Smith & Associates Real Estate | Tampa Bay Market Report - May 2022

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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