Local Market Insight CONDOS 33785 April 2017

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

year Apr average Apr contract active Mar April

<p>April 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
29
-3.3%
-19.4%
from Mar 2017:
30
from Apr 2016:
36
YTD
2017
2016
+/-
118
143
-17.5%
5-year Apr average:  31
New Pendings
29
-25.6%
-12.1%
from Mar 2017:
39
from Apr 2016:
33
YTD
2017
2016
+/-
130
105
23.8%
5-year Apr average:  30
Closed Sales
38
-19.1%
137.5%
from Mar 2017:
47
from Apr 2016:
16
YTD
2017
2016
+/-
127
66
92.4%
5-year Apr average:  26
Median
Sold Price
$445,000
-10.1%
1.5%
from Mar 2017:
$495,000
from Apr 2016:
$438,500
YTD
2017
2016
+/-
$470,000 $369,975 27.0%
5-year Apr average:  $342,700
Summary
In 33785, the median sold price for Condo/Co-op/TH properties for
April was $445,000, representing a decrease of 10.1% compared to
last month and an increase of 1.5% from Apr 2016. The average days
on market for units sold in April was 64 days, 27% below the 5-year
April average of 88 days. There was a 25.6% month over month
decrease in new contract activity with 29 New Pendings; a 28.6%
MoM decrease in All Pendings (new contracts + contracts carried
over from March) to 40; and a 5% increase in supply to 106 active
units.
This activity resulted in a Contract Ratio of 0.38 pendings per active
listing, down from 0.55 in March and a decrease from 0.47 in April
2016. The Contract Ratio is the same as the 5-year April 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
106
Min
99
Max
132
5-year Apr average
106
116
Mar 2017
Apr 2016
101
132
Avg DOM
64
Min
61
Max
138
5-year Apr average
64
88
Mar 2017
Apr 2016
YTD
76
61
73
Avg Sold to
OLP Ratio
96.5%
Min
90.0%
Max
96.5%
5-year Apr average
96.5%
93.6%
Mar 2017
Apr 2016
YTD
 98.5%
 95.0%
 96.6%
Copyright © 2017 MarketStats by ShowingTime. All Rights Reserved.
Data Source: MFRMLS. Statistics calculated May 08, 2017.
</p>