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August 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 21 40.0% -27.6% from Jul 2019: 15 from Aug 2018: 29 YTD 2019 2018 +/- 221 227 -2.6% 5-year Aug average: 35 New Pendings 31 3.3% 24.0% from Jul 2019: 30 from Aug 2018: 25 YTD 2019 2018 +/- 229 220 4.1% 5-year Aug average: 33 Closed Sales 23 15.0% 9.5% from Jul 2019: 20 from Aug 2018: 21 YTD 2019 2018 +/- 172 194 -11.3% 5-year Aug average: 23 Median Sold Price $510,000 20.3% 27.5% from Jul 2019: $424,000 from Aug 2018: $400,000 YTD 2019 2018 +/- $430,000 $428,750 0.3% 5-year Aug average: $414,800 Summary In 33785, the median sold price for Condo/Co-op/TH properties for August was $510,000, representing an increase of 20.3% compared to last month and an increase of 27.5% from Aug 2018. The average days on market for units sold in August was 138 days, 52% above the 5-year August average of 91 days. There was a 3.3% month over month increase in new contract activity with 31 New Pendings; a 2.3% MoM decrease in All Pendings (new contracts + contracts carried over from July) to 43; and a 2.8% decrease in supply to 70 active units. This activity resulted in a Contract Ratio of 0.61 pendings per active listing, no change from July and an increase from 0.40 in August 2018. The Contract Ratio is 26% higher than the 5-year August average of 0.49. 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 70 Min 70 Max 125 5-year Aug average 70 92 Jul 2019 Aug 2018 72 80 Avg DOM 138 Min 74 Max 138 5-year Aug average 138 91 Jul 2019 Aug 2018 YTD 77 75 81 Avg Sold to OLP Ratio 92.0% Min 92.0% Max 95.6% 5-year Aug average 92.0% 93.6% Jul 2019 Aug 2018 YTD 96.0% 92.4% 94.4% Copyright © 2019 MarketStats by ShowingTime. All Rights Reserved. Data Source: Stellar MLS. Statistics calculated October 08, 2019.
