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Luxury sales doing well in Tampa Bay

Sales at the upper end of the Tampa Bay residential market are doing well. In the last 5 months there have been three sales in the $5 – 6 Million range and four sales in the $4 – 5 Million range:

$5,600,000     Tierra Verde (St Petersburg) waterfront home 9,404 sq ft

$5,600,000     Harbour Island (Tampa) waterfront home  8,601 sq ft

$5,000,000     Belleair Beach gulf front home  6,664 sq ft

$4,825,000     Palma Ceia golf course home  15,743 sq ft

$4,600,000     Sandpearl condominium (Clearwater  Beach)  5,283 sq ft

$4,400,000    Sandpearl condominium (Clearwater Beach)

$4,300,000     Bayway Isles waterfront home (St Petersburg)  7,028 sq ft

There are approximately 70 properties currently listed over $4,000,000 in the Tampa Bay area. The highest price is $19,900,000.

 

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February 2008 Luxury Market Report for Pinellas County posted

Sharon’s Luxury Market Report for luxury properties in Pinellas County has been posted.  The number of single family homes sold over $1 Million increased by 50% in February over January – but there’s still a big selection for buyers. Condo sales over $1 Million continue, and are primarily in new buildings that have recently been completed, so many of the condo went to contract two or more years ago.

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