Hutchinson Island First Quarter Real Estate Market Report

2015 Hutchinson Island First Quarter Real Estate

MARKET REPORT

PARAGON North Hutchinson Island Available from $580,000 - $700,000

FT. PIERCE S. HUTCHINSON OCEAN VILLAGE PORT ST. LUCIE N. HUTCHINSON 411 N. US 1 772.461.3250

221 S. Ocean Drive 772.461.1324

100 Mainsail 772.489-6100

7202 S. US 1 772.878.3200

4007 N. Hwy. A1A 772.464.7007

Coldwell Banker Paradise Reports Positive Housing Market Trends for 1st Quarter of 2015 on Hutchinson Island

Shrinking inventory, steady economic improvement and consumer confidence led to overall gains in the local housing market, reported Coldwell Banker Paradise, the trusted leader in local real estate from Jensen to Cocoa Beach in its just released 2015 1st Quarter market analysis available to its agents and their clients. “Just as 2014 was a transition year from recovery to stabilization, so has 2015 started out, steady but overall positive across the board, it is just the kind of steady and slow rate of growth we like to see,” stated Co-Owner and Broker Steven Schlitt.

On Hutchinson Island average prices continued to increase, especially at the lower end of the price range.

For single family homes and condos on Hutchinson Island average prices continued to increase, especially at the lower end of the price range. With half as much inventory as this time last year, prices are expected to continue to increase at a stronger level for those at the lower end of the price range, but only modestly for those houses and units priced over $500k.

What’s my home or condo worth in today’s market?

Coldwell Banker Paradise agents are experts in the local housing market and can help you assess your property. Call us today, at our North Hutchinson Island office: 772-464-7007, at our South Hutchinson office: 772-461-1324, at our Ocean Village office: 772-489-6100, at our Ft. Pierce office 772-461-3250 or at our Port St. Lucie office: 772-878-3200. All discussions are strictly confidential. Serving all four counties on the Treasure and Space Coast (Brevard, Indian River, St. Lucie and Martin Counties) Coldwell Banker Paradise has nine offices and over 210 agents.

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 FIRST QUARTER 2015 COMPARISON TO FIRST QUARTER 2014 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

2015

9

9

3

$191,800

2014

6

23

11.5

$177,067

Change

50%

-60.9%

-73.9%

8.3%

2015

4

18

13.5

$358,000

2014

7

46

19.7

$411,971

Change

-42.9%

-60.9%

-31.5%

-13.1%

2015

3

17

17

$589,167

2014

1

24.1

72.3

$567,500

Change

200%

-29.5%

-76.5%

3.8%

2015

0

8

N/A

N/A

2014

0

14

N/A

N/A

Change

0%

-42.9%

N/A

N/A

2015

16

52

9.8

$307,856

2014

14

107

22.9

$322,407

Change

14.3%

-51.4%

-57.5%

-4.5%

HUTCHINSON ISLAND CONDOS FIRST QUARTER 2015 COMPARISON TO FIRST QUARTER 2014 Price Point Under $250,000

$250,000 to $500,000

$500,001 to $1,000,000

Over $1,000,000

Total

Year

Condos Sold

Current Listings

Month’s Supply

Average Price

2015

57

104

5.5

$167,060

2014

55

230

12.5

$157,522

Change

3.6%

-54.8%

-56.4%

6.1%

2015

16

109

20.4

$313,525

2014

8

191

71.6

$317,812

Change

100%

-42.9%

-71.5%

-1.3%

2015

7

16

6.9

$564,500

2014

8

36

13.5

$610,906

Change

-12.5%

-55.6%

-49.2%

-7.6%

2015

0

1

N/A

N/A

2014

0

1

N/A

N/A

Change

0%

0%

N/A

N/A

2015

80

230

8.6

$231,149

2014

71

458

19.4

$226,669

Change

12.7%

-49.8%

-55.4%

2%

EXCLUSIVELY PRESENTING:

$739,000

$674,900

$564,800

3929 Shoreside Drive

1026 Windward Drive

118 Queen Christina Court

TARPON FLATS • N. HUTCHINSON ISLAND

OCEAN VILLAGE • S. HUTCHINSON ISLAND

QUEENS COVE • N. HUTCHINSON ISLAND

$500,000

$399,000

$350,000

2900 N. Highway A1A

1707 Mariner Bay Boulevard

21 Harbour Isles Drive E. 102

ATRIUM • N. HUTCHINSON ISLAND

MARINER BAY • N. HUTCHINSON ISLAND

HARBOUR ISLE • S. HUTCHINSON ISLAND

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

PRSRT SSTD ECRWSS U.S. POSTAGE PAID EDDMRETAIL

A SELECTION OF RECENT SOLDS:

Asking Price $599,900

OCEANIQUE • N. HUTCHINSON ISLAND

SOLD for $565,000

4180 N. Highway A1A 602b

Asking Price $565,000

SOLD for $550,000

THE ATRIUM • N. HUTCHINSON ISLAND

3000 N. Highway A1A, Phvc

C

Asking Price $635,000

GRAND ISLE • N. HUTCHINSON ISLAND

SOLD for $600,000

3702 N. Highway A1A 804

Asking Price $679,000

SOLD for $550,000

OCEAN VILLAGE • S. HUTCHINSON ISLAND

2038 Windward Drive

Asking Price $549,000

SOLD for $475,000

SURFSIDE • S. HUTCHINSON ISLAND

1901 Surfside Drive

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 OCEAN VILLAGE PORT ST. LUCIE N. HUTCHINSON 772.461.1324

772.489-6100

772.878.3200

772.464.7007