<p>August 2016
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
56
75.0%
19.1%
from Jul 2016:
32
from Aug 2015:
47
YTD
2016
2015
+/-
287
244
17.6%
5-year Aug average: 36
New Pendings
37
23.3%
-9.8%
from Jul 2016:
30
from Aug 2015:
41
YTD
2016
2015
+/-
235
246
-4.5%
5-year Aug average: 30
Closed Sales
27
3.8%
42.1%
from Jul 2016:
26
from Aug 2015:
19
YTD
2016
2015
+/-
175
197
-11.2%
5-year Aug average: 24
Median
Sold Price
$380,000
-7.3%
-4.8%
from Jul 2016:
$410,000
from Aug 2015:
$399,000
YTD
2016
2015
+/-
$370,000 $310,000 19.4%
5-year Aug average: $338,600
Summary
In 33785, the median sold price for Condo/Co-op/TH properties for
August was $380,000, representing a decrease of 7.3% compared to
last month and a decrease of 4.8% from Aug 2015. The average days
on market for units sold in August was 83 days, 29% below the 5-year
August average of 117 days. There was a 23.3% month over month
increase in new contract activity with 37 New Pendings; a 7.9% MoM
increase in All Pendings (new contracts + contracts carried over from
July) to 68; and an 8.7% increase in supply to 125 active units.
This activity resulted in a Contract Ratio of 0.54 pendings per active
listing, down from 0.55 in July and an increase from 0.48 in August
2015. The Contract Ratio is 32% higher than the 5-year August
average of 0.41. 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
125
Min
91
Max
125
5-year Aug average
125
106
Jul 2016
Aug 2015
115
91
Avg DOM
83
Min
74
Max
177
5-year Aug average
83
117
Jul 2016
Aug 2015
YTD
103
74
87
Avg Sold to
OLP Ratio
94.8%
Min
91.5%
Max
94.8%
5-year Aug average
94.8%
93.5%
Jul 2016
Aug 2015
YTD
96.1%
93.3%
94.