Your monthly insight into the St. Croix, USVI real estate market! We have downloadable May Coldwell Banker real estate reports — available below for each category: All Properties, Condos, Single Family Homes, and Land! The sales data will be help you understand the number of listings sold, days on market, the median price listed and sold, and much more.
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.
We are very excited to hear about this new program and the increased access to reliable high-speed internet for residents in the territory. We hope this also means a stronger USVI economy! As reported by the VI Consortium recently, the U.S. Virgin Islands is set to receive a grant of $1,249,952.00 from the Department of Commerce’s National Telecommunications and Information Administration (NTIA) as part of the Broadband Equity, Access, and Deployment (BEAD) program as part of the Biden administration’s “Internet for All” strategy.
In addition to this grant, NTIA recently announced an allocation of $150,000 in Digital Equity planning grant funding for the USVI. This federal funding brings USVI’s total to nearly $1.4 million, granted through the Bipartisan Infrastructure Law, to facilitate the development and implementation of affordable, equitable, and reliable high-speed Internet services across the territory. The BEAD grant would enable the territory to extend affordable broadband access to even the most remote parts of the islands, ensuring all Virgin Islanders can benefit from the digital economy.
Congratulations to the University of the Virgin Islands (UVI)! Forbes Magazine recently praised the UVI for offering one of the best online learning models among Historically Black Colleges and Universities (HBCU) in the United States. The UVI online degree program was recognized among ten distinguished HBCUs for its low student-to-faculty ratio, relatively high student retention rate, and low average net price per year. The rankings appear in a June 6 article in Forbes Magazine. Forbes said UVI was chosen for creating a system that worked well as a classroom setting where all users engaged in the same activity, and for having interactive features through chat exchanges and message delivery.
UVI began offering online degree programs for graduate and undergraduate students in 2018. Leadership at UVI said they were exploring online courses at the time the hurricanes hit, and were able to utilize the infrastructure that had already been developed to bring university-level courses to the school virtually.
Read the full article on St. Croix Source here and the UVI press release here.
Question: “At the $500,000 – $1,000,000 price point, will the house have a sea view?”
Christie’s Answer:
Of the 32 homes available today, 19 had sea views, and several more had more of a peek-a-boo sea view. Sometimes views can be opened up or enlarged by trimming plants and trees. The right house for you might have a view you can expand.
What $500,000 – $1,000,000 can buy you? In our November 2022 newsletter we discussed what $150,000 – $300,000 could buy you here on St. Croix. In our February 2023 newsletter we looked at what $300,000 – $500,000 could buy. This month’s newsletter has the next installment of that conversation. If you would like to see the other newsletters, go to our Contact Us page. That’s where you can sign up for the newsletters. There’s also a button to click which takes you to our last newsletter. Once there, in the top left side of the page is a button to click to see all the past newsletters.
Contact us with any questions about home buying on St. Croix. We have worked with many Buyers on and off the island to purchase their dream home on St. Croix. We can help you with every step of the process.
Question: “At the $500,000 – $1,000,000 price point, will the house have a pool?”
Chris’ Answer:
Possibly. Of the 32 homes available today, 16 had pools. What’s important is the house. if you find the right house and there is not already a pool there, often pools can be added. Just make sure that there is room for one.
What $500,000 – $1,000,000 can buy you? In our November 2022 newsletter we discussed what $150,000 – $300,000 could buy you here on St. Croix. In our February 2023 newsletter we looked at what $300,000 – $500,000 could buy. This month’s newsletter has the next installment of that conversation. If you would like to see the other newsletters, go to our Contact Us page. That’s where you can sign up for the newsletters. There’s also a button to click which takes you to our last newsletter. Once there, in the top left side of the page is a button to click to see all the past newsletters.
Contact us with any questions about home buying on St. Croix. We have worked with many Buyers on and off the island to purchase their dream home on St. Croix. We can help you with every step of the process.
