THE BAGG GROUP
904.599.2028
Watson Realty Corp
3175-1 A1A S
St Augustine, FL
July 9, 2009
Watson Realty Corp. names Jonathan Bagg of THE BAGG GROUP as top producer for its Northeast Region through June, 2009.
St Augustine, FL (July, 2009) - Jonathan Bagg of THE BAGG GROUP, recently earned the number one producer honor through June, 2009 Watson Realty Corp.'s Northeast Region. "This is a very exciting opportunity for me and my associates and there is so much more to come," explained Bagg. "It is quite an expression of confidence in us and our market to expand THE BAGG Group's business in these challenging times."
Actively involved in St Augustine and St Johns' County real estate, Bagg has repeatedly earned top producer honors, receiving the Watson Realty Corp. Silver Pinnacle Award for 2008. His team also received the distinction as one of the top ten sales of St Johns County realtors for 2008. The group is well known for its broad knowledge in the area's residential real estate market.
In 2009, THE BAGG GROUP represented the sellers on the sale of their luxury Sea Colony oceanview home as well as assisting another buyer in the purchase of a luxury custom Sea Colony residence Bagg attributes much of his success to a thorough education of the issues facing county properties along with a genuine love of the land. He also cites his expertise in state of the art marketing techniques and sales representative that bring a unique intuitive perspective to understanding the customer's needs. "Jonathan and THE GROUP are widely regarded for their attention to detail, communication and negotiating skills, as well as their integrity, assuring their customers the highest standards in the industry. They guide their customers through all areas of the transaction and investigations enabling them to make well-informed decisions.
"Our business is built on referrals. To us, that means my customers and other real estate agents and brokers are pleased with the results and are confident in sending new customers our way. We particularly enjoy working in cooperation with other agents, local businesses and professionals including the architects, landscape architects, designers and contractors who are in close contact with the real estate market. Appraisers and lending institutions also comprise a very important referral base for my business. We believe this network and spirit of cooperation is the key to our success," Bagg stated.
St Augustine, the oldest city in America, is preparing for a milestone birthday. A 14-member Commission has been formed to develop plans for the celebratory event in 2015. The commenoration will feature significant events, festivals, re-enactments and exchanges and displays of Native American, Africian American and European cultures.
The city's history is truly unique. Before the 2015 birthday bash, the city in 2013 will celebrate the 500th anniversary of Don Ponce de Leon's discovery of Florida in 1513.
With over 46 million people of Hispanic orgins living in the United States, this will be the landmark event to experience their cultural heritage. At the same time, Spain will be celebrating the 200th anniversary of their constitution.
St Augustine is home to many milestones in history such as the first Mass was celebrated here. Among the invitees will be the Queen of England, the Spainish Royal Family, the Pope amongst other dignitaries.
Major Jeanne Zeidler of Williamsburg, VA, who also headed the 400th celebration for Jamestown, Williamsburg and Yorktown in 2007 has been hired as a consultant to the city to assist with planning for the event.
St Augustine has been making infrastructure improvements, such as restoring the three original Flagler fountains. In addition, it plans others such as the seawall and other downtown improvements.
We hope that everyone will come and join us for this historic event. THE BAGG GROUP, www.beachbagg.com, 904.599.2029
May 27, 2009 - St Johns' existing home sales rose in May year to date from 554 homes to 616 homes for an increase of 11.19%.
St Johns County's median sales price for existing homes last month was $185,495 versus the state median sales price of $138,500; a year ago; St Johns' County's median sales price was $212,000 versus the statewide median sale price of $199,500 for a 12.5% decrease at the County level versus a 31 percent decrease The national median sales price for existing single-family homes in March 2009 was $174,900, down 11.5 percent from a year earlier, according to NAR..
Home sales in the $200K and under market from year to date May 2009 versus 2008 grew by 42% from 257 units to 265 units according the information gathered from the St Johns/St Augustine Board of Realtors which has been the faster sales growth in the market.
The $200K to $300K range of the market is reasonably balanced. It represents 22.6% of current listings and 26.7% of sales for the same period.
Starting with the $300K price range and over, active listings account for 45.9% of the listings and 22.4% of the sales.
The most impacted segment of the St Johns' County market is the over $500K. Unit sales May year to date 2009 versus a year ago are 28 versus 51 for a decrease of 45%. There are currently 389 active listings in the over $500K sale price market. Of the total sales in the county, this segment of the market represented 23% of the listings and 5.9% of the total number of homes sales. This is likely attributable to higher jumbo mortgage rates, larger down payment requirements and tighter mortgage qualifications standards.
Housing industry analysts with the National Association of Realtors® (NAR) note, however, a significant downward distortion in the current median price due to many discounted sales, including a large number of foreclosures. The median is the midpoint; half the homes sold for more, half for less.
According to NAR's latest housing industry outlook, it could take a few months for the housing market to gain momentum, though there are signs of stabilization. "The share of lower priced home sales has trended up, indicating a return of many first-time buyers," says NAR Chief Economist Lawrence Yun. "Buyer traffic has been rising, and real estate offices are getting phone inquires about the tax credit. By early summer we should be seeing a positive impact on home sales from record-low mortgage interest rates in addition to the stimulus provisions."
Interest rates for a 30-year fixed-rate mortgage averaged 4.81 percent in May, down significantly from the average rate of 5.92 percent in April 2008, according to Freddie Mac.
For more information on buying and selling real estate in the St Johns County market, call Jonathan Bagg, at 904.599.2028 or Lois Houghton at 904.599.2029 of THE BAGG GROUP, or visit our website at beachbagg.com
St Augustine was recently named one of ten of the Best Places to live in the United States. Others are learning about the vast aray of activities that await both residents and visitors to "the nation's longest continually inhabited Europen-founded city in the United States.
Founded in the mid-1500s, this small community of 13,000 residents located on Florida's northeast coast welcomes several million visitors a year. Activities abound in this historic setting. Residents and visitors alike are treated to the charm of the area by visiting such landmarks as the Castillo de San Marcos, for example. This resilient fort has been able to withstand over 300 years of tropical storms and enemy firepower during its history.
The city and areas appeal extends beyond the rich history and lore. Outdoor activities abound from fishing, kayaking, boating, hiking, swimming, para-sailing, and long walks on the 42 miles of ocean shoreline in St Johns County. Located nearby is the home of the PGA Players Golf Tournament held at the TPC Sawgrass Golf Course. Each year tens of thousands of people come to Sawgrass to watch golf greats navigate the infamous and picturesque 17th home of this grand course.
Families appreciate the highly ranked public school system within the county. Over 25,000 students presently are receiving a high quality education preparing them for the future that awaits them.
Also abdundant is the mild weather and highly educated work force. Come and visit this 300 year old undiscovered area. I can be reached at lois@beachbagg.com to answer any questions you may have.
My husband and I specializing in providing "first in class" service to our customers.
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