LOCAL MARKET INSIGHT 33785 Condo:TH Dec 2017

LOCAL MARKET INSIGHT 33785 Condo:TH Dec 2017, updated 2/6/18, 3:31 AM

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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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December 2017
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
30
7.1%
11.1%
from Nov 2017:
28
from Dec 2016:
27
YTD
2017
2016
+/-
324
404
-19.8%
5-year Dec average: 26
New Pendings
24
-14.3%
-11.1%
from Nov 2017:
28
from Dec 2016:
27
YTD
2017
2016
+/-
334
335
-0.3%
5-year Dec average: 21
Closed Sales
20
11.1%
0.0%
from Nov 2017:
18
from Dec 2016:
20
YTD
2017
2016
+/-
304
262
16.0%
5-year Dec average: 20
Median
Sold Price
$475,000
33.6%
22.6%
from Nov 2017:
$355,500
from Dec 2016:
$387,500
YTD
2017
2016
+/-
$438,250 $382,500 14.6%
5-year Dec average: $405,685
Summary
In 33785, the median sold price for Condo/Co-op/TH properties for
December was $475,000, representing an increase of 33.6%
compared to last month and an increase of 22.6% from Dec 2016.
The average days on market for units sold in December was 49 days,
51% below the 5-year December average of 99 days. There was a
14.3% month over month decrease in new contract activity with 24
New Pendings; a 2.9% MoM decrease in All Pendings (new contracts
+ contracts carried over from November) to 34; and no change in
supply with 86 active units.
This activity resulted in a Contract Ratio of 0.40 pendings per active
listing, down from 0.41 in November and a decrease from 0.52 in
December 2016. The Contract Ratio is 24% higher than the 5-year
December average of 0.32. 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
86
Min
86
Max
117
5-year Dec average
86
108
Nov 2017
Dec 2016
86
117
Avg DOM
49
Min
34
Max
183
5-year Dec average
49
99
Nov 2017
Dec 2016
YTD
53
148
74
Avg Sold to
OLP Ratio
96.9%
Min
91.3%
Max
96.9%
5-year Dec average
96.9%
94.0%
Nov 2017
Dec 2016
YTD
96.6%
93.2%
96.0%
Copyright 2018 MarketStats by ShowingTime. All Rights Reserved.
Data Source: MFRMLS. Statistics calculated January 08, 2018.