2015 St. Lucie County Third Quarter Real Estate
M A R K E T R E P O RT
PORT ST LUCIE 7202 S US 1 772.878.3200
FORT PIERCE 411 N US 1 772.461.3250
S. HUTCHINSON ISLAND
221 S OCEAN DRIVE 772.461.1324
St. Lucie County 3rd-Quarter Comparison 2015 to 2014 As the Cooler Weather of Fall Looms, Home Prices Heat Up in St Lucie County Compared to a statewide average inventory of 5.4 this time last clients, on a one-on-one basis. year, St. Lucie County’s current 1.9 months supply of single family In contrast to properties at the lower end of the homes stands as significant marker in how far the housing market market, single family homes priced in the mid-level, from has come in the last five years, reports Coldwell Banker Paradise $250-$500k saw a price decrease. In fact, prices were down in their just released 3rd Quarter Market Report for 2015. With 4.5% over last year, “modest price decreases, and even price over fifteen years experience in the St. Lucie housing market, St stabilization is a sign of a healthy market,” added Schlitt. Lucie County Sales Manager Brian Lemen declared, “for single family “However with a drop in inventory, I would expect prices to homes priced under $250K, I’ve never seen inventory levels at 1.9 increase over the next two quarters.” With almost half the months supply, never.” Usually known for inventory as this time last year, both prices and its plethora of affordable, quality housing, inventory continue to fall for condominiums. “If the trends St. Lucie County has undergone quite a “Condos continue to be a solid investment all continue, we will transformation. “In five years, we’ve gone along the Treasure Coast,” reports Schlitt. With from 11.9 months supply to 1.9, for this inventory dropping, market prices will soon go see prices increase, price point,” added Lemen. As a result, up. “When it comes to condos, the word is prices for single family homes in St. Lucie perhaps significantly” investment, investment, investment.” County have seen a 14.5% increase in Voted best St. Lucie brokerage by the readers of the under $250K segment. “If inventory Treasure Coast Newspapers, Coldwell Banker levels continue being tight, we are likely to see a 15% increase in Paradise prides itself on providing the best market knowledge overall sales price in 2016,” predicts Co-Owner and Broker Steven available to home buyers and sellers through its Quarterly Schlitt. Market Reports and it’s knowledgeable agents. “Our agents With prices rising, homeowners have regained essential equity. are the experts, they are in the neighborhoods, seeing what “Sellers can be confident that now is the time to explore putting is selling and why. Want to know what is happening in your their house on the market. If a homeowner hasn’t looked into how neighborhood, as compared to your surrounding county and much their house might be worth, they will be pleasantly surprised,” the region? Ask our agents today,” urged Schlitt. You can added Schlitt. As a market leader, with cutting edge tools, and reach our Port St. Lucie office at 772-878-3200 and in Fort information available to them, Coldwell Banker Paradise agents are Pierce, you can reach us at 772-461-3250. uniquely positioned to offer customized market analysis to their
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
3632
760
1.9
$143,584
2014
4041
1024
2.3
$125,359
Change
-10.1%
-25.8%
-18.1%
+14.5%
2015
507
436
7.7
$300,933
2014
279
333
10.7
$314,999
Change
+81.7%
+30.9%
-27.7%
-4.5%
2015
39
91
21.0
$612,305
2014
25
90
32.4
$690,543
Change
56.0%
+1.1%
-35.2%
-11.3%
2015
7
24
30.9
$1,107,993
2014
3
24
72.0
$3,705,000
Change
+133.3%
+0.0%
-57.1%
-70.1%
2015
4185
1311
2.8
$134,280
2014
4348
1471
3.0
$143,173
Change
-3.7%
-10.9%
-6.0%
-6.2%
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
330
122
3.3
$71,533
2014
557
200
3.2
$85,541
Change
-40.8%
-39.0%
4.0%
-16.4%
2015
2
2
9.0
$354,750
2014
2
3
13.5
$417,500
Change
0%
-33.3%
-33.3%
-15.0%
2015
0
3
0
$0
2014
0
0
0
$0
Change
0%
+100%
0%
0%
2015
0
4
0
$0
2014
0
0
0
$0
Change
0%
+100%
0%
0%
2015
332
131
3.6
$73,239
2014
559
203
3.3
$86,731
Change
-40.6%
-35.5%
+7.6%
-15.6%
What is my home or condo worth in today’s market?
Did you know that some online comparative analysis tools can be more than 10% off? With St. Lucie County homes now averaging $134K,that could mean your house could be worth $13,000 more than that website you just visited estimated. When was the last time you walked away from $13K? Only an expert in the local market can offer truly accurate local market analysis. As deep-rooted community members and leaders, Coldwell Banker Paradise agents have the big picture view, they know what sells and why, for what price, and how to get the most out of the market, both as a buyer and a seller. With Coldwell Banker Paradise agents you can trust that they are giving you the best information, the best service and the best experience available. Call today to find out what your home is really worth. In Port St. Lucie call us at 772-878-3200 and in Fort Pierce, you can reach us at 772-461-3250.
E X C L U S I V E LY P R E S E N T I N G :
FORT PIERCE $327,900-4/2 waterfront home on .39 acre lot has it all
FORT PIERCE $299,900-Enjoy the spectacular view of the Indian River in this 3/2 home
PORT ST. LUCIE $259,900 - 4/3/2 pool home with screened lanai and waterfall
FORT PIERCE $239,000 - 3/3 pool home with 7 car garage (2 attached/4 detached)
flcoldwellbanker.com
PRSRT SSTD ECRWSS U.S. POSTAGE PAID EDDMRETAIL
A SELECTION OF RECENT SOLDS:
Fort Pierce 2376 Johnston Road $570,000
Fort Pierce 518 N 2nd Street $247,000
Fort Pierce 9520 Laurelwood Court $235,000
Port Saint Lucie 4472 Daemon Street $209,900
THE RIGHT REPRESENTATION MAKES ALL THE DIFFERENCE Coldwell Banker Paradise is the largest real estate brokerage firm in the area, with 9 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 JENSEN BEACH 772-349-0378
B A N K E R
PORT ST. LUCIE
FT. PIERCE MAINLAND
772-878-3200
772-461-3250
P A R A D I S E
S. HUTCHINSON ISLAND 772-461-1324