2018 MID-YEAR
St. Lucie County
Market Report
Linda Nelson, REALTOR® 772-971-7147 LindaNel2001@yahoo.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 changing market, contact Linda Nelson, Realtor at 772-971-7147. I am your waterfront, luxury expert serving Hutchinson Island, Ocean Village and the St. Lucie County mainland area.
eacosta25 “Linda was extremely knowledgeable and her customer service was exceptional. The best realtor I have had. I am from outside the Hutchinson Island area and Linda took care of every detail, including ensuring the electric service was uninterrupted once I closed. The consummate professional!”
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 changing market, contact Linda Nelson, Realtor at 772-9717147. I am your waterfront, luxury expert serving Hutchinson Island, Ocean Village and the St. Lucie County mainland area.
joe55496 “Linda Nelson is absolutely the best Real Estate Professional we know! We bought and we sold with her. What a great experience! We can highly recomend her service and would never ask anybody else to help us.”
EXPERTISE & QUALIFICATIONS I have been in real estate basically most of my life and I am a top producer with Coldwell Banker Paradise Hoyt Murphy Realtors every year. I would like to be the first one to welcome you to “Paradise” and Florida’s best kept secret called the “Treasure Coast,”
EXPERTISE beautiful Hutchinson Island.
EXPERTISE SPECIALTIES: BUYER’S AGENT, LISTING AGENT, RELOCATIONS
SPECIALTIES: Being a top producer and the highest sales agent within Coldwell Banker Paradise for a number of years, means that I sell a lot of properties and I have a proven track record. ) This year I qualified to join the company’s 2017 International President’s Circle. This prestigious membership has been awarded to the top six percent of all sales associates worldwide in the Coldwell Banker® system. I work diligently to ensure that every buyer and seller receive superior service and satisfied results. I feel that honesty and professional representation is most important in any real estate transaction. I am a specialist that has the tools, knowledge and experience to best serve your real estate needs. I am a member of the Realtor’s Association of St. Lucie County, the Florida Association of Realtors, National Association of Realtors, Beaches Multiple Listing Services (BMLS), the National Notary Association and a graduate of the St Lucie County Property Appraiser Institute (PAI). To better serve my clients, my designations are A Luxury Home Specialist (ALHS),A Buyer’s Representative (ABR), a Seller Representative Specialist (SRS) and a Senior Real Estate Specialist (SRES). I have been awarded the Diamond Award with Coldwell Banker as top producer. Please allow me the opportunity to put my knowledge and experience to work for you!
Looking for your “Florida Dream Home?” Look no further! Call Linda Nelson at 772-971-7147 to see one of these Prime Properties
Hutchinson Island Waterfront 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
3317 Caracal Dr., Hutchinson Island 3 Bedrooms, 3 full baths, 2,105 sq ft Riverpointe at the Sands - Offered at $489,900 RX-10429592
2536 Harbour Cove Drive, Hutchinson Isl 3 Bedrooms, 2 full baths, 2,035 sq ft Coral Cove Beach - Offered at $510,000 RX-10384804
2400 S. Ocean Drive 8121, Ocean Village 2 Bedrooms, 2 full baths, Direct Ocean Views Seascape II - Offered at $495,000 RX-10438068
Thumb Point Drive, Hutchinson Island Waterfront deep water lot on the Intracoastal Build Your Dream Home - Offered at $399,900 RX-10434159
2400 S. Ocean Drive 4163, Ocean Village 2 Bedrooms, 2 full baths, 1 car gar, Ocean Views Seascape I - Offered at $319,000 RX-10442509
355 S. Ocean Drive 104, S. Hutchinson Isl. 2 Bedrooms, 2.5 full baths, Adorable townhome Avalon Beach Club - Offered at $269,000 RX-10415059