TM Local Expert Insights • Buyers are coming back (est. 50% investors) • While the inventory level is down from the peak, there is still a lot of supply and approximately 80-90% of listings are either bank-owned or short sale (3 to 1 ratio short sale) • Prices are still trending down, but at a slower rate of decline, and are likely near the bottom • Recommend zip code 34953 as it is a newer area with lots of foreclosure activity, great location between major highways • Rental market is stable. Active to pending is 30 days on average for a foreclosure, 60-90 days for a short sale • Expect future job growth from biotech firms relocating to the area Overview Port St. Lucie is equidistant from Miami (to the south) and Orlando (to the northwest). The city has transitioned from a residential community to one of Florida’s fastest growing and dynamic cities. Recreational opportunities are abundant in Port St. Lucie: The beach is only a short drive away, with water-related activities like fishing, canoeing, kayaking, surfing, sailing, as well as activities at many public parks. Port St. Lucie is home to the Professional Golf Association (PGA) Learning Center, the PGA Historical Center, and the PGA Golf Professional Hall of Fame. Sports fans in Port St. Lucie can also enjoy the Major League Baseball’s New York Mets Spring Training headquarters. July 2009 | www.SmartZip.com PORT ST. LUCIE, FL Key Investment Metrics Average SmartZip Score™ 70 Growth 61 Income Average Market Value: $118,986 $68 per Sq. Ft. 10-Year Proj. Appreciation: 46% Average Monthly Rent: $1,065 Average Cap Rate: 1.9% 10-Year Proj. Population Growth: 40% On the Map
SmartZip Port St Lucie Top 10 Real Estate Investment Market Report July 2009
Jun 20, 2015
SmartZip's Analysis and insights into Port St Lucie, FL as a fundamentally strong real estate market for investors and homebuyers, based on SmartZip's investment ratings and local insights
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TM
Local Expert Insights
• Buyers are coming back (est. 50% investors)
• While the inventory level is down from the peak, there is still a lot of supply and approximately 80-90% of listings are either bank-owned or short sale (3 to 1 ratio short sale)
• Prices are still trending down, but at a slower rate of decline, and are likely near the bottom
• Recommend zip code 34953 as it is a newer area with lots of foreclosure activity, great location between major highways
• Rental market is stable. Active to pending is 30 days on average for a foreclosure, 60-90 days for a short sale
• Expect future job growth from biotech firms relocating to the area
Overview
Port St. Lucie is equidistant from Miami (to the south) and Orlando (to the northwest). The city has transitioned from a residential community to one of Florida’s fastest growing and dynamic cities. Recreational opportunities are abundant in Port St. Lucie: The beach is only a short drive away, with water-related activities like fishing, canoeing, kayaking, surfing, sailing, as well as activities at many public parks.
Port St. Lucie is home to the Professional Golf Association (PGA) Learning Center, the PGA Historical Center, and the PGA Golf Professional Hall of Fame.
Sports fans in Port St. Lucie can also enjoy the Major League Baseball’s New York Mets Spring Training headquarters.
July 2009 | www.SmartZip.com
PORT ST. LUCIE, FL
Key Investment Metrics
Average SmartZip Score™ 70 Growth
61 Income
Average Market Value: $118,986
$68 per Sq. Ft.
10-Year Proj. Appreciation: 46%
Average Monthly Rent: $1,065
Average Cap Rate: 1.9%
10-Year Proj. Population Growth: 40%
On the Map
Port St. Lucie, FL Heat Maps
About the Top 10 Markets The SmartZip Top 10 Markets™ is a featured list of the top rated markets hand-picked by our panel of investment analysts. Candidates for the list are identified using our proprietary SmartZip Score™ ratings averaged across the Growth and Income investment strategies. Learn more at www.SmartZip.com
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