STX Real Estate Report: The Experts Speak
The 2025 St. Croix Real Estate market looks very promising for all sectors.
Last year marked the first return to seasonal highs and lows since the false COVID market. This year has followed a similar pattern with a quiet summer, but unlike last year, when buyer activity didn’t pick up until mid-November, we’ve seen an increase in buyer activity starting in August.
Compared to 2023, the overall Residential market appears healthier in terms of number of new listings, sales, average sales prices, and total sales volume.
During the COVID years (2021 through the third quarter of 2022), our luxury market saw an unprecedented number of sales with values reaching up to, and even exceeding $3 million levels, sales numbers of which St. Croix had never seen before. However, the past two years have experienced an expected slowdown in the higher end segment of the market, while other areas remain strong and continue to see increases in value.
The Condo market experienced a surge in new listings over the past 18 months.Though closed values have remained steady, days on market have increased, with some complexes like Villa Madeleine, even appreciating in value.
Land values have remained higher than pre-COVID levels but did not see the same boom as the condo and residential markets due to the time it takes to build and the cost often exceeding the price per square foot value when compared to property already built. This year, increased land inventory in some areas has begun to drive down values compared to the 2020-2022 period.
The Commercial segment of our market has shown consistent performance in terms of number of sales, with a notable increase in sales volume this year compared to 2023. Year-to-date through September, we’ve seen 14 sales in both 2023 and 2024, including a diverse mix of fixer-upper commercial properties, office spaces, hotels, and businesses. This year, two hotels sold for over $2,000,000, one of which had been on the market for several years before finally selling this year.
St. Croix has firmly established itself as a go-to, off-the-beaten path tourism destination, driven by its natural beauty, the revitalization of its historic districts and grand old hotels, and a well-done marketing campaign from our Department of Tourism. This growth has contributed to the success of local businesses, some of which are now for sale or have recently changed hands and are continuing to thrive under new ownership with strong financials.
Amy Land-de Wilde
Team Land-de Wilde
Coldwell Banker St. Croix Realty
340-690-1213
