Sep 1, 2022 | QA
Published on our August 2022 Newsletter
Question: What is holding Buyers back?
Christie’s Answer: According to “Today’s Buyer’s Rep”, ABR’s (Accredited Buyer’s Representative) monthly magazine, inventory and affordability are the two top issues for Buyers. The third issue is that Buyers seem to have unrealistic expectations. Since we have addressed the first two, let’s look at the third.
Buyers need to be better informed. Discussing the buying process and answering questions assists Buyers to have more realistic expectations. This takes some time, and sometimes we refer the Buyer to experts like mortgage lenders, contractors, building engineers, architects, attorneys, electricians, insurance agents, or other professionals.
Despite all of the preparations, sometimes there are unforeseen challenges. For example, on one parcel of land we sold, an archeological site was found of a Pre-Columbian ball court. Discovering this did create a challenge, and slowed the process. Historical research was needed, and legal documents prepared by attorneys. This ultimately meant that of the 10 acres being bought, 2 acres were to be kept intact and undisturbed. Fortunately, the Buyers were delighted to have such a site on their land!
#stcroixusvirealestate #realestate #realtor #stcroixusvi #virginislands #coldwellbanker #caribbean #homebuying
Aug 30, 2022 | Island News
The U.S. Virgin Islands Head Start program funding provides preschool for low-income families with a comprehensive program to meet children’s emotional, social, health, nutrition, and educational needs. In August, VI Delegate to Congress Stacey Plaskett presented a federal check for $42.4 million to the Human Services Department’s Head Start Program. Plaskett said “this funding is for construction grants and will require zero local match to fund the construction and restoration of facilities territory-wide.”
Head Start Administrator Masikia Lewis said at the ceremony presentation that the funding awarded will help construct state-of-the-art, mega, multi-purpose Head Start centers around the territory. She emphasized that these proposed new facilities will provide a learning environment that is essential to the development of younger generations and vital to the growth of the U.S. Virgin Islands.
Read full article on the St. Croix Source here.
Photo credit: Office of VI Delegate to Congress Stacey Plaskett
#stcroixusvi #virginislands #usvi #caribbean #headstart #children #community #education #earlyeducation
Aug 30, 2022 | Island News
According to an article in the VI Consortium, Virgin Island Tourism has seen a rebound after “Covid-related decimation of the industry” and that reports “show that from June 2021 to May 2022, the USVI had the highest hotel occupancy in the region.” Here are some highlights:
- Tourism Commissioner Joseph Boschulte said over 450,000 people traveled to the USVI in the first three months of 2022, and the visitor arrivals were up 153 percent compared to the same period in 2021.
- Reports show the territory had the highest average daily rate in the region at $637 during that same time period.
- USVI tourism also led in revenue per available room at $461.61.
The VI Tourism officials has a rosy outlook for 2023. Transportation Security Administration data showed that the USVI was the fastest-growing location for total airlift capacity in the Americas from 2019 to 2021. Additionally, the USVI cruise industry is expected to see triple the numbers of passengers in St Croix’s cruise port in Frederiksted in 2023.
More visitors mean more people will have the opportunity to fall in love with our island paradise, experiencing our friendly people, delicious foods and picture perfect beaches! If you plan on visiting us soon and is interested in buying a second home or a forever home on St. Croix, we are here to help you find the perfect home! With exceptional properties in the territory to choose from, your dream of owning a slice of paradise can soon become a reality. Contact us with any questions.
#stcroix #stcroixusvi #virginislands #caribbean #tourism #travel #vacation #homebuying #realtor #realestate #realestateagent #coldwellbanker
Aug 10, 2022 | Reports
Do you may have questions about the current market for Homes, Condos and Land on St. Croix? Putting your property on the market for sale or buying a property in the current market is a big decision. Our area reports compare recent and historical sales activity for all property types; single family homes, condos, and land. The reports are available below and we encourage you to take a look at them. If you have any questions, please give us a call or email us directly. We would love to work with you to list your property for sale or help you find the property of your dreams on our wonderful island.
Open reports by clicking on links below:
All Property Types – July 2022 Area Report
Single Family Homes – July 2022 Area Report
Condos – July 2022 Area Report
Land – July 2022 Area 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.
#stcroixusvi #usvirginislands #virginislands #realestate #realtor #coldwellbanker #caribbean #caribbeanhomes
Jul 29, 2022 | QA
Published on our July 2022 Newsletter
Question: Why should I buy property now if I’m not going to move to St. Croix for a while?
Chris’ Answer: St. Croix is a very diverse island. The east end is different from the west end. The north shore is different from the south shore. The more you move west, the more rainfall you’ll get. Some people like living higher in the hills, and others want to be in flatter areas, or on the water. Sometimes it’s important for people to be near the activities they like best, for example, eating at their favorite restaurants, diving, hiking, or just lying on their favorite beach.
Every property here is unique! It’s rare that you’ll see two houses that are the same. Even condos in the same complex will have different views. That’s why our advice is that if you find a house, condo, or land which appeals to you, buy it now! If you wait, you will probably not find a property which is as good a fit as the property you didn’t buy when you had the opportunity. If it takes you time to move here, you can rent a home or condo long-term, or as a vacation rental. Our experience includes years of property management. We are happy to share that knowledge with you and can steer you in the right direction.
#stcroixusvirealestate #realestate #realtor #stcroixusvi #virginislands #coldwellbanker #caribbean #homebuying
