While we’ve seen a few slow years in the non-waterfront luxury home segment, 2010 saw a welcome increase in the number of million dollar homes sold around the Tampa Bay area. Within a 30 mile radius of Tampa, there were 51 properties sold with a price tag of $1 million or more. The average non-waterfront luxury property was a 5 bedroom, 5 bath, with 6039 square feet of living space and sold for $1,488,836, or $262 a square foot.
But, one area stood out as the clear “winner”. Of the 51 luxury sales, 18 of the sales were in the zip code 33556 which covers Odessa and Keystone. The communities of Dolce Vita, Northbridge At Lake Pretty, and Keystone Shores represented half of the recorded sales. There was a 3 way tie for second with South Tampa zip code 33609 posting 5 sales, New Tampa zip code 33647 posting 5 sales, and the community of Avila in zip code 33613 posting 5 sales.
If we look at the numbers of the top 4 areas we can easily see why Odessa had so many sales. Odessa was the only area in the top 4 with an average sales price below the average for the Greater Tampa area. In fact, the average sales price for Odessa was almost 20% lower. Add ease of access to downtown Tampa, great schools, convenience to shopping and dining, and it’s easy to see why Odessa was the clear winner in luxury home sales for 2010.
Steve Eckhardt, Broker
(813) 765-1182
Dr. Beach, America's preeminent beach expert, just named Siesta Key Beach in Sarasota the best beach for 2011. Dr. Beach, who is also known as Dr. Stephen Leatherman of Florida International University, says, "The powdery sand is nearly pure quartz." Wide swaths of open beach and gentle waves make it a paradise for anyone. There's plenty of room to throw a blanket down and take in the sun's rays, walk along the water line or play a game of volleyball.
If you are looking for other great beaches where you can enjoy this Memorial Day weekend, check out my links to information about the other great beaches in the Tampa, St. Petersburg, Clearwater and Sarasota areas. Happy Memorial Day Weekend!
Tampa had the most active existing home sales market in the state with 7,710 sales, up 17% for the first quarter of 2011. Florida existing home sales increased 13% and existing condominium sales increased 29% over the first quarter 2011, according to the Florida Association of Realtors
Florida's existing home sales surged in March, recording the single biggest month since late 2005. Sales of condos and homes jumped 36 percent from February to March, surpassing the national rise of 3.7 percent, according to figures from the Florida Realtors and the National Association of Realtors. Seventeen Florida regions reported higher sales last month, and it's the fourth consecutive month that statewide sales have exceeded the same month in the prior year. The study also noted that a full 35% of buyers were CASH BUYERS.
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Steve Eckhardt is President of Cornerstone Properties & Investments. He is Recognized by Who’s Who In Luxury Real Estate and has established himself as one of the area’s top luxury home brokers.
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