St lucie county mainland 3rdq 2017 dawn carlin

2017 St. Lucie County 3rd Quarter Real Estate

MARKET REPORT

$799,000

2805 S.Indian River Drive Ft. Pierce, FL 34982 RX-10375099

Dawn Carlin

772.882.8866 Lifetime St. Lucie County Resident

St. Lucie County 3rd Quarter Comparison 2017 to 2016

Stable Prices and Sales Leads to Long Term Health for St. Lucie County Housing Market Sales and prices have stabilized in the St. Lucie County Housing Market during the 3rd quarter of 2017, reports Coldwell Banker Paradise in their recently released Market Report. The largest full service real estate company on the Space and Treasure Coast, Coldwell Banker Paradise prides itself on its up to date and thorough market statistics. “It’s vital for our customers to keep a pulse on what is happening in the market, our agents are the best trained and most informed to help them make critical decisions at the right time,” stated Co-Owner and Broker Linda Schlitt Gonzalez.

Price increases have slowed over this time last year, with an overall increase of 5% year over year, compared to 116% increase year over year in 2016. The overall stability in prices and sales is evidence of buyer resistance and financing limits on rapid price increases.

Pricing is key in a tight inventory market, with most sales happening within six weeks. If a home is priced correctly, based on area past sales, it is likely to see a lot of buyer activity.

The tightening of inventory is especially evident at the lowest end of the market, with homes under $250K at a critically short level. There is a healthy pace of sales in homes priced over $500K market, with sales increasing over 98%.

Much of the same movement is true for the St. Lucie County condominium market, with tightening inventories but relatively stable prices. Due to the healthy pace of sales at the lower end of the market, inventory is declining for condos prices under $500k.

National trends continue to buoy local markets as well. With the US job market on a historic streak of over 80 months consecutive job growth, it is a good time to be buying or selling homes. As has been the case in recent years, interest rates are likely to remain low in the near future, with only gradual increases to come down the road. And although the economy is enjoying robust growth, wages have not kept pace. A factor that is likely contributing to the price stabilization we are seeing across markets. That, in combination with buyer resistance and financing are all holding prices stable.

With eleven offices covering 135 miles of Florida’s East Coast, Coldwell Banker Paradise recently celebrated 64 years of continued service to its clients and communities. Proud of its history, grounded in tradition, and growing thanks to its values, Coldwell Banker Paradise is the area’s only full service real estate company with six divisions including: residential sales and rentals, commercial sales and leases, property management, and concierge services. To speak with Dawn Carlin, REALTOR® today about what the value of your home might be, call her directly at 772-882-8866.

SINGLE FAMILY HOMES Price Point Under $250,000

$250,001 to $500,000

$500,001 to $1,000,000

Over $1,000,000

Total

Year

Homes Sold

Current Listings

Month’s Supply

Average Price

2017

3162

615

1.8

$184,870

2016

3323

774

2.1

$186,904

Change

-4.8%

-20.5%

-16.5%

-1%

2017

970

668

6.2

$315,573

2016

679

567

7.5

$301,381

Change

+42.9%

+17.8%

-17.5%

+5%

2017

56

86

13.8

$678.603

2016

38

87

20.6

$675,984

Change

+47.4%

-1.1%

-32.9%

0.0%

2017

5

24

43.2

$1,132,000

2016

2

23

103.5

$1,538,064

Change

+150%

+4.3%

-58.3%

-26%

2017

4193

1393

3.0

$222,830

2016

4042

1451

3.2

$211,401

Change

+3.7%

-4%

-7.5%

+5%

CONDOS Price Point Under $250,000

$250,001 to $500,000

$500,001 to $1,000,000

Total

Year

Condos Sold

Current Listings

Month’s Supply

Average Price

2017

306

69

2.0

$95,710

2016

309

83

2.4

$109,201

Change

-1.0%

-16.9%

-16.1%

-12%

2017

3

4

12.0

$330,667

2016

1

3

27.0

$326,300

Change

+200.0%

+33.3%

-55.6%

-1.0%

2017

1

2

18

$580,000

2016

0

5

N/A

$920,800

Change

0.0%

+100.0%

N/A

-35%

2017

310

78

2.3

$99,610

2016

310

94

2.7

$109,901

Change

-5.6%

-4.0%

-7.5%

+5.0%

A Sample of Dawn’s Listings

$329,000

$362,500

$189,000

$152,500

1321 Carlton Court, Ft. Pierce

1000 Echo Street, Ft. Pierce

5279 NW Milner Drive, Port St. Lucie

1109 Sunrise Boulevard, Ft. Pierce

I Have the Competitive Edge!

Using proprietary technology, I BRING THE BUYERS to each and every transaction. Using targeted software applications, and the latest in lead development and capture, I can not only target likely buyers, but have the technology in my hands to put YOUR home in front of the most likely buyers. I don’t just work locally, but regionally, nationally and internationally to put your home front and center.

With eleven offices covering 135 miles of Florida’s East Coast, Coldwell Banker Paradise recently celebrated 64 years of continued service to its clients and communities. Proud of its history, grounded in tradition, and growing thanks to its values, Coldwell Banker Paradise is the area’s only full service real estate company with six divisions including: residential sales and rentals, commercial sales and leases, property management, and concierge services. To speak with me today about how I can bring YOU the buyer and to find out what your home may be worth in today’s market call me! Dawn Carlin 772-882-8866.

A Selection of Recently Sold Properties

$195,000

725 SE Carnival Avenue

$250,000

1373 SW Porter Road

$308,000

4590 NW Indian Oak Court