STX News
On a monthly basis, we send out our newsletter with current St Croix news and upcoming events. We try to give a glimpse into life on our incredible island and hope it entices you to come feel the sand between your toes.
NEW St Croix Area Reports (April 2023)
Your monthly insight into the St. Croix, USVI real estate market! We have downloadable April 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...
Why so many cash sale only condos on St. Croix?
Published on our April 2023 Newsletter Question: “Why are many condos sales cash sales only?” Chris' Answer: After Hurricane Maria in 2017, insurance companies paid claims which were sometimes substantial. This is why you have insurance and why insurance premiums...
Should I still buy a home when interest rates are higher?
Published on our April 2023 Newsletter Question: “I have concerns about the higher interest rates, and don’t know if I should buy now?” Christie's Answer: Although interest rates are higher than a year ago, Buyers are understanding that if they see a...
Connecting with Nature: Mangroves and Salt Water Bay
We talked to a young friend from the states visiting family on St. Croix. He showed us this quarter. The night before he had gone with his family on the bioluminescence tour in the Salt River Bay National Historical Park and Ecological Preserve and described his...
New ‘Own A Lot, Build a Home’ Financing Program
Great news for first-time homebuyers who are looking to make homeownership a reality! V.I. Housing Finance Authority (VIHFA) announced the launch of the ‘Own A Lot, Build a Home’ program, a secondary financing initiative providing 20-year, zero-percent forgivable...
Fly the Whale Airlines Providing Inter-Island Flights
The territory has been experiencing severe flight shortages between St. Croix and St. Thomas since 2022, so we are excited to hear that more flight options are on the horizon! As the VI Daily News reported, Cape Air and Silver Airways currently offer flights...
WAPA Projects Big Savings For Customers with New Renewable Energy Projects
WAPA plans to install substantial amounts of solar and wind energy facilities in the next two years! Great news on the recent announcements of power purchase agreements for the wind and solar projects on St Croix, St. Thomas, and St. John! According to an article on...
NEW St Croix Area Reports (March 2023)
Are you ready to list your home? Are you looking for a new home on St. Croix? We encourage you to take a look at the March Coldwell Banker real estate reports — available below for each category: All Properties, Condos, Single Family Homes, and Land! The sales data...
Zoning for 3 Unit Properties
Published on our March 2023 Newsletter Question: “"Sometimes I see 3 units for sale on a property zoned R-1 or R-2 when there should only be 2 permitted by code. Why is that?” Chris' Answer: This is permitted if there are two separate lots involved being...
Multi-Unit Zoning for Homes
Published on our March 2023 Newsletter Question: “What zoning allows multiple units?” Christie's Answer: When buying or building a multi-unit property, the zoning is important. R-1 is Residential — Low density and R-2 is also Residential — Low density, both allow...
How much are you putting down for a down payment?
On St. Croix, we are generally seeing homebuyers putting less money down now compared to 2 years ago, similar to what is happening in other US markets. According to a report from Redfin in March 2023 that looked at 40 of the most populous metropolitan areas in the US,...
Improved Flight Connectivity to St Croix
The Buccaneer Beach & Golf Resort and V.I. Department of Tourism shared news about the improved flight connectivity to St. Croix in a recent article on St. Croix Source! This is excellent news! Here are the highlights: American Airlines Operate twice daily in...