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