MARKET REPORT TAMPA BAY | MARCH 2024
SMITH & ASSOCIATES REAL ESTATE KNOWS THE MARKET
Tampa Bay is home to three of the top 10 places to live in America, according to a new report by Niche.
Tampa Bay’s amenities, livability, and growing employment opportunities continue to bring strong buyer demand, which has kept home prices stable in Hillsborough and climbing in Pinellas.
Prospective home buyers will appreciate a noticeable increase in housing opportunities throughout the region. While new listings are high, closings are increasing, suggesting that while there is more inventory to choose from, the buyer demand remains strong enough to keep the market balanced.
Smith is proud to contribute to the market with its top-tier housing portfolio of new construction singlefamily and townhome projects, as well as our exclusively listed tower residences coming to the Tampa Bay Area.
Our associates review local market insights daily and put the data to work for you when crafting a marketing strategy for your home sale or purchase. We are grateful for the opportunity to help over 2,200 families buy or sell their homes throughout Tampa Bay each year. Please reach out if we can put our local expertise to work for you.
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SIGNATURE COLLECTION LISTING
2020 BRIGHTWATERS BOULEVARD NE | SNELL ISLE | $9,900,000
SMITH & ASSOCIATES REAL ESTATE TAMPA BAY MARKET REPORT
SMITHISHOME.COM
SIGNATURE COLLECTION LISTING 36 COLUMBIA DRIVE | DAVIS ISLANDS | $2,300,000
SMITH & ASSOCIATES REAL ESTATE TAMPA BAY MARKET REPORT SMITHISHOME.COM New Listings Active Listings Avg DOM Avg Sold to OLP Ratio New Pendings Closed Sales 2,084 4,333 50 95.6% 2,161 1,730 LOCAL MARKET INSIGHT
Copyright © 2023 MarketStats by ShowingTime. All Rights Reserved. Data Source: Stellar MLS. Statistics calculated April 08,2024. Median Sold Price $395,000
HILLSBOROUGH COUNTY | MARCH 2024
SIGNATURE COLLECTION LISTING 4701 PARADISE WAY S | ST. PETERSBURG | $2,200,000
SMITH & ASSOCIATES REAL ESTATE TAMPA BAY MARKET REPORT SMITHISHOME.COM New Listings Active Listings Avg DOM Median Sold Price Avg Sold to OLP Ratio New Pendings Closed Sales 2,117 5,769 53 $400,000 93.2% 1,958 1,673
Copyright © 2023 MarketStats by ShowingTime. All Rights Reserved. Data Source: Stellar MLS. Statistics calculated April 08,2024.
LOCAL MARKET INSIGHT PINELLAS COUNTY | MARCH 2024
SIGNATURE COLLECTION LISTING 4406 W AZEELE STREET | BEACH PARK | $2,995,000
YOUR TAMPA BAY REAL ESTATE EXPERTS
2,276 2023 Total Transactions
$1.09M
LOCAL MARKET EXPERTISE
The most current local market data, as well as the amenities and unique characteristics of each part of Tampa Bay.
ACCESS TO THE MOST HOUSING OPPORTUNITIES
Receive details on Smith exclusive properties before they are made public, giving you more choice while reducing potential for competition.
NEGOTIATIONS TACTICS
Get the best possible terms for your desired home with your associates’ advanced offer strategies and negotiation tactics.
TRANSACTION MANAGEMENT
Our full service transaction team ensures your deal goes on schedule and all parties are informed each step of the way.
AFFILIATED RESOURCES
Integrated mortgage, insurance, and title give you the opportunity to save time while getting access to the highest quality of service.
HOME SERVICE PROVIDER LIAISON
Get recommendations to trusted vendors that can assist with any projects you are dreaming up for your new home.
COMMUNITY INVOLVEMENT
Smith & Associates is proud to call Tampa Bay home, and collectively volunteers thousands of hours to annually to local organizations to make our region the best it can be.
SMITH & ASSOCIATES REAL ESTATE TAMPA BAY MARKET REPORT SMITHISHOME.COM
Average
$1M+ Transactions $1.95M Average Sales Price $1M+ 14.6% Market Share for Homes $1M+ 55 Years in Tampa Bay
Sales Price 731
2023 Company Data
Altura is nearing completion! Obtaining the Certificate of Occupancy (CO) from the City of Tampa is anticipated to be received in the coming weeks.
ALTURA BAYSHORE | ALTURABAYSHORE.COM
OFFICES
TAMPA
3801 Bay to Bay Boulevard
Tampa, FL 33629
813.839.3800
ST. PETERSBURG
1100 4th Street N
St. Petersburg, FL 33701
727.342.3800
BEACH DRIVE SALES GALLERY
330 Beach Drive NE
St. Petersburg, FL 33701
727.342.3800
COASTAL & NORTHERN BEACHES
14581 Walsingham Road
Largo, FL 33774
727.282.1788
WESTCHASE
10714 Countryway Boulevard
Tampa, FL 33626
813.570.7777
MAYFAIR INTERNATIONAL REALTY
15 Thayer St, Marylebone
London, UK
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