St. John Real Estate Market Wrap-Up 2007

From the Islandia blog:

"A comparison of the St. John residential home sales for the year 2007 with that of 2006 is quite reassuring, particularly if you read the doom and gloom scenario for the mainland resort markets overall.

According to the St. John Multiple Listing Service Data, the total number of active listings increased only 5% from 207 to 218, with new listings down 20% from 120 to 96."

There are more statistics in the post - it will be interesting to see how soft the market on St. John gets if the mainland market continues to deteriorate.