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December 2019 33785 - SFH/Villa Presented by BARB ULRICH KELLER WILLIAMS GULFSIDE RLTY Email: barb@barbulrichrealty.com Work Phone: 727-251-1954 Mobile Phone: 727-251-1954 New Listings 3 0.0% -62.5% from Nov 2019: 3 from Dec 2018: 8 YTD 2019 2018 +/- 90 97 -7.2% 5-year Dec average: 9 New Pendings 3 -40.0% 0.0% from Nov 2019: 5 from Dec 2018: 3 YTD 2019 2018 +/- 94 78 20.5% 5-year Dec average: 5 Closed Sales 5 -16.7% 150.0% from Nov 2019: 6 from Dec 2018: 2 YTD 2019 2018 +/- 79 69 14.5% 5-year Dec average: 4 Median Sold Price $652,000 18.5% -56.8% from Nov 2019: $550,000 from Dec 2018: $1,510,000 YTD 2019 2018 +/- $592,500 $635,000 -6.7% 5-year Dec average: $711,580 Summary In 33785, the median sold price for SFH/Villa properties for December was $652,000, representing an increase of 18.5% compared to last month and a decrease of 56.8% from Dec 2018. The average days on market for units sold in December was 15 days, 83% below the 5- year December average of 88 days. There was a 40% month over month decrease in new contract activity with 3 New Pendings; a 50% MoM decrease in All Pendings (new contracts + contracts carried over from November) to 3; and a 17.6% decrease in supply to 14 active units. This activity resulted in a Contract Ratio of 0.21 pendings per active listing, down from 0.35 in November and an increase from 0.11 in December 2018. The Contract Ratio is 21% lower than the 5-year December average of 0.26. 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 14 Min 14 Max 38 5-year Dec average 14 30 Nov 2019 Dec 2018 17 38 Avg DOM 15 Min 15 Max 176 5-year Dec average 15 88 Nov 2019 Dec 2018 YTD 36 98 69 Avg Sold to OLP Ratio 93.6% Min 84.8% Max 93.6% 5-year Dec average 93.6% 90.2% Nov 2019 Dec 2018 YTD 96.0% 84.8% 93.0% Copyright © 2020 MarketStats by ShowingTime. All Rights Reserved. Data Source: Stellar MLS. Statistics calculated January 08, 2020.
