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Northeast Florida’s Real Estate Market is Booming

October 5th, 2020 · Leave a Comment

The real estate market in Northeast Florida is thriving. Record low interest rates are motivating buyers while limited homes available for sale and price appreciation are providing sellers with a unique opportunity to maximize their homes’ value and earn more profit. During the month of August, 26 percent of homes in Northeast Florida sold over list price.

“In my nearly 20 years in the business, I have never seen a market like the one we have been experiencing since June,” said Berkshire Hathaway HomeServices Florida Network Realty President and CEO Christy Budnick. “We are experiencing a fast paced market with multiple offers on homes for sale in all price categories.”

Berkshire Hathaway HomeServices Florida Network Realty Realtor Zack Williams received seven offers on his Montclair Drive listing, which went under contract in three days and sold for $5,000 over the $365,000 listing price.

There were eight offers for Realtor Sarah Rothstein’s listing on Invermere Boulevard, priced at $189,000.

Realtor Julia Fattahi received multiple offers for her listing on Woodmere Drive in Jacksonville, which sold for $600,000 after only four days on the market.

To learn more about the current Northeast Florida real estate market and the unique opportunities for prospective buyers and sellers, read the rest of the story on the Berkshire Hathaway HomeServices Florida Network Realty blog.

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