Florida Homeowners – How can your TRIM Notice save you money?

July 30, 2020

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Is there any reason to review your property tax notice?  There is a very compelling one and it could potentially save you lots of money!

 

If you own a home, you will receive your Truth in Millage (TRIM) notice from the Property Tax Appraiser in August. The 2020 Notice of Proposed Property Taxes will list the market value of your home determined by the County Tax Appraiser. You want the market value to be accurate. Let me explain.

 

The Save our Homes Cap was passed in 1994 and caps the amount the assessed value may increase to a maximum of 3% a year, or the Consumer Price Index. Your tax bill is based on this assessed value, not your market value.

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Getting to Know Silverleaf: St. Johns Newest Community Part 3

April 22, 2020

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I got to tour the Riverside Homes new model home under construction in Silverleaf Village. It is shaping up to be an awesome community.

 

 

Chris Wood explained that Riverside has 53 and 63 foot wide homesites with over 14 plan options. They have homes ranging from 1,800 to over 3,700 square feet. They have a wonderful selection of plans so you can find the perfect fit for your family. Home prices will start in the $300s.

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Getting to Know Silverleaf: St. Johns Newest Community Part 1

April 16, 2020

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I am so happy to introduce you to an exciting new community in Northern St. Johns County called Silverleaf. The location is ideal with easy access to I-95 and State Road 9B.

 

Silverleaf is situated on over 8,500 acres with over 3,500 acres of natural preserves. There will be single-family homes by Riverside Homes, Ashley Homes and Mastercraft Builder Group. Dream Finders Homes will be building single-family homes and townhomes.

 

I got to explore the community with Matt Roberts and Chris Wood of Riverside Homes. The entrance in the video is off of County Road 210 and is now open so you can come in and see the model homes being constructed in Silverleaf Village. The entrance off of State Road 16 is supposed to open late spring or early summer.

 

 

If you have an interest in being one of the first to live in Silverleaf, please contact a Davidson Realty agent for information.

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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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All signs point to a great year for real estate in Northeast Florida in 2020!

January 27, 2020

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All signs point to a great year for real estate in Northeast Florida in 2020. The Northeast Florida Association of Realtors market stats for December 2019 show sales, closings and prices are up for the month and year. The supply of homes on the market continues to drop.

 

 

Year over year numbers are:                     2018             2019           Change   

Pending sales                                            30,244           32,466          +7.3%
Closed sales                                              30,253           31,881          +5.4%
Median sales price                                $222,000       $233,990        +5.4%
Inventory of homes for sale                        9,181             7,602          -17.2%
Months supply of homes for sale                 3.6                 2.8            -22.2%

 

 

A study by ShowingTime indicates that buyer traffic has increased in all four major regions of the U.S. The South region saw the biggest uptick with 10.8% year-over-year increase in October. We are seeing increased buyer activity in Northeast Florida.

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