St Lucie EDDM - Feb 2018

St Lucie County

RECENTLY SOLD

www.FLColdwellBanker.com

SOLD $1,100,000

SOLD $683,000

SOLD $589,000

10072 S Ocean Drive

13549 S Indian River Drive

14857 S Indian River Drive

SOLD $443,000 810 NE Bayberry Lane

SOLD $399,000 13290 County Road 707

SOLD $425,000 3950 NE Skyline Drive

SOLD $362,000 362 SW Kestor Drive

SOLD $400,000 3316 S Indian River Drive

SOLD $360,000 4102 Rushmore Street

Homes selling fast!

Call to see how much your home is worth!

772-464-7007 SOLD $355,000

SOLD $350,000

2826 SE Italy Street

1998 SE Bolton Avenue

STUART OFFICE 2384 NW Federal Hwy Stuart, FL 34994 772-301-0600 FORT PIERCE OFFICE 411 US-1 Fort Pierce, FL 34950 772-461-3250

PORT ST LUCIE OFFICE 7202 US-1 Port St. Lucie, FL 34952 772-878-3200

www.FLColdwellBanker.com

MARKET REPORT

2017 St Lucie County Year End Real Estate Price Point

Year

Homes Sold

Current Listings

Month’s Supply

Average Price

Condos Sold

Current Listings

Month’s Supply

Average Price

Under

2017

4116

664

1.9

$180,765

417

90

2.6

$96,848

$250,000

2016

4357

840

2.3

$165,864

399

82

2.5

$89,663

-5.5%

-21.0%

-17.4%

+9.0%

+4.5%

+9.8%

+5.0%

+8.0%

1349

634

5.6

$305,263

3

4

16.0

$330,667

Change $250,001 to

2017

$500,000

2016

910

575

7.6

$305,989

1

4

48.0

$495,000

Change

+48.2%

+10.3%

-26.3%

0%

+200.0%

0.0%

-66.7%

-33.0%

2017

75

81

13.0

$628,639

2

2

12.0

$630,000

2016

49

99

24.2

$305,989

0

4

-

-

+53.1

-18.2%

-46.3%

+105%

-

-50.0%

-

-

$500,001 to $1,000,000

Change Over

2017

6

27

54.0

$1,393,167

0

3

-

-

$1,000,000

2016

3

22

88.0

$1,095,000

0

3

-

-

+100.0%

+22.7%

-38.6%

+27.0%

-

0.0%

-

-

2017

5546

1406

3.0

$218,416

422

99

2.8

$101,037

2016

5319

1536

3.5

$194,696

400

93

2.8

$90,676

+4.3%

-8.5%

-14.3%

+12.0%

+5.5%

+6.5%

+0.0%

+11.0%

Change Total

Change

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 mid-range 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 or Martin County home will sell quickly.

Call your favorite Coldwell Banker Paradise agent for your free home evaluation today. Or call our offices at 772-301-0600. With eleven offices covering 135 miles of Florida’s East Coast, Coldwell Banker Paradise is the largest full service real estate company in the area.