Market Analysis of St Croix Sales Jan 1 – April 30, 2009 vs Same Period in 2008

This year so far, 26 single family homes have sold vs. 41 last year in the first 4 months, a decline of 36%. Average price this year has been $514,000 vs. last year $488,173. Days on Market this year have averaged 205 vs. 210 last year.

In the condo market, 15 sales have closed this year, vs. 38 last year, a decrease of 61%. Average price this year has been $335,693, vs $229,800 last year, an increase of 46%. Days on market this year has averaged 256 vs. 189 last year.

Sales of Lots/Acreage have been 40 this year, vs. 66 last year, a decline of 39%. The average sales price this year has been $147,347, vs. $163,208, a decrease of 10%. Average days on market is 268 so far this year, vs. 322 last year.

As of May 1, there were 267 active listings, with an average list price of $885,451 and days on market of 240.
For condos, there were 183 active listings, with an average list price of $292,191 and days on market of 220.
For lots/acres, there were 517 active listings, with an average list price of $364,608 and days on market of 263.
There also were 63 listings of commercial/industrial real estate, averaging $1,115,317 for list price, and 295 for days on market.