On St. Thomas there are a total of 168 residences for sale ranging in asking price from $155,000 to $10,990,000 currently.
During the month of August, 2012 there were 5 homes sold on St. Thomas. The median price was $460,000 which, on average, was 93% of the asking price.The average days on the market was 357.
There are 175 condos available for pruchase in the St. Thomas, Virgin Islands real estate market, ranging in price from $69,000 to $2,595,000. There is a boat slip that comes up under this category for $62,500.
For the condo segment of the market, 3 units closed on St. Thomas during the month of August. The median price was $250,000 which was, on average, 87% of the asking price. The average days on maket was 188.
The St. Thomas, Virgin Islands real estate market has 245 lot for sale; ranging in asking price from $20,000 to $8,000,000.
During the month of August, there were 4 lots of raw land sold on St. Thomas, with an median price of $46,500, which was, on average, 84% of the listed price. The average days on the maket was 316.
Snap Shot of the St. Thomas, Virgin Islands Real Estate Market
Condos are selling quicker than homes or land. Homes are selling closer to asking prices. Only the very inexpensive lots are selling. The higher end of the market is fairly quiet in all segments.
How can both buyers and sellers gain an advantage in the St. Thomas, Virgin Islands Real Estate Market? Retain a local Realtor who knows the market.
All satistics are from the Mulitple Listing Service for the St. Thomas, St. Croix Real Estate Boards.