St. Lucie County Mid-Year Market Report 2015

2015 St. Lucie County Mid-Year Real Estate

M A R K E T R E P O RT

4560 25th Street, Fort Pierce Offered at $1,595,777

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 Mid-Year Comparison 2015 to 2014 Increasing Prices, Low Inventory Driving St Lucie Housing Up Prices on single family homes in St. Lucie County will continue to down 1% in the average price from the first quarter. With the rise, especially at the lower end of the market, reports Coldwell overall average price coming down 2% from the first half of Banker Paradise in their just released Mid-Year Market Report for last year,“it is a good sign that the market is self-correcting, 2015. The under $250k market saw the most growth in sales, with modest price increases, and even price stabilization is a sign of sales up nearly13% over this time last year. But, cautions Co-Owner a sober and steady economic growth,” added Gonzalez. and Broker Linda Gonzalez, “with inventory so tight on this lower As for condominiums, the market reflects a thirst for end, it inevitably will result in price those units priced under $250k while those over increases.” Investors continue to look $250k are seeing a slight decrease in price. The Competition for for opportunities at this end of the lower end condos are a prime market for investors quality, affordable market, add to that former homelooking for rental units. owners who are returning to the Voted best St. Lucie brokerage by the readers homes continues to market after having recovered from of Treasure Coast Newspapers, Coldwell Banker drive the market. the foreclosure downturn. Coupled Paradise prides itself on providing the best market with millennials who are coming into knowled¬ge available to home buyers and sellers the market for the first time, lower priced homes continue to be through its Quarterly Market Reports and it’s knowledgeable at a premium. “With three segments vying for the same piece of agents. “Our agents are the experts, they are in the the puzzle, there is bound to be inventory issues,” added Gonzalez. neighborhoods, seeing what is selling and why. Want to know “If the trends continue, we will see prices increase, perhaps what is happening in your neighborhood, as compared to your significantly,” stated Gonzalez. surrounding county and the region? Ask our agents today,” In contrast, single family homes priced in the mid-level, from urged Gonzalez. You can reach our Port St. Lucie office at $250-$500k saw the highest gain in inventory and lowest price 772-878-3200 and in Fort Pierce, you can reach us at 772increase. In fact, it was the only segment saw a price adjustment, 461-3250.

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

2359

780

2.2

$141,459

2014

2706

1102

2.4

$122,556

Change

-12.8%

-29.2%

-18.8%

+15.4%

2015

269

400

8.9

$312,006

2014

167

275

9.9

$318,788

Change

+61.1%

+45.5%

-9.7%

-2.1%

2015

30

82

16.4

$653,544

2014

14

54

23.1

$685,757

Change

114.3%

+51.9%

-29.1%

-4.7%

2015

4

27

40.5

$1,235,625

2014

2

14

42

$1,057,500

Change

+100%

+92.9%

-3.6%

+16.8%

2015

2662

1289

2.9

$166,108

2014

2889

1445

3.0

$137,281

Change

-7.9%

-10.8%

-3.2%

+21%

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

208

119

3.4

$71,018

2014

394

109

1.7

$84,783

Change

-47.2%

+9.2%

106.8%

-16.2%

2015

2

0

0

$347,750

2014

2

2

6

$417,500

Change

0%

-100%

-100%

-16.7%

2015

0

1

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

210

124

3.5

$73,721

2014

396

111

1.7

$86,464

Change

-47%

-11.7%

110.7%

-14.7%

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 $170K,that could mean your house could be worth $17,000 more than that website you just visited estimated. When was the last time you walked away from $17K? 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 $1,595,777 Captivating, private custom built castle on 13 acres.

FORT PIERCE $334,900 - 3/2.5/2 corner unit townhome!

SOUTH HUTCHINSON ISLAND $699,000 Beautiful 4 bedroom, 3 bath, 2 car garage directly on intracoastal. Deep water dock. Located in prestigious Thumb Point.

FORT PIERCE $685,000 Historical, riverfront equestrian estate on approximately 5 acres with pool and dock.

PORT ST. LUCIE $309,900 - Reduced 10K! Ocean access beautiful pool home! 3/2/2, Built 2004, Dock, Private Setting.

PORT ST. LUCIE $287,000 Country living at its best in this fenced 1.82 acre lot with large workshop in Poney Pines.

flcoldwellbanker.com

PRSRT SSTD ECRWSS U.S. POSTAGE PAID EDDMRETAIL

A SELECTION OF RECENT SOLDS: SOLD IN NINE DAYS

Fort Pirece 404 NW Canterbury Ct $305,000

Fort Pierce 207 Riverwalk $279,000

SOLD ABOVE LISTING PRICE

Port St Lucie 595 SE Calmoso Drive $299,000

Fort Pierce 1312 Binney Drive $179,000

Fort Pierce 7405 Santa Rosa Pkwy $136,000

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

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