Below is 2007 versus 2008 sales data for the St. Croix, USVI real estate market. Data provided courtesy of REALTORĀ® Kim Lucas of Coldwell Banker VI.

Residential:

Single Family Residential Sales decreased 34% in 2008 from 2007. The number of sales went from 178 in 2007 to 117 this last year. However, average sale price increased 21%, from $419,810 in 2007 to $511,532 in 2008. Sales prices closed at 91% of list price in both years.

Condos:

Number of condo sales reflected the single family market but the downturn was not as dramatic. Sales decreased 4%, from 89 in 2007 to 85 in 2008. Sales prices also decreased, from $254,457 in 2007 to $217,196 in 2008, or 14%. Properties sold for 91% of list price in 2008, only slightly down from 2007.

Lots/Acres:

Number of land sales also decreased in 2008, by 19%, from 262 in 2007 to 212 in 2008. Prices increased substantially, 38%, from $116,012 in 2007 to $161,250 in 2008. Percent of list price for sales was down slightly from 2007.