A Remarkable 10-year Growth Rate in Island Property Values: Overall, average and median prices of home sales climbed 3.8% and 2.0% respectively on the island last year and top off the remarkable investment gains of island homeowners over the past 10-years (2014-2023) – specifically, the 10-year island wide price appreciation index, as calculated by the island MLS Linkmv, shows a compound annual growth rate of 9.3% per annum. And is why home buyers see the island as one of the best low risk investments available.
So if you’ve ever considered buying or selling, now may be the perfect time to enter the market. Please call me to discuss your options and any questions you might have about the market, or to receive a no cost, no obligation market analysis of what’s for sale and/or your property. Thank you for your time and consideration! Feel free to contact me with any of your real estate questions. I am always here to help.