Written By: Andrew Thurlow
Kyle Passkiewicz of Watson Realty Corp. is always looking for a new niche in the market.
“As a broker, you need to always be changing your target demographics,” said Passkiewicz, who was recently named as one of the top real estate agents in the country by Real Trends, a consulting and analytics company.
More than 9,500 agents made Real Trends’ second annual “America’s Best Real Estate Agents” list, which ranks agents and teams by transactions and sales volume in all 50 states and more than 250 metro areas.
Passkiewicz was ranked No. 5 for transactions in the country, with 610 units sold – a feat that also earned him the No. 1 ranking in the state.
“Jacksonville is such a small market compared to a lot more areas where there are a lot more houses,” he said. “It’s not a market like New York City, so to be in the top was definitely a big deal.”
But Passkiewicz didn’t want to take all the credit.
“I have a great team that helps me handle those large transactions, particularly CEOAndy Allen of Corner Lot Properties,” he said.
Jacksonville-based Watson Realty Corp. is a full-service real estate company with nearly 1,300 sales associates and 42 sales offices throughout Northeast and Central Florida.
As real estate in Florida begins to stabilize, properties are becoming easier for brokers to sell, said Andy Allen, who has been flipping homes for six years.
“Prices are coming back rapidly since the recession,” Allen said. “We’re flipping about eight to 12 homes per month.”
According to RealtyTrac.com, eight Florida cities are in the top 15 nationally, with Jacksonville holding the No. 8 position.
“With these hedge funds and the amount of money in Jacksonville, it has really depleted the inventory and become very healthy,” Passkiewic said. “It’s become an efficient market where stuff that’s meant to sell does.”
Right now, the historic districts that surround Downtown are on the up, Passkiewicz said, including Jacksonville Beach, Riverside, San Marco and Avondale.