MARKET REPORT
TAMPA BAY | AUGUST 2024
SMITH & ASSOCIATES REAL ESTATE KNOWS THE MARKET
A limited supply of available homes is helping keep property values stable around Tampa Bay.
In Pinellas County, the median sold price has remained flat, while Hillsborough County saw a slight 1.2% decline compared to last month. Overall, home values are holding steady on a month-to-month basis, with Pinellas being up compared to the same time last year.
Home sales have slowed, with both new listings and closed sales dipping over the past month. This is not unusual for the summer, a time when many people are on vacation or preparing for the school year.
If you’re planning a move this year, it’s more important than ever to work with an experienced agent skilled in pricing, negotiation, and marketing to help you reach your sales goals.
LOCAL MARKET INSIGHT
HILLSBOROUGH COUNTY | AUGUST 2024
LOCAL MARKET INSIGHT
PINELLAS COUNTY | AUGUST 2024
731
$1M+ Transactions $1.95M Average Sales Price $1M+
14.6% Market Share for Homes $1M+
2,276
Total Transactions $1.09M Average Sales Price
36 Average Days on Market
55 Years in Tampa Bay
292 Associates $8.42M Average Agent Production
5 Tampa Bay Offices
The Pendry Residences Tampa team proudly marked a significant milestone in June with the completion of the drilled shaft deep foundations. The drilled shafts, reaching depths of up to 284 feet, are among the deepest foundations in Tampa Bay, highlighting the extraordinary engineering and ambition behind this landmark development.
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
smithishome.com