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<p>October 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 23 35.3% -14.8% from Sep 2017: 17 from Oct 2016: 27 YTD 2017 2016 +/- 266 356 -25.3% 5-year Oct average: 28 New Pendings 22 29.4% -15.4% from Sep 2017: 17 from Oct 2016: 26 YTD 2017 2016 +/- 282 287 -1.7% 5-year Oct average: 21 Closed Sales 15 -37.5% -16.7% from Sep 2017: 24 from Oct 2016: 18 YTD 2017 2016 +/- 266 215 23.7% 5-year Oct average: 17 Median Sold Price $360,000 -2.8% -3.4% from Sep 2017: $370,500 from Oct 2016: $372,500 YTD 2017 2016 +/- $448,750 $370,000 21.3% 5-year Oct average: $348,500 Summary In 33785, the median sold price for Condo/Co-op/TH properties for October was $360,000, representing a decrease of 2.8% compared to last month and a decrease of 3.4% from Oct 2016. The average days on market for units sold in October was 51 days, 43% below the 5-year October average of 90 days. There was a 29.4% month over month increase in new contract activity with 22 New Pendings; a 16% MoM increase in All Pendings (new contracts + contracts carried over from September) to 29; and a 6.9% decrease in supply to 95 active units. This activity resulted in a Contract Ratio of 0.31 pendings per active listing, up from 0.25 in September and a decrease from 0.57 in October 2016. The Contract Ratio is 19% lower than the 5-year October average of 0.38. 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 95 Min 92 Max 120 5-year Oct average 95 101 Sep 2017 Oct 2016 102 120 Avg DOM 51 Min 38 Max 157 5-year Oct average 51 90 Sep 2017 Oct 2016 YTD 84 38 77 Avg Sold to OLP Ratio 96.0% Min 94.1% Max 96.8% 5-year Oct average 96.0% 95.2% Sep 2017 Oct 2016 YTD 95.0% 96.8% 95.9% Copyright 2017 MarketStats by ShowingTime. All Rights Reserved. Data Source: MFRMLS. Statistics calculated November 08, 2017. </p>
