While we’ve seen a few slow years in the non-waterfront luxury home segment, 2011 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