Local Market Insight CondoTH 33785 Aug 2019

Local Market Insight CondoTH 33785 Aug 2019, updated 10/15/19, 8:25 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
 

Tag Cloud

August 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
21
40.0%
-27.6%
from Jul 2019:
15
from Aug 2018:
29
YTD
2019
2018
+/-
221
227
-2.6%
5-year Aug average: 35
New Pendings
31
3.3%
24.0%
from Jul 2019:
30
from Aug 2018:
25
YTD
2019
2018
+/-
229
220
4.1%
5-year Aug average: 33
Closed Sales
23
15.0%
9.5%
from Jul 2019:
20
from Aug 2018:
21
YTD
2019
2018
+/-
172
194
-11.3%
5-year Aug average: 23
Median
Sold Price
$510,000
20.3%
27.5%
from Jul 2019:
$424,000
from Aug 2018:
$400,000
YTD
2019
2018
+/-
$430,000 $428,750 0.3%
5-year Aug average: $414,800
Summary
In 33785, the median sold price for Condo/Co-op/TH properties for
August was $510,000, representing an increase of 20.3% compared
to last month and an increase of 27.5% from Aug 2018. The average
days on market for units sold in August was 138 days, 52% above the
5-year August average of 91 days. There was a 3.3% month over
month increase in new contract activity with 31 New Pendings; a 2.3%
MoM decrease in All Pendings (new contracts + contracts carried
over from July) to 43; and a 2.8% decrease in supply to 70 active
units.
This activity resulted in a Contract Ratio of 0.61 pendings per active
listing, no change from July and an increase from 0.40 in August
2018. The Contract Ratio is 26% higher than the 5-year August
average of 0.49. 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
70
Min
70
Max
125
5-year Aug average
70
92
Jul 2019
Aug 2018
72
80
Avg DOM
138
Min
74
Max
138
5-year Aug average
138
91
Jul 2019
Aug 2018
YTD
77
75
81
Avg Sold to
OLP Ratio
92.0%
Min
92.0%
Max
95.6%
5-year Aug average
92.0%
93.6%
Jul 2019
Aug 2018
YTD
96.0%
92.4%
94.4%
Copyright © 2019 MarketStats by ShowingTime. All Rights Reserved.
Data Source: Stellar MLS. Statistics calculated October 08, 2019.