US Virgin Island Real Estate Looking To Bounce Back From 2008 Crash

Some stunning stats in this article - not sure if they are all accurate or not - I was not aware things were quite so bad:

"In St John, the average price of condominium units plummeted to around US $300,000 this year, down 50.5% from 2009 prices. The average home sales price dropped 14% to US $1.28 million in 2009, but has rallied in 2010 with a 7% increase to US $1.37 million according to Islandia Real Estate. And the market for villas has started to look up in 2010 with a 15% increase in sales from 2009."