The greatest questions in times when there is uncertainty are “What should I expect today”, “What will tomorrow bring” and “What should I do”. You can rely on Smith & Associations to continue to serve the community as the skilled and trusted real estate advisors we have been and will remain. With that in mind, I offer you the following insights into the local effect of these unprecedented events.
Tampa Bay had a record-setting first quarter in real estate, which was the case broadly across many of the markets in the US. We are still seeing much of that success in current closings and inventory yet available. Of course we are seeing some market reaction as buyers and sellers adjust expectations and alter goals. Some choosing to wait and see, while others have made swift decisions. Each individual’s situation is unique and must be evaluated in total to find the correct path.
As many states, including Florida, have adopted new stay at home protocols, we have begun to see the effects of these actions upon the market as professionals and consumers adapt to sales and showings that can be done safely with buyers that have a need to purchase at this time. In our market, real estate activities have been labeled essential, as long as these actions conform to the current guidelines of size limits and social distancing. Together with your Smith Associate will be the best judge of the practices that are right for each situation.
Smith is adjusting strategies to accommodate for consumers limited movement through virtual showings, promoting with a more digital focus, fantastic photos and an elevated degree of electronic communication. Additionally, the closing process is being altered and advanced with safety and convenience in mind. Our administrators continue the 10-day pre-closing prep check to assure all is in order to progress smoothly onto successful completion of transactions.
Naturally, the market will slow in some price ranges and days on market will likely extend to some degree. However, buyers that have been waiting for the “right” home are venturing out for safe showings and buying homes. Of course some are testing values to see if sellers have felt any impact financially hoping to create some opportunity in price negotiation. It is early to tell, but as weeks extend to months, perhaps the trends will show some opportunity in certain ranges for properties not in top condition. Now is the time to get the home in great order so when you do come to market, the best presentation is offered.
If the home was on market prior and things have gone silent, it may not necessarily be isolated to what would be the typical considerations; price or condition, rather, the market may simply be in a pause until folks feel safe. After a period of readjustment occurs and stability returns in employment and our economy, routine behavior will reestablish and Tampa Bay will continue to be one of the best places to choose to live and enjoy life.
We at Smith & Associates, look forward to when buyers and sellers can become more fluid in their movement, but for now we have virtual, digital, and electronic solutions in action to service and support the needs of our consumers right now to accomplish the task of reaching the current goal. As time passes and we begin to see market changes, we will communicate further insights on values and trends with our team to deliver to the communities they serve as trusted real estate advisors.
May you and your family remain safe and secure and at any time we are glad to provide you with market information to assist in your decision-making process. We will continue to be your real estate resource and trusted friends in Tampa Bay.
President / CEO
Please watch as CEO of Smith & Associates Real Estate, Bob Glaser, discusses the Real Estate Market as it relates to COVID-19.
Smith & Associates Real Estate has been an integral part of the Tampa Bay community for over 50 years. We have provided strategic real estate services through market booms and busts and will continue to provide you with relevant real-time real estate market information.
We are experiencing an unprecedented event in modern history, a global pandemic, COVID-19. While we cannot predict exactly how the virus will spread or the markets will respond, we can promise that our agents with years of experience, will continue their timeless commitment to provide timely facts and analysis on our local market. Because we are in constant communications with our global partners we expect that the United States and Florida will soon be subjected to much more restrictive social distancing regulations.
However, now is definitely not the time to panic. The real estate market is far less emotional than the financial markets. Everyone needs someplace to live, and Florida is still an extremely attractive place to live, work and play.
Many people who are considering buying now may be swayed by other benefits of homeownership: control and certainty. Real estate offers people stable monthly payments and a home that makes them feel safe, comfortable, and happy. Further, inventory is still tight in Tampa Bay and historically low-interest rates mean a buyer can secure best value. People will continue to invest money into tangible assets. Throughout the next few weeks, we will continue to provide timely real estate updates.
We understand the safety of our agents and clients is a top priority. Technology allows us to take a virtual tour of a listing and provide online concierge service with a real estate expert. To assist sellers and buyers, we have secured the best virtual experiences on our listings and providing individual showings on request. Our agents will remain available, providing online and video consultations, live streaming property tours, and sharing updates on social media. We continue to monitor and adhere to the guidelines set forth by our local, state and national governments, as well as leading real estate industry associations.
