Hutchinson Island
3rd Quarter Market Report RECENT SOLDS
Linda Nelson, REALTOR® • 772-971-7147
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
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 Linda Nelson at 772-971-7147 or email Lindanel2001@yahoo.com to find out what your home is worth! www.FLColdwellBanker.com
HUTCHINSON ISLAND SPECIALIST LINDA NELSON - LUXURY, WATERFRONT REAL ESTATE EXPERT Being a top producer and the highest sales agent within Coldwell Banker Paradise for a number of years, means that I sell a lot of properties and I have a proven track record. This year I qualified to join the company’s 2017 International President’s Circle. This prestigious membership has been awarded to the top six percent of all sales associates worldwide in the Coldwell Banker® system. I work diligently to ensure that every buyer and seller receive superior service and satisfied results. I feel that honesty and professional representation is most important in any real estate transaction. I am a specialist that has the tools, knowledge and experience to best serve your real estate needs.
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 772-971-7147 to speak to Linda Nelson, REALTOR® today!