Slc flipbook 2nd qtr

2016 St Lucie County Mid-Year Real Estate

MA RK ET R EPO RT 7202 S US 1 Port St Lucie, FL 34952

772-878-3200

411 N US 1 Fort Pierce, FL 34950

221 S Ocean Drive Fort Pierce, FL 34949

772-461-3250

772-461-1324

St Lucie County

Mid-Year Comparison 2016 to 2015 Tightening Inventory Leading to Slight Dip in Sales, Prices Slowly Rising Healthy price increases across the spectrum are being

 2,637

driven by inventory that is continuing to tighten. The healthiest growth market in sales and inventory is at the mid-level of the market, with homes prices $250k to $500k,

-0.9% Homes Sold

with new home construction driving increases in both sales and prices. Investment properties continue to be attractive but are becoming increasingly harder to locate. Working with a savvy realtor is how to best navigate this tight market.

Average Price +14.4% Price Point Under $250,000

$250,001 to $500,000

$500,001 to $1,000,000

Over $1,000,000

Total

Year

$189K

SINGLE FAMILY HOMES Condos Sold

Current Listings

Month’s Supply

Average Price

2016

2172

682

1.9

$161,774

2015

2359

780

2.5

$141,459

Change

-7.9%

-12.6%

-24.6%

+14.4%

2016

440

398

5.4

$304,951

2015

269

400

10.4

$312,006

Change

+63.6%

-0.5%

-47.8%

-2.3%

2016

25

57

13.7

$620,400

2015

30

82

24.3

$653,544

Change

-16.7%

-30.5%

-43.7

-5.1%

2016

0

16

0.0

$0

2015

4

27

46.5

$1,235,625

Change

-100.0%

-40.7%

NA

-100.0%

2016

2637

1153

2.6

$189,999

2015

2662

1289

3.6

$166,108

Change

-0.9%

-10.6%

-27.1%

+14.4%

Your Housing Forecast!

Increased Sales and Decreased Inventory will Continue to Drive Prices Up

FOR SELLERS:

Bright and HOT!!

Your home could be the one that buyers are waiting for! Let’s work together while the market is Extra HOT!

Inventory is tightening for St Lucie County condos with a -30.7% decrease in month’s supply. Overall sales

FOR BUYERS & INVESTORS:

increased slightly with a 1.9% increase.

Partly stormy at times because inventory is decreasing. It takes an experienced and savvy realtor to navigate! Let us be your GUIDE!

Overall average price increased a healthy 21.7% and is likely to continue to as inventory tightens. This market is

CALL US TO SEE HOW MUCH YOUR HOUSE IS WORTH IN THIS TIGHT MARKET!

good news for both sellers and buyers as it continues to stay competitive.

772-461-3250/878-3200

Price Point Under $250,000

$250,001 to $500,000

$500,001 to $1,000,000

Over $1,000,000

Total

CONDOS

Year

Condos Sold

2016

213

2015

Current Listings

Month’s Supply

Average Price

78

2.2

$87,990

208

119

3.4

$71,018

Change

+2.4%

-34.5%

-35.4%

+23.9%

2016

1

3

0.0

$450,000

2015

2

0

0.0

$347,750

Change

-50.0%

NA

NA

+29.4%

2016

0

3

0

$0

2015

0

1

0

$0

Change

0%

+100%

0%

0%

2016

0

0

0

$0

2015

0

4

0

$0

Change

0%

+100%

0%

0%

2016

214

84

2.4

$89,682

2015

210

124

3.4

$73,721

Change

+1.9%

-32.3%

-30.7%

+21.7%

R E C E N T LY S O L D S T L U C I E P R O P E R T I E S :

$583,000

8005 S Indian River Drive

$350,000

158 SW Hawthorne Circle

$269,000

4000 SW Forge Lane

E X C L U S I V E LY P R E S E N T I N G :

$265,000

5262 Slash Pine Trail

$160,000

4573 SW Rachel Street

$255,000

1206 S 10th Street

A B O U T C O L DW E L L B A N K E R PA R A D I S E : Voted BEST Indian River County brokerage by the readers of Treasure Coast Newspapers,Coldwell Banker Paradise is the oldest and largest, full service real estate company on the Space and Treasure Coast. Originally established by Ed and Marguerite Schlitt over 63 years ago in Vero Beach, the company is now owned by sister and brother team Linda Schlitt Gonzalez and Steven Schlitt. We are proud to boast that we have over 270 savvy real estate agents and 48 full time staff, including an exceptional fully staffed marketing department.We represent luxury, residential and commercial properties, along with having a property management division in each of our ten offices.

C O L D W E L L

B A N K E R

P A R A D I S E

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