November 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
29
-6.5%
3.6%
from Oct 2018:
31
from Nov 2017:
28
YTD
2018
2017
+/-
314
294
6.8%
5-year Nov average: 29
New Pendings
18
-18.2%
-35.7%
from Oct 2018:
22
from Nov 2017:
28
YTD
2018
2017
+/-
284
310
-8.4%
5-year Nov average: 21
Closed Sales
19
-36.7%
5.6%
from Oct 2018:
30
from Nov 2017:
18
YTD
2018
2017
+/-
257
284
-9.5%
5-year Nov average: 20
Median
Sold Price
$525,000
-6.2%
47.7%
from Oct 2018:
$559,750
from Nov 2017:
$355,500
YTD
2018
2017
+/-
$443,000 $434,500 2.0%
5-year Nov average: $400,900
Summary
In 33785, the median sold price for Condo/Co-op/TH properties for
November was $525,000, representing a decrease of 6.2% compared
to last month and an increase of 47.7% from Nov 2017. The average
days on market for units sold in November was 61 days, 48% below
the 5-year November average of 117 days. There was an 18.2%
month over month decrease in new contract activity with 18 New
Pendings; a 17.9% MoM decrease in All Pendings (new contracts +
contracts carried over from October) to 23; and a 5.7% increase in
supply to 93 active units.
This activity resulted in a Contract Ratio of 0.25 pendings per active
listing, down from 0.32 in October and a decrease from 0.41 in
November 2017. The Contract Ratio is 29% lower than the 5-year
November average of 0.35. 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
93
Min
86
Max
121
5-year Nov average
93
105
Oct 2018
Nov 2017
88
86
Avg DOM
61
Min
53
Max
310
5-year Nov average
61
117
Oct 2018
Nov 2017
YTD
162
53
89
Avg Sold to
OLP Ratio
96.1%
Min
90.6%
Max
97.0%
5-year Nov average
96.1%
95.0%
Oct 2018
Nov 2017
YTD
96.9%