TAMPA, Fla., Dec. 29, 2021 /PRNewswire-PRWeb/ -- Tampa Bay's largest independently owned real estate company, Smith & Associates Real Estate, announced record-breaking sales volume for 2021. The company posted sales of $2.18B, marking a sales growth of 33% for the organization. The banner sales year secures the firm's dominance as the leader in luxury real estate sales in Tampa Bay.
"Tampa Bay real estate sales soared last year, and we benefited as an organization from our history as being the leader in the Luxury markets and by our unique understanding of serving affluent buyers and sellers in the markets for generations. This year the value range of luxury took a jump proving that Tampa Bay is following the trends of the nation with discerning buyers seeking the next level of luxury," says Bob Glaser, President and CEO, Smith & Associates Real Estate.
Hillsborough County home sales above $5M increased 375% year over year in the number of homes sold. Pinellas County also posted a notable increase at this exclusive price point, with a 41% increase in $5M and above homes sold.
"In years before 2021, the $1M homes were the staple of Tampa Bay's luxury market. This year, our region attracted the most discerning homeowners, often from large metro markets. They have a greater expectation of needs, a certain quality of lifestyle and are willing to pay what the market dictates to find what is needed to meet those goals. Homes above $2M that had the greatest increase in activity with over 1,200 home sales were closed in Hillsborough and Pinellas County, that's a 90% increase," added Glaser.
The greatest change was with homes providing water views, whether it be a new condominium or single family, with most homes now falling in the range of $4M to $6M along with several sales exceeding $10M. A waterfront home on Davis Island set the record sale this year at $22.5M.
"We are bullish on the year ahead, as we launch several significant landmark condominium projects that will provide over $1B in new sales volume to the market. We also know the Bay area continues to perk interest nationally for corporate moves, as well as individuals that can now choose to work /live from any location," says Glaser.
Notable Smith & Associates Sales 2021
- 58 BAHAMA CIRCLE, TAMPA $22.5M
- 12321 FORT KING HIGHWAY, TAMPA $16.7M
- 117 BAY POINT DRIVE NE, ST PETERSBURG $6M
- 3401 BAYSHORE BOULEVARD Unit #2400 $6.86M
- 3401 BAYSHORE BOULEVARD Unit #2500 $6.9M
- 2619 BAYSHORE BOULEVARD Unit #1800 $7.2M
- 837 HARBOR ISLAND, CLEARWATER $6.99M
- 58 MARTINIQUE AVENUE, TAMPA $5.2M
- 5110 W LONGFELLOW AVENUE, TAMPA $5.25M
- 497 LAGUNA DRIVE, TIERRE VERDE $4.75M
*MLS: STELLAR Date: 01/01/2021 - 12/31/2021 Type: Broker Status: Total Sold List + Sell Price: $0 - $999,999,999 Construction Type: All Bedrooms: All Bathrooms: All Property Types: Residential: (1/2 Duplex, Condominium, Mobile Home, Manufactured Home, Condo - Hotel, Multi-Family, Single Family Residence, Townhouse, Villa, Dock-Rackominium, Farm, Quadruplex) Counties: Pinellas, Hillsborough BrokerMetrics® Information not guaranteed. © 2006 - 2021 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
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About Smith & Associates Real Estate
Founded in 1969, Smith & Associates Real Estate is Tampa Bay's largest independent and locally-owned real estate brokerage, with a commitment to exceptional service and superior market knowledge. Deeply embedded in the community and comprised of six strategically located offices in the Tampa Bay area, 285 associates, an annual sales volume of $2.18 billion, and over 2,981 transactions a year. Smith & Associates Real Estate is the number one luxury brokerage firm of $1M + residences with 10.9% of the market share and an average price of $1.87M* (*average of luxury transactions as of December 31, 2021). The company completes eight transactions a day and is a nationally recognized leader in the Real Estate industry. For more information on Smith & Associates Real Estate, please visit smithandassociates.com.
Media Contact
Sarah Lesch, Playbook Public Relations, (813) 727-4077, [email protected]
SOURCE Smith & Associates Real Estate
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