2014 Hutchinson Island Mid-Year Real Estate
MARKET REPORT
Oceanfront Condominiums North Hutchinson Island Many to choose from! $769,777 - $210,000
FT. PIERCE S. HUTCHINSON OCEAN VILLAGE PORT ST. LUCIE N. HUTCHINSON 411 N. US 1 772.461.3250
221 S. Ocean Drive 772.461.1324
100 Mainsail 772.489-6100
7202 S. US 1 772.878.3200
4007 N. Hwy. A1A 772.464.7007
2014 St. Lucie County Island Mid-Year Real Estate Report As specialists in our area, we are pleased to present mid-year key market indicators impacting local real estate values this year. We use this information to forecast market trends that are likely to occur throughout the year. Buyers, sellers and homeowners can make informed decisions based on current and comprehensive information specific to our area. Historically, both the housing market and economy have been cyclical. After years of declining real estate values, stabilization is finally at hand. The indicators reflect mixed results for mid-year 2014 compared to the same time period a year earlier. Sales activity in most categories increased, and inventory levels remained close to stable, or decreased. However changes in the average sales prices varied in different market segments. The overall data suggests that a positive change in our local real estate market is well underway. We invite your inquiries and welcome the opportunity to be of service to you. Please contact us directly at our Ft. Pierce office 772-461-3250, our South Hutchinson Office 772-464-1324, our Ocean Village Office 772-489-6100, our Port St. Lucie office 772-878-3200 or our North Hutchinson office 772-464-7007. 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
HUTCHINSON ISLAND SINGLE FAMILY HOMES MID-YEAR 2014 COMPARISON TO MID-YEAR 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
16
6
2.2
$176,138
2013
7
14
4.2
$186,731
Change
+129%
-57%
-48%
-6%
2014
15
19
7.6
$371,087
2013
13
37
17.1
$338,769
Change
+15%
-49%
-55%
+10%
2014
5
17
20.4
$596,300
2013
6
18
18
$638,958
Change
-17%
-6%
+13%
-7%
2014
1
8
47.9
$1,050,000
2013
0
9%
-
-
Change
-
-11%
-
-
2014
37
50
8.1
$335,568
2013
35
78
13.4
$320,727
Change
+6%
-36%
-39%
+5%
HUTCHINSON ISLAND CONDOS MID-YEAR 2014 COMPARISON TO MID-YEAR 2013 Price Point Under $250,000
$250,000 to $500,000
$500,001 to $1,000,000
Over $1,000,000
Total
Year
Condos Sold
Current Listings
Month’s Supply
Average Price
2014
139
112
4.8
$160,060
2013
137
187
8.2
$161,622
Change
+1%
-40%
-41%
-1%
2014
24
116
29
$340,700
2013
50
90
10.8
$338,853
Change
-52%
+29%
+169%
+1%
2014
12
30
15
$648,650
2013
12
29
14.5
$599,604
Change
0%
+3%
+3%
+8%
2014
0
0
-
-
2013
0
0
-
-
Change
0%
0%
-
-
2014
175
258
8.8
$218,337
2013
199
306
9.2
$232,564
Change
-12%
-16%
-5%
-6%
EXCLUSIVELY PRESENTING:
$595,000
$500,000
$399,000
3000 N. A1A
2077 Indian Summer Lane
3120 N. A1A #1203
$499,000
$350,000 - $210,000
$299,000
1901 Surfside Drive
Harbour Isles Drive
1605 Bahia Drive
ATRIUM II • N. HUTCHINSON ISLAND
OCEANIQUE • N. HUTCHINSON ISLAND
SURFSIDE ESTATES • S. HUTCHINSON ISLAND 10 UNITS AVAILABLE • S. HUTCHINSON ISL.
TIARA TOWERS • N. HUTCHINSON ISLAND
THUMB POINT • S. HUTCHINSON ISLAND
WE INVITE YOU TO VIEW OUR ENTIRE COLLECTION AT: FLColdwellBanker.com
PRSRT SSTD ECRWSS U.S. POSTAGE PAID EDDMRETAIL
A SELECTION OF RECENT SOLDS: UND ER C ONTR AC T I N 2 DAYS !
Asking Price $1,150,777
JACK ISLAND • N. HUTCHINSON ISLAND
SOLD for $1,050,000 Asking Price $252,000
921 Jack Island Access Road
Asking Price $449,000
3000 N. Highway A1A Unit 3-B
C
Harbour Isle Drive PH 1, 28W
SOLD for $420,000 Asking Price $359,000
ATRIUM • N. HUTCHINSON ISLAND
UNDER CONTRACT for $235,000
HARBOUR ISLE • S. HUTCHINSON ISLAND
SOLD for $350,000
SEASCAPE 1 • OCEAN VILLAGE
2400 S. Ocean Drive #4202
Asking Price $339,000
SOLD for $321,500
OCEAN HOUSES • OCEAN VILLAGE
1020 Windward Drive Unit 1020
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 OCEAN VILLAGE PORT ST. LUCIE N. HUTCHINSON 772.461.1324
772.489-6100
772.878.3200
772.464.7007