2018 3rd Quarter St Lucie County & Martin County
RECENTLY SOLD
SOLD $1,025,000
SOLD $620,000
5287 SW Anhinga Ave, Palm City
18501 Tranquility Base Lane
SOLD $519,000 709 SE Hidden River Drive
www.FLColdwellBanker.com
SOLD $559,000 2871 NE Pinecrest Lakes Blvd
SOLD $500,000
SOLD $389,000
1639 SW Dyer Point Road, Palm City
2001 SW Import Drive
SOLD $330,000
SOLD $286,000
SOLD $285,000
938 SW 33rd Street, Palm City
612 NE Muskrat Run
1060 SW Idol Avenue
SOLD $262,900 2623 Chestnut Lane
SOLD $260,000 159 NW Willow Grove Avenue
Homes are selling fast! Call now to see how much your home is worth! 772-301-0600
STUART 2384 NW Federal Highway Stuart, FL 34994 772-301-0600 FORT PIERCE OFFICE 411 US-1 Fort Pierce, FL 34950 772-461-3250
PRSRT STD US POSTAGE PAID West Palm Bch, FL Permit #611
PORT ST LUCIE OFFICE 7202 US-1 Port St. Lucie, FL 34952 772-878-3200
ECRWSS *********ECRWSSEDDM********
www.FLColdwellBanker.com
POSTAL CUSTOMER
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 St Lucie County and Martin County 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
2763
700
2.3
$187,212
306
88
2.6
$107,115
$250,000
2017
3162
615
1.8
$184,870
306
69
2.0
$95,710
Change
-12.6%
+13.8%
+30.3%
+1.0%
0.0%
+27.5%
+27.5%
+12%
$250,001 to
2018
1381
757
4.9
$300,804
6
2
3.0
$352,167
$500,000
2017
970
668
6.2
$315,573
3
4
12.0
$330,667
Change
+42.4%
+13.3%
-20.4%
-5.0%
+100.0%
-50.0%
-75.0%
+7.0%
$500,001 to
2018
73
80
9.9
$603,462
0
2
0
$1,000,000
2017
56
86
13.8
$678,603
1
2
18.0
Change
+30.4%
-7.0%
-28.6%
-11.0%
-100.0%
0.0%
0
Over
2018
11
13
10.6
$1,397,727
0
3
0
$1,000,000
2017
5
24
43.2
$1,132,000
0
3
0
Change
+120.0%
-45.8%
-75.4%
+23.0%
0.0%
0.0%
0
2018
4228
1550
3.3
$234,651
312
95
2.7
$111,827
2017
4193
1393
3.0
$222,830
310
78
2.3
$99,546
Change
+0.8%
+11.3%
+10.3%
+5.0%
+0.6%
+21.8%
+21.0%
+12%
Total
$580,000
$1,700,000
Healthy Market: Great News for Both Buyers and Sellers The current St. Lucie and Martin County real estate market can be best be described as Strong and Healthy. Inventory is tight, but growing, and price increases this year have been moderate and sustainable. While there is only a 3 month supply of available inventory, the supply is better than it was at this time last year. New construction is filling the void created by the tight supply of resale homes, and this is moderating price increases. Anyone beginning a new home search should consult with their agent about the availability and price difference of buying a new home. While the new home will be more expensive upfront, the reduced maintenance in the near term and lower insurance and energy costs can help to make up for that.
Sellers still have lots of buyers to choose from and a correctly priced house should find a qualified buyer. The average price for homes has only increased 5% from a year ago. That trend should remain the same going into next year. Job and income growth are strong, but rising interest rates mean higher payments so buyers are not likely to stretch beyond a 4 - 7% increase in over the next year. All of this is great news for both buyers and sellers. Steady growth is not overheated and that should give buyers peace of mind. If you are considering buying or selling, sit down with your real estate agent to find out the value of your current home. Call 772-301-0600 to contact your favorite real estate agent today.