2018 3rd Quarter Hutchinson Island
RECENTLY SOLD
SOLD $1,625,000
SOLD $960,000
1502 Seaway Drive #5
3702 N A1A Ph 1
SOLD $630,000
SOLD $554,000
201 Fernandina Street
SOLD $312,000 600 Mariner Bay Blvd
SOLD $299,000 1906 Indiatlantic Drive
2900 NA1A 8D
www.FLColdwellBanker.com
SOLD $775,000 1705 Rio Vista Drive
SOLD $317,000 2400 S Ocean Drive 4341
SOLD $305,000
SOLD $300,000
2400 S Ocean Drive 8124
1321 Carlton Court
SOLD $262,500 5167 NA1A 103
Homes are selling fast! Call now to see how much your home is worth! 772-464-7007
PRSRT STD US POSTAGE PAID West Palm Bch, FL Permit #611
N Hutchinson Island Office 4007 Florida A1A Fort Pierce, FL 34949 772-464-7007 S Hutchinson Island Office 221 S Ocean Drive Fort Pierce, FL 34949 772-461-1324
Fort Pierce Office 411 US-1 Fort Pierce, FL 34950 772-461-3250
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www.FLColdwellBanker.com With 11 offices covering 135 miles of Florida’s East Coast, Coldwell Banker Paradise is the area’s largest full service real estate company.
2018 Hutchinson Island 3rd Quarter Real Estate
MARKET REPORT
Price Point
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
Condos Sold
Current Listings
Month’s Supply
Average Price
Under
2018
4
5
11.3
$187,875
124
60
4.4
$185,596
$250,000
2017
7
0
0.0
$221,429
136
49
3.2
$183,687
Change
-42.9%
0.0%
+100.0%
-15.0%
-8.8%
+22.4%
+34.3%
+2.0%
$250,001 to
2018
35
12
3.1
$318,566
124
95
6.9
$309,407
$500,000
2017
29
18
5.6
$372,894
85
63
6.7
$324,437
Change
+20.7%
-33.3%
-44.8%
-15.0%
+45.9%
+50.8%
+3.4%
-5.0%
$500,001 to
2018
14
8
5.1
$575,543
25
36
13.0
$708,280
$1,000,000
2017
16
19
10.7
$706,262
14
24
15.4
$641,607
Change
-12.5%
-57.9%
-51.9%
-19.0%
+78.6%
+50.0%
-16.0%
10%
Over
2018
6
8
12.0
$2,128,667
0
1
0
$1,000,000
2017
4
8
18.0
$1,688,750
0
5
0
$1,331,800
Change
+50.0%
0.0%
-33.3%
+26.0%
0.0%
-80.0%
0
-100.0%
2018
59
33
5.0
$554,761
273
192
6.3
$290,151
2017
56
45
7.2
$543,198
235
141
5.4
$261,876
Change
+5.4%
-26.7%
-30.4%
+2.0%
+16.2%
+36.2%
+17.2%
+12.0%
Total
Solid Increases and Healthy Inventory Keeps Island Market Thriving The Hutchinson Island market has evolved into a stable balanced market. Buyers have plenty of inventory to choose from with a 5 month supply available for sale. Sellers are still seeing a healthy increase in prices at 2%, this deepening with inflation. As a market that is strongly influenced by second home purchases, the market for the coming year will continue to slow but will still have steady growth. The weak Canadian dollar and and various instabilities in the financial markets, tend to continually affect this market. So, buyers should be able to get value and sellers should find willing buyers for their well-priced properties. If you are considering buying or selling, sit down with your real estate agent to find out the value of your current home. Call 772-464-7007 to contact your preferred real estate agent today.