• Bonnie Upright, APR

Curious about Opendoor? Jax Daily Record gives the scoop, including comments from Pete Dalton

A recent Jax Daily Record story shared some insights into the online real estate site's Jacksonville market share and growth plans. According to writer Scott Sailer, Opendoor currently has 37 homes under contract in Northeast Florida, with another 20 going through renovations. The impact to the market is small however, as Opendoor accounts for just .53 percent of single-family resales (November through June).

“Opendoor is a positive because it will help some consumers attain their goals of home ownership,” said Pete Dalton, broker-owner with Coldwell Banker Vanguard Realty. "At the same time, customers need to understand that they cannot buy at retail, sell at retail, pay the carrying costs and make a profit," he said.

Read the full article, including additional comments from Dalton, here.

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