Slc mainland flip book

2016 St. Lucie County 1st Quarter Real Estate

MARKET REPORT

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 Comparison 2016 to 2015 Selling Opportunities Blistering Hot for Homes $250,000 and Under

spectrum shows a slowing of both inventory as well as a Month’s supply was up for the first quarter of 2016 and decrease in price indicating that buyers are not rushing average prices are seeing double digit increases in the into decisions. “Buyers looking at higher priced homes lower end of the market for the single family homes in St. are looking for value and not rushing into decisions.

Lucie County. “This a terrific time for anyone interested Pricing is key for sellers at this level of the market,” stated in listing their home to jump on the bandwagon and sell,” Schlitt. said Brian Lemen, sales manager for Coldwell Banker Paradise St. Lucie County offices. “Inventory is slightly With slow but steady increases across the board for down at the lower end of the market, with the average both single family homes and mainland condos, it is fair price up +16.7%, making it a terrific time for homes to say that homeowners are continuing to regain equity. priced at under $250,000 to sell,” added Lemen. Usually Many homeowners might be surprised how much known for a steady supply of affordable, quality housing, their property has increased in value over recent years price points on St. Lucie County single family homes are and would be well served to seek out the professional on the rise, up from an average of $135,724 last year to counsel of an experienced real estate agent. Coldwell $158,456 this year. “With the inventory as tight as it is, Banker Paradise has ten offices spread over 100 miles it’s important now more than ever for buyers and sellers of Florida’s coastline. In addition, Coldwell Banker to have a relationship with a savvy Paradise prides itself on providing the Buyers looking at higher priced best market analysis available to home real estate agent,” said Steven homes are looking for value and buyers and sellers through its cutting edge Schlitt, co-owner and broker with not rushing into decisions. Pricing technology, Quarterly Market Reports Coldwell Banker Paradise.

is key for sellers at this level of the and its knowledgeable agents. “Our For homes in the mid-range of market. agents are the experts. They are in the $250,001 to $500,000 inventory was neighborhoods, seeing what is selling and up by +38.9% while prices were why. Ask your agents today what the true value of your down by -10.8%, proving it is critical for sellers to work home is worth,” urged Schlitt. You can reach our Port St. with a professionally trained real estate agent to price Lucie at 772-878-3200 and in Ft. Pierce you can reach us their homes right if a quick sale is necessary. In general at 772-461-3250. the trend for homes in the higher end of the pricing

E XC LU S I V E LY P R E S E N T I N G :

PORT SAINT LUCIE $335,000

FORT PIERCE $299,000

FORT PIERCE $225,000

w w w. f l c o l d w e l l b a n k e r . c o m

SINGLE FAMILY HOMES Price Point Under $250,000

$250,001 to $500,000

$500,001 to $1,000,000

d

e

d

.

Over $1,000,000

Total

Year

Homes Sold

Current Listings

Month’s Supply

Average Price

2016

896

869

2.9

$158,456

2015

1065

900

2.5

$135,724

Change

-15.9%

-3.4%

+16.4%

+16.7%

2016

157

529

10.1

$308,272

2015

113

392

10.4

$345,471

Change

+38.9%

+34.9%

-2.8%

-10.8%

2016

6

95

47.5

$619,000

2015

11

89

24.3

$670,768

Change

-45.5%

+6.7%

+95.5%

-7.7%

2016

0

29

0.0

$0

2015

2

31

46.5

$1,460,000

Change

-100.0%

-6.5%

NA

-100.0%

2016

1059

1522

4.3

$183,276

2015

1191

1412

3.6

$159,944

Change

-11.1%

+7.8%

+19.8%

+14.6%

E XC LU S I V E LY P R E S E N T I N G :

PORT SAINT LUCIE $1,349,000 As seen on cover!

FORT PIERCE $798,000

FORT PIERCE $887,700

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

2016

99

103

3.1

$87,680

2015

101

116

3.4

$69,841

Change

-2.0%

-11.2%

-8.2%

+25.5%

2016

0

5

NA

$0

2015

2

0

0.0

$357,750

Change

-100.0%

NA

NA

-100.0%

2016

0

3

0

$0

2015

0

1

0

$0

Change

0%

+100%

0%

0%

2016

0

5

0

$0

2015

0

1

0

$0

Change

0%

+100%

0%

0%

2016

99

116

3.5

$87,680

2015

103

118

3.4

$82.510

Change

-3.9%

-1.7%

+3.4%

+6.3%

A SELECTION OF RECENT SOLDS:

Port Saint Lucie 2031 SE Elmhurst Road $320,000

Port St Lucie 2425 SE Issac Road $284,500

Port Saint Lucie 6443 Regal Circle $198,000

C O L D W E L L

B A N K E R

PORT ST. LUCIE

772-878-3200

FT. PIERCE MAINLAND 772-461-3250

P A R A D I S E

S. HUTCHINSON ISLAND 772-461-1324