St Lucie County 2nd Quarter Market Report 2017

2017 St Lucie County Mid-Year Real Estate

MARKET REPORT

$525,000 8071 Kiawah Trace Offered by Adena Williams

STUART

2384 NW Federal Hwy 772-301-0600

PORT ST LUCIE 7202 US 1 772-878-3200

FORT PIERCE 411 US 1 772-461-3250

St Lucie County Mid-Year Comparison 2017 to 2016 St. Lucie County Housing Market Continues to Remain Healthy With double digit increases in both inventory and average sales price, the St. Lucie County Housing Market is likely to continue its healthy pace throughout 2017, reports Coldwell Banker Paradise in their recently released MidYear Housing Report.

A more moderate pace in the condominum market leads to a more balance market overall, with inventory slightly up and sales slowing their pace. Affordable units are continuing to be sought after from both investors and retirees, however inventory levels have remained stable.

This year, as many homeowners have found their equity levels rising, more and more St. Lucie residents are looking to finally make their move. Single family homes saw a 46% increase in sales at the $250k-$500K level.

The leader in full service local real estate, Coldwell Banker Paradise agents closed over 2,234 transactions in the last year, placing the company as the 350th largest broker in the country in units sold, according to the Real Trends 500 survey. Nationally, Coldwell Banker out-produced every other national brand, ranking #1 for dollar volume.

Buyers who are relocating from the Miami-Fort Lauderdale and West Palm Beach markets would do well to work with a savvy agent who can keep them abreast of new properties coming onto the market, especially with the movement in the market.

“Its a great time to sell with real movement in the market, and if you are in the market to buy, now is a better time than ever,” stated Coldwell Banker Paradise Co-Owner and Broker Linda Schlitt Gonzalez. “Interest rates are likely to rise, now would be advisable for buyers to jump in.”

With eleven offices from Stuart to Satellite Beach, Coldwell Banker Paradise prides itself on providing the best market analysis available to home buyers and sellers through its Quarterly Market Reports and its knowledgeable agents.

To find out what your home may be worth in this rapdly moving market, stop by our new Stuart office at 2384 NW Federal Highway, or call 772-301-0600.

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

2150

640

1.8

$177,920

2016

2172

682

1.9

$161,774

Change

-1.0%

-6.2%

-5.2%

+10.0%

2017

645

648

6.0

$306,753

2016

440

398

5.4

$304,951

Change

+46.6%

+62.8%

+11.1%

+1%

2017

44

98

13.4

$649,705

2016

25

57

13.7

$620,400

Change

+76.0%

+71.9%

-2.3%

+5.0%

2017

4

26

39.0

1,607,500

2016

0

16

0.0

--

Change

100%

+62.5%

100%

--

2017

2843

1412

3.0

$216,461

2016

2637

1153

2.6

$190,011

Change

+7.8%

+22.5%

+13.6%

+14.0%

Price Point Under $250,000

$250,001 to $500,000

$500,001 to $1,000,000

Total

CONDOS

Year

Condos Sold

Current Listings

Month’s Supply

Average Price

2017

199

78

2.4

$93,561

2016

213

78

2.2

$87,900

Change

-6.6%

0.0%

+7.0%

+6.0%

2017

3

3

6.0

$330,667

2016

1

3

18.0

$450,000

Change

+200.0%

0.0%

-66.7%

-27.0%

2017

0

2

0

0

2016

0

1

0

0

Change

0.0%

+100.0%

0.0%

0

2017

202

86

2.6

$97,082

2016

214

86

2.4

$89,681

Change

-5.6%

+0.0%

+5.9%

+8.0%

New to the Market

$1,495,000

1210 Country Gardens Lane

$345,000

4590 NW Indian Oak Court

$388,000

5463 Tree Top Trail

A Selection of Recently Sold Properties

$675,000

9509 S Indian River Drive

$435,000

1166 SE Conference Circle

$320,000

2379 NW Cove Road

We’re in Stuart Just to the North of the Roosevelet Bridge in Stuart, Coldwell Banker Paradise, the area’s largest and oldest fullservice real estate company, has opened its newest office.

Located at 2384 NW Federal Highway, in the plaza next door to Family Furniture, Coldwell Banker Paradise will provide a full array of real estate services for Martin County residents and for visitors wanting to relocate to this wonderful area.

“We are thrilled to bring our commitment to community to Martin County. Our agents have

been selling homes in Jensen Beach, Stuart and Palm City, that it was only natural for us to expand our brick and mortar presence,” stated Co-Owner and Broker Steven Schlitt.

Service, dedication, and an unwavering commitment to the highest ideals of their profession, Co-Owners and Brokers Steven Schlitt and Linda Schlitt Gonzalez have grown their business exponentially, becoming one of the Top Three Coldwell Banker Franchise’s in

the state of Florida. In addition, for nearly 15 years, they have been honored annually with the Chairman’s Circle from Coldwell Banker national. The Chairman’s Circle award is the most prestigious designation a Coldwell Banker affiliated company can achieve signifying the top six percent of Coldwell Banker affiliated residential real estate brokerage companies in the world.

Open 7 days a week, you can call or stop by! 772-301-0600.