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.
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B A N K E R
P A R A D I S E
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