The partnership between Smith & Associates Real Estate & Mayfair International Realty is bringing international buyers to Tampa Bay
St. Petersburg, Fla., December 16, 2015 – Tampa Bay real estate company, Smith & Associates has a partnership with London based, Mayfair International Realty, that continues to attract more international real estate buyers to the Tampa Bay market. The partnership with Mayfair International Realty gives Smith & Associates a global stage, as their real estate listings will now appear in the internationally renowned Financial Times. The Financial Times is a 125-year-old publication with a daily readership of 2.2 million people worldwide. With a team of over 600 editorial staff in more than 40 countries, it is one of the world’s leading news organizations.
By having their listings featured in the Financial Times, Smith & Associates will be able to draw more international homebuyers to the Tampa Bay marketplace. Florida already leads the way in international home buying activity, accounting for over 21% of all international sales in the United States, with the majority of those sales occurring in the South Florida cities of Miami and Ft. Lauderdale.
Sample from global media outlet, Financial Times
Bob Glaser, President and CEO of Smith & Associates sees this shifting. “Already, with the number of direct international flights to Tampa International Airport growing, we are seeing an increase in the demand for a second home among international clients. The international home buyer is being drawn to the Tampa/ St. Petersburg area because of the perceived value, lower home selling price points than Miami, and increased walkability among the downtown areas here.”
Foreign clients paid on average nearly $500 thousand for a house compared to the overall U.S. average house price of about $256 thousand with almost 40% of sales being cash. The alliance between Smith & Associates and Mayfair International Realty will bring more revenue to the area and be positive for the Tampa Bay real estate market which already has a favorable 2016 economic outlook, according to PNC Financial Services Group. The majority of international home buyers in 2015 came from China, Canada, India, and the United Kingdom. With listings in the Financial Times, a qualified staff, and direct routes from the United Kingdom to Tampa, Smith & Associates is predicting a rise in the number of British people seeking to buy a home in Tampa Bay area for 2016.
About Smith & Associates Real Estate
Smith & Associates had a record year in 2015, topping $1 Billion in total sales volume, for the first time in their 47-year history. For a locally owned and operated boutique-size firm like Smith & Associates, this is a significant landmark. When Bob Glaser took over the company in 1992, there were 50 agents and $150 million in sales. Today, the company has 225 sales agents and is still able to maintain a tight-knit culture that values the importance of giving back to the community.
Smith & Associates Real Estate remains a top brokerage in Tampa Bay with its roots firmly planted in the local community. With its four strategically located offices, the company is the #1 luxury brokerage of $1M+ residences for the first half of 2015 and sells a home every other day with an average transaction price of $1,663,551*. (*As of June 30, 2015)
About Mayfair International Realty
Mayfair International Realty brings together the finest luxury real estate with the very best brokers and agents from across the globe. Founded in 1995, the Mayfair Office has grown to become one of the foremost groups of luxury real estate agents in England, Scotland, Wales and Ireland. In 2005 this group was expanded to North America. Today Mayfair International Realty members can be found across the globe, bringing sophisticated international real estate marketing to a worldwide community of buyers and investors.
Bob Glaser, President & CEO
Smith & Associates, St. Petersburg, Florida
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