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.