We are excited to share our 2020 newsletter! Check it out for information on current market conditions, properties for sale, statistics from 2019, exciting news form Holiday Homes and our island community.
Read our full 2020 Newsletter here>>
CELEBRATING OUR 60th ANNIVERSARY
This year marks Holiday Homes’ 60th Anniversary—a milestone we are very proud and honored to be a part of. We would like to thank you…Our clients. Our customers. Our team. Our St. John community. You got us here and with your support we have been a leader in the St. John real estate market for 60 years! Holiday Homes was founded in 1960 by Sis Frank as a community brokerage offering vacation rental dreams to visitors. The company developed over time through the many twists and turns that the real estate business can bring. Past Brokers Peter Griffith, Miles Stair and Christie O’Neil were leaders over our 60-year legacy in the brokerage community that held quality Customer service, team spirit and the community in high regard. In the last few years we have modernized our brand, always pushing the envelope with marketing trends and we have evolved to be the brokerage with global reach while always honoring our deep local roots.
REAL ESTATE MARKET UPDATE
In 2019 we continued to see positive momentum in sales. The year ended with 54 residential units closed including 10 condos; presenting a residential sales volume of just over $60 million. Holiday Homes closed out a record-breaking residential sale in Estate Contant for $3,750,000. Despite the high number of residential sales in 2019, the new year offers the strongest inventory we have ever seen signaling a trend from last year’s sellers’ market to this year’s buyers’ market. Great timing for the 2020 peak season buyers who can preview a wide array of options in their price point, and benefit from interest rates now at their lowest in recent times. Condos were in demand in 2019 with 10 sales at an average sales price in excess of $760,000.
The Hill’s is filling a niche in the residential market providing a townhouse option with spacious floor plans, crisp finishes, and even a few units that offer private pools. With a limited number of units offered for sale at year’s end it appears that demand for these turn-key, worry free ownership options is increasing. Construction is also booming on island with a little bit of everything from brand new residences, remodels of existing homes to storm rebuilds. It can be more cost effective for a buyer to purchase an older existing home and tailor it to suit, than it is to purchase land and custom build. Even so, land sales have shown improvement again in 2019. The highest sale was a development parcel on Lovango Cay just off the north shore of St. John. Our energetic and experienced team knows this market and is ready to assist you with all of your real estate needs. We love what we do and it shows! Cheers to 60!
2019 MARKET FACTS
44 Homes sold.
10 Condos sold.
36 Land Parcels sold.
Highest home sale: $9,000,000
Highest condo sale:$1,000,000
Highest land sale: $1,081,556
156 Homes currently listed.
15 Condos currently listed.
251 Land parcels
The information on this website is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Equal Housing Opportunity: All real estate advertised herein is subject to the Fair Housing Act of 1968.
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