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September 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 24 14.3% -11.1% from Aug 2019: 21 from Sep 2018: 27 YTD 2019 2018 +/- 245 254 -3.5% 5-year Sep average: 26 New Pendings 21 -32.3% -12.5% from Aug 2019: 31 from Sep 2018: 24 YTD 2019 2018 +/- 250 244 2.5% 5-year Sep average: 22 Closed Sales 22 -4.3% 57.1% from Aug 2019: 23 from Sep 2018: 14 YTD 2019 2018 +/- 194 208 -6.7% 5-year Sep average: 20 Median Sold Price $445,000 -12.7% 4.7% from Aug 2019: $510,000 from Sep 2018: $425,000 YTD 2019 2018 +/- $433,300 $428,750 1.1% 5-year Sep average: $381,850 Summary In 33785, the median sold price for Condo/Co-op/TH properties for September was $445,000, representing a decrease of 12.7% compared to last month and an increase of 4.7% from Sep 2018. The average days on market for units sold in September was 85 days, the same as the 5-year September average of 85 days. There was a 32.3% month over month decrease in new contract activity with 21 New Pendings; a 9.3% MoM decrease in All Pendings (new contracts + contracts carried over from August) to 39; and a 1.4% increase in supply to 71 active units. This activity resulted in a Contract Ratio of 0.55 pendings per active listing, down from 0.61 in August and an increase from 0.45 in September 2018. The Contract Ratio is 18% higher than the 5-year September average of 0.47. 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 71 Min 71 Max 122 5-year Sep average 71 92 Aug 2019 Sep 2018 70 82 Avg DOM 85 Min 67 Max 110 5-year Sep average 85 85 Aug 2019 Sep 2018 YTD 138 81 82 Avg Sold to OLP Ratio 93.9% Min 93.6% Max 95.6% 5-year Sep average 93.9% 94.6% Aug 2019 Sep 2018 YTD 92.0% 95.6% 94.3% Copyright © 2019 MarketStats by ShowingTime. All Rights Reserved. Data Source: Stellar MLS. Statistics calculated October 08, 2019. undefined
