“It’s tangible, it’s solid, it’s beautiful. It’s artistic, from my standpoint, and I just love real estate.” – Donald Trump
The Donald hasn't made a down payment on property on St. John - yet. But other people have, encouraged in no small part by significant price reductions.
Islandia Real Estate's blog headlines a post, "Signs of a changing market."
So far this year, four home sales have closed and a dozen are pending. Annualized, the sales pace is 20% ahead of last year when 27 properties were sold.
Add to the heightened interest, the Wall Street Journal reporting "The bidding wars are back."
Gretchen Labrenz at Cruz Bay Realty reported a number of showings in the past week for the Inquiring Iguana' affordable and money-making Blue Tang.
The number of homes for sale is lower than a few months ago, so Islandia's Jane Kelly is cold calling homeowners inquiring whether they'd like to list their property. "I am working with cash customers that aren’t finding the home of their dreams at the present time," she said.