RISMedia's Real Estate Magazine

FEB 2019

Real Estate magazine is the industry's leading source for real estate news and information since 1980. Published monthly by RISMedia, Real Estate magazine offers timely and relevant real estate news to the industry's top brokers and agents.

Issue link: http://remag.rismedia.com/i/1073841

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Page 32 of 110

28 February 2019 RISMedia's REAL ESTATE B ased in sunny St. Maarten, Sunshine Properties boasts an array of services that run the gamut and cover all aspects of property sale, rental and management. The team at Sunshine Properties is also uniquely positioned to provide each and every client the best service possible. Here, Broker Jonathan Schaede discusses the current state of the market—and why buyers are flocking to St. Maarten. Please describe your current housing market. Jonathan Schaede: Not only are we currently in the midst of a buyer's market, but also, prices are on the rise. It's important to note that while a majority of our buyers are purchasing second homes, with 60 percent of those buy - ers renting their properties out when they're not being used, 30 percent of our sales are new construction. The average home price in the area is right around $1 million. Tell us about the types of properties in your market and which are most popular. JS: We primarily deal with beachfront homes and apartments. St. Maarten: A Luxury Hotspot by Paige Tepping {Global Spotlight} Sunshine Properties specializes in beachfront homes and apartments, with an average sales price of about $1 million.

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