2017 Hutchinson Island Year End Real Estate Market Report
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.