Real Estate Guide
Comprised of four main islands, the Virgin Islands are made up of the following islands: St. John, St. Croix, St. Thomas, Water Island, each offering a unique living experience. The smallest of all the islands, St. John is 9 miles long and 2 miles wide with approximately 60% of its land serving as a national park. St. John boasts 5000 acres of pristine National Parks deeded by Lawrence Rockefeller in 1956. While all that wonderful nature is to be truly enjoyed, it also makes for a smaller and more expensive real estate market.
St. John, also known as “love city”, is a laid back, lusciously green and pristine island. Many of the beaches have coral reef that is rather close to the shore so this makes St. John a great island for snorkeling. Aside from all of the water activities to partake in, this quaint island has a surprising number of fine dining options and high-end shopping that makes it impossible to run out of things to do! Like St. Thomas, St. John is ideally situated for cruisers as the it enjoys close proximity to the BVI’s providing a multitude of day trip possibilities.
St. John offers waterfront luxury homes, condominiums, vacation and timeshare properties. In 2018, the average St. John homes for sale had a listing price of $2,104,000 which has fallen approximately 13% in 2018 compared to 2017. In 2018, the average home sold for $1.049M. The average number of days that a property remains on the market is 240 days. While the overall number of condominiums sold has decreased by 14%, the current market is seeing positive trends which is great news for sellers. The main opportunities for employment include positions with the National Park Service, tourist industry, the medical clinic, and retail sales. If you’re due to retire from your 9 to 5 job and aren’t quite ready to own property, a vacation rental may be an option to consider. The sale of commercial and land properties is showing signs of recovery as new land listings increased by 9% in 2018. In 2020, there has been activity in all price points of the real estate market, with a boost in the high-end market — the average residential sales price is just under $1.3M for 2020 to date.
Neighborhoods in St. John
St. John is comprised of five quarters: Cruz Bay, Coral Bay, Maho Bay, Reef Bay, and East End. Although St John has approximately 4,500 year-round residents, the majority of people live in Cruz Bay and Coral Bay.
Cruz Bay is the heart of St. John, with hourly ferries running to and from St. Thomas from the island’s main port. St john is considered the “artsy” island, and Cruz Bay Town perfectly illustrates this with art lovers roaming through galleries and shoppers seeking bargain jewelry. Mongoose Junction and Wharfside Vilalge are must-see attractions in the area, with restaurants and activities galore. There are countless condos and rental properties to choose from in Cruz Bay, including popular residences like Gallows Point Resort, Grande Bay Resort, The Hills, Lavender Hill Suites, Cruz Views, Upper Deck Villas, and more. Explore Cruz Bay condos for sale or contact a Sea Glass real estate agent for more information.
Chocolate Hole is the premium neighborhood for Luxury Real Estate. In addition to gorgeous waterfront homes, Chocolate hole offers a quick drive to beaches on the North Shore & Maho Bay area. Still, it’s only 5-10 minutes outside of Cruz Bay Town, so you needn’t give up any conveniences like shopping, restaurants, and beaches to live here in Chocolate Hole.
Coral Bay Quarter— known as St John’s “other city.” Coral Bay is a quieter alternative to Cruz Bay Town, offering more simplicity and tranquility. Like Cruz Bay, Coral Bay is home to conveniences including mail centers, health centers, and grocery stores – but no gas stations. To get to Cruz Bay, take the scenic route along the north shore and enjoy views of tropical aquamarine waters as you drive.
For a quieter pace of life, real estate in Maho Bay Quarter on St. John’s North Shore is a luxurious upscale area, with a little bit more peace and quiet than Chocolate Hole. Some say Maho Bay is home to St. John’s most beautiful beaches, with gentle turquoise waters graced by Sea Turtles and snorkelers enjoying the year round good weather. Within Maho Bay, popular areas for buying real estate or purchasing a home include Peter Bay, one of the island’s most luxurious high-end neighborhoods characterized by stucco and native stone buildings.
East End Quarter is St. John’s best kept secret, boasting lovely views of the British Virgin Islands across the water. Real estate in East End is for those seeking a true escape from it all. For those seeking real estate somewhere remote and peaceful, St. John’s East End is the perfect place to invest in land or real estate.
Head down to the southernmost part of St. John and you’ll discover Reef Bay Quarter. Most of Reef Bay extends into Virgin Islands national park. On a clear day, Reef Bay offers views of St. Croix. One prominent neighborhood in Reef Bay Quarter is Fish Bay – a famous shark nursery. The Ditleff Point peninsula is one of the rare places on St John where you can watch the both the sunrise at dawn and the sunset over Caribbean waters.