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