3rd Quarter Hutchinson Island Market Report

2018 3rd Quarter Hutchinson Island

RECENTLY SOLD

SOLD $1,625,000

SOLD $960,000

1502 Seaway Drive #5

3702 N A1A Ph 1

SOLD $630,000

SOLD $554,000

201 Fernandina Street

SOLD $312,000 600 Mariner Bay Blvd

SOLD $299,000 1906 Indiatlantic Drive

2900 NA1A 8D

www.FLColdwellBanker.com

SOLD $775,000 1705 Rio Vista Drive

SOLD $317,000 2400 S Ocean Drive 4341

SOLD $305,000

SOLD $300,000

2400 S Ocean Drive 8124

1321 Carlton Court

SOLD $262,500 5167 NA1A 103

Homes are selling fast!

Call now to see how much your home is worth!

772-464-7007

PRSRT STD US POSTAGE PAID West Palm Bch, FL Permit #611

N Hutchinson Island Office 4007 Florida A1A Fort Pierce, FL 34949 772-464-7007 S Hutchinson Island Office 221 S Ocean Drive Fort Pierce, FL 34949 772-461-1324

Fort Pierce Office 411 US-1 Fort Pierce, FL 34950 772-461-3250

ECRWSS *********ECRWSSEDDM******** POSTAL CUSTOMER

www.FLColdwellBanker.com With 11 offices covering 135 miles of Florida’s East Coast, Coldwell Banker Paradise is the area’s largest full service real estate company.

2018 Hutchinson Island 3rd Quarter Real Estate

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

4

5

11.3

$187,875

124

60

4.4

$185,596

$250,000

2017

7

0

0.0

$221,429

136

49

3.2

$183,687

Change

-42.9%

0.0%

+100.0%

-15.0%

-8.8%

+22.4%

+34.3%

+2.0%

$250,001 to

2018

35

12

3.1

$318,566

124

95

6.9

$309,407

$500,000

2017

29

18

5.6

$372,894

85

63

6.7

$324,437

Change

+20.7%

-33.3%

-44.8%

-15.0%

+45.9%

+50.8%

+3.4%

-5.0%

$500,001 to

2018

14

8

5.1

$575,543

25

36

13.0

$708,280

$1,000,000

2017

16

19

10.7

$706,262

14

24

15.4

$641,607

Change

-12.5%

-57.9%

-51.9%

-19.0%

+78.6%

+50.0%

-16.0%

10%

Over

2018

6

8

12.0

$2,128,667

0

1

0

$1,000,000

2017

4

8

18.0

$1,688,750

0

5

0

$1,331,800

Change

+50.0%

0.0%

-33.3%

+26.0%

0.0%

-80.0%

0

-100.0%

2018

59

33

5.0

$554,761

273

192

6.3

$290,151

2017

56

45

7.2

$543,198

235

141

5.4

$261,876

Change

+5.4%

-26.7%

-30.4%

+2.0%

+16.2%

+36.2%

+17.2%

+12.0%

Total

Solid Increases and Healthy Inventory Keeps Island Market Thriving The Hutchinson Island market has evolved into a stable balanced market. Buyers have plenty of inventory to choose from with a 5 month supply available for sale. Sellers are still seeing a healthy increase in prices at 2%, this deepening with inflation.

As a market that is strongly influenced by second home purchases, the market for the coming year will continue to slow but will still have steady growth. The weak Canadian dollar and and various instabilities in the financial markets, tend to continually affect this market. So, buyers should be able to get value and sellers should find willing buyers for their well-priced properties. If you are considering buying or selling, sit down with your real estate agent to find out the value of your current home. Call 772-464-7007 to contact your preferred real estate agent today.