1st Quarter Hutchinson Island Market Report_Ochse

Hutchinson Island

RECENTLY SOLD The Ochse Global Luxury Team - 772-633-8200

SOLD $995,000

4160 N Hwy A1a #1007A

SOLD $410,000

3010 Windward Drive

SOLD $340,000

5061 N Hwy A1a #801

SOLD $315,000

1120 Granada Street

SOLD $535,000 1671 Binney Drive

SOLD $380,000

1920 Rio Vista Drive

SOLD $325,000

5047 N Hwy A1a #1402

SOLD $285,000

219 River Walk #10

SOLD $429,000

2400 S Ocean Drive #4174

SOLD $369,000

4100 Hwy A1a #132

SOLD $317,000

5047 N Hwy A1a #1101

Homes are selling Fast!

Call Daniel Ochse at 772-633-8200 or Natalie Ochse at 772-370-8675 to find out what your home is worth! www.FLColdwellBanker.com

HUTCHINSON ISLAND SPECIALISTS

DANIEL & NATALIE OCHSE - THE OCHSE GLOBAL LUXURY TEAM One of the area’s most respected Global Luxury Teams, Daniel Ochse and Natalie Ochse represent Coldwell Banker Paradise as a Luxury Residential, Commercial & Agricultural Real Estate Team. Daniel is originally from South Africa where he enjoyed a successful career in the wine and dairy industry before moving to California then to Florida. Daniel brings extensive international experience and is uniquely qualified to represent buyers and sellers in Florida. Natalie, a hometown girl, is an experienced real estate agent specializing in family homes and together they can exceed all of your real estate needs.

2018 Hutchinson Island 1st Quarter Real Estate Price Point

Year

Homes Sold

Under

2018

$250,000

2017

MARKET REPORT Current Listings

Month’s Supply

Average Price

Condos Sold

Current Listings

Month’s Supply

Average Price

4

2

1.5

$172,275

39

68

5.2

$192,947

4

0.0

0.0

$229,250

44

78

5.3

$178,177

Change

0.0%

-

-

-25.0%

-11.4%

-12.8%

-1.6%

+8.0%

$250,001 to

2018

9

19

6.3

$311,222

27

101

11.2

$315,700

$500,000

2017

12

16

4.0

$346,590

25

70

8.4

$310,148

Change

-25.0%

+18.8%

+58.3%

-10.0%

+8.0%

+44.3

+33.6%

+2.0%

$500,001 to

2018

4

24

18.0

$635,000

5

42

25.2

$756,800

$1,000,000

2017

3

23

23.0

$700,833

0

22

-

-

Change

+33.3%

+4.3%

-21.7%

-9.0%

-

+90.9%

-

-

Over

2018

2

8

12.0

$2,972,500

0

0

-

-

$1,000,000

2017

1

9

27.0

$1,690,000

0

3

-

-

Change

+100.0%

-11.1%

-55.6%

+76.0%

-

-100%

-

-

2018

19

53

8.4

$630,268

71

211

8.9

$279,336

2017

20

48

7.2

$443,429

69

173

7.5

$225,993

Change

-5..0%

+10.4%

+16.2%

+42.0%

-5.0%

+10.4%

+16.2%

+42.0%

Total

The Hutchinson Island condominium market is well balanced

and should sustain steady moderate price increases, while buyers enjoy a sufficient supply of inventory from which to choose.

The biggest news in Hutchinson Island housing is the growth of the luxury home market. Homes $500,000 to over $1 million, once unheard of, are now steadily selling and inventory is growing to keep pace with demand. Keep an eye on this portion of the market to continue to expand.

Supply in the under $250,000 market is at 5.3 months and should continue at this level. In the $250,000 to $500,000 market, supply has grown to approximately 11 months and price increases in the 2% range or lower will probably continue.

If you would like to find the right price for your home in today’s changing market, contact The Ochse Global Luxury Team today! Call Daniel Ochse, PA, Broker Associate at 772-633-8200 or Natalie Ochse, Realtor at 772-370-6875.

www.FLColdwellBanker.com • The Ochse Global Luxury Team 772-633-8200