Hutchinson Island EDDM - Feb 2018

Hutchinson Island & Ocean Village

RECENTLY SOLD

SOLD $1,125,000

SOLD $770,000

www.FLColdwellBanker.com

SOLD $770,000

2316 Tamarind Drive

118 Queen Eugenia Court

1714 Coconut Drive

SOLD $730,000

SOLD $687,500

SOLD $660,000

1605 Thumb Point Drive

3702 N A1A #601

4400 N A1A #10S

SOLD $643,000

SOLD $625,000

3000 N A1A Phv-B

133 Parliament Court

SOLD $600,000 2400 S Ocean Drive #81112

Homes selling fast!

Call to see how much your home is worth!

772-464-7007 SOLD $559,000

SOLD $559,000

2400 S Ocean Drive #4192

1610 Thumb Point Drive

S HUTCHINSON ISLAND OFFICE 221 S Ocean Drive Fort Pierce, FL 34949 772-461-1324 N HUTCHINSON ISLAND OFFICE 4007 Florida A1A Fort Pierce, FL 34949 772-464-7007

OCEAN VILLAGE OFFICE 100 Mainsail Drive Fort Pierce, FL 34949 772-489-6100

www.FLColdwellBanker.com

2017 Hutchinson Island Year End Real Estate

MARKET REPORT

Homes Sold

Current Listings

Month’s Supply

Average Price

Condos Sold

Current Listings

Month’s Supply

Average Price

2017

7

2

3.4

$221,429

170

50

3.5

$181,366

2016

12

1

1.0

$208,538

182

78

5.1

$176,616

Change

-41.7%

+100.0%

+242.9%

+6.0%

-6.6%

-35.9%

-31.4%

+3.0%

$250,001 to

2017

37

16

5.2

$372,682

124

82

7.9

$322,453

$500,000

2016

38

17

5.4

$395,861

89

71

9.6

$308,506

Change

-2.6%

-5.9%

-3.7%

-6.0%

+39.3%

+15.5

-17.7%

+5.0%

$500,001 to

2017

19

20

12.6

$723,958

24

28

14

$632,625

$1,000,000

2016

15

28

22.4

$677,765

15

18

14.4

$623,920

Change

+26.7%

-28.6%

-43.6%

+7.0%

60.0%

+55.6%

-2.8%

+1.0%

Over

2017

4

11

33.0

$1,688,750

0

5

0

0

$1,000,000

2016

4

6

18.0

$1,623,125

0

0

0

0

Change

0.0%

+83.3%

+83.3%

0.0%

0.0%

+100%

0.0%

0.0%

2017

67

49

8.8

$535,000

318

165

6.2

$270,438

2016

69

52

9.0

$495,720

286

167

7.0

$241,118

Change

-2.9%

-2.2%

-2.2%

+8.0%

+11.2%

-1.2%

-11.4%

+12%

Price Point

Year

Under $250,000

Total

Inventory Tightening Causes Moderate Gains for Hutchinson Island Properties The Hutchinson Island housing market showed steady gains in 2017, with average prices increasingly slightly for most property types and ranges. A tightening of inventory has tempered sales for single family homes and shows a healthy 11.2% increase for condos on the Island. The biggest increase in sales came were in the over $500k single family homes and condos which had respective increases of 26.4% and

60%. With such gains in sales and with a continued lack of inventory, it is likely that you’ve regained significant equity. Call your favorite Coldwell Banker Paradise agent for your free home evaluation today. Or call our offices at 772-464-7007.

With eleven offices covering 135 miles of Florida’s East Coast, Coldwell Banker Paradise is the largest full service real estate company in the area.