Local Market Insight 33785 Condo/TH Sept 2018

Local Market Insight 33785 Condo/TH Sept 2018, updated 11/2/18, 7:20 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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September 2018
MFRMLS - 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
3,128
-4.8%
39.1%
from Aug 2018:
3,284
from Sep 2017:
2,249
YTD
2018
2017
+/-
31,102
29,878
4.1%
5-year Sep average: 2,831
New Pendings
2,938
-10.5%
30.6%
from Aug 2018:
3,283
from Sep 2017:
2,250
YTD
2018
2017
+/-
31,789
30,775
3.3%
5-year Sep average: 2,744
Closed Sales
2,420
-17.2%
6.9%
from Aug 2018:
2,923
from Sep 2017:
2,263
YTD
2018
2017
+/-
25,657
24,691
3.9%
5-year Sep average: 2,355
Median
Sold Price
$166,500
0.9%
7.4%
from Aug 2018:
$165,000
from Sep 2017:
$155,000
YTD
2018
2017
+/-
$167,000 $152,000 9.9%
5-year Sep average: $140,226
Summary
In MFRMLS, the median sold price for Condo/Co-op/TH properties for
September was $166,500, representing an increase of 0.9%
compared to last month and an increase of 7.4% from Sep 2017. The
average days on market for units sold in September was 54 days,
21% below the 5-year September average of 69 days. There was a
10.5% month over month decrease in new contract activity with 2,938
New Pendings; a 1% MoM decrease in All Pendings (new contracts +
contracts carried over from August) to 3,901; and a 3.5% increase in
supply to 7,726 active units.
This activity resulted in a Contract Ratio of 0.50 pendings per active
listing, down from 0.53 in August and an increase from 0.48 in
September 2017. The Contract Ratio is 6% higher than the 5-year
September average of 0.47. 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
7,726
Min
7,713
Max
9,793
5-year Sep average
7,726
8,535
Aug 2018
Sep 2017
7,468
7,713
Avg DOM
54
Min
54
Max
81
5-year Sep average
54
69
Aug 2018
Sep 2017
YTD
53
59
58
Avg Sold to
OLP Ratio
95.0%
Min
92.1%
Max
95.0%
5-year Sep average
95.0%
93.9%
Aug 2018
Sep 2017
YTD
95.4%
94.8%
95.1%
Copyright 2018 MarketStats by ShowingTime. All Rights Reserved.
Data Source: MFRMLS. Statistics calculated October 08, 2018.