New construction or existing home: 3 not-so-obvious questions

June 11, 2019

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When you move to the First Coast, you have some decisions to make. Will you move to the city, suburbs or beach? Will you choose Jacksonville, St. Augustine or another nearby town? And of course, will you look for an existing home or new construction?

 

Each of these decisions comes down to personal preference, plain and simple. It’s often said newly constructed homes cost more now but may be less costly than older homes in the long term. Beyond the numbers, there are other fairly obvious differences—aesthetics, access to amenities and good schools, appliance warranties, neighborhood, and so on.

 

Here are three important but not-so-obvious questions that may help you decide:

 

Do you want more house or more yard?

While there are certainly exceptions, many existing homes tend to be on larger lots and boast less square footage inside. The average home built in 1990 barely broke 2,000 sq. ft. while homes built today average nearly 2,700 sq. ft.

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Our Davidson team had a great month with over $9 Million in sales! Congratulations to our May TOP Producers

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May is a great month with graduations and end of school year activities and lots of summer vacation plans in the works. Even with all the busyness, real estate activity was very strong.

 

Our Davidson team had a great month with over $9 Million in sales as we continue to help 400 families this year.

 

 

Our Top Producer for the month with $1 Million in closings is Mirtha Barzaga. Mirtha loves to help customers with new construction. She is familiar with all the builders in the area and provides great value in selecting the right community and the right builder for her customers.

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April Market Stats: Florida is growing Fast!!

May 31, 2019

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The National Association of Realtors annual meeting in Washington DC just wrapped up and Dr. Lawrence Yun, chief economist at the National Association of Realtors made an interesting prediction of changing future migration patterns of buyers. “Because of significant differences in home prices between metro markets, he says there may be a steady shift in the relocation of people and companies into more affordable regions of the country. Housing affordability has been falling according to NAR’s Housing Affordability Index.” Florida Realtors

 

Another Florida Realtors article discusses the 2018 American Community Survey state-to-state migration flows. Florida had the most domestic in-movers, with 566,476 people moving from another state within the past year. The states with the next highest in-migration flows are Texas with 524,511 and California with 523,131.

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April was a great month for Northeast Florida real estate. Congratulations to our entire team!

May 10, 2019

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Our Top Producer, Top Sales and Top Lister for the month is Suzy Evans. Suzy has been a Realtor with Davidson Realty for over 10 years and puts her experience to work for each customer. She helps customers buy and sell all over the Northeast Florida area.

 

 

The Top Sales Team for the month is Lynn and Allen Whitley. A great husband/wife team that is recognized regularly for their production. They are on top of all the details and take great care of their customers.

 

 

The Top Producing Team for April is Shelley and Tim Nemethy. Another wonderful husband/wife team who love to receive referrals from their happy previous customers. They work all areas of northeast Florida wherever their customer needs them.

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The Market Continues to Show Positive Trends in 2019!!!

April 30, 2019

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The Northeast Florida Association of Realtors market stats for March 2019 shows continuing positive trends in the residential real estate market. There were 2,979 pending sales in March which is up 2% over last March. We are up 5% comparing the 1stquarter to the same period last year.

 

There were 2,459 closings in March which is down 7% from last March. The closings are up 0.4% in the first quarter over the previous year.

 

The median sales price of $229,900 is up 2% over last March and the average sales price of $267,500 is up 0.1%.

 

There were 3,908 new listings in March which is up 1% over last March. There were 9,162 homes available for sale in March which is up 4% from last March. Our months supply of inventory available stayed the same at 3.6 months.

 

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