1st Quarter Hutchinson Island Market Report

Hutchinson Island

RECENTLY SOLD Nancy Marquez, Broker Associate - 772-559-7282

SOLD $995,000

4160 N Hwy A1a #1007A

SOLD $410,000

3010 Windward Drive

SOLD $340,000

5061 N Hwy A1a #801

SOLD $315,000

1120 Granada Street

SOLD $535,000 1671 Binney Drive

SOLD $380,000

1920 Rio Vista Drive

SOLD $325,000

5047 N Hwy A1a #1402

SOLD $285,000

219 River Walk #10

SOLD $429,000

2400 S Ocean Drive #4174

SOLD $369,000

4100 Hwy A1a #132

SOLD $317,000

5047 N Hwy A1a #1101

Homes are selling Fast!

Call Nancy Marquez Broker Associate today!

772-559-7282 Find out how much your home is worth www.FLColdwellBanker.com

SPECIALIZING IN N. HUTCHINSON ISLAND HOMES Nancy is considered an expert Realtor. She is a Top Producer since 2002 with a generous marketing budget, and is fully committed to get the best results.This year Nancy earned membership in the company’s 2017 International Diamond Society, a level achieved by only the top 11 percent of all sales associates worldwide in the Coldwell Banker® system. She has ample experience in all residential real estate. She has represented Luxurious Oceanfront Estates for sellers and buyers, as well as humble residences and everything in between. She has excellent negotiation skills. Nancy is known for really caring for people. She is a council member for Place of Hope, an organization that provides care for the children under the Foster Care System.

2018 Hutchinson Island 1st Quarter Real Estate Price Point

Year

Homes Sold

Under

2018

$250,000

2017

MARKET REPORT Current Listings

Month’s Supply

Average Price

Condos Sold

Current Listings

Month’s Supply

Average Price

4

2

1.5

$172,275

39

68

5.2

$192,947

4

0.0

0.0

$229,250

44

78

5.3

$178,177

Change

0.0%

-

-

-25.0%

-11.4%

-12.8%

-1.6%

+8.0%

$250,001 to

2018

9

19

6.3

$311,222

27

101

11.2

$315,700

$500,000

2017

12

16

4.0

$346,590

25

70

8.4

$310,148

Change

-25.0%

+18.8%

+58.3%

-10.0%

+8.0%

+44.3

+33.6%

+2.0%

$500,001 to

2018

4

24

18.0

$635,000

5

42

25.2

$756,800

$1,000,000

2017

3

23

23.0

$700,833

0

22

-

-

Change

+33.3%

+4.3%

-21.7%

-9.0%

-

+90.9%

-

-

Over

2018

2

8

12.0

$2,972,500

0

0

-

-

$1,000,000

2017

1

9

27.0

$1,690,000

0

3

-

-

Change

+100.0%

-11.1%

-55.6%

+76.0%

-

-100%

-

-

2018

19

53

8.4

$630,268

71

211

8.9

$279,336

2017

20

48

7.2

$443,429

69

173

7.5

$225,993

Change

-5..0%

+10.4%

+16.2%

+42.0%

-5.0%

+10.4%

+16.2%

+42.0%

Total

The Hutchinson Island condominium market is well balanced

and should sustain steady moderate price increases, while buyers enjoy a sufficient supply of inventory from which to choose.

Supply in the under $250,000 market is at 5.3 months and should continue at this level. In the $250,000 to $500,000 market, supply has grown to approximately 11 months and price increases in the 2% range or lower will probably continue.

The biggest news in Hutchinson Island housing is the growth of the luxury home market. Homes $500,000 to over $1 million, once unheard of, are now steadily selling and inventory is growing to keep pace with demand. Keep an eye on this portion of the market to continue to expand.

If you would like to find the right price for your home in today’s changing market, contact Nancy at 772-559-7282.

With eleven offices covering 135 miles of Florida’s East Coast, Coldwell Banker Paradise is the largest full service real estate company in the area.

www.FLColdwellBanker.com • Nancy Marquez 772-559-7282