MARKET REPORT TAMPA BAY | JUNE 2022
SMITH & ASSOCIATES REAL ESTATE TAMPA BAY MARKET REPORT
SMITH & ASSOCIATES REAL ESTATE KNOWS THE MARKET The average home price across Tampa Bay is still showing growth month over month, but we are beginning to see a slow down of the rapid growth that was experienced this same time last year. Nationally, markets are slowing significantly, or even declining, but the high demand for Tampa Bay housing has isolated our market from this decline. Prospective buyers will enjoy an increase in active listings to choose from and may experience more negotiating power given the decrease in competition. Florida Realtors reported 6,573 active listings across Tampa, St. Pete, and Clearwater in June. That’s a 77.7% increase from that same time last year and a 47.9% increase from May. Our associates review local market insights daily and put the data to work for you when crafting a marketing strategy for your home. This comprehensive strategy ensures that your property is exposed to the most interested parties, providing the successful sale of your property to the most interested parties, providing the successful sale of your property.
Cover Image: SIGNATURE COLLECTION LISTING 168 13TH AVENUE NE | OLD NORTHEAST | $3,250,000
SMITHISHOME.COM
SOLD | DAVIS ISLANDS | $7,500,000
SMITH & ASSOCIATES REAL ESTATE TAMPA BAY MARKET REPORT
LOCAL MARKET INSIGHT
HILLSBOROUGH COUNTY | JUNE 2022 3,418
New Listings
Median Sold Price
New Pendings
2,606
Closed Sales
2,418
$410,000
Active Listings
3,110
Avg DOM
Copyright © 2022 MarketStats yb ShowingTime. All Rights Reserved. Data Source: Stellar MLS. Statistics calculated July 13, 2022.
SMITHISHOME.COM
12
Avg Sold to OLP Ratio
100.9%
SOLD | WESTCHASE | $1,500,000
SMITH & ASSOCIATES REAL ESTATE TAMPA BAY MARKET REPORT
LOCAL MARKET INSIGHT
PINELLAS COUNTY | JUNE 2022 2,390
New Listings
Median Sold Price
New Pendings
1,873
Closed Sales
1,949
$389,900
Active Listings
2,514
Avg DOM
Copyright © 2022 MarketStats yb ShowingTime. All Rights Reserved. Data Source: Stellar MLS. Statistics calculated July 13, 2022.
SMITHISHOME.COM
14
Avg Sold to OLP Ratio
99.7%
SIGNATURE COLLECTION LISTING 1113 ABBEYS WAY | HARBOUR ISLAND | $2,995,000
SMITH & ASSOCIATES REAL ESTATE TAMPA BAY MARKET REPORT
OUR NUMBERS
SMITH & ASSOCIATES REAL ESTATE
$2.1 BILLION 2021 Company Sales Volume
513
$1.96M
10.7%
$1M+ Transactions
Average Sales Price $1M+
Market Share for Homes $1M+
2,930
97%
Total Transactions in 2021
List to Sold Price
53
280
6
40
Years in Tampa Bay
Associates
Tampa Bay Offices
Dedicated Support Staff
SMITHISHOME.COM
2021 Company Data
ORANGE STATION | ORANGESTATIONSTPETE.COM
SMITH & ASSOCIATES REAL ESTATE TAMPA BAY MARKET REPORT
SMITH & ASSOCIATES REAL ESTATE MARKET SHARE TOTALS
HLLSBOROUGH & PINELLAS COUNTIES | $1M+ 1/1/2021-12/31/2021
SMITHISHOME.COM
SIGNATURE COLLECTION LISTING 12116 LAGOON LANE | TREASURE ISLAND | $2,100,000
OFFICES TAMPA 3801 Bay to Bay Boulevard Tampa, FL 33629 813.839.3800 ST. PETERSBURG 1100 4th Street N Suite 200 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 TREASURE ISLAND & SOUTHERN BEACHES 9641 Gulf Boulevard Treasure Island, FL 33706 727.440.9600 MAYFAIR INTERNATIONAL REALTY 15 Thayer St, Marylebone London, UK smithishome.com
Our Global Partners