2017 Hutchinson Island Mid-Year Real Estate
MARKET REPORT
Mike and Amy Mike & Amy Dahan - Your Trusted Team in Real Estate Mike Dahan - 772-812-9600 or michel_dahan@yahoo.com Amy Dahan - 772-475-7561 or amy.dahan@coldwellbanker.com
Hutchinson Island Mid-Year Comparison 2017 to 2016 2nd Quarter Activity Leads to Gains in Hutchinson Island Market Many homeowners, especially at the over $500k price point, have recovered enough equity to start exploring their options. This has led to increases in both inventory and sales at this level, providing a real upturn in activity on Hutchinson Island for the 2nd Quarter reports Coldwell Banker Paradise.
increasing and homes under $500K adjusting in price. It will serve them well to have an experienced agent keeping them up to date with new properties on the market.
Waterfront and new development dominated the 2nd
“Its a great time to sell with real movement in the market,
Quarter single family home sales. The largest improvement for Hutchinson Island properties was in the over $1M market with a significant amount of new listings at 83.3%. Homeowners are likely seeing the positive trend in the sellers market with buyers buying at a fast rate. Price increases were healthy, while overall sales saw a decrease of 21% (mostly due to inactivity at the beginning of the year). Inventory has been steadily increasing providing more selection for buyers.
and if you are in the market to buy, now is a better time than ever,” stated Coldwell Banker Paradise Co-Owner and Broker Linda Schlitt Gonzalez. “Interest rates are likely to rise, now would be advisable for buyers to jump in.”
Buyers relocating to Hutchinson Island will find inventory
Condominium sales on Hutchinson Island are experiencing a market adjustment, with sales down and prices stabilizing.
With eleven offices from Stuart to Satellite Beach, Coldwell Banker Paradise prides itself on providing the best market analysis available to home buyers and sellers through its Quarterly Market Reports and its knowledgeable agents.To find out what your home may be worth in this market, call Mike Dahan at 772-812-9600 or Amy Dahan at 772-475-7561.
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
2017
7
0
0.0
$221,429
2016
18
2
0.7
$203,433
Change
-61.1%
-100.0%
-100.0%
+9.0%
2017
24
15
3.8
$364,497
2016
25
19
4.5
$380,544
Change
-4.0%
-21.1%
-17.8%
-4.0%
2017
10
25
15.0
$704,020
2016
8
23
17.3
$342,072
Change
+25.0%
+8.7%
-13.0%
+106%
2017
3
11
22.0
$1,876,667
2016
5
6
7.2
$1,542,000
Change
-40.0%
-83.3%
205.6%
22%
2017
44
51
7.0
$522,003
2016
56
50
5.4
$421,820
Change
-21.4%
+2.0%
+29.8%
+24.0%
Price Point
CONDOS
Year
Condos Sold
Current Listings
Month’s Supply
Average Price
2017
100
58
3.5
$187,382
2016
134
55
2.5
$185,719
Change
-25.4%
+5.5%
+41.3%
+1.0%
2017
65
73
6.7
$318,680
2016
105
78
4.5
$319,529
Change
-38.1%
-6.4%
+51.2%
0.0%
2017
6
22
22
$606,917
2016
8
15
11.3
$633,750
Change
-25.0%
+46.7%
-28%
-4.0%
2017
171
156
5.5
$252,011
2016
247
148
3.6
$257,112
Change
-30.8%
+5.4%
+52.3%
-2.0%
Under $250,000
$250,001 to $500,000
$500,001 to $1,000,000
Total
A Selection of Recently Sold Properties
$832,700
$776,300
$450,000
$350,000
$224,000
$112,000
1707 Sunset Isles Road
1906 Coconut Drive
2900 A1A, The Atrium
7 Harbour Isle Drive
2400 S Ocean Drive
2400 S Ocean Drive
Coldwell Banker Paradise Dominates Hutchinson Island Listings & Sales!
With 68 years of experience in the 30 Fort Pierce market, Coldwell Banker Paradise continues to outpace all other companies, in both sales and listings. 25 “One of the main reasons we continue to do so well in this market is 20that customers know and trust our name, our history and our company and 15most importantly, our values. Hoyt Murphy was fundamental to bringing ethics and 10 we integrity to Fort Pierce real estate, are proud to carry on his legacy and tradition,” stated Co-Owner and Broker 5 Linda Schlitt Gonzalez. Proud of its history, grounded0 in tradition, and growing thanks to its values, Coldwell Banker Paradise is the area’s oldest and largest, fullservice Real Estate Company. Founded in 1953 by Ed and Marguerite Schlitt, and currently led by their son and daughter, Steven and Linda, the entire Coldwell Banker Paradise family of agents and staff proudly embrace the Schlitt principles of honesty, hard work and an unwavering commitment to outstanding customer and community service.
Chart Title
28.3%
Marketshare for 34949
“Customers know and trust our name...” --Linda Schlitt Gonzalez 6.9%
6.5%
5.7% 3.1%
Sorensen Sotheby’s Series1 Series2 Series3
Harbour Series4 Isle
2.8%
1
PreferredSeries6 Series5
KW Series7
2.6%
2.5%
Beach Series8 Front Mann
Atlantic Shores
*Taken from Brokermetrics, YTD Total List & Sold for 34949.
Nobody Knows the Market Like We Do!
room to grow. With our knowledge of the local market, our agents years of experience and our companies vast property managment experience, we really can bring the best of services to our customers,” added Linda Schlitt With 28.3% market share, Coldwell Gonzalez. Banker Paradise has a solid foothold on Hutchinson Island, but “we have To find out more about our services, visit one of our Island Offices today! “My father and mother set a high standard,” stated Steven Schlitt. “They spent a lifetime striving to be the best in the profession and that is what I strive for every day.”