Hutchinson Island & Ocean Village
RECENTLY SOLD
SOLD $995,000 4160 N Hwy A1a #1007A
SOLD $535,000 1671 Binney Drive
www.FLColdwellBanker.com
SOLD $429,000 2400 S Ocean Drive #4174
SOLD $410,000
SOLD $380,000
SOLD $369,000
3010 Windward Drive
1920 Rio Vista Drive
4100 Hwy A1a #132
SOLD $340,000 5061 N Hwy A1a #801
SOLD $315,000 1120 Granada Street
SOLD $325,000 5047 N Hwy A1a #1402
SOLD $285,000 219 River Walk #10
SOLD $317,000 5047 N Hwy A1a #1101
Homes selling fast! Call to see how much your home is worth! 772-464-7007 or 772-461-1324
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
2018 Hutchinson Island 1st Quarter Real Estate
MARKET REPORT
Price Point
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
Condos Sold
Current Listings
Month’s Supply
Average Price
Under
2018
$250,000
2017
4
2
1.5
$172,275
39
68
5.2
$192,947
4
0.0
0.0
$229,250
44
78
5.3
$178,177
Change
0.0%
-
-
-25.0%
-11.4%
-12.8%
-1.6%
+8.0%
$250,001 to
2018
9
19
6.3
$311,222
27
101
11.2
$315,700
$500,000
2017
12
16
4.0
$346,590
25
70
8.4
$310,148
Change
-25.0%
+18.8%
+58.3%
-10.0%
+8.0%
+44.3
+33.6%
+2.0%
$500,001 to
2018
4
24
18.0
$635,000
5
42
25.2
$756,800
$1,000,000
2017
3
23
23.0
$700,833
0
22
-
-
Change
+33.3%
+4.3%
-21.7%
-9.0%
-
+90.9%
-
-
Over
2018
2
8
12.0
$2,972,500
0
0
-
-
$1,000,000
2017
1
9
27.0
$1,690,000
0
3
-
-
Change
+100.0%
-11.1%
-55.6%
+76.0%
-
-100%
-
-
2018
19
53
8.4
$630,268
71
211
8.9
$279,336
2017
20
48
7.2
$443,429
69
173
7.5
$225,993
Change
-5..0%
+10.4%
+16.2%
+42.0%
-5.0%
+10.4%
+16.2%
+42.0%
Total
The Hutchinson Island condominium market is well balanced and should sustain steady moderate price increases, while buyers enjoy a sufficient supply of inventory from which to choose. Supply in the under $250,000 market is at 5.3 months and should continue at this level. In the $250,000 to $500,000 market, supply has grown to approximately 11 months and price increases in the 2% range or lower will probably continue. The biggest news in Hutchinson Island housing is the growth of the
luxury home market. Homes $500,000 to over $1 million, once unheard of, are now steadily selling and inventory is growing to keep pace with demand. Keep an eye on this portion of the market to continue to expand. If you would like to find the right price for your home in today’s changing maket, contact us 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.