St. Lucie County 2014 Year End Real Estate Market Report

2014 St. Lucie County Year End Real Estate

MARKET REPORT

4560 S. 25th Street Ft. Pierce Offered at $1,585,777

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 Year End Real Estate Report Whether you’re thinking about buying a home, selling your home, or you’re just curious about your home’s value, it’s important to know about trends in the real estate market that could impact your financial security.

Unfortunately, information about price appreciation and sales activity that is published by traditional media forums is very general and may not be consistent with what’s happening in your neighborhood or price point. Information contained in this report is designed to give you greater insight into trends that are occurring in your neighborhood, by price point.

In general, 2014 proved to be another good year for real estate sales and appreciation. For example, the value of residential properties (single-family homes and condominiums) that sold for under $250,000 on the mainland in St. Lucie County experienced double-digit appreciation. However, this was not the case for residential sales that occurred above $250,000, where an increase in sales activity did not necessarily lead to an increase in prices.

In 2015, we expect the full recovery that has occurred for residential prices under $250,000 to also occur in the $250,000-$500,000 price range. We may not see a full recovery for properties valued over $500,000 until 2016.

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. All discussions are strictly confidential.

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 YEAR END 2014 COMPARISON TO YEAR END 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

5,348

995

2.2

$127,836

2013

4,976

1,888

4.6

$115,554

Change

+7%

-47%

-52%

+11%

2014

407

328

9.7

$316,124

2013

247

266

12.9

$321,330

Change

+65%

+23%

-25%

-2%

2014

32

95

35.6

$688,174

2013

41

48

14

$654,260

Change

-22%

+98%

+152%

+5%

2014

5

32

76.8

$1,063,000

2013

1

16

192.8

$1,200,000

Change

+400%

+100%

-60%

-11%

2014

5,792

1,449

3

$147,825

2013

5,265

2,218

5.1

$126,609

Change

+10%

-35%

-41%

+14%

ST. LUCIE COUNTY CONDOS YEAR END 2014 COMPARISON TO YEAR END 2013 Price Point

Year

Condos Sold

Current Listings

Month’s Supply

Average Price

2014

740

199

3.2

$86,386

2013

617

162

3.2

$77,955

Change

+20%

+23%

0%

+11%

2014

3

2

8

$383,933

2013

2

1

6

$325,000

Change

+50%

+100%

+33%

+18%

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

743

201

3.2

$87,588

2013

620

163

3.2

$79,594

Change

+20%

+23%

0%

+10%

Under $250,000

$250,000 to $500,000

$500,001 to $1,000,000

Over $1,000,000

Total

EXCLUSIVELY PRESENTING:

$895,000

$750,000

$499,000

2501 S. Indian River Drive

8005 S. Indian River Drive

3606 SW Perry Court

$389,900

$316,500

$299,000

2619 Brocksmith Road

595 SE Calmoso Drive

425 SE Verada Avenue

RIVERFRONT • FORT PIERCE

MCNURLEN FARMS • FT. PIERCE

RIVERFRONT • FT. PIERCE

POOL HOME • PORT ST. LUCIE

WATERFRONT • PORT ST. LUCIE

RIVERPARK • PORT ST. LUCIE

WE INVITE YOU TO VIEW OUR ENTIRE COLLECTION AT:

FLColdwellBanker.com

PRSRT SSTD ECRWSS U.S. POSTAGE PAID EDDMRETAIL

A SELECTION OF RECENT SOLDS: SOLD IN 25 DAYS

Asking Price $694,900

RIVER FRONT • FORT PIERCE

SOLD for $678,000 Asking Price $224,900

3701 S. Indian River Drive

Asking Price $214,900

1813 SW Bradway Lane

SOLD IN 20 DAYS

SOLD for $210,000 Asking Price $189,900 SOLD for $183,000 Asking Price $169,900

SOUTHBEND • PORT ST. LUCIE

3008 SE Wake Road

C

SOLD for $220,000

PORT ST. LUCIE

SOUTH PORT ST. LUCIE

2252 Flanders Road

PORT ST. LUCIE

SOLD for $170,000

5102 NW Ever Road

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