Fort Pierce Residential Market

Houses

Hutchinson Island

Total Sold (last 6 months): 22

Average sales price: $2,164,000

Note: average was skewed due to a $17 mill. sale

Average price per sq. ft.: $576

Days on the market average: 131

Percentage sold on asking price: 92%

Overall - Fort Pierce

Total Sold (last 6 months): 451

Average sales price: $346,000

Average price per sq. ft.: $206

Days on the market average: 69

Percentage sold on asking price: 96%

Condominiums

Hutchinson Island

Total Sold (last 6 months): 46

Average sales price: $329,000

Average price per sq. ft.: $250

Days on the market average: 152

Percentage sold on asking price: 84%

Overall - Fort Pierce

Total Sold (last 6 months): 91

Average sales price: $243,000

Average price per sq. ft.: $194

Days on the market average: 123

Percentage sold on asking price: 87%

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: 12

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: 30

Sold - Average Price per sq. ft.: $234

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: 45

Sold - Average Price per sq. ft.: $194

Market Cap Rates: 6.5%

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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: 22

Sold - Average Price per sq. ft.: $117

Market Cap Rates: 7.1%

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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: 41

Sold - Average Price per sq. ft.: $199

Market Cap Rates: 6.7%

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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
Number of properties sold: 28

Sold

Sold - Average Price per sq. ft.: $219

Market Cap Rates: 7.6%

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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
Number of properties sold: 33

Sold

Sold - Average Price per sq. ft.: $129

Market Cap Rates: 8.0%

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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
Number of properties sold: 18

Sold

Sold - Average Price per sq. ft.: $151

Market Cap Rates: N/A

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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

Lake Worth Commercial Market

(last 12 months)

RETAIL

Number of properties sold: 34

Sold

Sold - Average Price per sq. ft.: $366

Market Cap Rates: 6.7%

Average months on market: 9.5

Sale vs. Asking price: -6.9%

INDUSTRIAL

Number of properties sold: 10

Sold

Sold - Average Price per sq. ft.: $276

Market Cap Rates: 6.2%

Average months on market: 1.2

Sale vs. Asking price: -10%

OFFICE

Number of properties sold: 15

Sold

Sold - Average Price per sq. ft.: $368

Market Cap Rates: 6.1%

Average months on market: 4.9

Sale vs. Asking price: -5.9%

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 three 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