2018 Mid-Year Market Report_ Linda Nelson

2018 MID-YEAR

St. Lucie County

Market Report

Linda Nelson, REALTOR® 772-971-7147 LindaNel2001@yahoo.com

Hutchinson Island Mid-Year Market Report

RECENTLY SOLD

SOLD $715,000

4160 N A1A #1306

SOLD $433,000

1562 Island Cove Road

SOLD $375,000

11390 Bayshore Drive

SOLD $335,000

2416 Atlantic Beach Blvd

SOLD $515,000

3024 Windward Drive #1206

SOLD $380,000

1920 Rio Vista Drive

SOLD $360,000

2416 Harbour Cove Drive

SOLD $325,000

30 Harbour Drive West

www.FLColdwellBanker.com

SOLD $475,000

1016 Windward Drive

SOLD $375,000

1390 Bayshore Drive

SOLD $360,000

2400 S Ocean Drive #8153

2018 Hutchinson Island Mid-Year

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

5

4

4.8

$183,820

89

65

4.4

$190,328

$250,000

2017

7

0

0.0

$221,429

100

58

3.5

$187,382

Change

-28.6%

N/A

N/A

-17%

-11%

+12.1%

+25.9%

+2%

$250,001 to

2018

25

13

3.1

$338,920

72

97

8.1

$328,092

$500,000

2017

24

15

3.8

$364,497

65

73

6.7

$318,680

Change

+4.25%

-13.3%

-16.8%

-7%

10.8%

32.9%

20.0%

3%

$500,001 to

2018

9

12

8

$633,000

15

39

15.6

$701,600

$1,000,000

2017

10

25

15

$704,020

6

22

22.0

$606,917

Change

-10%

-52%

-46.7%

-10%

150.0%

77.3%

-29.1%

16%

Over

2018

6

7

7.0

$2,128,667

0

1

N/A

-

$1,000,000

2017

3

11

22.0

$1,876,667

0

3

N/A

-

Change

100.0%

-36.4%

-68.2%

13%

N/A

-66.7%

N/A

N/A

2018

45

36

4.8

$619,135.60

176

202

6.9

$290,260.32

2017

44

51

7.0

$522,003

171

156

5.5

$252,011.12

Change

+2.3%

-29.4%

-31.0%

+19%

+2.9%

+29.5%

+25.8%

+15%

Total

The luxury home market was the big story in real estate in the first half of 2018 in Hutchinson Island. The Hutchinson Island market is dominated by condominiums, and that market remains strong. The average price of condominiums rose by 15%. The key driver of this increase was in luxury units over $500,000, which saw a 150% increase in sales.

Condominiums below $500,000 rose a moderate 3% in average price.

The single family sales below $1 million were also sluggish.

Average prices in each market segment declined by a value driven buyer looking for a good deal. However, increasing

sales in the over $1 million market pushed up the overall average sale price.

This is not a market as driven by interest rates, but is value driven. Price increases will continue, but at a modest pace. With new construction growing the luxury inventory on the island, expect this to continue to be the exciting news on Hutchinsion Island.

If you would like to find the right price for your home in today’s changing market, contact Linda Nelson, Realtor at 772-971-7147. I am your waterfront, luxury expert serving Hutchinson Island, Ocean Village and the St. Lucie County mainland area.

eacosta25 “Linda was extremely knowledgeable and her customer service was exceptional. The best realtor I have had. I am from outside the Hutchinson Island area and Linda took care of every detail, including ensuring the electric service was uninterrupted once I closed. The consummate professional!”

St Lucie County Mainland Market Report

RECENTLY SOLD

SOLD $1,250,000

2507 S Indian River Drive

SOLD $423,000 718 Boston Ave

SOLD $375,000

SOLD $675,000

2501 S Indian River Drive

SOLD $400,000

20 Orange Ave., PH 1

SOLD $335,000

11390 Bayshore Drive

2416 Atlantic Beach Blvd

SOLD $327,000

SOLD $290,000

2472 Elston Street

1606 Francis Ave

www.FLColdwellBanker.com

SOLD $475,000 1010 S 9th Street

SOLD $400,000

10301 S Indian River Drive

SOLD $330,000

2450 SE Grand Drive

2018 St Lucie County Mid-Year

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

1883

518

1.7

$186,708

203

81

2.4

$109,680

$250,000

2017

2150

640

1.8

$177,920

199

78

2.4

$93,561

Change

-12.4%

-19.1%

-7.6%

+5%

+2%

+3.8%

+1.8%

+17%

$250,001 to

2018

800

652

4.9

$309,867

3

1

2.0

$360,000

$500,000

2017

645

648

6.0

$306,753

3

3

6.0

$330,667

Change

+24%

+0.6%

-18.9%

+1%

0.0%

-66.7%

-66.7%

+9%

2018

44

91

12.4

$610,917

0

2

N/A

-

2017

44

98

13.4

$649,705

0

2

N/A

-

0.0%

-7.1%

-7.1%

-6%

N/A

0%

N/A

N/A

7

15

1.9

$1,541,429

0

2

N/A

-

$500,001 to $1,000,000

Change Over

2018

$1,000,000

2017

4

26

3.9

$1,607,500

0

3

N/A

-

+75%

-42.3%

-67%

-4%

N/A

-33.3%

N/A

N/A

2018

2734

1276

2.8

$233,041.37

206

86

2.5

$113,325.44

2017

2843

1412

3.0

$216,461.73

202

86

2.6

$97,082.38

-3.8%

-9.6%

-6%

+8%

+2%

0%

-1.9%

+17%

Change Total

Change

The St. Lucie housing market has experienced 8% price growth. The price increases were in the market under $500,000. Prices in the over $500,000 market is a small percentage of the market but prices and number of sales in that market declined.

