Local Market Insight 33785 condo Jan 2020

Local Market Insight 33785 condo Jan 2020, updated 2/21/20, 11:27 PM

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About Barb Dinda Ulrich

Pinellas Beaches Real Estate Expert for ​Keller Williams Gulfside Realty.

Barb has enjoyed the last 38 years living in our beautiful Gulf Beach communities. She spent her childhood in South Tampa. In her free time, Barb most enjoys spending time with her friends and family: daughter 21, and son, 19, relaxing at their Condo on Indian Rocks Beach or embracing art and culture in vibrant Downtown St. Pete. Barb truly loves people-  listening and learning about her clients goals and working to assure that she exceeds their expectations. It's really all about the client, and providing personalized, discretionary service. Almost 100% of Barb's clients are former buyers or sellers she represented or referrals from clients, friends, family.

Barb feels so fortunate to work in a business she enjoys so much. 

Mobile: (727) 251-1954
 

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January 2020
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
40
100.0%
-13.0%
from Dec 2019:
20
from Jan 2019:
46
YTD
2020
2019
+/-
40
46
-13.0%
5-year Jan average: 39
New Pendings
41
241.7%
64.0%
from Dec 2019:
12
from Jan 2019:
25
YTD
2020
2019
+/-
41
25
64.0%
5-year Jan average: 30
Closed Sales
18
-14.3%
5.9%
from Dec 2019:
21
from Jan 2019:
17
YTD
2020
2019
+/-
18
17
5.9%
5-year Jan average: 19
Median
Sold Price
$527,500
22.7%
32.2%
from Dec 2019:
$430,000
from Jan 2019:
$399,000
YTD
2020
2019
+/-
$527,500 $399,000 32.2%
5-year Jan average: $418,100
Summary
In 33785, the median sold price for Condo/Co-op/TH properties for
January was $527,500, representing an increase of 22.7% compared
to last month and an increase of 32.2% from Jan 2019. The average
days on market for units sold in January was 70 days, 10% below the
5-year January average of 78 days. There was a 241.7% month over
month increase in new contract activity with 41 New Pendings; a
69.2% MoM increase in All Pendings (new contracts + contracts
carried over from December) to 44; and a 1.3% increase in supply to
78 active units.
This activity resulted in a Contract Ratio of 0.56 pendings per active
listing, up from 0.34 in December and an increase from 0.25 in
January 2019. The Contract Ratio is 32% higher than the 5-year
January average of 0.43. 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
78
Min
78
Max
122
5-year Jan average
78
101
Dec 2019
Jan 2019
77
106
Avg DOM
70
Min
62
Max
95
5-year Jan average
70
78
Dec 2019
Jan 2019
YTD
59
62
70
Avg Sold to
OLP Ratio
95.0%
Min
93.5%
Max
96.9%
5-year Jan average
95.0%
94.8%
Dec 2019
Jan 2019
YTD
95.7%
94.0%
95.0%
Copyright © 2020 MarketStats by ShowingTime. All Rights Reserved.
Data Source: Stellar MLS. Statistics calculated February 10, 2020.