Not all of the U.S. is in a deep real estate recession: St. Croix, USVI
St. Croix is one of three major islands in the Caribbean constituting the United States Virgin Islands. St. Croix is the largest of the U. S. Virgin Islands. Just as beautiful as the other islands, St. Croix has much less tourism, and is not as densely populated as St. Thomas. These elements make it perfect for those who own homes on the Island. The Island has not seen the fall of real estate prices like the main land of the United States. As a matter of fact, 2008 saw the highest average sales price over the prior five year period. Although 2008 saw the lowest number of sales over the same period, there were fewer properties on the market in 2008. Responding to potential buyers, who submitted multiple offers without understanding why sellers were reluctant to reduce their price, a Re/Max realtor exclaimed, "This is not the US market!" The realtor points out that most St. Croix sellers do not have to sell, and the St. Croix housing market continues to be the most undervalued bargain in the entire Caribbean. See---> .http://bit.ly/bbhoB
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