It has been an honor to live and work in Tampa Bay for my entire adult life. I know how strong, supportive, and resilient we are as a community. I am as confident in Tampa Bay’s real estate market as it was two weeks ago before we fully understood the seriousness of COVID-19.
While events that bring us together have shut down, all 285 of our agents are just a phone call away and are equipped to offer sound advice and assurances.
President / CEO
The excitement was contagious as business leaders, elected officials, and future Marina Pointe homeowners gathered to celebrate the groundbreaking of Marina Pointe. Speaking at the event was Tampa Mayor Jane Castor, BTI Partners CEO Noah Breakstone, and Smith & Associates Real Estate President and CEO Bob Glaser who all echoed the shared sentiment that the Westshore Marina District, and its crown jewel of Martina Pointe, will be a game-changing neighborhood that will redefine South Tampa.
Marina Pointe introduces a new contemporary waterfront condominium and townhome lifestyle with breathtaking views, resort-style amenities, and unabashed luxury Overlooking a protected, deepwater yacht basin, Marina Pointe condominium residents will be able to indulge in an impressive array of private amenities or walk to shops, dine at marina-front restaurants, and boat onto open bay waters. More than fifty homes in Marina Pointe have already been reserved and several future homeowners who attended the groundbreaking said that the lure of the boating lifestyle so close to South Tampa is what they are most excited about.
With a state-of-the-art marina, a retail center that will include the Cru Cellars wine bar and shop, Duckweed Urban Market boutique grocery, DRNK Coffee Shop + QWENCH Juice Bar, Crave Spa, Salon Color Bar, and Sand Surf Co., among others and a boat-up dining destination, Paloma, the condominiums and townhomes will be a short stroll away from the waterfront promenade. The Westshore Marina District will also offer walking trails and parks along the waterfront that will connect with the marina.
The first residential tower of Marina Point is expected to take two years to complete and the retail center will open in the first quarter of 2021.
To learn more about Marina Pointe’s one-of-a-kind luxury condominiums and the all-new marina’s amenities and services, explore the website at MarinaPointe.com, call 813-930-9800, or visit the sales gallery at 4900 Bridge St, Tampa, FL 33609.
See more photos from the Marina Pointe Groundbreaking Ceremony, here.
View full photo album, HERE!
When you think of living in a large city, you can envision walking out of your flat and immediately having an array of shopping options. City life means having an array of boutiques, restaurants, services, cafes, and coffee shops easily accessible from the doorstep of your home. As the urban centers of Tampa Bay develop, enhanced walkability and access to restaurants and shops is becoming desirable for the modern homeowner.
The locals may not want the extreme lifestyle of big cities but they do want options and Tampa Bay developers are changing the landscape of these communities with a focus on top-quality retail. Condo towers are becoming a valuable asset to their neighborhoods by creating a unique sense of place with the ground-floor retail space that they provide. Often in popular walkable neighborhoods, the new developments bring new construction to premier established neighborhoods while providing an opportunity for retail in neighborhoods that may have lacked the space to add restaurants and shopping. Walking to your favorite restaurant for calamari and a glass of wine or picking up a last-minute hostess gift for a friend, can be a pleasing benefit to owning a home near retail options.
Hyde Park House
Built in the Historic Hyde Park neighborhood, residents of Hyde Park House will be able to walk along the oak-lined streets for craft cocktails, Italian cuisine, salon services, freshly brewed coffee, or a new release at the boutique cinema in Hyde Park Village. The live, work, play environment of the Hyde Park House’s location, creates a lifestyle where you can enjoy the quiet green space of the neighborhood while still having access to all the things that make urban dwelling so rewarding.
Saltaire St. Pete
Saltaire St. Pete plans 10,000 square feet of ground-level retail space to offer additional conveniences, services, and amenities for residents. Saltaire’s central and walkable location will make it an integral part of the downtown St. Petersburg community. Residents get the added benefit of privacy with a grand lobby with staffed reception while having open access to the retail and streetscape that make the neighborhood an unmatched destination.
Water Street Tampa/The Residences at The Tampa EDITION
On an even grander scale, Water Street Tampa exemplifies the mutual benefit of residential condo development and the unique neighborhood vibe they create. The Mayor of Tampa, Jane Castor, says that 23,000 people are expected to live, work, and play in the Water Street district once completed. The Residences at The Tampa EDITION will be in the heart of the Water Street neighborhood and offer residents direct access to a multitude of dining options including a 5-star restaurant and cafes. In addition to retail, The EDITION combines the world-class EDITION brand curated by Ian Schrager and world-renowned designers, Roman & Williams.
