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February 2020 33785 - Condo/Co-op/TH Presented by BARB ULRICH KELLER WILLIAMS GULFSIDE RLTY Email: barb@barbulrichrealty.com Work Phone: 727-251-1954 Mobile Phone: 727-251-1954 New Listings 28 -30.0% -17.6% from Jan 2020: 40 from Feb 2019: 34 YTD 2020 2019 +/- 68 80 -15.0% 5-year Feb average: 30 New Pendings 39 -4.9% 34.5% from Jan 2020: 41 from Feb 2019: 29 YTD 2020 2019 +/- 80 54 48.1% 5-year Feb average: 30 Closed Sales 26 44.4% 73.3% from Jan 2020: 18 from Feb 2019: 15 YTD 2020 2019 +/- 45 32 40.6% 5-year Feb average: 19 Median Sold Price $402,000 -23.8% -28.2% from Jan 2020: $527,500 from Feb 2019: $560,000 YTD 2020 2019 +/- $510,000 $407,500 25.2% 5-year Feb average: $437,095 Summary In 33785, the median sold price for Condo/Co-op/TH properties for February was $402,000, representing a decrease of 23.8% compared to last month and a decrease of 28.2% from Feb 2019. The average days on market for units sold in February was 56 days, 2% below the 5-year February average of 57 days. There was a 4.9% month over month decrease in new contract activity with 39 New Pendings; a 15.9% MoM increase in All Pendings (new contracts + contracts carried over from January) to 51; and a 12.8% decrease in supply to 68 active units. This activity resulted in a Contract Ratio of 0.75 pendings per active listing, up from 0.56 in January and an increase from 0.34 in February 2019. The Contract Ratio is 48% higher than the 5-year February average of 0.51. A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller's favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer's favor. Active Listings 68 Min 68 Max 123 5-year Feb average 68 101 Jan 2020 Feb 2019 78 111 Avg DOM 56 Min 42 Max 74 5-year Feb average 56 57 Jan 2020 Feb 2019 YTD 70 53 61 Avg Sold to OLP Ratio 95.2% Min 94.0% Max 96.6% 5-year Feb average 95.2% 95.7% Jan 2020 Feb 2019 YTD 95.0% 96.0% 95.1% Copyright © 2020 MarketStats by ShowingTime. All Rights Reserved. Data Source: Stellar MLS. Statistics calculated March 12, 2020.
