Illustrated Properties Luxury Report

HUTCHINSON ISLAND OCEANFRONT | SECLUSION | DINING

Located off the coast of Martin and St. Lucie counties, Hutchinson Island is a barrier island bordered by the Atlantic Ocean on the east and the Indian River on the west. Hutchinson Island is home to the Elliot Museum, the historic House of Refuge, and the Florida Oceanographic Society. Here you will find miles of beautiful, sandy beaches to enjoy, with free public access on this down-to- earth island that offers cultural events and activities for the whole family. Hotels, vacation rentals, fine restaurants – Hutchinson Island has it all. The island also is a great place to enjoy Florida wildlife at its finest. A true jewel, Hutchinson Island is a wonderful place to fish, play golf or just stare at the enchanting Atlantic.

Single Family Homes

% CHANGE (1 YEAR)

% CHANGE (1 QUARTER)

SINGLE FAMILY HOMES

2023 Q3

2024 Q2

2024 Q3

Number of Sales

5

8

5

▲0.0%

▼37.5%

Average Sales Price

$1,048,800

$4,563,750

$1,235,800

▲17.8%

▼72.9%

Median Sales Price

$1,052,000

$2,620,000

$1,229,000

▲16.8%

▼53.1%

Average Square Footage

2,612

4,360

2,540

▼2.8%

▼41.7%

Price Per Square Foot

$403

$893

$490

▲21.7%

▼45.2%

Average Days on Market

89

127

116

▲30.6%

▼8.3%

Sales Sold at Original List Price

1

1

0

▼100.0%

▼100.0%

Top Sale Price

$1,090,000

$9,200,000

$1,400,000

▲28.4%

▼84.8%

Total Sale Volume

$5,244,000

$36,510,000

$6,179,000

▲17.8%

▼83.1%

Condos & Townhomes

% CHANGE (1 YEAR)

% CHANGE (1 QUARTER)

CONDOS/TOWNHOMES

2023 Q3

2024 Q2

2024 Q3

3

Number of Sales

4

7

▼25.0%

▼57.1%

$1,366,667 $1,350,000

Average Sales Price

$1,057,500

$1,270,000

▲29.2%

▲7.6%

Median Sales Price

$1,070,000

$1,250,000

▲26.2%

▲8.0%

2,923 $468

Average Square Footage

2,267

2,512

▲28.9%

▲16.4%

Price Per Square Foot

$470

$473

▼0.4%

▼1.1%

35

Average Days on Market

91

145

▼61.1%

▼75.7%

0

Sales Sold at Original List Price

2

0

▼100.0%

-

$1,400,000 $4,100,000

Top Sale Price

$1,090,000

$1,665,000

▲28.4%

▼15.9%

Total Sale Volume

$4,230,000

$8,890,000

▼3.1%

▼53.9%

Top Residential Sale $1.4M 4400 N HIGHWAY A1A, HUTCHINSON ISLAND, FL 34949

LUXURY REPORT

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