Hutchinson Island
RECENTLY SOLD
CHERYL BRUSH • 772-359-7706 • cheryl.brush@cbparadise.com
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 Cheryl Brush REALTOR® 772-359-7706 Find out how much your home is worth www.FLColdwellBanker.com
Cheryl Brush
• Specializing in Waterfront, Luxury, Residential and Single Family Homes in
Your Hutchinson Island Specialist
• Ocean Village Specialist for Single Family Homes and condominium sales
REALTOR®
St. Lucie County with a focus on Hutchinson Island • Multi-Million Top Producer Year after Year since 2001 • Member of St. Lucie County MLS, Beaches MLS and Regional MLS • Member of Florida Association of Realtor, National Association of Realtors, Women’s Council of Realtors and the St. Lucie Network • Skilled negotiator and experienced at representing both buyers and sellers • Smart Home Certified Agent • Marketing Specialist for Real Estate Sales experienced in positioning Your property for quick sale using List Hub and Web Partners
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. 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 • Cheryl Brush, REALTOR® 772-359-7706