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Pinellas County · Pocket report

Tierra Verde Unit 1 1st Rep, Tierra Verde

3 luxury homes closed in Tierra Verde Unit 1 1st Rep, Tierra Verde over the last 6 months at a median $2.38M ($677 per square foot), taking a median 354 days to go under contract; 9 are for sale today. Median 354 days to contract — time is on the buyer's side.

Median closing
$2.38M
3 sales · 6 months
Per square foot
$677
median closed
Days to contract
354
median
For sale now
9
single-family
Months of supply
17.7
buyer’s market
Sold vs original ask
76%
67% cut price first

If you are selling

67% cut their price and it still took 354 days

In Tierra Verde Unit 1 1st Rep (Tierra Verde) the price cut is being used as a strategy and it is a slow one. A cut that trails the market never catches it: each reduction lands where the market already was, and the listing ages while it chases. The alternative is one correct number at the start, which is a conversation worth having before the photographs are taken.

Commands 37% more per square foot than Tierra Verde

Tierra Verde Unit 1 1st Rep (Tierra Verde) closes at $677/sf against $493/sf for luxury single-family across Tierra Verde. A premium that size is paid for something specific — water, view, block, finish — and a listing that fails to make that case in its first three photographs gives it back.

If you are buying

Median 354 days to contract — time is on the buyer's side

Luxury homes in Tierra Verde Unit 1 1st Rep (Tierra Verde) take a median 354 days to go under contract, and 67% of sellers cut price along the way. A listing that has been sitting past that median is the negotiation; one that just came on is not.

About 17.7 months of luxury inventory — buyers set the pace

9 homes are for sale in Tierra Verde Unit 1 1st Rep (Tierra Verde) against 3 closings in 6 months. At that absorption rate a listing added today waits behind the queue. For a buyer that is leverage; for a seller it is the single most important number on this page.

Worth knowing

Only 3 closed sales in 6 months — no reliable benchmark

Tierra Verde Unit 1 1st Rep (Tierra Verde) does not trade often enough for averages to carry weight. At this price point that is normal and it is exactly why portal estimates are worst here: with 3 comparable sales, the condition, the lot and the finish decide the number, not the median.

How to read this

Every figure above is an aggregate over closed sales in Tierra Verde Unit 1 1st Rep, Tierra Verde in the 6 months through October 23, 2026, taken from licensed Stellar MLS data. Months of supply is the current number for sale divided by the recent monthly sales pace. "Sold vs original ask" compares the closing price to the price the home was FIRST listed at, which is where overpricing shows up — the final asking price has usually already absorbed the cuts. None of this is an appraisal or a valuation of any particular property.

Nearby luxury pockets

What the whole market has measured

Selling
33%

of $1M+ homes listed January 2024 to October 2025 didn’t sell within a year, counting private sales.

Selling
97% → 90%

of the first price: an offer in the first 30 days, then after.

Buying
40% vs 25%

of homes in flood zone AE vs zone X didn’t sell within a year (listed since 2024).

Investing
$327/sq ft

was the typical break-even building budget on 341 lots and teardowns that became $1M+ homes since 2024.

Know which listings are already losing the argument.

Tell me what you are looking for. I will send the listings where time, a relist or a flood zone has already moved the leverage to your side — and the ones where it has not.

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