2017 Thomas Langan Market Report

END OF THE YEAR

Hutchinson Isl. & St. Lucie Co.

Market Report

Thomas Langan, REALTOR® 631.707.5431

thomas.langan@coldwellbanker.com

MARKET REPORT 2017 Hutchinson Island Year End Real Estate

Inventory Tightening Causes Moderate Gains for Hutchinson Island Properties The Hutchinson Island housing market showed

sales and with a continued lack of inventory, it is

steady gains in 2017, with average prices

likely that you’ve regained significant equity. Call

increasingly slightly for most property types and

your favorite Coldwell Banker Paradise agent

ranges. A tightening of inventory

Thomas Langan, for your free

as tempered sales for single

home evaluation today. He

family homes and shows a healthy

can be reached at 631-707-

11.2% increase for condos on

5431 or by email at thomas.

the Island. The biggest increase

langan@coldwellbanker.com.

in sales came were in the over

Tom is a top producer with

$500k single family homes and

Coldwell

Banker

condos which had respective

with

office

increases of 26.4% and 60%. With such gains in

at

South

Hutchinson Island, 221 S. Ocean Dr., Ft. Pierce.

www.FLColdwellBanker.com 2

an

Paradise

Hutchinson Island

RECENTLY SOLD

SOLD $1,125,000

SOLD $770,000

www.FLColdwellBanker.com

SOLD $770,000

2316 Tamarind Drive

118 Queen Eugenia Court

1714 Coconut Drive

SOLD $730,000

SOLD $687,500

SOLD $660,000

1605 Thumb Point Drive

SOLD $643,000 3000 N A1A Phv-B

3702 N A1A #601

SOLD $625,000

133 Parliament Court

4400 N A1A #10S

SOLD $600,000

2400 S Ocean Drive #81112

Homes are selling fast!

Call to see how much your home is worth!

631.707.5431 SOLD $559,000

2400 S Ocean Drive #4192

SOLD $559,000

1610 Thumb Point Drive 3

WHERE EXCELLENCE LIVES

4

8053 S INDIAN RIVER DRIVE, FORT PIERCE, FL 34982

13700 SW GROVESIDE DRIVE, INDIANTOWN, FL 34956

Estate on 7 plus acres equestrian lot with more than 255 feet of waterfront with amazing views of the intracoastal. 2 story mansion with superior construction master on first floor. $2,600,000

2006 Plantation style home situated on 20 acres features 4/2.5/2 with private pool, pond, fenced with a 14 horse stall barn with an air conditioned office. A true equestrian lovers dream. $2,100,000

For More Information Call Thomas Langan, REALTOR® at 631-707-5431

For More Information Call Thomas Langan, REALTOR® at 631-707-5431

5450 PALMETTO AVENUE, FORT PIERCE, FL 34982

101 S COLORADO AVENUE, STUART, FL 34994

LUCIE’S EDGE- A Unique Enclave of Seclusion! A well maintained 9.5 acre estate home site which is full of Old Florida mature oaks and rests at the edge of the St. Lucie River. $1,495,000

This two bedroom, one bathroom with a carport features a fire place and all the old Florida charm. The home is situated on the River with views of the sunset and sunrise. $1,489,000

For More Information Call Thomas Langan, REALTOR® at 631-707-5431

For More Information Call Thomas Langan, REALTOR® at 631-707-5431

5109 S INDIAN RIVER DRIVE, FORT PIERCE, FL 34950

4160 N A1A HWY E 1007, HUTCHINSON ISL, FL 34949

Magnificent home on the Indian River minutes directly to ocean. Gorgeous views with 100+ ft. riparian rights on the intracostal. Custom built in 2008, $1,225,000

Oceanique is one of the finest ocean front residences on prestigious Hutchinson Island. This luxurious corner unit will please your upmost sense of architectural beauty. $1,429,000

