The Boutique Firm Recorded $1.5 Billion in Sales Predict a Bullish Real Estate Market for Tampa Bay in 2020
Tampa Bay's largest independently-owned real estate brokerage firm, Smith & Associates Real Estate, celebrates another record-breaking sales year with $1.5 billion in sales volume, an increase of 22% from the previous year. The company has been serving Tampa Bay's real estate market for over fifty years and recognized associate accomplishments with a party at the Armature Works in Downtown Tampa. With their Developer Services team representing ten projects in Tampa Bay that have completion dates set between 2020 and 2023, Smith feels confident that the Tampa Bay real estate market will be on fire in 2020.
Established in 1969, Smith & Associates Real Estate has grown to be one of the most influential companies in the Bay, with revenues exceeding $1.5 billion in 2019. The firm represents high-profile residential and commercial developments. It is the exclusive listing agent for almost all of Tampa Bay's high-profile towers, including The Edition, Riverwalk Place, Hyde Park House, Elevé 61, The Sanctuary, Saltaire, and Altura. Smith & Associates Real Estate is the number one luxury brokerage firm of $1M + residences in both Hillsborough and Pinellas Counties.
President and CEO, Bob Glaser, says his company's focus on investing in employees, giving back to the community, and fostering strategic partnerships will continue to inform the company's growth strategy. "As Tampa Bay has grown, so have we. We've had tremendous success and are bringing over 2 billion dollars of inventory to the local market in the upcoming years, representing developments in downtown Tampa and St. Pete. Yet, we anticipate that marketplace demand will outpace available inventory."
According to the real estate website Zillow, Tampa home values went up 3.9% in 2019 and Zillow forecasts they will rise an additional 4% in 2020. Tampa also ranks 4th among the nation’s The most popular investment markets, according to Realtor.com® .
While the Smith team celebrated their record-breaking year and the associates with exceptional sales, the organization also presented their most coveted honor, The Mary Smith Conover Citizen Award, which honors the spry 93-year-old founder of Smith & Associates Real Estate. The award is a nod towards the company's founder and keeps the philanthropic intention at the forefront for every associate. This year's winner was Becky Slocum clocked nearly 1,800 volunteer hours with The American Red Cross and is a member of the Disaster Action Team, working on-call shifts throughout the night from 6 PM - 6 AM.
Becky Slocum (Award Recipient), Bob Glaser (President and CEO), and Mary Smith Conover (Founder) at Kickoff Celebration at Armature Works