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
My promise to you:
I will always put your interests above my own!
Contact me:
perrypav@gmail.com
313-236-6844 cellular
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