2015 2015 Hutchinson Hutchinson Island IslandYear Year End End Real Real Estate Estate
M A R K E T R E P O RT
N. HUTCHINSON 4007 N. Hwy. A1A 772.464.7007
S. HUTCHINSON 221 Ocean Drive 772.461.1324
OCEAN VILLAGE 100 Mainsail Driave 772.489-6100
Hutchinson Island Year End Comparison 2015 to 2014 Forecast Healthy for Island Homes while Condos Ready for Price Stabilization While tight inventory and price increases dominate the market The real estate market in 2015 overall was healthy, during for single family homes on Hutchinson Island the market for the summer and fall of 2015 a more stable trend slowly condominiums has slowed and looks to stabilize for the start of emerged-- a decrease of available homes for sale in the 2016, reports Coldwell Banker Paradise in their marketplace. In fact, during November and just released Year End Market Report for 2015. into December the shortage of inventory In general, 2015 was a healthy year for the resulted in a decrease in sales – there simply In 2016 Hutchinson housing market: many homeowners regained were not enough homes for buyers to Island property owners essential equity, and housing prices across purchase. will want to find out how the board steadily increased. Double digit In 2016 Hutchinson Island property owners much equity they have appreciation dominated the Hutchinson Island will want to find out how much equity regained. housing market, especially for those elusive island they have regained. With a lack of available properties priced under $250K, where average homes, now is precisely the right time for priced jumped 28% in the last two years. homeowners to explore just what their For condominium owners, steady sales of lower priced units house might be worth. “Our agents are the experts, they drove the 2015 market, causing an overall decrease in the average are in the neighborhoods, seeing what is selling and why. price. “In early 2015, we saw prices rise for condos and then over Want to know what is happening in your neighborhood? the summer and into the fall, the market self corrected, with sales Ask our agents today,” urged Schlitt. You can reach our slowing and more price stabilization, ” stated Coldwell Banker North Hutchinson Island office at 772-464-7007, our South Paradise Co-owner and Broker Linda Schlitt Gonzalez. Hutchinson Island office at 772-461-1324 and our Ocean Village office at 772-489-6100.
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
2015
28
8
3.4
$200,933
2014
40
17
5.1
$176,505
Change
-30.0%
-52.9%
-32.8%
+13.8%
2015
31
26
10.1
$376,212
2014
42
33
9.4
$340,187
Change
-26.2%
+21.2%
+7.1%
+10.6%
2015
20
16
9.6
$630,818
2014
13
15
13.8
$659,192
Change
+53.8%
+6.7%
-30.4%
-4.3%
2015
0
9
0
0
2014
1
10
120
$1,050,000
Change
-100.0%
-10.0%
-100%
-100%
2015
79
59
9.0
$378,545
2014
96
75
9.4
$322,579
Change
-17.7%
-21.3%
-4.7%
+17.3%
%
In 2015, Coldwell Banker Paradise listed and sold
seven times more than any other company.
%
%
%
%
%
Numbers represent percentage of market share according to data pulled from Terradatum as reported from Brokermetrics, Jan 1, 2015-Dec 31, 2015 for Total number of listed and sold properties in zip code 34949 from the Beaches MLS.
E X C L U S I V E LY P R E S E N T I N G :
N. Hutchinson Island As seen on cover!
$625,000
Ocean Village
Historic St Lucie Village $465,000
$512,000
W W W. F L C O L D W E L L B A N K E R . C O M
CONDOS Price Point Under $250,000
$250,001 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
220
69
3.8
$166,535
2014
379
172
5.4
$169,421
Change
-42.0%
-59.9%
-30.3%
+1.7%
2015
87
87
12.0
$319,971
2014
130
179
16.5
$329,957
Change
-33.1%
-59.9%
-30.3%
-3.0%
2015
25
12
5.8
$598,360
2014
40
18
5.4
$612,287
Change
-37.5%
-33.3%
+6.7%
-2.3%
2015
0
1
0
$0
2014
1
0
0
$1,100,000
Change
-100%
+100%
0%
0%
2015
332
169
6.1
$239,259
2014
550
369
8.1
$241,266
Change
-39.6%
-54.2%
-24.6%
-0.8%
PRST STD ECRWSS U.S. POSTAGE
PAID
STUART, FL PERMIT NO. 274
RESIDENTIAL CUSTOMER
A SELECTION OF RECENT SOLDS:
North Hutchinson Island 3905 Shoreside Drive $539,900
N, Hutchinson Island 4000 Highway A1a 1002 $525,000
Hutchinson Island 2900 N A1a 3-C $439,900
Ocean Village 2400 S Ocean 4133 $195000
Ocean Village 2400 S Ocean Drive 3821 $185,000
THE RIGHT REPRESENTATION MAKES ALL THE DIFFERENCE Coldwell Banker Paradise is the largest real estate brokerage firm in the area, with 10 offices serving St. Lucie, Indian River and Brevard Counties. We are commited to providing the highest level of real estate services to our clients with comprehensive regional marketing. 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.
C O L D W E L L
B A N K E R
NORTH HUTCHINSON 772-464-7007
S. HUTCHINSON ISLAND
OCEAN VILLAGE
772-461-1324
772-489-6100
P A R A D I S E