Fort Pierce Residential Market

Houses

Hutchinson Island

Total Sold (last 6 months): 26

Average sales price: $1,024,000

Average price per sq. ft.: $422

Days on the market average: 99

Percentage sold on asking price: 97%

Overall - Fort Pierce

Total Sold (last 6 months): 1,030

Average sales price: $362,000

Average price per sq. ft.: $213

Days on the market average: 64

Percentage sold on asking price: 94%

Condominiums

Hutchinson Island

Total Sold (last 6 months): 128

Average sales price: $354,000

Average price per sq. ft.: $260

Days on the market average: 127

Percentage sold on asking price: 86%

Overall - Fort Pierce

Total Sold (last 6 months): 253

Average sales price: $273,000

Average price per sq. ft.: $209

Days on the market average: 102

Percentage sold on asking price: 89%

About Markets:

Jupiter Commercial Market

(last 12 months)

RETAIL

Sold

Number of properties sold: 11

Sold - Average Price per sq. ft.: $522

Market Cap Rates: 6.3%

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Leased

Lease - Average Price per sq. ft.: $33

Average time on market: 3.7 months

32 leased properties

INDUSTRIAL

Sold

Number of properties sold: 8

Sold - Average Price per sq. ft.: $112

Market Cap Rates: N/A

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Leased

Lease - Average Price per sq. ft.: $15.5

Average time on market: 2 months

31 leased properties

OFFICE

Sold

Number of properties sold: 25

Sold - Average Price per sq. ft.: $355

Market Cap Rates: 6.5%

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Leased

Lease - Average Price per sq. ft.: $19

Average time on market: 5.8 months

26 leased properties

About Markets:

Sebastian-Vero Beach Commercial Market

(last 12 months)

RETAIL

Total market comprises approximately 9.3 million sq. ft. of retail inventory

Sold

Number of properties sold: 40

Sold - Average Price per sq. ft.: $209

Market Cap Rates: 6.9%

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Leased

Lease - Average Price per sq. ft.: $23

Rents have increased by 3.4% year over year

Vacancy Rate: 2.8% currently

INDUSTRIAL

Total market comprises approximately 5.9 million sq. ft. of industrial inventory

Sold

Number of properties sold: 20

Sold - Average Price per sq. ft.: $116

Market Cap Rates: 7.8%

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Leased

Lease - Average Price per sq. ft.: $13.70

Rents have increased by 4.3% year over year

Vacancy Rate: 4% currently

OFFICE

Total market comprises approximately 4.1 million sq. ft. of office inventory

Sold

Number of properties sold: 37

Sold - Average Price per sq. ft.: $179

Market Cap Rates: 9.5%

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Leased

Lease - Average Price per sq. ft.: $27

Rents have increased by 1.8% year over year

Vacancy Rate: 5% currently

Fort Pierce Commercial Market

(last 12 months)

RETAIL

Total market comprises approximately 9.3 million sq. ft. of retail inventory

Number of properties sold: 40

Sold

Sold - Average Price per sq. ft.: $209

Market Cap Rates: 6.9%

___________________________________________________

Leased

Lease - Average Price per sq. ft.: $23

Rents have increased by 3.4% year over year

Vacancy Rate: 2.8% currently

INDUSTRIAL

Total market comprises approximately 5.9 million sq. ft. of industrial inventory

Number of properties sold: 20

Sold

Sold - Average Price per sq. ft.: $116

Market Cap Rates: 7.8%

___________________________________________________

Leased

Lease - Average Price per sq. ft.: $13.70

Rents have increased by 4.3% year over year

Vacancy Rate: 4% currently

OFFICE

Total market comprises approximately 4.1 million sq. ft. of office inventory

Number of properties sold: 37

Sold

Sold - Average Price per sq. ft.: $179

Market Cap Rates: 9.5%

___________________________________________________

Leased

Lease - Average Price per sq. ft.: $27

Rents have increased by 1.8% year over year

Vacancy Rate: 5% currently

Lake Worth Commercial Market

(last 12 months)

RETAIL

Number of properties sold: 21

Sold

Sold - Average Price per sq. ft.: $405

Market Cap Rates: 6.3%

Average months on market: 8.1

Sale vs. Asking price: -7.2%

INDUSTRIAL

Number of properties sold: 13

Sold

Sold - Average Price per sq. ft.: $221

Market Cap Rates: 6.0%

Average months on market: 3.3

Sale vs. Asking price: N/A

OFFICE

Number of properties sold: 16

Sold

Sold - Average Price per sq. ft.: $363

Market Cap Rates: 5.6%

Average months on market: 6.9

Sale vs. Asking price: -4.7%

Perry Pavlina

Commercial & Residential

My passion for real estate has lasted for more than 3 decades since graduating from San Jose State University in California. Becoming a residential loan officer in 1992 was the beginning of a long career journey. After 5 years in lending, I spent the next 15 years working as an Asset Manager, Director of Operations and Senior Vice President at four established real estate organizations.

As a Realtor, I have two top priorities every day:

(1) Striving to be the best in my profession by daily continued learning and healthy mindset

(2) Helping my clients make their best decisions when buying or selling real estate

  • 33 year real estate career (diverse range of professional roles)

  • Purchased and sold over 200 properties

  • Read over 50 real estate publications/books

  • Completed over 250 real estate courses

  • Member of NAR & FAR (National & Florida Association of Realtors)

  • Strong advocate for property rights

  • Strong focus on helping my clients succeed and putting your best interests first

Whether you are a Residential or Commercial client, I offer you my platforms and expertise to help you succeed