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.