Ari AbdiTampa Bay Luxury · 1 Realty Group LLC
Luxury › Selling
Selling · Hillsborough & Pinellas · $1M+

Selling a $1M+ home in Tampa Bay

Selling

What they sold for, vs. first asking price

98%Updated14 days on the market
85%Needs updating111 days on the market

Old Northeast · Avila · Palma Ceia Park · Maryland Manor · Hyde Park West · 28 updated and 42 needing updates sold, last 12 months

Should I renovate first? See the proof →
Selling
$1.995M → $1.382M

An Old Northeast home that needed updating sat 345 days, then sold $613K under its first asking price.

Sold Mar 2026 · built 1926 · 3,011 sq ft · listed twice

What should I list at? See the proof →

For sale now

For sale in St Petersburg
$1.485M
On the market 180 days
3 bd · 3 ba · 2,448 sq ft
Old Northeast · St Petersburg
756 17th Avenue
Listing courtesy of RE/MAX ACTION FIRST OF FLORIDA
Ask about this home
For sale in Tampa
$3.499M
On the market 116 days
4 bd · 6 ba · 6,062 sq ft
Avila · Tampa
702 Berrocales De Avila
Listing courtesy of LEE REALTY GROUP
Ask about this home
For sale in St Pete Beach
$749,000
Lot · 5,375 sq ft
St Petersburg Beach Rep · St Pete Beach
623 73rd Avenue
Listing courtesy of PINK CHAIR REALTY
Ask about this home
For sale in Madeira Beach
$1.1M
Lot · 7,309 sq ft
Bay Point Estates · Madeira Beach
817 Bay Point Drive
Listing courtesy of PINEYWOODS REALTY LLC
Ask about this home
For sale in Treasure Island
$1.15M
Lot · 9,984 sq ft
Treasure Island City Of · Treasure Island
11855 1st Street
Listing courtesy of TREASURE ISLAND REALTY LLC
Ask about this home
Selling

Neighborhoods in demand right now

In these neighborhoods, $1M+ homes got an offer within a month, sold close to their asking price, most listings sold, and few are for sale today. If you own here, buyers are waiting.

In demand

Vinoy Place Condo, St Petersburg

0 days to an offer
97% of asking price
2 for sale now · 7 sold last year · typical $2.6M
In demand

Waterchase, Tampa

4 days to an offer
99% of asking price
3 for sale now · 12 sold last year · typical $1.23M
In demand

Nine Eagles, Odessa

6 days to an offer
96% of asking price
1 for sale now · 7 sold last year · typical $1.19M
In demand

Tampa Palms Area, Tampa

6 days to an offer
97% of asking price
1 for sale now · 6 sold last year · typical $1.18M
In demand

Belle Harbor Condo, Clearwater Beach

7 days to an offer
95% of asking price
0 for sale now · 8 sold last year · typical $1.53M
In demand

Bayou Club Estates, Pinellas Park

16 days to an offer
95% of asking price
1 for sale now · 9 sold last year · typical $1.35M
In demand

Southland, Tampa

16 days to an offer
96% of asking price
2 for sale now · 7 sold last year · typical $1.69M
In demand

Westchase, Tampa

19 days to an offer
94% of asking price
2 for sale now · 12 sold last year · typical $1.15M
In demand

Old Memorial, Tampa

23 days to an offer
94% of asking price
0 for sale now · 6 sold last year · typical $1.68M
In demand

North New Suburb Beautiful, Tampa

25 days to an offer
94% of asking price
1 for sale now · 7 sold last year · typical $1.4M

Where selling is hard

$1M+ sales in the last 12 months; neighborhoods with at least 6 sales. For comparison, across both counties homes took 37–62 days to an offer and sold for 91–94% of asking.

Selling
$283k apart

Same neighborhood. Same size. Same asking price.

Home Alisted $1,699,000sold $1,683,000 in 9 days
Home Blisted $1,700,000sat 151 days, sold $1,400,000

Waterfront pool homes in South Causeway Isle Yacht Club, St Petersburg, 2,600 sq ft, built 1965–1967, both sold by January 2026.

Selling? Find out which one yours would be →
In plain English

Since January 2024, about 1 in 3 $1M+ homes in Hillsborough and Pinellas didn’t sell within a year of going on the market.

Whether yours is one of them is mostly decided before the first showing — by the first price, and by facts about the house that no marketing changes. These pages show both, in plain English.

This week’s picks

For sellers · this week’s picks

Homes that didn’t sell, and then did

Tampa: unsold after 198 days, then sold 7 days after coming back

4 more picks, shared on a call →

Selling

Will a $1M+ home sell? About 1 in 3 didn’t within a year

33%

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

Clear pattern · 24-point gap
Selling

The first month sets the price

97% → 90%

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

Clear pattern · 21-point gap
Buying

Flood zones and waterfront: no difference before 2024, a big one since

40% vs 25%

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

Clear pattern · 20-point gap
Selling

The house itself: size, pool and age

53% vs 28%

of houses over 7,000 sq ft vs the easiest size didn’t sell within a year.

Clear pattern · 25-point gap
Buying

Luxury condos got harder to sell in 2024 — especially in older buildings

43% vs 33%

of $1M+ condos vs houses didn’t sell within a year (listed since 2024).

Clear pattern · 32-point gap
Investing

Tear down and rebuild: what builders could afford to spend

$327/sq ft

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

341 rebuilds
Investing

What owning a $1M+ home for several years has earned

8.4%

a year, typically, for homes owned 3+ years and sold for $1M+ since 2024.

1,758 homes owned 3+ years
Buying

About half of $1M+ homes are bought with cash

72%

of $5M+ homes sold since 2024 were paid for in cash.

8,236 $1M+ sales
Selling

Does the month you list in matter?

28%–35%

didn’t sell within a year, from the best month to list to the worst.

Some pattern · 8-point gap
A private read on your property, before it goes on the market.

Where your home sits against the measured outcomes — its price band, size, flood zone, building age and the time comparable attempts took — and what I would do about it. Written by me, not generated.

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