Sales of million dollar homes increased significantly for the Greater Tampa Bay area and the Greater Sarasota/Bradenton areas. In the 5 county area the number of homes over $1 million that sold in July increased to 61 compared to the 42 homes that were sold in June. While newspapers and the media continue to report luxury homes are "languishing" on the market, demand through 2009 has remained relatively stable (January 33 sold, February 29 sold, March 48 sold, April 59 sold, May 54 sold, June 42 sold, July 61 sold). That being said, we still have over a 42 month supply of million dollar homes.
The following statistics are taken from the Mid Florida Regional MLS and cover single family homes over $950,000 listed in the Mid Florida MLS. The Greater Tampa Bay area covers Hillsborough, Pinellas, and Pasco counties. The Greater Sarasota/Bradenton area covers Sarasota and Manatee counties.
Greater Tampa Bay Area Listings
1256 homes over $950,000 are currently for sale in the Greater Tampa area. The average list price is $1,845,691, with an average size of 4412 square feet. The average "million dollar home" in Greater Tampa, St. Petersburg, & Clearwater has been on the market for 332 days. The most expensive home in Greater Tampa is priced at $25 million and is located in the exclusive community of Avila.
1321 homes over $950,000 are currently for sale in the Greater Sarasota area. The average list price is $2,110,031, with an average size of 3734 square feet. The average "million dollar home" in Greater Sarasota, Bradenton, Siesta Key, Casey Key & Longboat Key has been on the market for 353 days. The most expensive home in the Greater Sarasota are is priced at $17 million and is located on Casey Key.
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