SmartZip Port St Lucie Top 10 Real Estate Investment Market Report July 2009

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    SmartZip Port St Lucie Top 10 Real Estate Investment Market Report July 2009 - Presentation Transcript

    1. TM July 2009 | www.SmartZip.com PORT ST. LUCIE, FL Overview Key Investment Metrics Port St. Lucie is equidistant from Miami (to Average SmartZip Score™ 70 Growth the south) and Orlando (to the northwest). 61 Income The city has transitioned from a residential Average Market Value: $118,986 community to one of Florida’s fastest growing and dynamic cities. Recreational $68 per Sq. Ft. opportunities are abundant in Port St. Lucie: 10-Year Proj. Appreciation: 46% The beach is only a short drive away, with Average Monthly Rent: $1,065 water-related activities like fishing, canoeing, Average Cap Rate: 1.9% kayaking, surfing, sailing, as well as activities at many public parks. 10-Year Proj. Population Growth: 40% Port St. Lucie is home to the Professional Golf Association (PGA) Learning Center, the PGA Historical Center, and the PGA Golf Local Expert Insights Professional Hall of Fame. • Buyers are coming back (est. 50% investors) Sports fans in Port St. Lucie can also enjoy • While the inventory level is down from the peak, there is the Major League Baseball’s New York Mets still a lot of supply and approximately 80-90% of listings Spring Training headquarters. are either bank-owned or short sale (3 to 1 ratio short sale) On the Map • 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
    2. Port St. Lucie, FL Heat Maps 10 Year Job Growth Safety Ratings Investment Market Comparison 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 www.SmartZip.com | ©2008-2009 SmartZip, Inc. All rights reserved.
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