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December 2019 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 20 -28.6% 0.0% from Nov 2019: 28 from Dec 2018: 20 YTD 2019 2018 +/- 315 334 -5.7% 5-year Dec average: 26 New Pendings 12 -52.0% -50.0% from Nov 2019: 25 from Dec 2018: 24 YTD 2019 2018 +/- 305 308 -1.0% 5-year Dec average: 22 Closed Sales 21 23.5% -4.5% from Nov 2019: 17 from Dec 2018: 22 YTD 2019 2018 +/- 257 279 -7.9% 5-year Dec average: 23 Median Sold Price $430,000 -26.5% -5.0% from Nov 2019: $585,000 from Dec 2018: $452,500 YTD 2019 2018 +/- $437,500 $443,000 -1.2% 5-year Dec average: $446,000 Summary In 33785, the median sold price for Condo/Co-op/TH properties for December was $430,000, representing a decrease of 26.5% compared to last month and a decrease of 5% from Dec 2018. The average days on market for units sold in December was 59 days, 24% below the 5-year December average of 77 days. There was a 52% month over month decrease in new contract activity with 12 New Pendings; a 31.6% MoM decrease in All Pendings (new contracts + contracts carried over from November) to 26; and no change in supply with 77 active units. This activity resulted in a Contract Ratio of 0.34 pendings per active listing, down from 0.49 in November and an increase from 0.25 in December 2018. The Contract Ratio is 7% lower than the 5-year December average of 0.37. 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 77 Min 77 Max 117 5-year Dec average 77 95 Nov 2019 Dec 2018 77 83 Avg DOM 59 Min 34 Max 148 5-year Dec average 59 77 Nov 2019 Dec 2018 YTD 65 97 79 Avg Sold to OLP Ratio 95.7% Min 93.2% Max 96.9% 5-year Dec average 95.7% 95.6% Nov 2019 Dec 2018 YTD 97.3% 95.8% 94.8% Copyright © 2020 MarketStats by ShowingTime. All Rights Reserved. Data Source: Stellar MLS. Statistics calculated January 08, 2020.
