Local Market Insight July 2019 CONDO 33785

Local Market Insight July 2019 CONDO 33785 , updated 9/10/19, 1:44 PM

categoryOther
collectionsMarket Insights
visibility73

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

July 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
15
-34.8%
-42.3%
from Jun 2019:
23
from Jul 2018:
26
YTD
2019
2018
+/-
200
198
1.0%
5-year Jul average: 22
New Pendings
30
42.9%
50.0%
from Jun 2019:
21
from Jul 2018:
20
YTD
2019
2018
+/-
198
195
1.5%
5-year Jul average: 23
Closed Sales
20
-4.8%
-20.0%
from Jun 2019:
21
from Jul 2018:
25
YTD
2019
2018
+/-
149
173
-13.9%
5-year Jul average: 23
Median
Sold Price
$424,000
2.2%
-1.4%
from Jun 2019:
$415,000
from Jul 2018:
$430,000
YTD
2019
2018
+/-
$425,000 $437,500
-2.9%
5-year Jul average: $401,750
Summary
In 33785, the median sold price for Condo/Co-op/TH properties for
July was $424,000, representing an increase of 2.2% compared to
last month and a decrease of 1.4% from Jul 2018. The average days
on market for units sold in July was 77 days, 11% below the 5-year
July average of 87 days. There was a 42.9% month over month
increase in new contract activity with 30 New Pendings; a 15.8% MoM
increase in All Pendings (new contracts + contracts carried over from
June) to 44; and a 17.2% decrease in supply to 72 active units.
This activity resulted in a Contract Ratio of 0.61 pendings per active
listing, up from 0.44 in June and an increase from 0.40 in July 2018.
The Contract Ratio is 41% higher than the 5-year July 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
72
Min
72
Max
115
5-year Jul average
72
91
Jun 2019
Jul 2018
87
78
Avg DOM
77
Min
77
Max
103
5-year Jul average
77
87
Jun 2019
Jul 2018
YTD
100
79
72
Avg Sold to
OLP Ratio
96.0%
Min
93.8%
Max
96.1%
5-year Jul average
96.0%
94.8%
Jun 2019
Jul 2018
YTD
93.4%
94.2%
94.8%
Copyright © 2019 MarketStats by ShowingTime. All Rights Reserved.
Data Source: Stellar MLS. Statistics calculated August 08, 2019.