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<p>February 2017 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 22 -40.5% -31.3% from Jan 2017: 37 from Feb 2016: 32 YTD 2017 2016 +/- 59 70 -15.7% 5-year Feb average: 28 New Pendings 30 -6.3% 25.0% from Jan 2017: 32 from Feb 2016: 24 YTD 2017 2016 +/- 62 49 26.5% 5-year Feb average: 25 Closed Sales 18 -21.7% 12.5% from Jan 2017: 23 from Feb 2016: 16 YTD 2017 2016 +/- 42 29 44.8% 5-year Feb average: 17 Median Sold Price $372,500 -3.2% 6.9% from Jan 2017: $385,000 from Feb 2016: $348,475 YTD 2017 2016 +/- $387,500 $369,950 4.7% 5-year Feb average: $309,435 Summary In 33785, the median sold price for Condo/Co-op/TH properties for February was $372,500, representing a decrease of 3.2% compared to last month and an increase of 6.9% from Feb 2016. The average days on market for units sold in February was 74 days, 27% below the 5-year February average of 102 days. There was a 6.3% month over month decrease in new contract activity with 30 New Pendings; a 10.8% MoM increase in All Pendings (new contracts + contracts carried over from January) to 72; and a 9% decrease in supply to 111 active units. This activity resulted in a Contract Ratio of 0.65 pendings per active listing, up from 0.53 in January and an increase from 0.41 in February 2016. The Contract Ratio is 68% higher than the 5-year February average of 0.39. 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 111 Min 109 Max 134 5-year Feb average 111 119 Jan 2017 Feb 2016 122 123 Avg DOM 74 Min 62 Max 177 5-year Feb average 74 102 Jan 2017 Feb 2016 YTD 82 62 79 Avg Sold to OLP Ratio 94.0% Min 91.5% Max 96.6% 5-year Feb average 94.0% 93.5% Jan 2017 Feb 2016 YTD 94.7% 96.6% 94.5% Copyright © 2017 MarketStats by ShowingTime. All Rights Reserved. Data Source: MFRMLS. Statistics calculated March 08, 2017. </p>