Similarly, at Marina Pointe, developers from BTI are creating Tampa’s newest walkable waterfront neighborhood by introducing a full master-planned community overlooking Tampa Bay. A complete contemporary environment for inspired living, shopping, and dining will be created in the center of the development as an added amenity to those living in Marina Pointe. There will be a wine bar, boutique grocery store with organic grab-n-go options and freshly squeezed juices and waterfront restaurant with boat dockage.
In some instances, new developments help spur retail development such as the case with Altura Bayshore. Fine restaurants continue to pop-up in the Bayshore Gardens area, Counter Culture being the newest addition to the Altura neighborhood with hip interiors and an elevated dining experience led by one of Tampa’s most noted chefs, Jeannie Pierola. Life at Altura provides easy access to a stroll on the iconic Bayshore Boulevard followed by dinner at one of the newest restaurants that Tampa has to offer.
Increased density spurs new businesses and these Tampa Bay developers are focused on designing retail environments that enhance the lifestyle offered to residents and their neighbors.
Visit our Developer Services page for the inside scoop on new construction projects!
Established in 1969, our company has grown to become Tampa Bay’s largest independently-owned real estate brokerage firm with over 300 real estate agents and record-breaking sales. Last year, our team of award-winning real estate agents and associates celebrated a record-breaking sales year with $1.5 billion in sales volume, an increase of 22% from the previous year. We know that our company’s success is due to the hard work of our real estate agents and associates. Every year, we recognize their efforts with a party that toasts their accomplishments from the past year and excites them for the possibilities in the year ahead.
This year’s party was at Armature Works where all 300 of our real estate agents and associates met for a team celebration. Awards went out to the real estate agents who had exceptional sales volume, completed trainings, assisted our affiliates, and also to the real estate agent for their community efforts. Smith is a company that is known for exceptional market wisdome and also for giving back to the communities we serve. In every way, we try to instill this love of community in our real estate agents and associates and support the time they want to use to contribute to causes that are meaningful to them. We think this makes us stronger as a company AND as a community.
Here is a list of some of the award-winning real estate agents from 2019:
REAL ESTATE AGENTS/TEAMS WITH EXCEPTIONAL SALES VOLUME | $20,000,000+
- Traci Burns
- Stephen Gay Group
- Ed Gunning & Mary Pond
- B-G Holmberg
- Sharon Kantner & Brian Waechter
- Mary Kelly
- Margliano Collection
- Amanda Siftar
- Sisters Sell St. Pete
- The Wolfe Group
- The Wood Team
REAL ESTATE AGENTS/TEAMS WITH EXCEPTIONAL SALES VOLUME | $15,000,000 – $19,999,999
- Pat Calhoon
- Darlene Davenport
- Jacki Fabrizio
- Tia Hockensmith & Anna Womack
- The Malowany Group
- The Platinum Group
- Melinda Pletcher
- The Richardson Group
- The St. Pete Team
REAL ESTATE AGENTS/TEAMS WITH EXCEPTIONAL SALES VOLUME | $10,000,000 – $14,999,999
- Victoria Christy
- Autumn Etheredge
- Jennifer Fuddy
- Anne Mullis & Cindy Richards
- Kevin Platt
- Dina Sierra Smith
- Bonnie Strickland
REAL ESTATE AGENTS I COMMUNITY HEART AWARD | NOMINEES
This year’s Community Heart / Mary Smith Conover Citizen Award winner was Becky Slocum who 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. This award is our most coveted recognition, 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.
Along with recognizing these real estate agents with a red carpet moment, we also recognized our real estate agents and associates who completed Ninja Training, our Smith Orange Belts, Rising Stars, and the top three real estate agents and teams at each of our five strategic locations in Tampa Bay.
Developer Services with 10 projects in their exclusive portfolio, Luxe Title, Smith Signature Insurance powered by BKS, branch operations, support staff, Marketing, Business Development/Relocation, and Commercial were all recognized for the ways they contribute to make Smith the success that it is in Tampa Bay real estate. Smith & Associates is the number one luxury brokerage firm of $1M + residences in both Hillsborough and Pinellas Counties. Thank you to all our real estate agents, associates, and clients!
CLICK HERE to view more photos from our 2020 Kickoff Company Party at Armature Works.
