2018 MID-YEAR
St. Lucie County
Market Report
Cheryl Brush, REALTOR® 772-359-7706 BrushRE@aol.com
Hutchinson Island Mid-Year Market Report
RECENTLY SOLD
SOLD $715,000
4160 N A1A #1306
SOLD $433,000
1562 Island Cove Road
SOLD $375,000
11390 Bayshore Drive
SOLD $335,000
2416 Atlantic Beach Blvd
SOLD $515,000
3024 Windward Drive #1206
SOLD $380,000
1920 Rio Vista Drive
SOLD $360,000
2416 Harbour Cove Drive
SOLD $325,000
30 Harbour Drive West
www.FLColdwellBanker.com
SOLD $475,000
1016 Windward Drive
SOLD $375,000
1390 Bayshore Drive
SOLD $360,000
2400 S Ocean Drive #8153
2018 Hutchinson Island Mid-Year
MARKET REPORT
Price Point
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
Condos Sold
Current Listings
Month’s Supply
Average Price
Under
2018
5
4
4.8
$183,820
89
65
4.4
$190,328
$250,000
2017
7
0
0.0
$221,429
100
58
3.5
$187,382
Change
-28.6%
N/A
N/A
-17%
-11%
+12.1%
+25.9%
+2%
$250,001 to
2018
25
13
3.1
$338,920
72
97
8.1
$328,092
$500,000
2017
24
15
3.8
$364,497
65
73
6.7
$318,680
Change
+4.25%
-13.3%
-16.8%
-7%
10.8%
32.9%
20.0%
3%
$500,001 to
2018
9
12
8
$633,000
15
39
15.6
$701,600
$1,000,000
2017
10
25
15
$704,020
6
22
22.0
$606,917
Change
-10%
-52%
-46.7%
-10%
150.0%
77.3%
-29.1%
16%
Over
2018
6
7
7.0
$2,128,667
0
1
N/A
-
$1,000,000
2017
3
11
22.0
$1,876,667
0
3
N/A
-
Change
100.0%
-36.4%
-68.2%
13%
N/A
-66.7%
N/A
N/A
2018
45
36
4.8
$619,135.60
176
202
6.9
$290,260.32
2017
44
51
7.0
$522,003
171
156
5.5
$252,011.12
Change
+2.3%
-29.4%
-31.0%
+19%
+2.9%
+29.5%
+25.8%
+15%
Total
The luxury home market was the big story in real estate in the first half of 2018 in Hutchinson Island. The Hutchinson Island market is dominated by condominiums, and that market remains strong. The average price of condominiums rose by 15%. The key driver of this increase was in luxury units over $500,000, which saw a 150% increase in sales. Condominiums below $500,000 rose a moderate 3% in average price. The single family sales below $1 million were also sluggish. Average prices in each market segment declined by a value driven buyer looking for a good deal. However, increasing
sales in the over $1 million market pushed up the overall average sale price. This is not a market as driven by interest rates, but is value driven. Price increases will continue, but at a modest pace. With new construction growing the luxury inventory on the island, expect this to continue to be the exciting news on Hutchinsion Island. If you would like to find the right price for your home in today’s market, contact Cheryl Brush, Realtor at 772-359-7706. I have lived in this area my entire life, and am your real estate expert serving Hutchinson Island, Ocean Village and the St. Lucie County mainland area.
John and Nancy V. “I highly recommend Cheryl as your Realtor. She is smart, likable, devotes a lot of personal time to her clients, and knows the real estate business. Her knowledge of the Ocean Village market is of particular value for folks planning a sale or purchase here.”
St Lucie County Mainland Market Report
RECENTLY SOLD
SOLD $1,250,000
2507 S Indian River Drive
SOLD $423,000 718 Boston Ave
SOLD $375,000
SOLD $675,000
2501 S Indian River Drive
SOLD $400,000
20 Orange Ave., PH 1
SOLD $335,000
11390 Bayshore Drive
2416 Atlantic Beach Blvd
SOLD $327,000
SOLD $290,000
2472 Elston Street
1606 Francis Ave
www.FLColdwellBanker.com
SOLD $475,000 1010 S 9th Street
SOLD $400,000
10301 S Indian River Drive
SOLD $330,000
2450 SE Grand Drive
2018 St Lucie County Mid-Year
MARKET REPORT
Price Point
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
Condos Sold
Current Listings
Month’s Supply
Average Price
Under
2018
1883
518
1.7
$186,708
203
81
2.4
$109,680
$250,000
2017
2150
640
1.8
$177,920
199
78
2.4
$93,561
Change
-12.4%
-19.1%
-7.6%
+5%
+2%
+3.8%
+1.8%
+17%
$250,001 to
2018
800
652
4.9
$309,867
3
1
2.0
$360,000
$500,000
2017
645
648
6.0
$306,753
3
3
6.0
$330,667
Change
+24%
+0.6%
-18.9%
+1%
0.0%
-66.7%
-66.7%
+9%
2018
44
91
12.4
$610,917
0
2
N/A
-
2017
44
98
13.4
$649,705
0
2
N/A
-
0.0%
-7.1%
-7.1%
-6%
N/A
0%
N/A
N/A
7
15
1.9
$1,541,429
0
2
N/A
-
$500,001 to $1,000,000
Change Over
2018
$1,000,000
2017
4
26
3.9
$1,607,500
0
3
N/A
-
+75%
-42.3%
-67%
-4%
N/A
-33.3%
N/A
N/A
2018
2734
1276
2.8
$233,041.37
206
86
2.5
$113,325.44
2017
2843
1412
3.0
$216,461.73
202
86
2.6
$97,082.38
-3.8%
-9.6%
-6%
+8%
+2%
0%
-1.9%
+17%
Change Total
Change
The St. Lucie housing market has experienced 8% price growth. The price increases were in the market under $500,000. Prices in the over $500,000 market is a small percentage of the market but prices and number of sales in that market declined. Inventory declined by just under 10% and the number of homes sold declined by 3.8% mostly due to lack of availability of affordable homes in the lower price range. The condominium market is stable in the number of sales and inventory. It experienced 17% price escalation as buyers have moved to condominiums from single family
homes to find something just over and under $100,000. Now is a good time to sell! Prices have escalated over the last several years and rising interest rates and the anticipation of further increases may cause inventories to rise and provide tough competition for sellers. If you would like to find the right price for your home in today’s market, contact Cheryl Brush, Realtor at 772-359-7706. I have lived in this area my entire life, and am your real estate expert serving Hutchinson Island, Ocean Village and the St. Lucie County mainland area.
