Coldwell Banker Paradise 3rd Quarter Market Report

2018 3rd Quarter St Lucie & Martin County

RECENTLY SOLD Kathleen Nalley & Robin Pacheco, REALTORS® Kathleen: 772-940-3240 • Robin: 772-777-9039

SOLD $1,025,000

SOLD $620,000

5287 SW Anhinga Ave, Palm City

18501 Tranquility Base Lane

SOLD $519,000 709 SE Hidden River Drive

www.FLColdwellBanker.com

SOLD $559,000 2871 NE Pinecrest Lakes Blvd

SOLD $500,000

SOLD $389,000

1639 SW Dyer Point Road, Palm City

2001 SW Import Drive

SOLD $330,000

SOLD $286,000

SOLD $285,000

938 SW 33rd Street, Palm City

612 NE Muskrat Run

1060 SW Idol Avenue

Homes are selling fast!

Call Katie or Robin now to see how much your home is worth!

SOLD $262,900 2623 Chestnut Lane

SOLD $260,000 159 NW Willow Grove Avenue

Kathleen: 772-940-3240 Robin: 772-777-9039

Our Promise To You We are here to look out for your best interest and help you make good decisions. Our job is not just to get your house sold, but to create a successful sale; to get you to the closing table on time, with the fewest amount of problems and with the most money in your pocket.

Kathleen.Nalley@cbparadise.com Robin.Pacheco@cbparadise.com

2018 St Lucie County and Martin County 3rd Quarter Real Estate

In summary, our job responsibilities are to first share how to enhance your home, how to package it for profit and how to determine the best asking price. Second, to give your home total market exposure, create more demand, get more offers, make sure buyers are serious and qualified and make sure the transaction is worry free. Coldwell Banker Paradise is a full-service company based on integrity and putting you first. As your trusted advisors we are always looking out for your best interest.

Kathleen & Robin

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

2763

700

2.3

$187,212

306

88

2.6

$107,115

$250,000

2017

3162

615

1.8

$184,870

306

69

2.0

$95,710

Change

-12.6%

+13.8%

+30.3%

+1.0%

0.0%

+27.5%

+27.5%

+12%

$250,001 to

2018

1381

757

4.9

$300,804

6

2

3.0

$352,167

$500,000

2017

970

668

6.2

$315,573

3

4

12.0

$330,667

Change

+42.4%

+13.3%

-20.4%

-5.0%

+100.0%

-50.0%

-75.0%

+7.0%

$500,001 to

2018

73

80

9.9

$603,462

0

2

0

$1,000,000

2017

56

86

13.8

$678,603

1

2

18.0

Change

+30.4%

-7.0%

-28.6%

-11.0%

-100.0%

0.0%

0

Over

2018

11

13

10.6

$1,397,727

0

3

0

$1,000,000

2017

5

24

43.2

$1,132,000

0

3

0

Change

+120.0%

-45.8%

-75.4%

+23.0%

0.0%

0.0%

0

2018

4228

1550

3.3

$234,651

312

95

2.7

$111,827

2017

4193

1393

3.0

$222,830

310

78

2.3

$99,546

Change

+0.8%

+11.3%

+10.3%

+5.0%

+0.6%

+21.8%

+21.0%

+12%

Total

$580,000

$1,700,000

Healthy Market: Great News for Both Buyers and Sellers The current St. Lucie and Martin County real estate market can be best be described as Strong and Healthy. Inventory is tight, but growing, and price increases this year have been moderate and sustainable.

While there is only a 3 month supply of available inventory, the supply is better than it was at this time last year. New construction is filling the void created by the tight supply of resale homes, and this is moderating price increases. Anyone beginning a new home search should consult with their agent about the availability and price difference of buying a new home. While the new home will be more expensive upfront, the reduced maintenance in the near term and lower insurance and energy costs can help to make up for that.

Sellers still have lots of buyers to choose from and a correctly priced house should find a qualified buyer. The average price for homes has only increased 5% from a year ago. That trend should remain the same going into next year. Job and income growth are strong, but rising interest rates mean higher payments so buyers are not likely to stretch beyond a 4 - 7% increase in over the next year.

Steady growth is not overheated and that should give buyers peace of mind. If you are considering buying or selling, sit down with Kathleen or Robin to find out the value of your current home.

Call Kathleen Nalley, Realtor® at 772-940-3240 or Robin Pacheco, Realtor® at 772-777-9039 today.