We are excited to share our 2022 newsletter! Check it out for information on current market conditions, properties for sale, statistics from 2021, exciting news from Holiday Homes, and our island community.
Real Estate Market Update
2021 proved to be a record-breaking year for the St. John real estate market and Holiday Homes! Not only did we finish #1 in sales volume for the 3rd consecutive year, but our total sales surpassed previous years’ records at both a company level and the larger St. John market as a whole. Holiday Homes finished out the year strong with yet anotherrecord-breaker: the highest sold listing on the South Shore of St. John, a stunning $7.9 million home in Chocolate Hole sold in just 6 months. This past year also saw the sale of 117 residential homes, a dramatic increase from 51 sold in 2020, signaling high demand in the market and an excellent time to consider selling and upgrading to a new island oasis in th e coming year.
St. John MLS saw sales of $503 million in 2021, setting a new record. Holiday Homes of St. John was the leader with $137 million in sales resulting in 27% of the Market Share. Work with a proven winner and experience our outstanding service for buyers and sellers. While homes have been the largest percentage of sales, land parcels are becoming more active as buyers realize the advantages of custom building. There is currently a healthy inventory of lots but they are being snapped up quickly. Contact us for information about land ranging from $65,000 for breezy hillsides to waterfront parcels as high as $7.5 million. As demand for residential homes continues to increase, now is an ideal time to invest in a piece of paradise you can make your own. There’s no denying the market has been hot this year with pent-up desire to own a piece of paradise driving Buyers to turn towards the Virgin Islands. All across the board, the sales trends point up and the demand doesn’t appear to be going anywhere… We predict this trend will continue to shape the market in 2022 to be another active and strong year. Only by working with an experienced agent can one truly feel a pulse on the unique, niche St. John Real Estate Market. Our agents are ready to answer your questions and help you navigate the buying or selling process. Thank you for choosing Holiday Homes, the island’s oldest real estate agency and the leader in the St. John Real Estate Market for over 60 years!!
Holiday Homes of St. John
2022 Real Estate Market Summary