2014 Hutchinson Island 3rd Quarter Market Report

2014 Hutchinson Island Third Quarter Real Estate

MARKET REPORT

Oceanfront Condominiums North Hutchinson Island Many to choose from! $769,777 - $210,000

FT. PIERCE S. HUTCHINSON OCEAN VILLAGE PORT ST. LUCIE N. HUTCHINSON 411 N. US 1 772.461.3250

221 S. Ocean Drive 772.461.1324

100 Mainsail 772.489-6100

7202 S. US 1 772.878.3200

4007 N. Hwy. A1A 772.464.7007

2014 Hutchinson Island Third Quarter Real Estate Report As trusted real estate advisors in our area, we are pleased to present our Third Quarter Real Estate Report.

We have identified key indicators that impact home values and use this information to forecast local market trends that help our clients make informed decisions about buying and selling real estate.

Single Family Homes - Overall sales on the island increased significantly during the third quarter, while listing inventory dropped sharply. Despite improving market conditions, the average price of homes sold declined.

Single family data indicates that sales activity will be strong during the upcoming season, but it will be important for sellers to be realistic about values.

Condominiums – Condominium sales on the island were unchanged despite an increase in the number of properties listed for sale. Prices did not increase, Condominium values are holding in spite of increased inventory, but a substantial rise in price is not expected in the near future. This is a perfect opportunity for buyers to make their purchase.

Call us today about your home’s value. Contact us directly at our Ft. Pierce office 772-461-3250, our South Hutchinson Office 772-464-1324, our Ocean Village Office 772-489-6100, our Port St. Lucie office 772-8783200 or our North Hutchinson office 772-464-7007.

If you would like to continue getting our quarterly updates, just let us know. Email us at Schlitt@ColdwellBanker.com. We will make sure that a copy is delivered to you quarterly.

All the best, Linda Schlitt Gonzalez and Steven Schlitt, Owners

HUTCHINSON ISLAND SINGLE FAMILY HOMES THIRD QUARTER 2014 COMPARISON TO THIRD QUARTER 2013 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

2014

35

12

3.1

$174,320

2013

30

14

4.2

$164,291

Change

+17%

-14%

-26%

+6%

2014

33

28

7.6

$364,599

2013

25

32

11.5

$341,016

Change

+32%

-13%

-34%

+7%

2014

10

10

9

$600,450

2013

8

19

21.4

$626,844

Change

+25%

-47%

-58%

-4%

2014

1

10

90

$1,050,000

2013

2

9

40.5

$2,863,908

Change

-50%

+11%

+122%

-63%

2014

79

60

6.8

$307,868

2013

65

74

10.2

$372,257

Change

+22%

-19%

-34%

-17%

HUTCHINSON ISLAND CONDOS THIRD QUARTER 2014 COMPARISON TO THIRD QUARTER 2013 Price Point Under $250,000

$250,000 to $500,000

$500,001 to $1,000,000

Over $1,000,000

Total

Year

Condos Sold

Current Listings

Month’s Supply

Average Price

2014

298

153

4.6

$167,112

2013

292

159

4.9

$166,855

Change

+2%

-4%

-6%

0%

2014

96

152

14.3

$333,741

2013

109

95

7.8

$327,609

Change

-12%

+60%

+83%

+2%

2014

29

25

7.8

$610,338

2013

25

35

12.6

$573,476

Change

+16%

-29%

-38%

+6%

2014

1

3

27

$1,100,000

2013

0

0

0

0

Change

0%

0%

0%

0%

2014

424

333

7.1

$235,501

2013

426

289

6.1

$231,624

Change

0%

+15%

+16%

+2%

EXCLUSIVELY PRESENTING:

$1,300,000

$679,000

$564,800

2316 Tamarind Dr.

2400 S. Ocean Drive

118 Queen Christina Court

$569,000

$499,000

$269,900

3920 A1A #601

1901 Surfside Drive

2 Harbour Isle Drive

OCEANFRONT • N. HUTCHINSON ISLAND

OCEAN PEARL • N. HUTCHINSON ISLAND

OCEAN VILLAGE • S. HUTCHINSON ISLAND

MEDITERRANEAN • S. HUTCHINSON ISLAND

QUEENS COVE • N. HUTCHINSON ISLAND

HARBOUR ISLE • S. HUTCHINSON ISLAND

WE INVITE YOU TO VIEW OUR ENTIRE COLLECTION AT: FLColdwellBanker.com

PRSRT SSTD ECRWSS U.S. POSTAGE PAID EDDMRETAIL

A SELECTION OF RECENT SOLDS:

Asking Price $625,000

GRAND ISLE • N. HUTCHINSON ISLAND

SOLD for $567,500 Asking Price $479,000

3702 A1A #901

Asking Price $449,000

3000 N. Highway A1A Unit 3-B

C

SOLD for $479,000

2400 S. Ocean Drive

SOLD for $420,000 Asking Price $375,000

ATRIUM II • N. HUTCHINSON ISLAND

SEASCAPE II • S. HUTCHINSON ISLAND

SOLD for $350,000

S. HUTCHINSON ISLAND • FT. PIERCE

1110 Fernandina St.

Asking Price $339,000

SOLD for $310,000

ISLAND RETREAT • N. HUTCHINSON ISLAND

5051 N. A1A #12-6

oldwell Banker Paradise is the largest real estate brokerage firm in the area, with 9 offices serving St. Lucie, Indian River and Brevard Counties. We are commited to providing the highest level of real estate services to our clients.

For over 60 years our family-owned and operated company has assembled a highly trained and professional sales organization. We have specialists in residential and commercial sales, leasing services for both, as well as a property management division.

Whether you are considering buying, selling, leasing or professional management of your property, give us a call. We are open 7 days a week for your convenience.

FT. PIERCE 772.461.3250

S. HUTCHINSON 772.461.1324

OCEAN VILLAGE 772.489-6100

PORT ST. LUCIE 772.878.3200

N. HUTCHINSON 772.464.7007