<p>February 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
35
6.1%
59.1%
from Jan 2018:
33
from Feb 2017:
22
YTD
2018
2017
+/-
68
59
15.3%
5-year Feb average: 30
New Pendings
27
8.0%
-10.0%
from Jan 2018:
25
from Feb 2017:
30
YTD
2018
2017
+/-
52
62
-16.1%
5-year Feb average: 25
Closed Sales
19
-24.0%
5.6%
from Jan 2018:
25
from Feb 2017:
18
YTD
2018
2017
+/-
44
42
4.8%
5-year Feb average: 17
Median
Sold Price
$502,500
32.2%
34.9%
from Jan 2018:
$380,000
from Feb 2017:
$372,500
YTD
2018
2017
+/-
$470,000 $387,500 21.3%
5-year Feb average: $353,935
Summary
In 33785, the median sold price for Condo/Co-op/TH properties for
February was $502,500, representing an increase of 32.2%
compared to last month and an increase of 34.9% from Feb 2017.
The average days on market for units sold in February was 42 days,
44% below the 5-year February average of 75 days. There was an
8% month over month increase in new contract activity with 27 New
Pendings; a 12.5% MoM increase in All Pendings (new contracts +
contracts carried over from January) to 36; and an 8% increase in
supply to 94 active units.
This activity resulted in a Contract Ratio of 0.38 pendings per active
listing, up from 0.37 in January and a decrease from 0.65 in February
2017. The Contract Ratio is 3% lower 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
94
Min
94
Max
134
5-year Feb average
94
114
Jan 2018
Feb 2017
87
111
Avg DOM
42
Min
42
Max
130
5-year Feb average
42
75
Jan 2018
Feb 2017
YTD
95
74
72
Avg Sold to
OLP Ratio
96.6%
Min
91.8%
Max
96.6%
5-year Feb average
96.6%
94.5%
Jan 2018
Feb 2017
YTD
93.5%
94.0%
94