C R U Z A N A

St. Croix USVI Real Estate & Other Good Things

Category: Research Properties (Page 1 of 2)

St. Croix Sales Data: June 2009

Single Family Residential

For the month of June, 3 homes sold compared to 11 last year, a decrease of 72%. The average sales price was $325,833 versus $523,273 in 2008, a decrease of 37%. Median sale price declined to $295,000 from $345,000 a year ago, down 14%. Average days on market was 217, down from 252 last year.

Condominiums

For June, 3 sold during the month compared to 8 last year, a decrease of 62%. Average sales price increased from $165,675 to $261,500, up 58%. Median sale price also increased to $254,500 from $128,200 in 2008. Average days on market was 278, up from 192 last year.

Lots/Acreage

For June, 6 sales closed compared to 17 last year, down 64%. Average sales price was $37,000, versus $121,941 in 2008, down 69%. Median sale price was $35,000 compared to $57,500 last year. Average days on market was 274 compared to 244 last year.

Statistics are courtesy of the St. Croix MLS.

St. Croix Sales Data: July 2010

Single Family Homes

July saw a good rise in sales, to 14 units from 9 in June. Average sale price was $559,812, up from $431,667 in June. Average Days on Market was 242, down from 275 in June. These numbers are also substantially better than July, 2009, when 5 homes sold, at an average price of $311,800, and DOM of 295.

Condos

Only 3 condo units sold in July, with an average price of $207,333 and days on market 236. 6 units sold in June, with an average sale price of $360,555 and average days on market 459. In July, 2009, 2 condos sold, with an average price of $168,000 and DOM 296.

Lots/Land

As in June, 7 lots sold in July. Average price was $69,786 and Days on Market 353. Last year, for July, 2009, 15 lots sold, at an average price of $113,300 and DOM 226.

St Croix Sales Data: June 2010

Single Family Homes

9 homes sold in June, with an average sale price of $431,667, median price of $433,000, and average days on market 275. The number of sales has increased since the first of the year, but average and median prices are still decreasing. Days on market have shortened as well this year.

Condos

6 units sold in June, with an average sale price of $360,555 median price of $322,250, and average days on market 459. The number of sales has stayed steady this year. Prices have fluctuated widely because of the small number of sales. The same is true of days on market.

Lots/Land

7 lot sales closed in June, with an average sale price of $40,500, median price of $33,500, and average days on market 263. As with condos, land sales have held steady this year. Prices and days on market have fluctuated considerably.

St Croix Sales Data: ’09 ’10 Comparison

Below are the second quarter statistics about property sales for the last three months, and a comparison to June of ’09. These numbers are encouraging!

Second Quarter Home Sale Statistics

Month # sales Average sales price Median sales price Average days on market
April ‘10 6 $354,983 $280,000 252
May ‘10 10 $475,418 $217,590 251
June ‘10 9 $431,667 $433,000 275
June ‘09 3 $325,833 $295,000 217

Second Quarter Condo Sale Statistics

Month # sales Average sales price Median sales price Average days on market
April ‘10 7 $245,357 $207,000 280
May ‘10 5 $119,350 $200,000 213
June ‘10 6 $360,555 $322,250 459
June ‘09 3 $261,500 $254,500 278

Second Quarter Land Sale Statistics

Month # sales Average sales price Median sales price Average days on market
April ‘10 7 $46,714 $45,000 300
May ‘10 5 $103,580 $95,000 141
June ‘10 7 $40,500 $33,500 263
June ‘09 6 $37,000 $35,000 274

St Croix Sales Data: March 2010

Single Family Homes

6 sales closed in March, with an average sale price of $609,333, median price of $238,000, and 347 days on market. This number compares to 5 sales in February, average sale price of $253,000, median price of $185,000, 304 days on market, and 8 sales in January. In March, 2009 there were 4 sales, with an average price of $261,750, median price of $263,500, and days on market 234.

Condos

4 sales closed in March, with an average sale price of $209,250, median price of $207,000, and 148 days on market. This number compares to 5 sales in February, with an average sale price of $251,800, median price of $225,000, and 330 days on market, and 3 sales in January. In March, 2009, there were 4 sales, with an average sales price of $131,225, median price of $92,450, and 250 days on market.

