By Nikki-Lyn Holm
The Coastal Home Group
Slate Real Estate
Weather can be hard to predict sometimes....so can this real estate market! In addition to all the rain we had this summer, it has been a super sizzlin' summer of sales! Not only am I talking about the weather, but this crazy HOT housing market too.
In this industry a “Hot” market can mean different things to different people. For example: Have you been thinking about selling? (Yes, this is a hot market) If yes, now is the time. This is most definitely what we all refer to as a “Sellers’ Market.”
Do you need or want to purchase a home? (Amazingly low interest rates)
Although it is a sellers’ market in general, the plus side for buyers is taking advantage of these incredibly low interest rates. Consumers are finding that they have gained more buying power, as the mortgage payments typically end up being less than expected, and this tends to surprise people with how much they really can afford.
Looking back to mid-summer in July, our market had less than a month of housing inventory. What IS inventory, you may be wondering? It is the number of homes available for buyers to choose from. Compared to exactly a year ago, where we had almost 3 months worth of Inventory in the North Saint Johns County area. To put this in perspective though, a healthy and balanced market typically has about 6 months’ worth of inventory or homes for sale.
Our current hot market is awesome for sellers, though, not all buyers. You remember High school economics class, right? Low inventory/high demand. This drives up the competition. It also results in multiple offers, bidding wars, and people willing to pay OVER asking in many scenarios.
According to the Northeast Florida Association of Realtors July Market Stats, 59.2% of the listed homes sold for over list price. This is a 314% jump from last year, as in 2020 it was a mere 14.3% that would close over asking price. In June, throughout the northern Saint Johns and Nocatee/Ponte Vedra area 606 homes were sold. In July, in the same area
547 homes were sold.
The two hottest questions that many sellers today are often wondering are:
What is my home worth?
What could MY home sell for?
I would be happy to discuss the difference between these two questions at any time. We have at least two to three more months of Florida heat, but how many more months do we have of a hot market? My thoughts? It’s here to stay for a while.
SHEARWATER UNVEILS NEW AMENITY!
Neighborhood Adventure Park to bring
residents even closer to the outdoors!
Shearwater, the new master-planned residential community on County Road 210, officially opened its newest amenity, the The Outpost: Shearwater’s new adventure park. The new waterfront amenity will provide residents with easy access to a variety of recreational activities along Trout Creek, which connects to the St. Johns River.
“At Shearwater, we’re committed to connecting our residents to nature and promoting healthy living through world-class amenities and unique lifestyle programming,” said Suzanne Maddalon, Vice President, Marketing, Freehold Communities.
We are thrilled to open the Adventure Park and Outpost, which takes advantage of Florida’s natural beauty while providing exciting opportunities for our residents to spend time outdoors with their families and neighbors.
Close to the Adventure Park is the new Outpost. The Outpost is the perfect outdoor oasis for families and neighbors to get together. Featuring a screened in pavillion for gatherings, with a wraparound porch, open-air gathering space and a 30’ stone fireplace. Adjacent to the Outpost is a large playground area with Kompan® Swings, an embankment slide and double zip line. And Expected to open later this year, is the Kayak Launch. The Outpost is the perfect outdoor oasis for families and neighbors to get together after a fun day on the water.
The new Adventure Park and Outpost is the latest example of Shearwater’s mission to provide residents with a vibrant neighborhood focused on healthy living, community engagement and a connection to the outdoors. The Adventure Park joins Shearwater’s robust system of amenities including 15 miles of nature trails that run throughout the community, the Kayak Club amenity center, oversized fitness lodge, The Perch Waterslide Tower, Lazy Bird River, illuminated Har-Tru tennis courts and KOMPAN free-range playgrounds.
Shearwater is located at 206 Shearwater Parkway, St. Augustine, FL 32092. To learn more about Shearwater, visit www.shearwaterliving.com.
by Nikki-Lyn Holm
The Coastal Home Group
You want a smoother, smarter, and safer experience when buying or selling your biggest investment.
In today’s market of North East Florida, and especially Saint Johns County, we are currently in a Sellers Market with a shortage of home inventory. This makes the job of a Realtor very challenging, whether the agent is a buyers agent or a listing agent.
Please allow me to explain the difference. The buyers agent is frantically sorting through homes for their buyers with only 1.5 months worth of inventory, when there is typically six months in a healthy market. Now imagine there are almost 11k agents hunting through, showing, and attempting to find and sell homes. They are submitting countless offers amongst a sea of multiple offer scenarios.
If you are a buyer, you may be questioning if you truly need an agent. After all, there are Mega-platforms such as Zillow, Realtor.com and so forth which make it so easy for you to find a house. So why should you contact an agent when you can just contact the listing agent?
Here are 3 reasons why you SHOULD have your own agent:
No cost to you: They work for you for FREE! That’s right, other than a potential, nominal brokerage transaction fee of a few hundred dollars which is only paid at closing, you have someone dedicated to working for you. The seller pays for their service, so why not have an extra set of eyes looking for you? Did you know Realtors who have access to MLS are privy to a Coming Soon List? Even before Zillow gets it. Strong and serious agents also network well and may have an inside scoop on homes coming on the market.
