Smith & Associates owns over 18% of the market share and sells more than $700 million of homes priced above $1Million
Tampa Bay’s market for homes priced over $1 million is hot. While the term luxury can be overused or inappropriately used in the real estate industry, in most major metropolitan markets, luxury is defined as homes priced at $1 million and above. Analyzing trends in this price point can be a valuable indicator of an area’s attractiveness and growth.
According to Dodge Data & Analytics forecasts, in recent years, something changed in Tampa. It has joined the ranks of re-energized U.S. cities. Large-scale, mixed-use developments are springing up throughout the city, with more than $13 billion in nonresidential and multifamily projects…
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