2014 Hutchinson Island 1st Quarter Market Report

2014 Hutchinson Island 1st Quarter Real Estate

MARKET REPORT

5505 S. Indian River Drive Offered at $2,850,000

FT. PIERCE S. HUTCHINSON 411 North US 1 772.461.3250

221 S. Ocean Drive 772.461.1324

OCEAN VILLAGE PORT ST. LUCIE 100 Mainsail Drive 772.489.6100

7202 S. US 1 772.878.3200

2014 Hutchinson Island 1st Quarter Real Estate Report We are pleased to present the first quarter key market indicators that have impacted local real estate values so far this year. We use this information to forecast market trends that are likely to occur throughout the year. We believe the only way buyers, sellers and homeowners can make informed decisions is to have the most current and comprehensive information available. As specialists in the local market, we understand the significance of having accurate, detailed information that is specific to our area.

Historically, both the housing market and economy have been cyclical. After years of declining real estate values, stabilization is finally at hand. Our analysis of the indicators reflect mixed results for the first quarter of 2014 when compared to a year earlier. Sales activity in most categories increased, and inventory levels remained close to stable, or decreased. However changes in the average sales prices varied in different market segments. The overall data suggests a positive change in our local real estate market is well underway.

We invite your inquiries and welcome the opportunity to be of service to you. Please contact us directly at 772-461-3250 in Ft. Pierce, 772-461-1324 on S. Hutchinson Island, 772-489-6100 in Ocean Village and 772-878-3200 in Port St. Lucie.

If you would like to continue getting our quarterly updates, just let us know. Email us at Schlitt@ColdwellBanker.com. We will make sure that a copy is delivered to you quarterly.

All the best,

Linda Schlitt Gonzalez and Steven Schlitt, Owners

HUTCHINSON ISLAND SINGLE FAMILY HOMES 1st QUARTER 2014 COMPARISON TO 1st QUARTER 2013 Price Point Under $500,000

$500,001 to $1,000,000

Over $1,000,000

Total

1st Quarter

Homes Sold

Current Listings

Month’s Supply

Average Price

2014

20

37

5.5

$291,810

2013

17

52

9.2

$243,617

Change

+18%

-29%

-40%

+20%

2014

1

22

66

$567,500

2013

1

26

78

$625,000

Change

+0%

-15%

-15%

-9%

2014

0

7

N/A

N/A

2013

0

10

N/A

N/A

Change

0%

-21%

N/A

N/A

2014

21

66

9.4

$296,857

2013

18

88

14.7

$289,421

Change

+17%

-25%

-36%

+3%

HUTCHINSON ISLAND CONDOS 1st QUARTER 2014 COMPARISON TO 1st QUARTER 2013 Price Point

1st Quarter

Condos Sold

Current Listings

Month’s Supply

Average Price

2014

93

276

8.9

$208,775

2013

103

339

9.9

$216,316

Change

-10%

-19%

-10%

-3%

2014

12

28

7

$621,042

2013

6

39

19.5

$607,167

Change

+100%

-28%

-64%

+2%

2014

0

0

N/A

N/A

2013

0

1

N/A

N/A

Change

0%

N/A

N/A

N/A

2014

105

304

8.7

$254,671

2013

109

379

10.4

$237,831

Change

-4%

-20%

-17%

+7%

Under $500,000

$500,001 to $1,000,000

Over $1,000,000

Total

EXCLUSIVELY PRESENTING:

$2,580,000

$1,595,777

$1,300,000

4560 25th Street

2318 Tamarind Drive

INTRACOASTAL MANSION • S. HUTCHINSON

EQUESTRIAN STONE PALACE • WHITE CITY

$1,150,777

$895,000

$399,000

931 Jack Island Access Road

2501 S. Indian River Drive

118 Southpointe

8053 S. Indian River Drive

JACK ISLAND • HUTCHINSON ISLAND

INDIAN RIVER DRIVE • HUTCHINSON ISLAND

OCEANFRONT ESTATE • HUTCHINSON ISLAND

SOUTHPOINTE • OCEAN VILLAGE

WE INVITE YOU TO VIEW OUR ENTIRE COLLECTION AT: FLColdwellBanker.com

*********ECRWSSEDDM**** POSTAL CUSTOMER

A SELECTION OF RECENT SOLDS:

C

oldwell Banker Paradise is the largest real estate brokerage firm in the area, with 9 offices serving St. Lucie, Indian River and Brevard Counties. We are commited to providing the highest level of real estate services to our clients.

For over 60 years our family-owned and operated company has assembled a highly trained and professional sales organization. We have specialists in residential and commercial sales, leasing services for both, as well as a property management division.

Whether you are considering buying, selling, leasing or professional management of your property, give us a call. We are open 7 days a week for your convenience.

FT. PIERCE 772.461.3250

S. HUTCHINSON 772.461.1324

OCEAN VILLAGE PORT ST. LUCIE 772.489.6100

772.878.3200