Years End Market Report for Hutchinson Island

2018 End of Year Hutchinson Island

RECENTLY SOLD

SOLD $575,000

SOLD $565,000

4310 N Hwy A1A 201S

3000 NA1A 3D

SOLD $554,000

SOLD $450,000

SOLD $550,000 17 Crown Court

SOLD $330,000

2900 NA1A 8D

2400 S Ocean Drive 4252

SOLD $315,000

SOLD $280,000

SOLD $269,000

5167 NA1A 405

3223 Lakeview Circle 204

2400 S Ocean Drive 2352S

206 Fernandina Street

Call to see how much your home is worth!

772-464-7007 or 772-461-1324 SOLD $242,000 2400 S Ocean Drive 2337

SOLD $210,000 4200 N Hwy A1A 114

N Hutchinson Island Office 4007 Florida A1A Fort Pierce, FL 34949 772-464-7007 Fort Pierce Office 411 US-1 Fort Pierce, FL 34950 772-461-3250

S Hutchinson Island Office 221 S Ocean Drive Fort Pierce, FL 34949 772-461-1324

www.FLColdwellBanker.com

2018 Hutchinson Island End of Year 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

7

2

3.4

$193,071

151

50

4.0

$188,232

$250,000

2017

7

2

3.4

$221,429

170

50

3.5

$181,366

Change

0.0%

0.0%

0.0%

-13.0%

-11.2%

0.0%

+12.6%

+4.0%

$250,001 to

2018

40

19

5.7

$328,605

155

122

9.4

$311,359

$500,000

2017

37

16

5.2

$372,682

124

82

7.9

$322,453

Change

+8.1%

+18.8%

+9.8%

-12.0%

+25.0%

+48.8%

+19.0%

-3.0%

$500,001 to

2018

19

9

5.7

$593,921

30

55

22.0

$696,000

$1,000,000

2017

19

20

12.6

$723,958

24

28

14.0

$632,625

Change

0.0%

-55.0%

-55.0%

-18.0%

+78.6%

+96.4%

+57.1%

10%

Over

2018

7

11

18.9

$2,381,714

0

1

0

0

$1,000,000

2017

4

11

33.0

$1,688,750

0

5

0

0

Change

+75.0%

0.0%

-42.9%

+41.0%

0.0%

-80.0%

0

0

2018

73

41

6.7

$581,536

336

228

8.1

$290,368

2017

67

49

8.8

$535,066

318

165

6.2

$270,438

Change

+9.0%

-16.3%

-23.2%

+9.0%

+5.7%

+38.2%

+30.8%

+7.0%

Total

Luxury Market Dominates Sales on Hutchinson Island While home prices increased 9% and condo prices rose 7% in the last year, the strongest increases were in the luxury market. Condominium prices below $500K were almost flat and home prices dropped. Newer quality and luxury homes will continue to push up the average price in 2019. Inventory is no longer tight and is beginning to tip towards a buyers market. Sellers should expect harder negotiations and to be successful will need to set realistic expectations. Having a savvy real estate agent at your side will help. If you are considering buying or selling, call 772-464-7007 on N. Hutchinson Island or 772-461-1324 on S. Hutchinson Island to speak with an agent right away. Coldwell Banker Paradise is a proud member of the Schmidt Family of Companies, making us part of the 20th largest brokerage in the country. Specializing in luxury and resort markets, we have offices on the East Coast and West Coast of Florida, throughout North America, and in the Virgin Islands.

FLColdwellBanker.com