St Lucie County Mainland Market Report
RECENTLY SOLD
SOLD $1,250,000
2507 S Indian River Drive
SOLD $423,000 718 Boston Ave
SOLD $375,000
11390 Bayshore Drive
SOLD $327,000 2472 Elston Street
SOLD $675,000
2501 S Indian River Drive
SOLD $400,000
20 Orange Ave., PH 1
SOLD $335,000
2416 Atlantic Beach Blvd
SOLD $290,000 1606 Francis Ave
www.FLColdwellBanker.com
SOLD $475,000 1010 S 9th Street
SOLD $400,000
10301 S Indian River Drive
SOLD $330,000
2450 SE Grand Drive
Homes are selling fast! Call to see how much your home is worth! 772-461-3250
FORT PIERCE OFFICE 411 US-1 Fort Pierce, FL 34950 772-461-3250
www.FLColdwellBanker.com 2018 St Lucie County Mid-Year
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
1883
518
1.7
$186,708
203
81
2.4
$109,680
$250,000
2017
2150
640
1.8
$177,920
199
78
2.4
$93,561
Change
-12.4%
-19.1%
-7.6%
+5%
+2%
+3.8%
+1.8%
+17%
$250,001 to
2018
800
652
4.9
$309,867
3
1
2.0
$360,000
$500,000
2017
645
648
6.0
$306,753
3
3
6.0
$330,667
Change
+24%
+0.6%
-18.9%
+1%
0.0%
-66.7%
-66.7%
+9%
$500,001 to
2018
44
91
12.4
$610,917
0
2
N/A
-
$1,000,000
2017
44
98
13.4
$649,705
0
2
N/A
-
0.0%
-7.1%
-7.1%
-6%
N/A
0%
N/A
N/A
Change Over
2018
7
15
1.9
$1,541,429
0
2
N/A
-
$1,000,000
2017
4
26
3.9
$1,607,500
0
3
N/A
-
+75%
-42.3%
-67%
-4%
N/A
-33.3%
N/A
N/A
2734
1276
2.8
$233,041.37
206
86
2.5
$113,325.44
Change Total
2018 2017 Change
2843
1412
3.0
$216,461.73
202
86
2.6
$97,082.38
-3.8%
-9.6%
-6%
+8%
+2%
0%
-1.9%
+17%
The St. Lucie housing market has experienced 8% price growth. The price increases were in the market under $500,000. Prices in the over $500,000 market is a small percentage of the market but prices and number of sales in that market declined. Inventory declined by just under 10% and the number of homes sold declined by 3.8% mostly due to lack of availability of affordable homes in the lower price range. The condominium market is stable in the number of sales and inventory. It experienced 17% price escalation as buyers have moved to condominiums from single family
homes to find something just over and under $100,000. Now is a good time to sell! Prices have escalated over the last several years and rising interest rates and the anticipation of further increases may cause inventories to rise and provide tough competition for sellers. If you would like to find the right price for your home in today’s changing market, contact us at 772-461-3250. 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.