The St. John Real Estate Market remains very active for this first quarter of the year and early spring. From the 1st of January to the 31st of May, the island saw sales of $94 million. This is 11% or $10 million ahead of what we had seen last year at this time. The inventory issue is more prominent now than it has ever been before, with demand outpacing supply. We are seeing a lot of movement in affordable homes on the island, with 21 homes selling under the $1 million mark.
We are still seeing a steady demand for homes above 2 million. So far this year, we have seen 7 homes sold in this range, including a home sale of $9.7 million in Peter Bay. As the stock market fluctuates, many buyers are turning to real estate on St. John. As purchasers realize remote working is becoming the norm for more people, their desire to own piece of paradise has never looked so appealing. As we close the second quarter, we are anticipating a slow down in the market but the islands tend to lag behind stateside Real Estate trends so it may be more of a gradual affect.
Welcome to Ditleff Point!
Enjoy the serene beauty overlooking Ditleff Point Bay and south to St. Croix from this waterfront building parcel. In addition to the parcel’s panoramic Caribbean views, Ditleff Point features gated access, stone roadways, professional landscaping, and underground utilities. With site plans already drawn up, it is easy to see the potential of this buildable, waterfront property. Private deeded beach access is a short walk away!
$1,250,000 | 42,253 Total Sqft | Waterfront Property
The mangos are ripe and the flamboyants are flush with their vibrant blossoms, signaling that summer is underway. With the end of the school year and graduations past, visitors and locals are ready to get back to pre-pandemic life. To everyone’s excitement, the Cinnamon Bay Campgrounds were reopened earlier this year, allowing both a fun staycation for locals, and an eco-friendly tourist attraction. The island recently welcomed back the Beach-to-Beach Power Swim, with over 350 participants of all age ranges coming out to support the Friends of the VI National Park and their summer programs. Another notable success was the Gifft Hill School Auction. The School hosted over 100 guests, both in-person and virtually, for a fun night to support the scholarship program of Gifft Hill School. Looking forward, the very anticipated reintroduction of St. John Carnival has officially been announced. After a 2 year hiatus due to Covid, everybody is thrilled to resume the cultural festivities and fun!
St. John has shown significant infrastructure improvement with the start of this new year with the ongoing installation of underground utilities in Cruz Bay, as well as the paving of the main route of island transport, the Centerline Road. Another exciting addition to the St. John Community has been the introduction of a recycling program to mitigate plastic pollution in our turquoise seas. Thanks to the efforts of Island Green Living there are now collection bins at trash sites for recycling of plastics and aluminum cans.
We are so fortunate to be surrounded by beauty of the National Park and its infamous beaches and hiking trails. It is always a good time to visit and consider an investment on island. If you are in need of ideas for your perfect location on St. John, any one of our experienced brokers can help you find the ideal fit for your St. John dream!!