St. Lucie Mainland Market Report 2014

2014 St. Lucie County Third Quarter Real Estate

MARKET REPORT

2501 S. Indian River Drive Ft. Pierce Offered at $895,000

FT. PIERCE S. HUTCHINSON OCEAN VILLAGE PORT ST. LUCIE 411 North US 1 772.461.3250

221 S. Ocean Drive 772.461.1324

100 Mainsail Drive 772.489.6100

7202 S. US 1 772.878.3200

N. HUTCHINSON 4007 N. A1A 772.464.7007

2014 St. Lucie County Third Quarter Real Estate Report As trusted real estate advisors in our area, we are pleased to present our Third Quarter Real Estate Report. We have identified key indicators that impact home values and use this information to forecast local market trends that help our clients make informed decisions about buying and selling real estate.

Single Family Homes – There was good news for St. Lucie County homeowners during the third quarter of this year. There was almost a double-digit increase in the number of sales. The inventory of homes listed for sale dropped by nearly a third and the average price of homes sold increased by double digits. All indicators point to a healthy market in 2015.

Condominiums – Mainland condominium activity was also very strong with a significant increase in the number of sales and a nearly double-digit increase in the average price of homes sold. While market conditions in 2015 are expected to remain strong, the 20% increase in condominiums available for sale could impact price appreciation.

Call us today for information about your home’s value in today’s market. Please contact us directly at our Ft. Pierce office 772-461-3250, our South Hutchinson office 772-461-1324, our Ocean Village office 772-489-6100, our Port St. Lucie office 772-878-3200, or our North Hutchinson office 772-464-7007.

If you would like to continue getting our quarterly updates, just let us know. Email us at Schlitt@ColdwellBanker.com. We will make sure that a copy is delivered to you quarterly.

All the best, Linda Schlitt Gonzalez and Steven Schlitt, Owners

ST. LUCIE COUNTY SINGLE FAMILY HOMES THIRD QUARTER 2014 COMPARISON TO THIRD QUARTER 2013 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

2014

4,041

1,024

2.3

$125,359

2013

3,801

1,862

4.4

$113,856

Change

+6%

-45%

-48%

+10%

2014

279

333

10.7

$314,999

2013

171

241

12.7

$326,412

Change

+63%

+38%

-16%

-3%

2014

25

90

32.4

$690,543

2013

28

48

15.4

$632,274

Change

-11%

+88%

+110%

+9%

2014

3

24

72

$3,705,000

2013

0

7

0

0

Change

0%

+243%

0%

0%

2014

4,348

1,471

3

$143,173

2013

4,000

2,158

4.9

$126,575

Change

+9%

-32%

-38%

+13%

ST. LUCIE COUNTY CONDOS THIRD QUARTER 2014 COMPARISON TO THIRD QUARTER 2013 Price Point Under $250,000

$250,000 to $500,000

$500,001 to $1,000,000

Over $1,000,000

Total

Year

Condos Sold

Current Listings

Month’s Supply

Average Price

2014

557

200

3.2

$85,541

2013

478

167

3.1

$77,985

Change

+17%

+20%

+3%

+10%

2014

2

3

13.5

$417,500

2013

1

1

9

$275,000

Change

+100%

+200%

+50%

+52%

2014

0

0

0

0

2013

1

0

0

$600,000

Change

0%

0%

0%

0%

2014

0

0

0

0

2013

0

0

0

0

Change

0%

0%

0%

0%

2014

559

203

3.3

$86,731

2013

480

168

3.2

$79,483

Change

+16%

+21%

+3%

+9%

EXCLUSIVELY PRESENTING:

$699,900

$694,900

$649,000

436 Waters Drive

3701 S. Indian River Drive

2376 Johnston Road

$599,000

$505,000

$460,000

19050 Glades Cutoff Road

427 Peninsula Drive

234 Bimini Drive

DEEP WATER DOCK • FORT PIERCE

HORSE LOVERS DREAM • FT. PIERCE

INTRACOASTAL • FT. PIERCE

KEY WEST STYLE • ST. LUCIE VILLAGE

4.29 ACRES • FT. PIERCE

WATERFRONT • FT. PIERCE

WE INVITE YOU TO VIEW OUR ENTIRE COLLECTION AT:

FLColdwellBanker.com

PRSRT SSTD ECRWSS U.S. POSTAGE PAID EDDMRETAIL

A SELECTION OF RECENT SOLDS:

Asking Price $590,000

RANCH ESTATE • FORT PIERCE

SOLD for $545,000 Asking Price $450,000

1020 Sneed Road

Asking Price $299,000 FORT PIERCE

725 South Indian River Drive

SOLD for $266,000 Asking Price $385,000 SOLD for $249,900 Asking Price $223,900 FORT PIERCE

2409 S. Wilderness Drive

C

SOLD for $425,000

FORT PIERCE

10514 Okeechobee Road

PORT ST. LUCIE

SOLD for $224,225

1050 SW Majorca Avenue

oldwell 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.

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.

FT. PIERCE 772.461.3250

S. HUTCHINSON 772.461.1324

OCEAN VILLAGE 772.489.6100

PORT ST. LUCIE 772.878.3200

N. HUTCHINSON 772.464.7007