Davidson Realty features affordable St. Johns County homes for first-time buyers

January 31, 2019

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According to a recent story in the St. Augustine Record, millennial buyers are having a tough time finding homes in St. Johns County due to price. As reported, Northeast Florida Association of Realtors (NEFAR) “puts the median sales price in 2018 at $325,000” for the county.

 

This leaves many homes out of reach for some younger buyers looking to put down roots in St. Johns County. With superb schools, close proximity to Jacksonville and high quality of life, St. Johns County continues to top lists of great places to live.

 

While millennials (those born between 1980 and 1995) may feel priced out of the market, there are lots of hidden gems throughout the county that are perfect starter homes for first-time buyers.

 

Here are 20 great St. Johns County home options $230,000 and below, all located in the county’s most sought-after zip codes including 32084, 32095, 32092 and 32082.

 

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Davidson agent Jeanne Denton-Scheck installed as NEFAR President

January 18, 2019

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Congratulations to our very own Jeanne Denton-Scheck, who was just installed as President of Northeast Florida Association of Realtors (NEFAR). Jeanne is a long-time Realtor who joined Davidson in 2016.

 

In her new role, Jeanne aims to involve more agents in the organization, specifically NEFAR’s younger professionals. She is also focused on encouraging members to take advantage of educational resources and courses (free to members). Jeanne spent 10 years teaching school before pursuing real estate and finds continuing education has been vital to her own growth—even after more than 20 years in the industry.

 

 

Her focus on continuing education and her extensive experience make Jeanne a great asset to NEFAR.

 

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Jacksonville Real Estate Trends in November continue to show positive trends!

December 20, 2018

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The Northeast Florida Association of Realtors market stats for November 2018 are still showing positive trends. New listings are up 11% year to date which will hopefully give more choices to our potential buyers. The inventory of homes for sale of 9,132 is up over last November but lower than the last 5 months.

The months supply of homes for sale is 3.6 months. A balanced market between buyers and sellers is 5 to 6 months supply.

 

There were 2,191 pending sales in November which is up slightly over last November. Pending sales are up 5% year to date. There were 2,173 closings in November which is down slightly from last November. Closings are up year to date by 3%.

 

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Jacksonville Real Estate Trends in October continue to show positive trends!

November 26, 2018

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The Northeast Florida Association of Realtors market stats for October continues to show positive trends. New listings are up 11% year to date, which is a good sign. We have had 35,694 new listings in 2018, 26,330 contracts written and 25,085 closings. Even with the increase in new listings, the inventory of homes for sale dropped to 9,238 from 9,469 last month.

 

We have 3.6 months supply of inventory. A balanced market is 5 to 6 months, so the inventory of homes available is still low until you reach the $500,000 and up price range.

 

The median sales price of $211,900 is up 9% year to date over the same period last year. The average sales price of $263,043 is up 8% year to date. The days on market until sale is 58 days which is down 11% year to date compared to the same period last year.

 

Every item being monitored is still positive. Sales and closings are up year to date, prices are up, and days a home is on the market is down.

 

I am also thankful to see Sean Snaith’s positive comments about the Florida economy and housing market. He is a very respected economist at the University of Central Florida. In his October 2018 Florida forecast, he said, “The fundamental underpinnings of the housing market in Florida continue to strengthen. Economic and job growth in Florida are forecasted to continue to outperform the U. S. labor market. As more Baby Boomers continue to reach the end of their working lives, this bodes well for continued population growth via the in-migration of retirees, not to mention job seekers coming to Florida. The population of Florida is also growing naturally, as birth rates exceed death rates.”

 

He predicts Real Gross State Product (RGSP) will expand 3.5% in 2018 and 4.3% in 2019 before growth eases to 3.7% in 2020 and then 2.7% in 2021.

September 2018 Continues to be Positive Despite Many National Reports

October 30, 2018

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As we are getting closer to Thanksgiving, I want to express my gratitude for your friendship and support. I especially want to thank everyone who supported our 2018 Davidson Cares Clay Day. Because of you, the shoot raised over $52,000 which, with some matching funds, will contribute more than $100,000 to St. Augustine Youth Services and Investing in Kids. This is a substantial increase from the results of our 2017 shoot.

 

The Northeast Florida Association of Realtors market stats for September 2018 continue to be positive despite many national reports of the housing market shifting from a seller’s market to a more balanced market. Most articles I read about the national real estate market discuss days on market increasing and home sales declining.

 

An article by Florida Realtors says the median time for a home to go to contract remained stable at 38 days for single-family homes showing the continued strength of the state’s housing market. It is interesting to note that the statewide median sales price for single-family existing homes was $251,610 in September and the National Association of Realtors national median sales price for existing single-family homes was $596,410 in August. It looks like some of the markets around the country might be a little overheated after rapid price increases and need an adjustment.

 

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