Newly released data is showing that luxury home prices in Sarasota and Tampa spiked 20% in 2019's final quarter while luxury prices in St. Petersburg dropped by roughly 13%.

The report compared the top 5% most expensive homes sold within the 4th quarter in over 1,000 U.S. Cities (excluding New York) while also comparing average sale prices for luxury homes both 2018's and 2019's Q4s in order to determine each city's year-over-year growth for luxury home prices.

When it was all said and done, Tampa’s luxury housing market grew by a whopping 20.6% up to $1.3 million — an increase that makes Tampa the 3rd highest year-over-year growth of all the cities included in the study.

Sarasota had the 4th highest year-over-year increase at 20.5%