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
Multi-million dollar homes are all over St. Petersburg, Florida attracting homeowners from all over the world to what is becoming one of the most diverse and desirable cities in the state. Real estate prices are climbing and we have pulled together a list of the most expensive homes in St. Petersburg, FL. Opulent luxury homes in St. Petersburg are attractive to people looking for space, comfort, and privacy with the most expensive homes in St. Petersburg standing out as impressive and significant. The most expensive homes in St. Petersburg are sure to impress anyone who loves architecture or simply likes to daydream about the finer things in life. Lush tropical settings, sunset watching, huge yards, chef-quality kitchens, and more are offered in the most expensive homes on the market right now in St. Petersburg.
If you’re looking for the lap of luxury in St. Petersburg, FL, check out these 13 incredibly luxurious (and expensive) homes.
Designed to maximize its prime location, this modern home is a work of art that will take your breath away the moment you enter the home. The sophisticated use of glass, stone, quartz, and woodwork comes together to create a modern warm redefined waterfront residence including tranquility and relaxation throughout!
This stunning, brand new luxury waterfront home with a waterfront lot, was recently completed by Devonshire Custom Homes, one of Tampa Bay area’s finest builders! The two-story, concrete block construction home with lavish finishes inside & out is situated on a beautiful lot in desirable Old NE with fabulous views of Coffee Pot Bayou.
This wonderful Gulf-front, estate-sized home, built in 1925, offers endless possibilities with a sprawling floor plan consisting of 5,623 SF that includes a 2 level, 2 bed, 2 bath apartment with 1,779 SF, laundry, fireplace & a private entry!
Located in one of Downtown St. Pete’s most coveted luxury towers, 400 Beach is nestled along trendy Beach Drive directly across from the waters edge and only steps away from the vibrant hub of local eateries, sidewalk cafes, museums, art galleries, parks, breweries and so much more! This beautiful 5th-floor residence offers expansive views of sparkling Tampa Bay while easily enjoying the sights and sounds of a lively and active downtown waterfront.
Ultimate sophistication in a premier location, Parkshore Plaza is one of Downtown’s most desirable luxury condo towers. Conveniently located near the thriving hub of restaurants and endless amounts of things to do, this home is tucked along trendy Beach Drive, directly across from the water’s edge. This beautiful home with a highly sought after floor plan offers a home office/study, 2 ensuite guest bedrooms, powder bath, large laundry room plus a rare & unique expansive front terrace perfect for outdoor entertaining!
Fall in love with this fabulous open waterfront pool home in highly desirable Venetian Isles! Pride of ownership is apparent the moment you walk into the double door front entry and the home’s graciously sized rooms complement the seamless and stylish floor plan.
This beautiful colonial home is located on one of the loveliest streets in St. Petersburg. Built in 1935, it is reminiscent of days gone by, but with all the modern conveniences. This truly gracious Estate captures the elegance of an antebellum plantation!
Welcome to this meticulous executive-style home nestled on a prime corner lot along Snell Isles’ coveted Brightwaters Boulevard. This elegant home is perfect for both the family and entertaining and comes complete with a rare three-car garage. You will love the large open floor plan, high ceilings, three fireplaces, and wet bar!
Paradise on Pass-A-Grille Channel! This tri-level home is a boater’s dream with its large dock with water, power and 16,000 lb lift. The “Eagle’s Nest” is the perfect spot for stargazing or ship watching!
Enjoy life from the 7th Floor of ONE St. Petersburg, conveniently located close to the clubhouse, swimming pool, hot tub, gym, and the BBQ Grills. Step out onto the extra-large balcony and enjoy gorgeous water views at the Pier while watching the planes land at St. Petersburg’s private airport.
This stunning historic Jungle Prada estate is nestled on a private, manicured lot. This home has been meticulously restored and expanded into a modern masterpiece which showcases exquisite period finishes throughout. This is truly a hard to find jewel!
Imagine the joy and laughter shared with family and friends as you explore the enchanting beach community of Pass-A-Grille with easy access to the pristine beach, great restaurants serving local, delectable seafood, a sunny afternoon bike ride, or a playful day at the dog park with your furry family members. This delightful, quintessential beach cottage is situated 50 yards from both the beach and inter-coastal waterways!
This single-story estate with sweeping lake views encompasses Florida design to seamlessly live inside & out in St. Petersburg’s gated community of Placido Bayou. The sparkling water view offers a perfect scene from the covered lanai, pool & spa.
Contact one of our Florida real estate agents to find the St. Petersburg home for you!