PRST STD ECRWSS U.S. POSTAGE
PAID
STUART, FL PERMIT NO. 274
RESIDENTIAL CUSTOMER
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 :
$277,000
1630 Thumb Point Drive
$265,000
1609 Bahia Drive
$245,000
305 Southstar Drive
E X C L U S I V E LY P R E S E N T I N G :
$699,000
1713 Bayshore Drive
$515,000
3313 Caracal Drive
$389,000
2400 S Ocean Drive 4144
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 :
With so much of the market changing so quickly, it takes a savvy and experienced agent to help guide you. Coldwell Banker Paradise prides itself in providing our agents with the technology, and tools to provide the best customer service in the industry. Combined with our agents intimate knowledge of the local market, Coldwell Banker Paradise agents are uniquely positioned to provide you with the sales history of a particular neighborhood. For your free market assessment, call our Hutchinson Island offices: South Hutchinson Island at 772-461-1324, Ocean Village at 772-489-6100, North Hutchinson Island 772-464-7007.
C O L D W E L L
B A N K E R
2016 Hutchinson Island Third Quarter Real Estate
M ARK E T RE P O RT 4007 N Highway A1A N Hutchinson Island, FL 34949
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
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
Third Quarter Comparison 2016 to 2015 Average prices continued an upward trajectory for both single family homes and condos on
102
Hutchinson Island, reports Coldwell Banker
Homes Sold
Significant inventory issues for single family homes have driven prices up significantly. As the affordable
housing inventory shrinks, demand pressure has pushed prices of homes under $20,000 up 25%.
+70%
Prices at the mid to high end rose more modestly
Your Housing Forecast!
Condominium prices and inventory has leveled off, with demand meeting prices, leading to a healthy gain in average
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!!
A new factor in both the South Hutchinson Island market and the Baja Vero market (South Vero Beach Island/North Hutchinson Island) is the emergence of a new
FOR BUYERS & INVESTORS:
construction. In fact, a number of luxury
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!
homes priced from $500K+ to $1m are
with a balanced supply of homes on the market.
currently now under construction – hoping
Average Price +86.9%
$690k
to tap into pent up demand spilling over from the Vero Beach Island market and north from Martin County.
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
39
1
0.2
$245,900
2015
24
4
1.5
$196,072
Change
62.5%
-75.0%
-84.6%
25.4%
2016
41
21
4.6
$350,414
2015
21
17
7.3
$371,718
Change
95.2%
23.5%
-36.7%
5.7%
2016
15
27
16.2
$691,374
2015
15
16
9.6
$643,117
Change
0.0%
68.8%
68.8%
7.5%
2016
7
1
1.3
$2,205,000
2015
0
9
0
$0
Change
0%
-88.9%
0%
0%
2016
102
54
4.8
$690,217
2015
60
46
6.9
$369,310
Change
70.0%
17.4%
-30.9%
86.9%
CALL US TO SEE HOW MUCH YOUR HOUSE IS WORTH IN THIS TIGHT MARKET!
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
206
65
2.8
$198,000
2015
178
61
4.6
$163,751
Change
15.7%
6.6%
-38.3%
+20.9%
2016
158
79
4.5
$303,203
2015
68
75
14.3
$320,412
Change
132.4%
-6.6%
-38.3%
-5.4%
2016
16
17
9.6
$655,326
2015
20
7
7.8
$591,700
Change
-20.0%
142.9%
22.6%
10.8%
2016
1
0
0
$0
2015
0
3
27
$0
Change
-100%
-100.0%
-100%
-100%
2016
381
161
3.8
$297,961
2015
266
146
7.1
$235,976
Change
43.2%
10.3%
-46.4%
26.3%
Hutchinson Island
Third Quarter Comparison 2016 to 2015 Average prices continued an upward trajectory for both single family homes and condos on
102
Hutchinson Island, reports Coldwell Banker
Homes Sold
Significant inventory issues for single family homes have driven prices up significantly. As the affordable
housing inventory shrinks, demand pressure has pushed prices of homes under $20,000 up 25%.
+70%
Prices at the mid to high end rose more modestly
Your Housing Forecast!
Condominium prices and inventory has leveled off, with demand meeting prices, leading to a healthy gain in average
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!!
A new factor in both the South Hutchinson Island market and the Baja Vero market (South Vero Beach Island/North Hutchinson Island) is the emergence of a new
FOR BUYERS & INVESTORS:
construction. In fact, a number of luxury
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!
homes priced from $500K+ to $1m are
with a balanced supply of homes on the market.
currently now under construction – hoping
Average Price +86.9%
$690k
to tap into pent up demand spilling over from the Vero Beach Island market and north from Martin County.
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
39
1
0.2
$245,900
2015
24
4
1.5
$196,072
Change
62.5%
-75.0%
-84.6%
25.4%
2016
41
21
4.6
$350,414
2015
21
17
7.3
$371,718
Change
95.2%
23.5%
-36.7%
5.7%
2016
15
27
16.2
$691,374
2015
15
16
9.6
$643,117
Change
0.0%
68.8%
68.8%
7.5%
2016
7
1
1.3
$2,205,000
2015
0
9
0
$0
Change
0%
-88.9%
0%
0%
2016
102
54
4.8
$690,217
2015
60
46
6.9
$369,310
Change
70.0%
17.4%
-30.9%
86.9%
CALL US TO SEE HOW MUCH YOUR HOUSE IS WORTH IN THIS TIGHT MARKET!
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
206
65
2.8
$198,000
2015
178
61
4.6
$163,751
Change
15.7%
6.6%
-38.3%
+20.9%
2016
158
79
4.5
$303,203
2015
68
75
14.3
$320,412
Change
132.4%
-6.6%
-38.3%
-5.4%
2016
16
17
9.6
$655,326
2015
20
7
7.8
$591,700
Change
-20.0%
142.9%
22.6%
10.8%
2016
1
0
0
$0
2015
0
3
27
$0
Change
-100%
-100.0%
-100%
-100%
2016
381
161
3.8
$297,961
2015
266
146
7.1
$235,976
Change
43.2%
10.3%
-46.4%
26.3%
PRST STD ECRWSS U.S. POSTAGE
PAID
STUART, FL PERMIT NO. 274
RESIDENTIAL CUSTOMER
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 :
$277,000
1630 Thumb Point Drive
$265,000
1609 Bahia Drive
$245,000
305 Southstar Drive
E X C L U S I V E LY P R E S E N T I N G :
$699,000
1713 Bayshore Drive
$515,000
3313 Caracal Drive
$389,000
2400 S Ocean Drive 4144
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 :
With so much of the market changing so quickly, it takes a savvy and experienced agent to help guide you. Coldwell Banker Paradise prides itself in providing our agents with the technology, and tools to provide the best customer service in the industry. Combined with our agents intimate knowledge of the local market, Coldwell Banker Paradise agents are uniquely positioned to provide you with the sales history of a particular neighborhood. For your free market assessment, call our Hutchinson Island offices: South Hutchinson Island at 772-461-1324, Ocean Village at 772-489-6100, North Hutchinson Island 772-464-7007.
C O L D W E L L
B A N K E R
2016 Hutchinson Island Third Quarter Real Estate
M ARK E T RE P O RT 4007 N Highway A1A N Hutchinson Island, FL 34949
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
772-464-7007
100 Mainsail Drive Fort Pierce, FL 34949
221 S Ocean Drive Fort Pierce, FL 34949
772-489-6100
772-461-1324