Today there is a marked difference as to how and why Americans are impacting the USVI real estate markets in 2007.   There has never been anything like it in USVI real estate history.
 
The demand for more island homes in the USVI has never been greater than today.  The maturing “baby boomers” are not just looking for a second home in paradise,   they are looking for their next location where they will be living part time or full time in during the last part of their life.   We are the most qualified on-island resource to serve these potential Buyers in the midst of these changing market conditions – full ownership,  fractional ownership,  or rentals.

Several Key Factors Driving The USVI Real Estate Market

The USVI are still one of the safest places in the world to own property

• Real estate appreciation has been a key factor in driving the U.S. economy out of the dot com recession,  and this hyper increase in values has created more wealth in the U.S. than the dot com era.
• There are only two spots in the Caribbean where a person can purchase property under the umbrella of the U.S. – the USVI and Puerto Rico.   Both of these areas are enjoying high estate appreciation,  but the real star has been the USVI – it is expected that real estate prices in the USVI will double by the end of 2008!  

Who is buying real estate in the USVI? 

• In 2006 St. Thomas had an average sales price of approximately $850,000 with almost half of the sales from condos or town homes.   St. John’s average sales price for the same period was close to $1,200,000.   Most of the sales on St. John were single family homes.  
• The typical Buyer in the USVI is merely transferring the mega appreciation they have acquired from other real estate holdings in the USA in order to purchase a part time home in the USVI.    Their other home(s) are typically on the U.S. mainland or Mexico.  
• They are typically a business owner or a highly successful executive who is winding down their most active business years.   They love the whole concept of “island living” that permeates the Caribbean.  
• Buyers want the comfort and security that comes from living within the U.S. standards of law,  government,  currency,  water,  food,  etc.   The USVI is a stable political scene compared to most of the other Caribbean Island.  It is the center of commerce in the Caribbean and is one of the finest tourist and sailing destinations in the world.  

The USVI location provides a convenient home for people to explore other Caribbean destinations.   Don’t forget,  it is only a short day sail from Red Hook to St. John and the British Virgin Islands ( BVI ) which can be seen by standing in Red Hook looking out on the Straits of Sir Francis Drake.  

The USVI has outstanding citizens who are kind and warmly welcome visitors.   Buyers want to explore the island culture experience,  and they look forward to participating in it’s diverse island activities;  SCUBA diving,  windsurfing,  kayaking,  exploring the islands’ interior,  snorkeling,  water skiing,  fishing,  and much more.