05:20 AM EST Share Buyers are fleeing more expensive regions of the U.S. because of the pandemic and low interest rates.
Low interest rates and an influx of residents from the Northeast and California helped several Ponte Vedra real estate agents make 2020 the best year in their careers.
Agents who sold the region’s most expensive homes in 2020 said they are seeing more new-to-the-area buyers than ever, many coming from New York, New Jersey, Connecticut, Maryland, Washington, D.C., and California.
“People are moving out of the urban areas to smaller communities because of the COVID concerns,” said Elizabeth Hudgins, a Realtor with Berkshire Hathaway Home Services in Atlantic Beach.