How did St John's Real Estate Market do in 2019?
Wait, How do you focus on Real Estate when you have these amazing views everyday?
St John’s 2019 Real Estate Stats are in, and things remain on an upward trend. The last decade has seen growth in nearly all economic sectors and St John’s Real Estate market has matched that pace. Trendlines point to continued upward data points for sales on St John. In 2019 there was nearly $70 Million Dollars in sold volume across the market over 92 closings. This includes land, homes and condos and marks a 62% increase over 2017 numbers!
45 residential closings in 2019 is down slightly from 2018’s numbers, but still showing a steady upward trend since 2008. Despite the reduced number of closings and volume, average price rose over $100,000 to $1.170M.
There are currently 162 homes on the market with an average list price of $2.06M. 50 of those are under $1M. 6 are under $500K. 48 are over $2M with the highest price home a Peter Bay Stunner at $10,950,000
There are lots of amazing deals out there and it remains a buyer’s market. We forecast that buyer’s market to continue for the next year, but with the popularity of the island and tourism at an all time high, we could see a shift to a seller’s market and increasing prices by 2021 with new and hungry buyers snatching up all of the good deals.
Want to escape the cold and come real estate shopping? We are running an amazing sale on available weeks. Click here to check out vacation rentals and find our open weeks. Use the code “sunshine” when booking to get your discount.
As always, our phones are always available to you if you’d like to discuss Real Estate, Vacation Rentals or anything St John.