Christie’s International Real Estate has expanded its presence in Northeast Florida by adding First Coast, a brokerage that reported $1 billion in sales volume last year. The firm, now operating as Christie’s International Real Estate First Coast, is led by founder Corey Hastings and employs 130 agents who serve the Jacksonville metropolitan area.
Hastings, who previously played football at Ohio University and pursued an NFL career before moving into real estate, established the brokerage in Jacksonville in 2018. The company currently operates six offices throughout the region, including locations in Amelia Island, Jacksonville Beach, Ponte Vedra Beach, St. Johns, San Marco and Neptune Beach. Plans are underway to open an additional office in St. Augustine.
This development follows recent industry news of Compass acquiring Anywhere Real Estate for $1.6 billion through an all-stock transaction. First Coast is part of the Compass group of brands after Compass acquired @properties and Christie’s last year for $444 million.
The real estate sector has seen increased consolidation recently as firms compete for greater market share in Florida following a surge during the pandemic. In 2022, One Sotheby’s International Realty acquired First Coast Sotheby’s International Realty—a separate 93-agent firm with offices across Jacksonville, Palm Coast, St. Augustine, Ponte Vedra Beach and Amelia Island—which had posted $770 million in sales volume the previous year.
The Jacksonville metro area experienced significant growth during the pandemic but has since cooled off. By July, housing inventory had risen by 23.5 percent compared to pre-pandemic levels and median home values began to decline according to reporting from the Jacksonville Business Journal. Redfin data shows that as of August, the median price for a single-family home in Jacksonville stands at $325,700.
“