Inventory declined by just under 10% and the number of homes sold declined by 3.8% mostly due to lack of availability of affordable homes in the lower price range.

The condominium market is stable in the number of sales and inventory. It experienced 17% price escalation as buyers have moved to condominiums from single family

homes to find something just over and under $100,000.

Now is a good time to sell! Prices have escalated over the last several years and rising interest rates and the anticipation of further increases may cause inventories to rise and provide tough competition for sellers.

If you would like to find the right price for your home in today’s changing market, contact Linda Nelson, Realtor at 772-9717147. I am your waterfront, luxury expert serving Hutchinson Island, Ocean Village and the St. Lucie County mainland area.

joe55496 “Linda Nelson is absolutely the best Real Estate Professional we know! We bought and we sold with her. What a great experience! We can highly recomend her service and would never ask anybody else to help us.”

EXPERTISE & QUALIFICATIONS I have been in real estate basically most of my life and I am a top producer with Coldwell Banker Paradise Hoyt Murphy Realtors every year. I would like to be the first one to welcome you to “Paradise” and Florida’s best kept secret called the “Treasure Coast,”

EXPERTISE beautiful Hutchinson Island.

EXPERTISE SPECIALTIES: BUYER’S AGENT, LISTING AGENT, RELOCATIONS

SPECIALTIES: Being a top producer and the highest sales agent within Coldwell Banker Paradise for a number of years, means that I sell a lot of properties and I have a proven track record. ) This year I qualified to join the company’s 2017 International President’s Circle. This prestigious membership has been awarded to the top six percent of all sales associates worldwide in the Coldwell Banker® system.

I work diligently to ensure that every buyer and seller receive superior service and satisfied results. I feel that honesty and professional representation is most important in any real estate transaction. I am a specialist that has the tools, knowledge and experience to best serve your real estate needs.

I am a member of the Realtor’s Association of St. Lucie County, the Florida Association of Realtors, National Association of Realtors, Beaches Multiple Listing Services (BMLS), the National Notary Association and a graduate of the St Lucie County Property Appraiser Institute (PAI). To better serve my clients, my designations are A Luxury Home Specialist (ALHS),A Buyer’s Representative (ABR), a Seller Representative Specialist (SRS) and a Senior Real Estate Specialist (SRES). I have been awarded the Diamond Award with Coldwell Banker as top producer. Please allow me the opportunity to put my knowledge and experience to work for you!

Looking for your “Florida Dream Home?” Look no further!

Call Linda Nelson at 772-971-7147 to see one of these Prime Properties

Hutchinson Island Waterfront Properties

8053 S. Indian River Drive, Ft. Pierce 6 Bedrooms, 5 full bath, 1 half bath, 5,766 sf 5 Car Garage - Offered at $2,600,000 RX-10355711

101 S. Colorado Avenue, Stuart 2 Bedrooms, 1 full bath, 2 car garage, 1,183 sf Old Florida Charm - Offered at $1,250,000 RX-10390942

2021 S. Indian River Drive, Ft. Pierce 3 Bedrooms, 2 full baths, 1 half bath 3 Garage spaces - Offered at $890,000 RX-10316587

2805 S. Indian River Drive, Ft. Pierce 4 Bedrooms, 3 full baths, 1 half bath, 2 car gar Magnificent views! Offered at $699,900 RX-10375099

2001 Mimosa Avenue, Ft. Pierce 5 Bedrooms, 4 full baths, 2 car garage, 3,878 sf Surfside - Offered at $699,000 RX-10389534

1101 Granada St, S. Hutchinson Island 5 Bedrooms, 3 full baths, 2,460 sq ft Tropical Island Retreat - Offered at $699,000 RX-103983395

3317 Caracal Dr., Hutchinson Island 3 Bedrooms, 3 full baths, 2,105 sq ft Riverpointe at the Sands - Offered at $489,900 RX-10429592

2536 Harbour Cove Drive, Hutchinson Isl 3 Bedrooms, 2 full baths, 2,035 sq ft Coral Cove Beach - Offered at $510,000 RX-10384804

2400 S. Ocean Drive 8121, Ocean Village 2 Bedrooms, 2 full baths, Direct Ocean Views Seascape II - Offered at $495,000 RX-10438068

Thumb Point Drive, Hutchinson Island Waterfront deep water lot on the Intracoastal Build Your Dream Home - Offered at $399,900 RX-10434159

2400 S. Ocean Drive 4163, Ocean Village 2 Bedrooms, 2 full baths, 1 car gar, Ocean Views Seascape I - Offered at $319,000 RX-10442509

355 S. Ocean Drive 104, S. Hutchinson Isl. 2 Bedrooms, 2.5 full baths, Adorable townhome Avalon Beach Club - Offered at $269,000 RX-10415059