The Northeast Florida February 2020 Market Stats Show the Same Positive Trends.

March 25, 2020

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As I write this letter, there is a lot of uncertainty and concern over the Coronavirus. I do not pretend to know the impact we will see on the real estate market or the economy, but I know God is in control and I will take one day at a time.

 

I can tell you the Northeast Florida Association of Realtors market stats report for February 2020 shows the same trends I have been repeating every month. Pending sales, closed sales, median and average sales prices are up and inventory of homes available is down. These are all very positive trends.

 

From the NEFAR report, “The recently released January ShowingTime Showing Index saw a 20.2 percent year-over-year increase in showing traffic nationwide. All regions of the country were up double digits from the year before. As showing activity is a leading indicator for future home sales, the 2020 housing market is off to a strong start, though it will be important to watch the spread of COVID-19 and its potential impacts to the overall economy in the coming months.”

 

There were 2,743 contracts written and pending sales were up 10.3% month-over-month and year-to-date. There were 2,201 closings which is up 4.1% for the month and 6.7% for the year.

 

The median sales price is $239,700 which is up 6.6% over last February and the average sales price is $287,068 which is up 12.2% for the same period.

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Congratulations to the top producing agents at Davidson Realty for February 2020.

March 6, 2020

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I would like to recognize our entire team for a great February with over $9 Million in closings.

 

The Top Producing, Top Sales and Top Listing agent for the month is Mirtha Barzaga. Mirtha helped 6 families make a move this month for a total volume over $2.5 Million. Mirtha supports Nease High School ROTC and band programs in addition to many other local causes.

 

 

 

The Top Producing Team for February is Dana Usrey and Deborah Shadowen, a great mother-daughter team. Dana and Deborah are very active in the local schools and involved in Davidson Realty’s “Deck the Chairs” entry every year.

 

 

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Army veteran Max Reyna joins Davidson Realty’s agent team

February 26, 2020

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We are happy to introduce our Max Reyna, a new agent on Davidson Realty’s sales team! Max is a veteran of the U.S. Army and has experience in logistics and supply chain management.

 

Real estate is a natural fit for Max. He’s dedicated, solidly familiar with the local market and has a lot of experience from many years of military relocations.

 

Max grew up in a Navy family and moved frequently, eventually settling in Neptune Beach. After graduating from Fletcher High School, he enlisted in the U.S. Army where he served honorably for five years, including two deployments to Iraq.

 

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Lunchtime Power Hour Bible study welcomes Davidson agent Rebecca Schaffer

February 25, 2020

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If you haven’t attended one of our Power Hour Bible studies, this is a great time to join because Davidson agent Rebecca Schaffer is now one of our study leaders!

 

Rebecca is a passionate and engaging leader and she brings fantastic insights to each session she leads.

 

The Power Hour takes place every Thursday from 12 to 1 p.m. at the Davidson Realty headquarters in World Golf Village (100 E Town Place, Suite 100). Those who attend find it to be a refreshing lunchtime event that makes the day a bit brighter!

 

Power Hour is open to the public.

 

The next Power Hour is this Thursday, February 27. In this week’s session, Rebecca and the group will discuss the new edition of “Discerning the Voice of God” by Priscilla Shirer. In this book, Priscilla shares her insights based on practical experience and years of Biblical study.

 

Davidson agent Shelley Nemethy also hosts some Power Hour sessions.

 

If you have any questions, contact Rebecca at (561) 213-8957 or rschaffer@davidsonsonrealtyinc.com.

 

The Northeast Florida Association of Realtors market stats for January also show very positive trends!

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The recent Florida Realtors Real Estate Trends summit had great speakers including Dr. Sean Snaith, director of the University of Central Florida’s Institute for Economic Forecasting. Dr. Snaith said, “We’re in the 11th year of the U.S. economic recovery – the longest economic recovery in U.S. history – and there are no indications that’s going to end any time soon.”

 

“Florida’s economy is doing even better than the national economy as a whole and it has been since 2012. Our unemployment rate is down to 3.3%. Florida’s GDP (Gross Domestic Product) continues to grow faster than the U.S.’s GDP, and our job growth rate is almost twice the national rate. Florida’s population growth is solid – the birth rates are better than the death rates, so we’re making new residents faster than we’re losing them.”

 

Another great speaker was Florida Realtors Chief Economist, Dr. Brad O’Connor. He agreed with Dr. Snaith and said he anticipates a robust outlook for the state’s housing market. He said, “Overall, I think we can expect to see a similar amount of price appreciation over the coming year, at about 4%, and I think we’ll see a similar amount of growth in closed sales for 2020 at about 4%.”

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