St Lucia Property Sales Overview
The median property value in St Lucia for December is $1,550,871.
Houses have increased by 2.39% for the month and decreased 0% for the year.
Rental demand is up with yields decreasing in February to 2.41%, from 2.42% in January.
The number of properties sold this quarter is down on last quarter from 47 to 5. This is down on the 5 year quarterly average of 78 indicating weaker demand.
What's the median House price in St Lucia in December 2021?
The median property value for houses in St Lucia is $1,550,871.
This is an increase of 2.39% ($1,514,731) from last month.
How much does it cost to rent a House in St Lucia?
Rent prices in St Lucia are the highest they've been in 12 months at $687.
This is up 13.18% from a 12 month low of $607 in April 2021 and a 1.18% up from last month.
What's the current rental yield in St Lucia?
Rental yields for houses in St Lucia have decreased in December for the 3rd consecutive month.
This is the same from a 12 month low of 2.41% in December 2021 and down from a 12 month high of 2.83% in January 2021.
How many properties sold in St Lucia in February?
Total sales volume in St Lucia is 5, which is down from 47 in the previous quarter.
This is -28.57% weaker than the weakest quarter in the last 5 years which was Q1 2020 with 7 sales and -81.48% weaker than the strongest quarter in the past 5 years which saw 27 sales in Q3 2020.
How long did it take to sell a property in St Lucia in February?
20 days is the average time on market in St Lucia in December, which is the same from 20 in November and has been trending down since December 2020.
This can indicate a buyers market where sellers are finding it harder to make a sale.
Are properties selling below or above the listing price in St Lucia?
December sees the vendor expectation error for St Lucia at 3.9% which means, on average, places sold for 3.9% more than the listing price.
This is handy to know as a buyer to set your expectation and to give you a more realistic view of what you might expect properties to sell for on auction day.
It’s worth noting that in a hot market you might want to set your price expectations even higher than the 3.9% as things can move pretty quickly.