Lots/Land

7 sales closed in March, with an average sale price of $96,071, median price of $75,000, and 219 days on market. This number compares to 7 sales in February, with an average sale price of $186,048, median price of $120,000, and 268 days on market, and 5 sales in January. In March, 2009, 14 lots sold, with an average sales price of $110,857, median price of $39,000, and days on market 247.

St. Croix Sales Data: February 2010

Single Family Homes

5 sales closed in February, with an average sale price of $253,000, median price of $185,000, and days on market of 304. This compares to 8 sales in January of this year. In February, 2009 there were 9 sales, with an average price of $744,556, median price of $472,000, and days on market 301.

Condos

5 sales closed in February, with an average sale price of $251,800, median price of $225,000, and average days on market of 330. This compares to 3 sales in January of this year. In February, 2009, there were 6 sales, with an average sales price of $420,667, median price of $310,500, and days on market 259.

Lots/Land

7 sales closed in February, with an average sale price of $186,048, median price of $120,000, and days on market of 268. This compares to 5 sales in January of this year. In February, 2009, 8 lots sold, with an average sales price $116,375, median price of $62,000, and days on market 260.

St. Croix Sales Data: January 2010

January 2010 Sales Activity for St Croix

Single Family Homes

8 sales closed, with an average sales price of $411,687, and average days on market of 299. This compares to January, 2009 with 4 sales, average price $451,500, and days on market 178.

Condos

3 units closed, with an average sales price of $195,833, and average days on market of 337. Last year 3 units also sold in January, average sales price $571,500, and days on market 282.

Lots/Land

3 sales closed, with an average sales price of $47,833, and average days on market of 258. Last year 5 lots sold, average sales price $58,200, and days on market 466.

St. Croix Sales Data: December 2009

December Sales Activity for St Croix

Single Family Homes

11 sales closed, with an average sales price of $600,727, a median sales price of $348,000, and average days on market of 446.

Condos

3 units closed, with an average sales price of $233,000, a median sales price of $285,000, and average days on market of 318

Lots/Land

11 sales closed, with an average sales price of $78,636, a median sales price of $57,000, and average days on market of 239.

For the year 2009

Single Family Homes

109 sales closed, with an average sales price of $423,973, a median sales price of $300,000, and average days on market of 263.

Condos

44 units closed, with an average sales price of $249,415, a median sales price of $186,250, and average days on market of 270.

Lots/Land

126 sales closed, with an average sales price of $105,320, a median sales price of $47,000, and average days on market of 270.

St. Croix Sales Data: August 2009

Single Family
13 single family homes sold on St Croix in August, with an average sales price of $319,846 and days on market of 215. This compares to 14 sales last year, with an average price of $369,536.

Year-to-date, 60 homes have sold vs 91 last year, with an average sales price of $409,075 vs $477,616 last year.

Condos
8 condos sold, with an average sales price of $189,075, and days on market of 260. Last year, 8 condos also sold in August, with an average sales price of $184,250.

Year-to-date, 35 condos have sold vs 71 last year, at an average sales price of $254,400 vs $217,496 in 2008.

Land
8 lots sold, with an average sales price of $83,188, and days on market of 306. Last year, 14 lots sold, with an average sales price of $139,371.

Year-to-date, this year 84 lots have sold, vs 162 last year, at an average sales price of $114,195 vs. $190,872 last year.

Data courtesy of FlexMLS.

St. Croix Sales Data: Jan-July 2009

Single Family Homes

In 2008, for the first 7 months, 419 homes were listed on St Croix, compared to 462 this year, an increase of 10%. Sales have decreased from 80 to 46 this year, down 42%. Average sales price has decreased from $491,320 to $439,815, down 10%. Days to close/days on market stayed nearly the same, 228 to 222, down 2%.

Condominiums

In 2008, for the first 7 months, 294 condos were active listings, compared to 308 this year, an increase of 5%. Sales have decreased from 65 to 27 this year, down 58%. Average sales price has increased from $221,203 to $273,755, up 24%. Days to close/days on market increased from 206 to 248, up 20%.

Lots/Acreage

In 2008, for the first 7 months, 777 lots were active listings, compared to 811 this year, up 4%. Sales have decreased from 146 last year, to 74 this year, down 49%. Average Sales price decreased from $196,965 to $119,633, down 39%. Days to close/days on market decreased from 291 to 256, down 12%.

Statistics are courtesy of the St. Croix MLS.

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