Known for its unique character of having two-thirds of it lands preserved, forever, as a National Park, the island of St. John has continually been a rather remarkable destination. In the 1960’s and 1970’s it was the epitome of laid-back chic and over the years has beckoned those who, ostensibly, demand grand living in a dramatic environment. Although, the volume of real estate activity is modest as compared to most larger islands, St. John has witnessed very steady growth and consistently high values.
To-date, 2014 real estate sales in St. John have trended toward the positive. According to Christie O’Neil, broker/partner of Holiday Homes, real estate in St. John has been manifest by robust sales. Activity is up significantly with her company on track to increase total sales by approximately 25% over last year. Overall the St. John real estate sector is realizing about a 14% increase over 2013. Ms. O’Neil adds that although prices have not accelerated yet, they have certainly stabilized, and there is less excess inventory. For 2014 the average sale for a private residence is $1,055,000; average sale price for a condominium is $614,000.
Sounds like this is the famous “window of opportunity” for those interested in securing their tropical dream getaway. The attributes of St. John are many – the full complement of natural beauty, pure drama in each view, some of the finest beaches in the world, transcendent lifestyle – a singularly special island.