May 2022 Real Estate Summary Reports

Here are real estate reports for May 2022. It is a good time to list your home, condo, or land for sale! If you look at the market update in this newsletter, you will see that May saw an increase in sales from May a year ago, across all categories of properties. June and July could have similar numbers. Please contact us, we’d love to work with you and list your property!

Single Family Homes – May 2022 Report

Condos – May 2022 Report

Land – May 2022 Report

All Property Types – May 2022 Report

Art exhibition at Fort Frederik Museum

Art exhibition at Fort Frederik Museum

What does freedom look like today? The Department of Planning and Natural Resources Division of Libraries, Archives and Museums is hosting an exhibit at Fort Frederik Museum on St. Croix in honor of Emancipation Day under the theme titled “The Revolution is Not a One Time Act.” Emancipation Day, is celebrated annually on July 3, but the exhibit will be open from from July 1st through September 23rd. The Virgin Islands Daily News reports that the DPNR had extended an open call to said seeking artists territory-wide to submit work that touches on the ideas of freedom, liberation, self-determination, and what that looks like today.”

Read more here.

Musical Festival Featuring The Ten Sleepless Knights

Musical Festival Featuring The Ten Sleepless Knights

We are big fans of The Ten Sleepless Knights and we are excited to see them scheduled for the 2022 Folklife Festival celebration! They will be performing on July 2nd and 3rd. The festival celebrates the US Virgin Islands’ culture, history and traditions influenced by the flags of seven nations.

The Ten Sleepless Knights specializes in Quelbe, the official music style of the Virgin Islands. For the full schedule of the festival and musical guest lineup, go to St. Croix Source.

How US Virgin Islands Tourism Survived the Pandemic

How US Virgin Islands Tourism Survived the Pandemic

The Caribbean Journal speaks to Joseph Boschulte, the Commissioner of the U.S. Virgin Islands Department of Tourism about tourism in the US Virgin Islands. Here’s some good news from the article!

“According to Transportation Security Administration numbers, U.S. Virgin Islands airports in St. Croix and St. Thomas received 14 percent more passengers in February 2022 than in February 2019. Furthermore, the USVI was the fastest-growing territory for total capacity in all the Americas between 2019 and 2021, growing total departure seats by 35.8 percent.”

The cruise industry is in the process of recovery. Read more about the Department of Tourism’s strategy to increase port calls by 2023.

What should homebuyers know about agency, loyalty, and shared expectations?

What should homebuyers know about agency, loyalty, and shared expectations?

Published on our May 2022 Newsletter

Question: What should homebuyers know about agency, loyalty, and shared expectations?

Chris’ Answer: Most real estate agents earn their living by representing buyers and sellers in property transactions. The yard sign makes it obvious who is representing the sellers’ interest.

Problems can arise when buyers unwittingly or intentionally act in a way which lead two or more agents to believe they each represent that same buyer. Sometimes buyers think that the more agents they have working for them, the better service they will receive. The opposite is true.

It’s in everyone’s best interest that a buyer selects an agent before viewing a property. Buyers can typically expect a higher level of service when they’ve aligned themselves with one agent.

St. Croix is like a small town. Most of the Realtors know each other. Even though we may be with different firms, as professionals, we work on deals co-operatively to ensure that the interests of both buyers and sellers are addressed.

As a buyer, your relationship with your agent is based on mutual consent. You can cancel the arrangement if you feel your agent isn’t living up to your expectations. Each agent has their own style and preferred way of working with clients. For example, we work as a team, and feel that as professionals who bring different perspectives to that Buyer/Realtor relationship, we take better care of our clients and their needs.

We love working with people! What we recommend is that you take time to discuss expectations at the beginning of your relationship with us. It’s the surest way to form a strong partnership – one which allows us to serve you to our highest ability, and helps you achieve the best results in your property purchase.

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