Apr 30, 2024 | QA
Question: “What should I take into consideration when searching for land?”
Christie’s Answer:
Here are some important considerations:
- Location on island – For a small island, there’s diversity in the microclimates of the estates. As you travel from east to west, we have grasses and scrub bushes to a rainforest. Drive around and experience the different areas to decide what you like and what you would like to be close to – diving, hiking, restaurants, shops, etc.
- Zoning – Will the property’s zoning allow you to use the land as you’d like?
- Cost – Will you be paying with cash or getting a loan? If you are getting a loan, becoming pre-qualified will give you the peace of mind that you will be comfortable your monthly payments. It also makes a stronger offer to the Seller.
- Terrain – Land will either be flat, gentle slope, moderate slope, or steep slope. What will best suit your design and needs?
- Road conditions – Most roads are paved, but many are dirt or gravel roads. How will this effect the building process and how will it effect your daily life after you have moved in?
- Proximity to other structures – Some people like the coziness of having neighbors. Others like more space around them.
- HOA – Is there an HOA fee, and what is its use?
- Covenants and restrictions – Sometimes estates or quarters will have restrictions on the use of the land
Contact us with any questions about real estate on St. Croix!
First published on our April 2024 Newsletter
Apr 18, 2024 | Island News
A massive bleaching event in the Caribbean in 2005 resulted in the loss of more than half of what was then the coral population in V.I. waters. In the Virgin Islands, researchers are still assessing the damage from the 2023 summer bleaching event according to the St. Croix Source (read full article here). USVI researchers also said the water temperature in the territory is currently 1.3 degrees Celsius higher than normal for this time of year.
Recently, the International Coral Reef Initiative and the U.S. National Oceanic and Atmospheric Administration (NOAA) announced that prolonged, exceptionally warm temperatures have caused the fourth ever global coral bleaching event. This is the fourth global event on record and the second in the last 10 years.
According to reports, mass bleaching of coral reefs has been confirmed in the Atlantic, Pacific and Indian oceans, basins including parts of Florida and the U.S. Coastline, the Caribbean, Central America, South America, Australia, the South Pacific, the Persian Gulf, coasts of East Africa, as well as Indonesia since early 2023. Experts say as the world’s oceans continue to warm, coral bleaching is becoming more frequent and severe. When these events are sufficiently severe or prolonged, they can cause coral mortality, according to the press release from NOAA. Read the full article here.
Apr 17, 2024 | Island News
According to a recent VI Consortium article, Governor Bryan attended this year’s Seatrade Global conference in April where he showcased the Virgin Islands’ pivotal role in global cruise tourism, emphasizing the territory’s impressive 5 percent share of the market. The governor also met with executives, stakeholders, and government officials from across the world discussing trends and partnerships in the cruise industry. Given that tourism generates 70% of the Virgin Islands’ economy, the governor stated that “these initiatives and investments are really proving to be worthwhile.” The conference may even be responsible for some legislative changes the governor says are in the pipeline. These aim to further enhance the cruise and tourism offerings, especially potential growth on St. Croix. Governor Bryan also expressed optimism that the exchanges of ideas during the event will lead to “exciting prospects” for the territory through new public-private partnerships.
Apr 17, 2024 | Island News
Every year, a list of books representing the literary heritage of the 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands is distributed by the Library of Congress’s Center for the Book during the National Book Festival. The Community Foundation of the Virgin Islands (CFVI) serves as the Library of Congress’s Center for the Book, U.S. Virgin Islands affiliate. The Library of Congress and its affiliate Centers for the Book work together to promote books, reading, literacy and the Library’s literary programming nationwide through public programs and initiatives designed to attract a diverse population and serve affiliates’ local audiences.
The two books selected for the USVI 2024 “Great Reads from Great Places” are “Ziggy on the Rock,” by C.M. Rohan and “The Lesson,” a novel by Cadwell Turnbull. Both authors grew up in the USVI. Congratulations to the authors!
“Ziggy on the Rock,” by C.M. Rohan, has been designated as the USVI’s youth Great Read for 2024. The book tells the story of Ziggy, a vibrant, adventurous and kind boy who is growing up in the beautiful U.S. Virgin Islands. The book follows Ziggy and his friends as they explore their island home and embrace their Caribbean culture.
“The Lesson,” a novel by Cadwell Turnbull, tells the story of an alien ship resting over Water Island. For five years the people of the U.S. Virgin Islands have lived with the Ynaa, a race of super-advanced aliens on a research mission they will not fully disclose. They are benevolent in many ways but meet any act of aggression with disproportional wrath. This has led to a strained relationship between the Ynaa and the local Virgin Islanders and a peace that cannot last. A year after the death of a young boy at the hands of an Ynaa, three families find themselves at the center of the inevitable conflict, witness and victim to events that will touch everyone and teach a terrible lesson.
Read more on the St Croix Source here.
Apr 12, 2024 | Island News
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 – March 2024 Report
Homes – March 2024 Report
Condo – March 2024 Report
Land – March 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
