Hutch flipbook 2nd qtr

2016 Hutchinson Island Mid-Year Real Estate

MA RK ET R EP ORT 4007 N Highway A1A N Hutchinson Island, FL 34949

772-464-7007

100 Mainsail Drive Fort Pierce, FL 34949

221 S Ocean Drive Fort Pierce, FL 34949

772-489-6100

772-461-1324

Hutchinson Island

Mid-Year Comparison 2016 to 2015 New Construction and Higher Sales Showcase Healthy Island Market

56

Inventory of single family homes continues to tighten

Homes Sold

except at the higher end of the market leading to a decrease in listings of -58.2%. However, new



construction on the Island is creating a healthy 38.2% price increase and a 24.4% growth in sales. This type

+24.4%

of market growth is what keeps pricing competitive.

Average Price +38.2%

$464K

SINGLE FAMILY HOMES Price Point Under $250,000

$250,001 to $500,000

$500,001 to $1,000,000

Over $1,000,000

Total

Year

Homes Sold

Current Listings

Month’s Supply

Average Price

2016

18

2

0.7

$203,433

2015

21

4

3.0

$191,464

Change

-14.3%

-50.0%

-77.8%

+6.3%

2016

25

19

4.6

$380,544

2015

15

20

13.5

$364,414

Change

+66.7%

-5.0%

-66.2%

+4.4%

2016

8

23

17.3

$342,072

2015

9

16

17.0

$626,584

Change

-11.1%

+43.8%

+1.5%

-45.4%

2016

5

6

6.8

$1,542,000

2015

0

6

0

$0

Change

0%

0%

0%

0%

2016

56

50

5.4

$464,678

2015

45

46

9.8

$336,138

Change

+24.4%

+8.7%

-45.3%

+38.2%

Your Housing Forecast!

Increased Sales and Decreased Inventory will Continue to Drive Prices Up

FOR SELLERS:

Chance of Clouds!!

Competitive pricing and a market savvy Realtor can help you navigate. Let’s work together to make your home the one buyer’s are looking for!!

Inventory is tightening for Island condos with a -58.2% decrease in month’s supply. The vital news is that there was a 35.7 increase in sales. Pricing continues

FOR BUYERS & INVESTORS:

to dictate sales in this market. Overall

Sunny with a chance of clouds! This Hot market is getting competitive! It will take an experienced Realtor to help you navigate! Let us be your GUIDE!

average price increased a healthy12.7% and is likely to continue due to lack of inventory. It is good news for both

CALL US TO SEE HOW MUCH YOUR HOUSE IS WORTH IN THIS TIGHT MARKET!

sellers and buyers as this market continues to stay competitive.

CONDOS Price Point Under $250,000

$250,001 to $500,000

$500,001 to $1,000,000

Over $1,000,000

Total

772-461-1324/464-7007

Year

Condos Sold

Current Listings

Month’s Supply

Average Price

2016

134

55

2.5

$185,719

2015

125

67

5.5

$160,589

Change

+7.2%

-17.9%

-55.2%

+15.6%

2016

105

78

4.5

$319,529

2015

46

85

20.4

$326,424

Change

+128.3%

-8.2%

-55.2%

-2.1%

2016

8

15

11.3

$633,750

2015

11

11

6.9

$583,318

Change

-27.3%

+36.4%

+63.0%

+8.6%

2016

0

0

0

$0

2015

0

3

0

$0

Change

0%

+100.0%

0%

0%

2016

247

148

3.6

$257,113

2015

182

166

8.6

$228,053

Change

+35.7%

-10.8%

-58.2%

+12.7%

R E C E N T LY S O L D H U T C H I N S O N I S L A N D P R O P E R T I E S :

$1,030,000

1663 Thumb Point Drive

$658,000

123 Queen Ann Court

$628,580

967 Tarpon Flats Drive

E X C L U S I V E LY P R E S E N T I N G :

$339,000

5049 N A1A #601

$160,000

1831 Binney Drive

$299,000

14 Harbour Isle Drive W PH1

A B O U T C O L DW E L L B A N K E R PA R A D I S E :

Voted BEST Indian River County brokerage by the readers of Treasure Coast Newspapers,Coldwell Banker Paradise is the oldest and largest, full service real estate company on the Space and Treasure Coast. Originally established by Ed and Marguerite Schlitt over 63 years ago in Vero Beach, the company is now owned by sister and brother team Linda Schlitt Gonzalez and Steven Schlitt. We are proud to boast that we have over 270 savvy real estate agents and 48 full time staff, including an exceptional fully staffed marketing department.We represent luxury, residential and commercial properties, along with having a property management division in each of our ten offices.

C O L D W E L L

B A N K E R

P A R A D I S E

W W W. F L C O L D W E L L B A N K E R . C O M