St. Thomas Real Estate Trends

Thursday, March 01, 2007 - The stock market's going crazy and major newsmakers like CNN are reporting home prices dropping and sales are sagging! Is it any wonder that home buyers looking at the US Virgin Islands would question how this affects our tiny little island in the sun?

While the economy and the weather do affect our tourism industry, real estate prices continue to be stable and interest in our Caribbean community has seen an increase. New home building brings higher standards to our market and the luxury sector of the market has seen a surge in high end multi million dollar homes.

So if you're thinking of a vacation home or running away from cold weather and a stressfull lifestyle permanently you can consider our American Paradise with confidence. Recent Elections have spurred new enthusiasm and optimism for the economy here. Leaders in the  business community have rallied support for our new governor John deJongh - look for positive changes!