For More Information Call Thomas Langan, REALTOR® at 631-707-5431

For More Information Call Thomas Langan, REALTOR® at 631-707-5431

2021 S INDIAN RIVER DRIVE, FORT PIERCE, FL 34950

3928 DUNESIDE DRIVE, HUTCHINSON ISLAND, FL 34949

Classic Elegance On The Indian River! Move in Ready! See stunning sunrises and gorgeous wide water views of the Indian River while enjoying tropical breezes from your 58’ front porch. $890,000

Enjoy waterfront living at its finest in this classic Key West stately home located on the idyllic North Hutchinson Island with its miles of naturally replenishing beautiful beaches. $829,500

For More Information Call Thomas Langan, REALTOR® at 631-707-5431

For More Information Call Thomas Langan, REALTOR® at 631-707-5431 5

WHERE EXCELLENCE LIVES

6

4160 N A 1 A HIGHWAY 1306, FORT PIERCE, FL 34949

4400 N HWY A1A 5, HUTCHINSON ISLAND, FL 34949

Welcome to Oceanique located on serene North Hutchinson Island. This prestigious 3 bedroom/2.5 bath/1 car garage 13th floor Penthouse is what you’ve been looking for. $799,000

Paragon condominium is considered to be one of the most elegant buildings on Hutchinson Island with only 2 Units per floor. The building is known to be as secure as it is elegant. $795,000

For More Information Call Thomas Langan, REALTOR® at 631-707-5431

For More Information Call Thomas Langan, REALTOR® at 631-707-5431

3920 N HIGHWAY A1A 904, HUTCHINSON ISL, FL 34949

4310 A1A 302, HUTCHINSON ISLAND, FL 34949

Southeast corner unit, totally renovated to excellence with two car garage.You will bask in the view from this three bedroom, two and a half bath condo with an office. $789,900

BAJA VERO!! Enjoy the Spectacular Ocean views from this 3rd floor, NE Corner 3 bedroom, 2 1/2 Bath Direct Oceanfront condo in Altamira located on North Hutchinson Island. $775,000

For More Information Call Thomas Langan, REALTOR® at 631-707-5431

For More Information Call Thomas Langan, REALTOR® at 631-707-5431

2001 MIMOSA AVENUE, FORT PIERCE, FL 34949

2805 S INDIAN RIVER S DRIVE, FORT PIERCE, FL 34982

Only steps to the ocean! Beautiful 5 bedrooms, 4 bath home with custom solar heated pool & large 2 car garage. Upgrades galore including travertine flooring, custom mosaic inlay. $774,900

Traditional charm on the river! Magnificent sweeping views! This home is located on almost 5 acres with 290’ of riverfront. This huge corner lot could have additional value to a new buyer. $749,000

For More Information Call Thomas Langan, REALTOR® at 631-707-5431

For More Information Call Thomas Langan, REALTOR® at 631-707-5431

4400 N HWY A1A 7S, HUTCHINSON ISLAND, FL 34949

4400 N HWY A1A 7S, HUTCHINSON ISLAND, FL 34949

Rare opportunity to purchase a desirable hard to find 3 bedroom corner unit in the Atrium II with unbelievable ocean views. Also included in the sale is a one car garage. $695,000

Luxurious oceanfront. Each unit in this building occupies ½ of each floor and the elevator opens directly into the unit. Open living with ocean views front the living room, dining room and kitchen.

For More Information Call Thomas Langan, REALTOR® at 631-707-5431

For More Information Call Thomas Langan, REALTOR® at 631-707-5431 7

WHERE EXCELLENCE LIVES

8

3681 SE SILVER COURT, STUART, FL 34997

4160 N A1A 503, HUTCHINSON ISLAND, FL 34949

Wonderful key west style home located on a professionally landscaped fenced lot. This is one of rocky points more desirable large lot properties. Screen enclosed pool. $668,500

Absolutely the best elevation for direct ocean and beach view. Condo looks like model, 3 bedrooms with office/den and 2.5 bathrooms, 2 garages (one under the building) and storage. $625,000

For More Information Call Thomas Langan, REALTOR速 at 631-707-5431

For More Information Call Thomas Langan, REALTOR速 at 631-707-5431

2400 S OCEAN DRIVE 4392, FORT PIERCE, FL 34949

3024 WINDWARD DRIVE 1206, FORT PIERCE, FL 34949

3/2/1 condo located in the Seascape in desirable Ocean Village.

