LOCAL MARKET INSIGHT 33785 CONDOS FEB 2018

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

year Feb average Feb contract active Jan YTD

<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%
 94.8%
Copyright  2018 MarketStats by ShowingTime. All Rights Reserved.
Data Source: MFRMLS. Statistics calculated March 08, 2018.
</p>