St Lucie County
RECENTLY SOLD
www.FLColdwellBanker.com
SOLD $1,100,000
SOLD $683,000
SOLD $589,000
10072 S Ocean Drive
13549 S Indian River Drive
14857 S Indian River Drive
SOLD $443,000 810 NE Bayberry Lane
SOLD $399,000 13290 County Road 707
SOLD $425,000 3950 NE Skyline Drive
SOLD $362,000 362 SW Kestor Drive
SOLD $400,000 3316 S Indian River Drive
SOLD $360,000 4102 Rushmore Street
Homes selling fast! Call to see how much your home is worth! 772-464-7007 SOLD $355,000
SOLD $350,000
2826 SE Italy Street
1998 SE Bolton Avenue
STUART OFFICE 2384 NW Federal Hwy Stuart, FL 34994 772-301-0600 FORT PIERCE OFFICE 411 US-1 Fort Pierce, FL 34950 772-461-3250
PORT ST LUCIE OFFICE 7202 US-1 Port St. Lucie, FL 34952 772-878-3200
www.FLColdwellBanker.com
MARKET REPORT
2017 St Lucie County Year End Real Estate Price Point
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
Condos Sold
Current Listings
Month’s Supply
Average Price
Under
2017
4116
664
1.9
$180,765
417
90
2.6
$96,848
$250,000
2016
4357
840
2.3
$165,864
399
82
2.5
$89,663
-5.5%
-21.0%
-17.4%
+9.0%
+4.5%
+9.8%
+5.0%
+8.0%
1349
634
5.6
$305,263
3
4
16.0
$330,667
Change $250,001 to
2017
$500,000
2016
910
575
7.6
$305,989
1
4
48.0
$495,000
Change
+48.2%
+10.3%
-26.3%
0%
+200.0%
0.0%
-66.7%
-33.0%
2017
75
81
13.0
$628,639
2
2
12.0
$630,000
2016
49
99
24.2
$305,989
0
4
-
-
+53.1
-18.2%
-46.3%
+105%
-
-50.0%
-
-
$500,001 to $1,000,000
Change Over
2017
6
27
54.0
$1,393,167
0
3
-
-
$1,000,000
2016
3
22
88.0
$1,095,000
0
3
-
-
+100.0%
+22.7%
-38.6%
+27.0%
-
0.0%
-
-
2017
5546
1406
3.0
$218,416
422
99
2.8
$101,037
2016
5319
1536
3.5
$194,696
400
93
2.8
$90,676
+4.3%
-8.5%
-14.3%
+12.0%
+5.5%
+6.5%
+0.0%
+11.0%
Change Total
Change
Robust Sales Continue Strong Pace in St Lucie County Housing Market Sales in St Lucie County continue their strong pace, up 9% year over year. Listings remain even tighter with only a 90 day supply of inventory. With such a tight level of inventory, buyers are challenged and need to be prepared to move quickly. This is particularly true in the starter home market where inventory is under a two months supply. Prices for single family homes in the St Lucie County market grew by 9% in the under $250k segment. For homes in the mid-range, $250K-$1mil, while inventory has shrunk, prices have remained relatively stable. With decreasing inventory the prices in this mid-range market should accelerate this year going up 4-6%.
The real excitement in the St Lucie County market is the growth in the luxury housing market, with homes selling in the $1mil + range. And with more high-end inventory being built that sales pace should continue. Pricing a home correctly remains one of the determining factors on if your St Lucie or Martin County home will sell quickly. Call your favorite Coldwell Banker Paradise agent for your free home evaluation today. Or call our offices at 772-301-0600. 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.