St Lucie County 1st Quarter Market Report - 2018

St Lucie County

RECENTLY SOLD

SOLD $1,025,000

SOLD $340,000

4750 SE Horseshoe Point Road

10604 Pine Cone Lane

SOLD $285,900 5875 NW Leah Drive

SOLD $259,900 5350 SE Pine Avenue

SOLD $280,000 354 SW Walking Path

SOLD $254,000 1226 SW Melrose Avenue

www.FLColdwellBanker.com

SOLD $290,000 4829 SE Anchorage Drive

SOLD $264,000 6218 Arlington Way

SOLD $249,900 6311 Lilyan Parkway

Homes selling fast!

Call to see how much your home is worth!

772-461-3250 SOLD $245,000

SOLD $245,000

425 SW Fairway Landing

1206 White Oak Lane

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

2018 St Lucie County 1st Quarter Real Estate

MARKET REPORT

Price Point

Year

Homes Sold

Current Listings

Month’s Supply

Average Price

Condos Sold

Under

2018

815

667

2.5

$182,014

$250,000

2017

890

793

2.7

$173,116

-8.4%

-15.9%

-8.1%

323

702

Change

Current Listings

Month’s Supply

Average Price

89

90

3.0

$116,672

77

101

3.9

$106,186

+5.0%

+15.6%

-10.9%

-22.9%

+10.0%

6.5

$317,092

1

4

12.0

$325,000

$250,001 to

2018

$500,000

2017

274

596

6.5

$305,336

3

4

4.0

$330,667

Change

+17.9%

+17.8%

-0.1%

+4.0%

-66.7%

0.0%

+200.0%

-2.0%

2018

19

92

14.5

$594,205

0

2

-

-

2017

16

99

18.6

$635,688

0

3

-

-

+18.8

-7.1%

-21.7%

-7.0%

-

-33.3%

-

-

$500,001 to $1,000,000

Change Over

2018

2

26

39.0

$1,360,000

0

3

-

-

$1,000,000

2017

1

18

54.0

$1,200,000

0

3

-

-

+100.0%

+44.4%

-27.8%

+13.0%

-

0.0%

-

-

2018

1159

1487

3.8

$228,449

90

99

3.3

$118,987

2017

1181

1506

3.8

$210,928

80

111

4.2

$114,604

-1.9%

-1.3%

+0.0%

+8.0%

-1.9%

-1.3%

+0.6%

+8.0%

Change Total

Change

St. Lucie county real estate continued strong steady growth in the first

get onto a home search update with their agent and be ready to move

quarter of 2018. Prices increased by 8% which is a pace that should

when the right home comes on the market.

continue into the future.

Mortgage rate increases will be a moderating influence on price increases With a 6.5 month supply of inventory in homes priced over $250,000,

as well. As the mortgage rates raise the cost of borrowing, buyers are

buyers generally have a good supply of homes from which to choose and

held back on the amount they can pay for a home.

price increases have been moderate at only 4%. New home inventory in this price range will help to keep price increases to about the 4% rate

If you would like to find the right price for your home in today’s changing

ongoing.

maket, contact us at 772-301-0600. With eleven offices covering 135 miles of Florida’s East Coast, Coldwell Banker Paradise is the largest full

Buyers looking for homes under $250,000 will continue to be challenged with a short supply of only 10 weeks worth of inventory. Buyers need to

service real estate company in the area.