St. Lucie County County 2015 First Quarter Real Estate Market Report

2015 St. Lucie County First Quarter Real Estate

MARKET REPORT

8005 Indian River Drive Historic Home - Ft. Pierce Offered at $685,000

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

221 S. Ocean Drive 772.461.1324

100 Mainsail Drive 772.489.6100

7202 S. US 1 772.878.3200

N. HUTCHINSON 4007 N. A1A 772.464.7007

Coldwell Banker Paradise Reports Positive Housing Market Trends for 1st Quarter of 2015 in St. Lucie County Shrinking inventory, steady economic improvement and consumer confidence led to overall gains in the local housing market, reported Coldwell Banker Paradise, the trusted leader in local real estate from Jensen to Cocoa Beach in its just released 2015 1st Quarter market analysis available to its agents and their clients. “Just as 2014 was a transition year from recovery to stabilization, so has 2015 started out, steady but overall positive across the board, it is just the kind of steady and slow rate of growth we like to see,” stated Co-Owner and Broker Steven Schlitt.

For single family homes in St. Lucie County average prices continued to increase at a slow but steady rate, especially at the lower end of the price range.

For single family homes in St. Lucie County average prices continued to increase at a slow but steady rate, especially at the lower end of the price range. Housing inventory at the lower end of the price range continues to be tight, and in fact, dropped from a four month supply to a three and a half month supply while houses priced over $500k inventory is at a healthy level. For St. Lucie County condos there continues to be a deficit in inventory on the market, resulting in a higher percentage increase in the average price with only modest overall sales.

What’s my home worth in today’s market?

Coldwell Banker Paradise agents are experts in the local housing market and can help you assess your property. Call us today, at our Ft. Pierce office: 772-461-3250, at our S. Hutchinson Island office: 772-461-1324, at our N. Hutchinson Island office: 772-464-7007, at our Ocean Village office: 772-489-6100, or at our Port St. Lucie office: 772-878-3200. All discussions are strictly confidential. Serving all four counties on the Treasure and Space Coast (Brevard, Indian River, St. Lucie and Martin Counties) Coldwell Banker Paradise has nine offices and over 210 agents.

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

ST. LUCIE COUNTY MAINLAND SINGLE FAMILY HOMES FIRST QUARTER 2015 COMPARISON TO FIRST QUARTER 2014 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

2015

1,065

900

2.5

$135,724

2014

1,274

1,353

3.2

$121,048

Change

-16.4%

-33.5%

-20.4%

12.1%

2015

113

392

10.4

$315,471

2014

71

323

13.6

$323,954

Change

59.2%

21.4%

-23.7

-2.6%

2015

11

89

24.3

$670,768

2014

4

94

70.5

$764,125

Change

175%

-5.3%

-65.6%

-12.2%

2015

2

31

46.5

$1,460,000

2014

0

34

N/A

N/A

Change

200%

-8.8%

N/A

N/A

2015

1,191

1,412

3.6

$159,944

2014

1,349

1,804

4.0

$133,644

Change

-11.7%

-21.7%

-11.3%

19.7%

ST. LUCIE COUNTY MAINLAND CONDOS FIRST QUARTER 2015 COMPARISON TO FIRST QUARTER 2014 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

2015

101

116

3.4

$69,841

2014

84

138

4.9

$63,834

Change

20.2%

-15.9%

-30.1%

9.4%

2015

2

0

0

$357,750

2014

1

6

18

$410,000

Change

+100%

-600%

-1800%

-12.7%

2015

0

1

0

N/A

2014

0

0

0

N/A

Change

0%

100%

0%

N/A

2015

0

1

N/A

N/A

2014

0

0

N/A

N/A

Change

0%

100%

N/A

N/A

2015

103

118

3.4

$82,510

2014

85

144

5.1

$67,906

Change

+21.2%

-18.1

-32.4%

+21.5%

EXCLUSIVELY PRESENTING:

$724,900

$529,917

$465,000

2837 NE Sewall’s Landing Way

412 River Prado

3606 SW Perry Court

$299,900

$289,000

$254,900

425 SE Verada Avenue

4326 Winding Place

467 SW Rosewood Cove

SEWALL’S LANDING • JENSEN BEACH

RIVER PARK • PORT ST. LUCIE

RIVER PRADO • FORT PIERCE

WINDING CREEK • FORT PIERCE

RIVERSIDE HARBOUR • FORT PIERCE

HEATHERWOOD • ST. LUCIE WEST

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 $599,000

GLADES CUT OFF • PORT ST. LUCIE

19050 Glades Cut Off Road

Asking Price $275,000

DOWNTOWN • FT. PIERCE

PENDING

RIVERFRONT • FT. PIERCE

6807 Indian River Drive

SOLD IN 9 DAYS

SOLD for $247,000 Asking Price $269,900 SOLD for $245,000 Asking Price $199,000 WATERFRONT • PORT ST. LUCIE

518 2nd Street

C

SOLD for $625,000 Asking Price $369,900

721 SE Calmoso Drive

SOLD for $174,500

MARAVILLA HEIGHTS • FT. PIERCE

3211 Linda Vista Avenue

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