Totally renovated condo has breath taking views of the ocean and Indian River. 24 Hour manned guard at gate. $599,900

Ocean views from 3 bedroom, 2 1/2 bath corner unit condo in Ocean Village. Kitchen upgrades include exotic granite countertops, center island and brand new stainless steel appliances. $599,000

For More Information Call Thomas Langan, REALTOR速 at 631-707-5431

For More Information Call Thomas Langan, REALTOR速 at 631-707-5431

902 JACKSON WAY, HUTCHINSON ISLAND, FL 34949

2014 WINDWARD DRIVE, FORT PIERCE, FL 34949

River views from family room in this 2 story 3 bedroom home close to Fort Pierce Inlet. On North Hutchinson Island across from Jack Island Preserve, near National Navy UDT-SEAL Museum. $569,900

Ocean front condo at Ocean Village on beautiful South Hutchinson Island! Gorgeous & huge (2128 SF) 3 bedroom, 2.5 bath & 1 car garage space plus a large storage bin. $569,000

For More Information Call Thomas Langan, REALTOR速 at 631-707-5431

For More Information Call Thomas Langan, REALTOR速 at 631-707-5431

2536 HARBOUR COVE DRIVE, FORT PIERCE, FL 34949

1002 WINDWARD DR 1002, HUTCHINSON ISL, FL 34949

North Hutchinson Island at Harbour Cove beautiful 3 bedroom 2.5 bath townhome & 2 car garage. Totally renovated end unit with many upgrades including stainless steel appliances. $559,000

Direct ocean access corner unit. Large and open spacious floor plan at approximately 2,000 Sq ft living. Private pool access. 3 bedroom 2 Bath with garage space parking and storage. $550,000

For More Information Call Thomas Langan, REALTOR速 at 631-707-5431

For More Information Call Thomas Langan, REALTOR速 at 631-707-5431 9

MARKET REPORT 2017 St. Lucie County Mainland Year End Real Estate

Robust Sales Continue Strong Pace in St. Lucie County Housing Market Sales in St Lucie County continue their strong pace, up 9% year over year. Listings remain even tighter with only a 90 day supply of inventory. With such a tight level of inventory, buyers are challenged and need to be prepared to move quickly. This is particularly true in the starter home market where inventory is under a two months supply. Prices for single family homes in the St Lucie County market grew by 9% in the under $250k segment. For homes in the mid-range, $250K-$1mil, while inventory has shrunk, prices have remained relatively stable.With decreasing inventory the prices in this midrange market should accelerate this year going up 4-6%.

The real excitement in the St Lucie County market is the growth in the luxury housing market, with homes selling in the $1mil + range. And with more high-end inventory being built that sales pace should continue.

Pricing a home correctly remains one of the determining factors on if your St Lucie County home will sell quickly. For More Information Call your favorite Coldwell Banker Paradise agent Thomas Langan, for your free home evaluation today. He can be reached at 631707-5431 or by email at thomas. langan@coldwellbanker.com. Tom is a top producer with Coldwell Banker Paradise at S. Hutchinson Island.

www.FLColdwellBanker.com 10

St. Lucie County Mainland

RECENTLY SOLD

Homes are selling fast!

Call to see how much your home is worth!

631.707.5431 11

Buying? Selling?

Renting? Investing?

Discover the Coldwell Banker Real Estate Difference

Trust the Company that dominates the Industry

Thomas Langan, REALTORÂŽ

Specializing in Hutchinson Island and St. Lucie County 631.707.5431 • thomas.langan@coldwellbanker.com