 33 homes were sold.
Bargains? Did you say bargains? The MLS shows virtually every villa sold at a discount to its final asking price. The average difference was 10%.
At one extreme, a $2.25 million villa sold for $1.7 million, 25% off. On the other hand, there was a three-bedroom at Chocolate Hole, which went to contract for $13,500 more than the $999,000 asking price.
For the villa market overall, the average selling price this year, has been $1.5 million. That compares to last year's average of $1.285 million, 17% less.