Expertise: Buyer's Agents are there to negotiate, advise, guide and suggest ways to make your offer be the lucky one to be chosen. If you contact the seller's agents who do you think their allegiance is to? The listing agent may very well practice single agency, in which case they cannot represent both parties.
North East Florida Networkers: Buyer's agents can and should build relationships with the listing agent. Perhaps there is already a relationship? The greater agents are going to ask the important questions and try to create a win-win for all. If they are experienced and work for a reputable broker, they may also have some “tricks of the trade” up their sleeves and will share good guidance with you for making your offer as strong as possible.
Now let’s evaluate the flip side. Maybe you have had thoughts of selling your home on your own. For Sale By Owner? Here are 3 reasons why we feel you should reconsider:
Safety: Do you know who is coming to preview your home? When agents schedule through other agents on a listed home, there is a vetting process. Pre-Approvals. Consultations. And of course, agents who have licenses to ensure the people in your home are credible and qualified.
Systems: Your Professional listing agent may have a proven systematic selling strategy. Knowing the market, this agent should have a plan to get your home sold for top dollar and fast. Please do not rely on the Zestimate for your home value. The best way to assess what is going to appraise or sell for a phenomenal contract price and negotiation, is having your professional agent do the work. Someone with access to trusted reports and data who can provide a relevant CMA. (Comparative Market Analysis)
Service: Are you ready to advertise your home For Sale By Owner? Are you ready to give up your privacy, your nights and weekends, as well as need to track all the calls, emails, texts and questions? Your listing agent will handle all of that for you and keep you in compliance. They also ensure all the documents needed to close are included, and handle your marketing, and contract to close deadlines.
If you read these tips above and questioned whether you really do need a human, professional, real estate agent or team, please....do not hesitate to schedule a complimentary consultation with a reputable full time realtor, team or group.
Time is money. Money is time. And if you treasure your time, and want the best value when buying or selling your home? Contact The Coastal Home Group or a professional expert you
The latest trend in housing.
There’s a new trend on the housing market that has gained popularity over the last several years, and no, we aren’t talking about shiplap! It’s called Build-to-Rent (BTR) or Build-to-Lease (BTL), a growing housing option that provides all of the comforts and amenities of owning a brand-new home without all of the headaches. For those seeking the perks of living in a master-planned community but aren’t ready to put down roots, Build-to-Rent is a great opportunity to get the best of both worlds.
So, is build-to-rent right for you? Here are four ways that BTR could be your next big move.
Flexibility– Enjoying all of the benefits of a brand-new home, without the mortgage payment and home ownership maintenance, offers incredible flexibility for individuals of all age ranges. For young professionals who are experiencing rapid career changes, BTR alleviates the worry of what to do with the home if they receive a job offer in another city or state. And for empty nesters who want to downsize from their larger family home and begin enjoying a more low-maintenance lifestyle, BTR provides a brand-new home without the responsibility that comes with home ownership.
Low Maintenance – If a busy schedule, work commitments, and retirement tee-times limit your availability (or desire) to focus on all of the daily upkeep of owning a home; such as yardwork, repairs, and overall wear and tear, build-to-rent is a low-maintenance alternative to home ownership. The convenience to “lock and leave” your rental home provides a freedom that is unmatched.
Elevated Lifestyle – Living in a build-to-rent home in a master-planned community like Shearwater, an award-winning master-planned community in northern St. Johns County, gives renters access to all of the amenities and lifestyle events that are available on property. At Shearwater, these world-class amenities include resort-style swimming pools, a lazy river, 15 miles of hiking and biking trails, dog parks, and a state-of-the-art fitness center. You’ll also be invited to participate in social events, outdoor concerts, family-friendly gatherings and so much more. BTR opens the door to experience the luxury of a brand-new home, world-class amenities and a close connection to your neighbors – all on your own terms!
Residents enjoy World Class Amenities including Club House with Fitness Center and Wifi Cafe, huge Splashpool. Lazy River and Lap Pool, Tennis Courts and Forest Trails.
Shearwater’s build-to-lease homes feature two-to-four bedroom single-family and townhome floor plans. These homes include home and property maintenance, upgraded fixtures and finishes, and full access to Shearwater’s award-winning amenities and lifestyle events that are thoughtfully curated by a full-time Lifestyle Director. The Lifestyle Director leads the community’s unique approach to lifestyle programming and activities by working with residents directly to develop events and activities that best fit the interests of the community.
How It Works
360 Communities™ at Shearwater creates healthy, engaged and connected communities with purpose-built homes for the growing lease market. 360 Communities partners with top builders to create high-quality leased homes that blend seamlessly with surrounding communities and are professionally managed to deliver exceptional lifestyle experiences to residents. These beautiful homes are in established new home communities, like Shearwater, and located in fantastic, thriving locations close to good schools, major employers, shopping, dining, and outdoor recreation.
The lifestyle at Shearwater is about more than great amenities, it’s about creating a connection to neighbors and the great outdoors.
For more information about Shearwater, visit Shearwaterliving.com, or Shearwater360.com for information and pricing on available homes to lease.
by Heather Strazinsky & Danielle Rodriguez
With all things 2020 we felt it was time for a good laugh…..