Mid Year Market Report Dawn Carlin 2018

Hutchinson Island Mid-Year Market Report

RECENTLY SOLD Dawn Carlin, PA, REALTOR

®

772-882-8866 • DawnCarlin8@gmail.com

SOLD $715,000

4160 N A1A #1306

SOLD $433,000

1562 Island Cove Road

SOLD $375,000

11390 Bayshore Drive

SOLD $515,000

3024 Windward Drive #1206

SOLD $380,000

1920 Rio Vista Drive

SOLD $360,000

2416 Harbour Cove Drive

www.FLColdwellBanker.com

SOLD $475,000

1016 Windward Drive

SOLD $375,000

1390 Bayshore Drive

SOLD $360,000

2400 S Ocean Drive #8153

Homes are selling fast!

Call to see how much your home is worth!

Dawn Carlin, PA, REALTOR 772-882-8866

®

SOLD $335,000

2416 Atlantic Beach Blvd

SOLD $325,000

30 Harbour Drive West

Peter R.: “I am writing this letter to recommend the services provided by Dawn Carlin as a real estate representative for Coldwell Banker Paradise. Dawn is a friendly professional who worked tirelessly to help me secure a home recently in Port Saint Lucie. Her professional experiences were always focused on my needs as we searched to find me the perfect home which met all of my needs and expectations. Dawn smiles with the patience of a mother when things don’t go as planned and her effort seems to rebound even higher after an occasional disappointment. I would wholeheartedly recommend contacting Dawn Carlin if you have any Real Estate needs. You can trust her talents, knowledge and experience to make your home buying experience a pleasurable one! Thanks Dawn...You are tops on my list!”

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 Dawn Carlin, PA, Realtor at 772-882-8866. 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.

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

11390 Bayshore Drive

SOLD $675,000

2501 S Indian River Drive

SOLD $400,000

20 Orange Ave., PH 1

SOLD $335,000

2416 Atlantic Beach Blvd

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

Homes are selling fast!

Call to see how much your home is worth!

Dawn Carlin, PA, REALTOR 772-882-8866

®

SOLD $327,000 2472 Elston Street

SOLD $290,000 1606 Francis Ave

Let me help you Buy or Sell the Florida lifestyle on the Treasure Coast!

DAWN CARLIN, PA, REALTOR® 772-882-8866

I was born and raised in beautiful St. Lucie County and I am very proud to still call it my home! I reside on North Hutchinson Island where I am raising my family. Each day is like paradise as we enjoy the “Island Life” this spectacular area has to offer...boating, fishing or just soaking in the sun at the local beaches. I know the importance of providing the best individual service to meet each customer’s specialized needs. Taking pride in a job well done has always been my number one priority.

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

$500,001 to $1,000,000

Change Over

2018

7

15

1.9

$1,541,429

0

2

N/A

-

$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

2734

1276

2.8

$233,041.37

206

86

2.5

$113,325.44

Change Total

2018 2017 Change

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%

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 Dawn Carlin, PA, Realtor at 772-882-8866.

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.