As many relief workers have begun departing over the past few months, we are preparing for more new faces to join us on St. Croix. With the news that Oil Refining On St. Croix To Restart, 1,300 new jobs will be created during the construction phase and 700 jobs once the refinery is open in 2020.
New jobs and faces certainly has an affect on the real estate market. The rental market remains hot with very little turnover/availability and for sale inventory is low. It’s still a Buyer’s Market for now, but we expect to see that shift as current residents land jobs at the refinery and new workers make the choice to grow roots. If you’ve been considering buying, now is a good time to make it happen. If you’ve been considering selling, let’s discuss a strategy to maximize your investment.
Speaking of new faces, we’re looking forward to welcoming Brian, Laura, Nordie and Sugar Weller to St. Croix from Minneapolis. We worked with them to purchase land last November and they’ll be making the big move at the end of this month. Brian will be the new Hotel Manager at The Fred. Thank you to Kathy and Randy, owners of Caribbean Breeze Apartments and Vacation Homes for the referral!
Read Brian and Laura’s advice about buying land on St. Croix, then take a look at the panoramic views of this Seven Hills lot. It’s priced exceptionally well for having Christiansted Harbor and South Shore views.
While real estate inventory is relatively low right now, we have an excellent assortment of condos available, ranging from $118,000 to $1,295,000. We recently took a stroll through the Club St. Croix Condominium complex. The views were breathtaking and the breeze was fabulous. We’ll leave you with this inviting photo…