2017 St. Lucie County 3rd Quarter Real Estate

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