2017 St. Lucie County 3rd Quarter Real Estate
MARKET REPORT
$890,000 2021 S Indian River Drive
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 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
Much of the same movement is true for the St Lucie County condominium
during the 3rd quarter of 2017, reports Coldwell Banker Paradise in their
market, with tightening inventories but relatively stable prices. Due to
recently released Market Report. The largest full service real estate
the healthy pace of sales at the lower end of the market, inventory is
company on the Space and Treasure Coast, Coldwell Banker Paradise
declining for condos prices under $500k.
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,
National trends continue to buoy local markets as well. With the US job
our agents are the best trained and most informed to help them make
market on a historic streak of over 80 months consecutive job growth,
critical decisions at the right time,” stated Co-Owner and Broker Linda
it is a good time to be buying or selling homes. Interest rates are likely
Schlitt Gonzalez.
to remain low in the near future, with only gradual increases to come down the road. And although the economy is enjoying robust growth,
Price increases have slowed over this time last year, with an overall
wages have not kept pace. A factor that is likely contributing to the price
increase of 5% year over year, compared to 116% increase year over year
stabilization we are seeing across markets. That, in combination with
in 2016. The overall stability in prices and sales is evidence of buyer
buyer resistance and financing are all holding prices stable.
resistance and financing limits on rapid price increases. With eleven offices covering 135 miles of Florida’s East Coast, Coldwell Pricing is key in a tight inventory market, with most sales happening
Banker Paradise recently celebrated 64 years of continued service
within six weeks. If a home is priced correctly, based on area past sales,
to its clients and communities. Proud of its history, grounded in
it is likely to see a lot of buyer activity.
tradition, and growing thanks to its values, Coldwell Banker Paradise is the area’s only full service real estate company with six divisions
The tightening of inventory is especially evident at the lowest end of
including: residential sales and rentals, commercial sales and leases,
the market, with homes under $250K at a critically short level. There is
property management, and concierge services. To speak with one of
a healthy pace of sales in homes priced over $500K market, with sales
our agents, call our our Fort Pierce office at 772-461-3250, our Port
increasing over 98%.
St Lucie office at 772-878-3200, or our Stuart ofice at 772-878-3200.
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%
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
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%
New to the Market
$449,900
902 Jackson Way
$231,000
268 SW Panther Trace
Our Agents Have the Competitive Edge! Using proprietary technology, our agents BRING THE BUYERS to each and every transaction. Using targeted software applications, and the latest in lead development and capture, our agents can not only target likely buyers, but have the technology in their hands, to put YOUR home in front of the most likely buyers. We 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 one of our agents, call our Fort Pierce office at 772-461-3250, our Port St Lucie office at 772-878-3200, or our Stuart office at 772-301-0600.
A Selection of Recently Sold Properties
$308,000
4590 NW Indian Oak Court
$250,000
1373 SW Porter Road
$195,000
725 SE Carnival Avenue