LOCAL MARKET INSIGHT 33785 Condo:TH Aug 2018

LOCAL MARKET INSIGHT 33785 Condo:TH Aug 2018, updated 10/6/18, 5:38 PM

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About Barb Dinda Ulrich

Pinellas Beaches Real Estate Expert for ​Keller Williams Gulfside Realty.

Barb has enjoyed the last 38 years living in our beautiful Gulf Beach communities. She spent her childhood in South Tampa. In her free time, Barb most enjoys spending time with her friends and family: daughter 21, and son, 19, relaxing at their Condo on Indian Rocks Beach or embracing art and culture in vibrant Downtown St. Pete. Barb truly loves people-  listening and learning about her clients goals and working to assure that she exceeds their expectations. It's really all about the client, and providing personalized, discretionary service. Almost 100% of Barb's clients are former buyers or sellers she represented or referrals from clients, friends, family.

Barb feels so fortunate to work in a business she enjoys so much. 

Mobile: (727) 251-1954
 

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August 2018
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
29
11.5%
31.8%
from Jul 2018:
26
from Aug 2017:
22
YTD
2018
2017
+/-
227
226
0.4%
5-year Aug average: 35
New Pendings
25
25.0%
-21.9%
from Jul 2018:
20
from Aug 2017:
32
YTD
2018
2017
+/-
220
243
-9.5%
5-year Aug average: 33
Closed Sales
21
-16.0%
-12.5%
from Jul 2018:
25
from Aug 2017:
24
YTD
2018
2017
+/-
194
227
-14.5%
5-year Aug average: 22
Median
Sold Price
$400,000
-7.0%
3.9%
from Jul 2018:
$430,000
from Aug 2017:
$385,000
YTD
2018
2017
+/-
$428,750 $450,000
-4.7%
5-year Aug average: $377,800
Summary
In 33785, the median sold price for Condo/Co-op/TH properties for
August was $400,000, representing a decrease of 7% compared to
last month and an increase of 3.9% from Aug 2017. The average
days on market for units sold in August was 75 days, 13% below the
5-year August average of 87 days. There was a 25% month over
month increase in new contract activity with 25 New Pendings; a 3.2%
MoM increase in All Pendings (new contracts + contracts carried over
from July) to 32; and a 2.6% increase in supply to 80 active units.
This activity resulted in a Contract Ratio of 0.40 pendings per active
listing, no change from July and no change from August 2017. The
Contract Ratio is 10% lower than the 5-year August average of 0.44.
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
80
Min
80
Max
125
5-year Aug average
80
97
Jul 2018
Aug 2017
78
96
Avg DOM
75
Min
74
Max
116
5-year Aug average
75
87
Jul 2018
Aug 2017
YTD
79
85
81
Avg Sold to
OLP Ratio
92.4%
Min
92.4%
Max
95.6%
5-year Aug average
92.4%
94.0%
Jul 2018
Aug 2017
YTD
94.2%
95.6%
95.7%
Copyright 2018 MarketStats by ShowingTime. All Rights Reserved.
Data Source: MFRMLS. Statistics calculated September 10, 2018.