Inventory Tightening Causes Moderate Gains for Hutchinson Island Properties

The Hutchinson Island housing market showed steady gains in 2017, with average prices increasingly slightly for most property types and ranges. A tightening of inventory has tempered sales for single family homes and shows a healthy 11.2% increase for condos on the Island. The biggest increase in sales came were in the over $500k single family homes and condos which had respective increases of 26.4% and 60%.  With such gains in sales and with a continued lack of inventory, it is likely that you’ve regained significant equity.