What’ s Happening?
If you want to see where development is happening, check out this Development Map from the St. Petersburg Downtown Partnership. It shows projects occuring throughout Downtown and its adjacent districts, giving a clear picture of how much growth is taking place and where it’ s happening.
https:// tinyurl. com / 26zk69a6
Summer Market!
The Saturday Morning Market will run through the end of August in its temporary digs just north of Williams Park( while the park is under construction), at 212 3rd Street N. Hours are 9 am- 1 pm. There is no market in September, and October 3 kicks off the main season back in the Al Lang Stadium parking lot.
MARKET REPORT
July 2026
SECOND QUARTER 2026
As of July 1st, there were 123 resale condos and 8 townhomes listed for sale( 131 total properties), compared to this time last year when there 121 condos and 7 townhomes – almost exactly the same level of inventory. They range from $ 149,000 for a 660 sq ft Lake Palms Co-op unit to the $ 9,500,000 penthouse( 5,359 sq ft) still available at Vinoy Place.
The price breakdown is:
• Under $ 500,000: 21( 16 %)
• $ 500,000- $ 1M: 25( 19 %)
• $ 1M- $ 2M: 51( 39 %)
• $ 2M- $ 5M: 34( 26 %)
• $ 5M +: 3( 2 %)
In the first half of 2026, there were 127 resale condos and 15 townhomes( 142 total properties) sold. At this time last year, there had been 126 resale condos and 11 townhomes( 137 total properties) sold. Oddly, although it feels“ slow,” the numbers show a nearly identical market condition. Average sale price was $ 1,220,746, with a range from $ 99,000 for a 625 sq ft, 1 bedroom Lake Palms Co-op unit to $ 8,995,000 for a 5,013 sq ft, 3 bedroom unit at Vinoy Place.
62 %
Cash Sales YTD 2026
Average price per square foot was $ 620, with a range from $ 128 to $ 1,596( ironically, the same end cap units referenced in the overall sales). Units sold at an average of price is:
95 % of last listed price. Average days on market was 94. 62 % of the transactions were cash.
The breakdown by
• Under $ 500,000: 35( 25 %)
• $ 500,000- $ 1M: 46( 32 %)
• $ 1M- $ 2M: 40( 28 %)
• $ 2M- $ 5M: 20( 14 %)
• $ 5M +: 1(< 1 %)
Seven condo buildings had average sales prices over $ 1M, compared to ten at the end of the first quarter:
• 400 Beach: $ 2,512,500
• Art House( Resale): $ 1,510,667
• Cloister: $ 1,347,500
• ONE: $ 1,961,667
• Parkshore: $ 1,677,161
• Saltaire: $ 1,908,750
• Vinoy Place: $ 3,525,000
Developer and resale inventory from the newest buildings, Art House and 400 Central, is definitely impacting the overall
See State of the Market, page 3
The SIMMS Team | Coastal Properties Group 238 Beach Drive NE | St. Petersburg, FL 33701 | www. DowntownStPeteCondos. com