Congratulations to St. Croix for being selected for a major national award that will boost St. Croix’s natural ecosystems! The National Fish and Wildlife Foundation (NFWF) announced this month that 74 new grants totaling $141.3 million through the 2023 America the Beautiful Challenge (ATBC). St. Croix received a $2.1 million grant for the project, titled “Human and Nature Connections: U.S. Virgin Islands Territorial Parks, Waters, Trails, and Work Program,” which is a collaborative effort involving The Nature Conservancy, Crucian Heritage and Nature Tourism, and the Virgin Islands Trail Alliance according to an article from the VI Consortium. It also said the initiative aims to employ a youth conservation corps to restore over a quarter of the wetlands on the island. This will establish habitat corridors spanning between Altona Lagoon and Great Pond, stretching from the north to the south shores of the island. This will include new hiking trails too. An article from St. Croix Source said that the initiative, managed by the new Territorial Parks System, is slated to increase public land protection from 5 to 12%, increasing opportunities for the public to connect with nature through activities such as hiking, biking, birding, fishing and other wildlife experiences.
NFWF‘s Description of the Grant Awarded Project
Leveraging Public-Private Partnerships to Connect Conserved Lands of the U.S. Virgin Islands Grantee: Government of the Virgin Islands
Create the first conservation corridor that spans the length of St. Croix by partnering with local organizations and employing a youth green skills corps. Project will expand public access while stemming erosion along 2.11 miles of beach and will use environmental engineering interventions and reforestation to restore a total of 260 acres or 27 percent of wetlands on St. Croix.
(for a complete list of awardees and their projects, click here)
Find the monthly sales data, inventory, and days on market for the St. Croix, USVI real estate market! We have downloadable Coldwell Banker real estate reports — available below 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.
Are you thinking of moving your business to St. Croix, or beginning a new business on island? Should you lease or buy an existing building, or purchase land to build what you envision?
The location of your business will determine how convenient and cost effective it is to operate and how accessible it is to the public. These will be key factors in your decision making, along with zoning of course. As these examples of 6 Company St and 28 Diamond show, a downtown Christiansted property is perfect for a retail or restaurant endeavor, or small office space. It’s a popular location for shops, restaurants, and professional offices. The land parcel would be a great location for a business that needs to be close to busy streets, the airport, and near the deep water container port. These are two very different locations for very different types of businesses.
If you would like to discuss more about this and look at commercial listings on St. Croix, please contact us. We are experienced realtors who also represent buyers and sellers with commercial real estate needs.
Question: “Will you put these recent rate increases into historical perspective for us?
Looking back, starting in the 1980’s by decade, on a Freddie Mac 30. Year fixed mortgage for a primary residence, the rates from the St. Louis Fed Survey looked like this:
1980’s – about 9.00% 1990’s – about 6.75% 2000’s – about 5.25% 2010’s – about 3.50% 2020’s – about 2.75% and we are currently hovering just under 8%
We’ve all gotten accustomed to the lower rates over the last 10 years. We are now entering a period where the rates are normalizing and that rate environment is more in line with historical rates. These current rates are more in line with what the “cost of money” should be based on the last four plus decades.
Condé Nast Traveler announced in October the results of its annual Reader’s Choice Awards with the U.S. Virgin Islands recognized as a top island in the Caribbean.
The USVI has been recognized by other publications this year. Here are a sample:
Condé Nast Traveler as a ‘Best Places to Go in 2023
Travel + Leisure has ranked USVI as one of its 50 best 2023 destinations in its For Beach Vibes
Yahoo! Life listed the USVI as one of the top 10 tropical islands to get to in under three hours from the U.S. mainland
Travel Magazine voted USVI as the Best Caribbean Cruise Destination for 2023
Frommer’s gave the territory top billing in its annual Best Places to Go in 2023
Condé Nast Traveler editors voted USVI as having the Best Airbnb in the Caribbean
There is no better time than now to visit St. Croix! If you’re still considering what homeownership in the Caribbean can look like for you, let us help you navigate this process. Our current listings include several exceptional properties sure to have you envisioning life’s next chapter living in America’s Paradise. Give us a call to discuss your options and schedule a showing or two; we’d love to hear from you!