Tom and Pat M. “Thank you Cheryl for assisting us with the sale of our Mothers home! It was certainly a trying time while Hurricane Irma made her way through our beloved little town of Ft Pierce! You truly handled everything with the highest degree of professionalism, and we thank you for that.”
EXPERTISE & QUALIFICATIONS I have lived in St. Lucie County since 1960. I grew up on South Hutchinson Island, so I am a true “South Beach” girl. I love the beach life ~ and so will you!!! I am a Top Producer Year after Year ~ Whether Buying or Selling, I am always at your service ~ Let me put my trusted 17 years of experience and knowledge to work for you! I measure my success one family at a time.
EXPERTISE
EXPERTISE REAL ESTATE AGENT SINCE 2001
MY EXPERIENCE: • Specializing in Waterfront, Luxury, Residential and Single Family Homes in St. Lucie County with a focus on Hutchinson Island • Ocean Village Specialist for Single Family Homes and condominium sales • 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 • Relocation Specialist • Smart Home Certified Agent • Marketing Specialist for Real Estate Sales experienced in positioning Your property for quick sale using List Hub and Web Partners
MY PROMISE TO YOU I am here to look out for your best interest and help you make good decisions. My job is not just to get your house sold, but to create a successful sale; to get you to the closing table on time, with the fewest amount of problems and with the most money in your pocket. In summary, my job responsibilities are to first share how to enhance your home, how to package it for profit and how to determine the best asking price. Second, to give your home total market exposure, create more demand, get more offers, make sure buyers are serious and qualified and make sure the transaction is worry free. Coldwell Banker Paradise is a full-service company based on integrity and putting you first. As your trusted advisor I am always looking out for your best interest.
N. Hutchinson Island Condos Call Cheryl Brush, Hutchinson Island Expert 772-359-7706
TIARA TOWERS 5th Floor| 5 BR, 4 BA | Offered at $975,000
GRAND ISLE 10th Floor| 4 BR, 3.5 BA | Offered at $959,000
ALTAMIRA 6th Floor | 3 BR, 2.5 BA | Offered at $839,000 3rd Floor| 3 BR, 2.5 BA | Offered at $775,000
ATRIUM ON THE OCEAN & ATRIUM II 8th Floor| 3 BR, 2.5 BA | Offered at $695,000 8th Floor | 3 BR, 2.5 BA | Offered at $600,000
PARAGON 7th Floor| 3 BR, 3 BA | Offered at $681,000
OCEANIQUE 2nd Floor | 3 BR, 2.5 BA | Offered at $575,000 3rd Floor | 3 BR, 2.5 BA | Offered at $565,000
Waterfront Homes
Looking for your “Florida Dream Home?” Look no further! Call Cheryl Brush at 772-359-7706 to see one of these Prime Properties
8053 S. Indian River Drive, Ft. Pierce 6 Bedrooms, 5 full bath, 1 half bath, 5,766 sf 5 Car Garage - Offered at $2,600,000 RX-10355711
101 S. Colorado Avenue, Stuart 2 Bedrooms, 1 full bath, 2 car garage, 1,183 sf Old Florida Charm - Offered at $1,250,000 RX-10390942
2021 S. Indian River Drive, Ft. Pierce 3 Bedrooms, 2 full baths, 1 half bath 3 Garage spaces - Offered at $890,000 RX-10316587
2805 S. Indian River Drive, Ft. Pierce 4 Bedrooms, 3 full baths, 1 half bath, 2 car gar Magnificent views! Offered at $699,900 RX-10375099
2001 Mimosa Avenue, Ft. Pierce 5 Bedrooms, 4 full baths, 2 car garage, 3,878 sf Surfside - Offered at $699,000 RX-10389534
1101 Granada St, S. Hutchinson Island 5 Bedrooms, 3 full baths, 2,460 sq ft Tropical Island Retreat - Offered at $699,000 RX-103983395