St. Croix Real Estate & Other Good Things

Waterfront Home in Judith’s Fancy for Sale

Eric — Fri, 09 Jul 2010 17:18:05 +0000

This exquisite, fully furnished, income-producing waterfront villa will be sold completely turnkey. With 3 bedrooms, 2 baths, 2000 SF, on 1.07 acres, priced at $875,000, the home is not only a great investment but offers a lifestyle at an affordable price.

Use for your St Croix paradise hideaway, or let vacationers pay your mortgage until you are ready to make this lovely place your home. The villa stays booked all year with repeat customers. Owners have developed websites with full financial information, videos, photos and other details. Contact agent to learn more about the home or the business package designed for buyers who want to continue to utilize the villa as a vacation rental and keep the brand name.

Contact Kim Lucas, Realtor, for your private showing. Buyer Agent St Croix, East End Plaza, PO Box 24147, Christiansted, VI 00824. 340-626-3758.

St Croix Sales Data: June 2010

Eric — Fri, 09 Jul 2010 17:13:00 +0000

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

Eric — Fri, 09 Jul 2010 16:39:14 +0000

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 Cork & Fork

Eric — Sun, 18 Apr 2010 18:07:55 +0000

The other evening we were invited to Annaly Mill for one of St. Croix’s food and wine experiences. This was the Cork & Fork, an intimate dining experience with a celebrity chef and winemaker. The featured chef was renowned Iron Chef winner Kevin Rathbun, the featured winemakers were Kathy and Kent Rosenblum of the celebrated Rosenblum Cellars.

We drove out into the rainforest and arrived at Annaly Mill around sunset. The renovated sugarcane mill was bigger than I expected, about 4 stories high with very thick walls. There were glimmering tiki torches, lush plants and flowers, stone walls and a moist tropical breeze to top off this special night’s ambiance. The feeling was of another time and place… old world, working mill, charming, tropical.

We were greeted by the hosts and introduced to Kevin, Kathy and Kent right away. This was going to be a fun evening! With a glass of Kathy’s Cuvee Viogner in hand we wandered around the mill, the home and the manicured grounds of Annaly Mill. Right in the center of the mill the main dining room was charmingly decorated with white linens, Danish china, candles, and sparkling silver. The long table was set for sixteen. Before dinner was served we climbed the winding stairs to the tip top of the mill where one could see for miles, past mountains and valleys right out to the ocean.

A toast was made in honor of this charitable event and dinner was served. We enjoyed an incredible five courses with different wines chosen for each course. Kevin Rathbun and his team served one delicious course after another while Kent Rosenblum explained why each wine was chosen to compliment each particular dish. Kent also had interesting stories and entertaining history about wine making. We had lots of laughs, interesting guests, and heard many “oohs and ahhs” about the amazing foods and wines.

For more information visit these links… Annaly Mill, Rosenblum Cellars, Kevin Rathbun, St. Croix Food and Wine Experience, all photos by Marjo Aho

St Croix Sales Data: March 2010

Eric — Fri, 09 Apr 2010 18:42:00 +0000

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 Condo For Sale

Eric — Fri, 09 Apr 2010 18:29:04 +0000

For Sale: Beachfront Condo, one of the nicest units at The Reef at Teagues Bay, on the golf course with unobstructed views of the water and Buck Island and a very private patio. The home has 2 bedrooms, 2 baths, is fully furnished, with clay tile and concrete flooring for easy maintenance, and includes all appliances.

The Reef has a beautiful beach, restaurant, pool, and tennis courts across the street. This condo is a great turnkey vacation rental. Rentals are in place through April, and the website and all marketing through November is included. Visit the website at www.carusosreef.com.

Monthly condo fees are $704/month plus an assessment & insurance. Sorry, no pets. Asking $309,000. MLS # 10-62.

Contact Kim Lucas, Realtor, for details: Buyer Agent St Croix, East End Plaza, PO Box 24147, Christiansted, VI 00824. 340-626-3758.

St. Croix Sales Data: February 2010

Eric — Thu, 18 Mar 2010 13:58:05 +0000

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.

Beachfront Condo in Harbour Beach Village

Eric — Thu, 18 Mar 2010 13:53:59 +0000

Beautiful beach front condo on the west end of St Croix in the gated and secure Harbour Beach Village complex. There are only 18 units in this small complex, which sits on the best beach on St Croix. World class snorkeling awaits you right outside the complex, and a great pool, pavilion, and lushly landscaped grounds.

This immaculate one bedroom unit is on the second floor and comes with new appliances, fans, and is fully furnished. A separate laundry / storage room is perfect for those beach toys, and this one even comes with its own inflatable kayak.

Monthly fees here are reasonable - only $475 a month. Automatic generator on premises. Self insured. $285,000.

Vista Concordia Homesites

Eric — Sun, 07 Feb 2010 18:55:47 +0000

The views are absolutely spectacular from these hillside lots, overlooking Salt River and Buck Island, with views of the twinkling lights of Christiansted at night! In the desirable neighborhood of Vista Concordia, one lot is .62 acre, asking $100,000, and the other is .71 acre with a natural building pad, asking $115,000.

Come and build your dream home here and enjoy the tradewinds and views.

HOA fees of $250/year for unimproved land and $500/ year for improved.

St. Croix Sales Data: January 2010

Eric — Sun, 07 Feb 2010 18:40:17 +0000

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.