Jun 21, 2024 | Island News
We are excited to hear about Seaborne Airline’s addition of the new aircraft and overhaul of the existing seaplanes! According to Seaborne’s general manager as reported by WTJX, the new fleet will result in more connectivity and reliability when it comes to inter-island travel and allow Seaborne to expand its operations throughout the Caribbean. The new seaplane will be operating between St. Croix and St. Thomas.
Read the full article here.
Photo from WTJX
Jun 21, 2024 | Island News
The U.S. Virgin Islands is considering expanding its maritime capabilities with a new shipyard in the South Shore Trade Zone (SSTZ) on St. Croix, according to the V.I. Economic Development Authority, which commissioned a feasibility study conducted by First Marine International, a subsidiary of Royal Haskoning DHV. The VI Consortium reported recently that a feasibility study indicates a new shipyard could substantially increase employment and economic benefits in the U.S. Virgin Islands. The article points out that while the study concludes the economic viability of the shipyard, it recommends further evaluations concerning capital expenditures and exploring alternative funding sources before proceeding. The potential for private sector involvement and the development of a skilled workforce through local training and apprenticeships are seen as critical elements for the shipyard’s success.
The possibility of the shipyard bringing significant boost to local economic growth is fantastic news. Read the full article here.
Photo from VI Consortium
Jun 21, 2024 | Reports
Monthly sales data, inventory, and days on market for the St. Croix, USVI real estate market is available in our downloadable Coldwell Banker real estate reports. The is a report for each category: Homes & Condos, Condos, Homes, and Land!
If you are not familiar with with the implications of the data, please give us a call or email us directly with any questions. We are Accredited Buyer’s Representative (ABR) and Seller Representative Specialist (SRS) and have the experience and local knowledge to help you in every step of the process. We can help you narrow down neighborhoods based on your priorities. We can also advise you on the market trends in your desired neighborhoods.
Open reports by clicking on links below:
Homes & Condos – May 2024 Report
Homes – May 2024 Report
Condo – May 2024 Report
Land – May 2024 Report
Note: The average sales price and the average days on market could be skewed greatly by only one sale or because of the small number of sales
Jun 4, 2024 | QA
Question: “Besides location, price and type of home, what are some additional important questions to discuss with a Buyer?”
Chris’s Answer:
To represent the Buyer and their best interests, we also ask these important questions:
- Do you need to sell another property before you buy?
- Is there a deadline on the closure of your property here on St. Croix?
- Are there any life changes or events, such as a job change, large purchase, or retirement, coming up which could impact your buying timeline, or ability to secure a loan?
- Will you be paying cash or need to secure financing? It’s important to work with a local lender who is licensed in the USVI. We can provide you with a list and contact information.
- Is there anything else we need to know about finding you a great property here?
Contact us with any questions about real estate on St. Croix!
Jun 4, 2024 | QA
Question: “Besides looking at MLS, what else can help aid us in finding a home?”
Christie’s Answer:
Many factors contribute in assisting us in finding your St. Croix purchase. Some of them are:
- Understanding local market conditions, property values, and emerging trends allows us to provide accurate and insightful guidance to our clients. We receive monthly reports which compare one month to the same month a year ago. These reports are included in each edition of our newsletter. See the current report here.
- If you are traveling to island to look at property, we can send out an email to all Realtors on St. Croix asking if anyone has a listing coming on the market within the time you are here with your requirements and wishes.
- Our knowledge of the island helps us to find the right property for you. The island has such diversity in topography, rainfall, and the locations of different things, like towns, beaches, hiking trails, jobs, etc. For example, we were working with a couple who love to dive in Salt River and Cane Bay. We were able to find them a home near Salt River with space for them to pull in and unload all of their dive gear.
Contact us with any questions about real estate on St. Croix!
