2018 3rd Quarter St Lucie & Martin County
RECENTLY SOLD Kathleen Nalley & Robin Pacheco, REALTORS® Kathleen: 772-940-3240 • Robin: 772-777-9039
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
Homes are selling fast! Call Katie or Robin now to see how much your home is worth! SOLD $262,900 2623 Chestnut Lane
SOLD $260,000 159 NW Willow Grove Avenue
Kathleen: 772-940-3240 Robin: 772-777-9039
Our Promise To You We are here to look out for your best interest and help you make good decisions. Our job is not just to get your house sold, but to create a successful sale; to get you to the closing table on time, with the fewest amount of problems and with the most money in your pocket.
Kathleen.Nalley@cbparadise.com Robin.Pacheco@cbparadise.com
2018 St Lucie County and Martin County 3rd Quarter Real Estate
In summary, our job responsibilities are to first share how to enhance your home, how to package it for profit and how to determine the best asking price. Second, to give your home total market exposure, create more demand, get more offers, make sure buyers are serious and qualified and make sure the transaction is worry free. Coldwell Banker Paradise is a full-service company based on integrity and putting you first. As your trusted advisors we are always looking out for your best interest.
Kathleen & Robin
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. Steady growth is not overheated and that should give buyers peace of mind. If you are considering buying or selling, sit down with Kathleen or Robin to find out the value of your current home. Call Kathleen Nalley, Realtor® at 772-940-3240 or Robin Pacheco, Realtor® at 772-777-9039 today.