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<p>August 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 22 22.2% -60.7% from Jul 2017: 18 from Aug 2016: 56 YTD 2017 2016 +/- 226 287 -21.3% 5-year Aug average: 34 New Pendings 32 60.0% -13.5% from Jul 2017: 20 from Aug 2016: 37 YTD 2017 2016 +/- 243 235 3.4% 5-year Aug average: 33 Closed Sales 24 20.0% -11.1% from Jul 2017: 20 from Aug 2016: 27 YTD 2017 2016 +/- 227 175 29.7% 5-year Aug average: 24 Median Sold Price $385,000 -7.5% 1.3% from Jul 2017: $416,250 from Aug 2016: $380,000 YTD 2017 2016 +/- $450,000 $370,000 21.6% 5-year Aug average: $349,200 Summary In 33785, the median sold price for Condo/Co-op/TH properties for August was $385,000, representing a decrease of 7.5% compared to last month and an increase of 1.3% from Aug 2016. The average days on market for units sold in August was 85 days, 21% below the 5-year August average of 107 days. There was a 60% month over month increase in new contract activity with 32 New Pendings; a 15.2% MoM increase in All Pendings (new contracts + contracts carried over from July) to 38; and a 9.4% decrease in supply to 96 active units. This activity resulted in a Contract Ratio of 0.40 pendings per active listing, up from 0.31 in July and a decrease from 0.54 in August 2016. The Contract Ratio is 3% lower than the 5-year August average of 0.41. 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 96 Min 91 Max 125 5-year Aug average 96 101 Jul 2017 Aug 2016 106 125 Avg DOM 85 Min 74 Max 177 5-year Aug average 85 107 Jul 2017 Aug 2016 YTD 96 83 78 Avg Sold to OLP Ratio 95.6% Min 91.5% Max 95.6% 5-year Aug average 95.6% 93.8% Jul 2017 Aug 2016 YTD 94.2% 94.8% 96.0% Copyright © 2017 MarketStats by ShowingTime. All Rights Reserved. Data Source: MFRMLS. Statistics calculated September 08, 2017. </p>
