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 MarketSt