1st Quarter Hutchinson Island Market Report

Page 1

Hutchinson Island

RECENTLY SOLD DAWN CARLIN • 772-882-8866 • dawncarlin8@gmail.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 Dawn Carlin, PA REALTOR® 772-882-8866 Find out how much your home is worth www.FLColdwellBanker.com


Dawn Carlin - Your Hutchinson Island Specialist Dawn has a Business Administration Degree from Stetson University and a Masters in Education from the University of Florida. As a former educator and contract manager working in the field of social services she knows the importance of providing the best individual service to meet each customers’ specialized needs. Taking pride in a job well done has always been a number one priority of hers. Dawn claims it was an easy decision for her to join the Coldwell Banker Paradise team. The level of excellence Coldwell Banker provides to their customers also mirrors the outstanding commitment and professional services offered to their realtors. As a lifelong resident of St. Lucie County, Dawn would love to have the opportunity to show you what this area has to offer. Let her develop a personalized home selling or buying plan that will work for you! Call her at 772.882.8866 to get started!

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 • Dawn Carlin, PA, REALTOR® 772-882-8866


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