End of Year Market Report for St. Lucie County 2018

2018 End of Year St Lucie County

RECENTLY SOLD

SOLD $455,000 638 SE Hidden River Drive

SOLD $319,000 1282 SW Goodman Avenue

SOLD $289,000

SOLD $265,000

5528 NW Scepter Drive

475 SW Friar Street

SOLD $319,000 109 SW Saratoga Avenue

SOLD $252,000 2521 SE Caladium Court

SOLD $250,000

SOLD $245,000

SOLD $285,000

1785 SE Westmoreland Blvd

1039 NW Tuscany Drive

1060 SW Idol Avenue

Call to see how much your home is worth!

772-461-3250 SOLD $262,900 2623 Chestnut Lane

SOLD $260,000 159 NW Willow Grove Avenue

STUART OFFICE 2384 NW Federal Hwy Stuart, FL 34994 772-301-0600 PORT ST LUCIE OFFICE 7202 US-1 Port St. Lucie, FL 34952 772-878-3200

FORT PIERCE OFFICE 411 US-1 Fort Pierce, FL 34950 772-461-3250

www.FLColdwellBanker.com

2018 St Lucie County 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

3632

801

2.6

$187,631

403

79

2.4

$114,525

$250,000

2017

4116

664

1.9

$180,765

417

90

2.6

$96,848

Change

-11.8%

+20.6%

+36.7%

+4.0%

-3.4%

-12.2%

-9.2%

+18%

$250,001 to

2018

1783

856

5.8

$300,648

6

2

4.0

$352,167

$500,000

2017

1349

634

5.6

$305,263

3

4

16.0

$330,667

Change

+32.2%

+35.0%

+2.2%

-2.0%

+100.0%

-50.0%

-75.0%

+7.0%

$500,001 to

2018

86

84

11.7

$602,484

0

3

0

$1,000,000

2017

75

81

13.0

$628,639

2

2

12.0

$648,667

Change

+14.7%

+3.7%

-9.6%

-4.0%

-100.0%

0.50%

0

$630,000

Over

2018

12

19

19.0

$1,397,750

0

1

0

+3.0%

$1,000,000

2017

6

27

54.0

$1,393,167

0

3

0

0

Change

+100.0%

-29.6%

-64.8%

+0.0%

0.0%

-66.7%

0

0

2018

5513

1760

3.8

$233,279

409

85

2.5

$118,011

2017

5546

1406

3.0

$218,416

422

99

2.8

$101,037

Change

+0.6%

+25.2%

+25.9%

+7.0%

-3.1%

-14.1%

-11.4%

+17%

Total

Steady Sales in St Lucie Results in Moderate Price Gains Home sales on the St Lucie County mainland have been stable throughout 2018. Excluding the luxury market, price increased were moderate. Inventory is still tight below $250,000 so expect further price increases in the 4% to 6% range. However, in the above $250,000 market, one should expect harder negotiations as both buyers and sellers will need to set realistic expectations. With inventory levels at +25.2%, buyers have room to choose. Having a savvy real estate agent at your side will help. If you are considering buying or selling, call 772-461-3250 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