"The facts, ma'am, nothing but the facts!"....Sgt Joe Friday, Dragnet

By
Real Estate Agent SL3270841

Whenever I get into conversations about real estate on Hutchinson Island, which is almost all of the time, I am invariably asked "what's happening with the market?"   I just happen to have a great market study resource in Realtors Property Resource.  Here is the latest market facts as of today for the Hutchinson Island 34949 zip code:

  34949 Fort Pierce St. Lucie County Florida
Median Estimated Home Value $226K $82.6K $116K $141K
Estimated Home Value 12-Month Change 16.4% 8.6% 12.8% 12.6%
Median List Price $249K $129K $128K $150K
List Price 1-Month Change 3.8% –0.7% 2% –3.2%
List Price 12-Month Change 8.3% 22.9% 18.1% 0%
Median Home Age 24 34 23 30
Own 77% 50% 75% 69%
Rent 23% 50% 25% 31%
Vacancy 8.76% 11.76% 9.1%
$ Value of all buildings for which permits were issued $32.6M $7.82B
% Change in permits for all buildings 5% 13%
% Change in $ value for all buildings 24% 15%

Please note the trends upwards in estimated home values (16.4%) and 12 month list price change (8.3%).  It appears that list prices have not kept up with home values.  In my opinion, good news for buyers!  Also, the vacancy rate is still at 8.76%.  More good news for buyers! 

And finally, if the median estimate of home values at $226K is a little out of your budget, later on in this report it shows that 80 homes sold for less than $160K last year.  Let me know when you want to check out the island in person.

If this is your first time to our blog, my name is Ken Theobald and my wife is Pam.  Pam and I have been entrepreneurs virtually all of our lives.  We started out in the advertising and marketing business which led to new product development.  The last business that we started and sold was Maine Grilling Woods.  Before that we introduced America to a myriad of unique products.  Everything from an insect repellant, shoe polish, Maine wild blueberries, predator urines, hunting lures and scents, and even giant baby wipes for the after sports market.

Now we find ourselves on Hutchinson Island in Florida and just lovin' it.  Hutchinson Island is one of those really unique places that once in a while you stumble across.  Although Hutchinson Island is over twenty miles long, you can walk from the Indian River to the Atlantic Ocean in just minutes.  Although the island is attached to Vero Beach, Fort Pierce, Port St Lucie, Jensen Beach, and Stuart, Florida by five causeways, it truly remains a community in itself.

Unique restaurants abound all over the island.  Fishing here is world renowned.  There are literally miles and miles of  beaches.  You may take a forty mile bike ride and never leave the island.  Tennis, anyone?  Every community within the community of Hutchinson Island has an active tennis group.  Bridge in the Colonnades, open to everyone, five days a week.  And the sunrise and sunset on the famous Jetty is breath taking.

Pam and I have been busy learning everything we can about our beautiful Hutchinson Island, Florida. We have been blessed with a great place to live, play, and to expand our entrepreneurial opportunities in real estate. We will be regularly updating our page with all of the experiences and news on the Island. In the meantime, if you have any questions about Florida's best kept secret, please let us know. We look forward to almost any excuse to go exploring for you.

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Topic:
Real Estate Market Trends
Location:
Florida St Lucie County Hutchinson Island The Colonnades
Tags:
market
foreclosures
beach
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hutchinson island
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real estate
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Rainer
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Kenneth Theobald
Hutchinson Island, FL
Your Keller Williams Realtor on Hutchinson Island

I am having difficulty getting this blog to post?

Sep 07, 2013 09:47 PM #1
Ambassador
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Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Division Specialist

You are getting there Ken, now just find one of these links you want to be known for and use it 3 times in each post.  EG: Hutchinson Island and it should like to your e EDGE Page. 

Sep 08, 2013 12:11 PM #2
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Hi Ken, you are getting the hang of it. Best of luck to you with your blogging.

Sep 08, 2013 12:36 PM #3
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Kenneth Theobald
Hutchinson Island, FL
Your Keller Williams Realtor on Hutchinson Island

Thank you, Kevin and Debbie for your encouragement.

 

All the best,

 

Ken

Sep 08, 2013 10:56 PM #4
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Kenneth Theobald

Your Keller Williams Realtor on Hutchinson Island
We will treat you like family....maybe better! Give us a try.
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