MARKET REPORT TAMPA BAY | MAY 2022
SMITH & ASSOCIATES REAL ESTATE TAMPA BAY MARKET REPORT
SMITH & ASSOCIATES REAL ESTATE KNOWS THE MARKET According to a recent Luxury Portfolio International® Executive Summary on the State of Luxury Real Estate, the market for luxury real estate remains strong after a record year of sales in many locations. Across Tampa Bay, we are beginning to see more active listings compared to months prior, giving prospective home buyers more options when purchasing their next residence. Smith associates are deeply embedded in the Tampa Bay community and highly attuned to the needs of luxury buyers and sellers. Our dedicated associates set us apart with their in-depth market knowledge, commitment to integrity, and responsiveness to client needs. 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 BAYSHORE BEAUTIFUL | 2902 W FAIR OAKS AVENUE | $5,999,999
SMITHISHOME.COM
SOLD | WATERCHASE | $1,050,000
SMITH & ASSOCIATES REAL ESTATE TAMPA BAY MARKET REPORT
LOCAL MARKET INSIGHT
HILLSBOROUGH COUNTY | MAY 2022 2,857
New Listings
Median Sold Price
New Pendings
2,853
Closed Sales
2,295
$402,000
Active Listings
1,833
Avg DOM
Copyright © 2022 MarketStats by ShowingTime. All Rights Reserved. Data Source: Stellar MLS. Statistics calculated June 8, 2022.
SMITHISHOME.COM
12
Avg Sold to OLP Ratio
102.0%
SOLD | BEACH PARK | $6,250,000
SMITH & ASSOCIATES REAL ESTATE TAMPA BAY MARKET REPORT
LOCAL MARKET INSIGHT
PINELLAS COUNTY | MAY 2022 2,236
New Listings
Median Sold Price
New Pendings
2,283
Closed Sales
2,068
$390,000
Active Listings
1,665
Avg DOM
Copyright © 2022 MarketStats by ShowingTime. All Rights Reserved. Data Source: Stellar MLS. Statistics calculated June 8, 2022.
SMITHISHOME.COM
13
Avg Sold to OLP Ratio
101.3%
SOLD | SNELL ISLE | $3,250,000
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
SOLD | OLD NORTHEAST | $2,595,000
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
ALTURA BAYSHORE | ALTURABAYSHORE.COM
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
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