February 22, 2010

January NEFAR Market Statistics May Surprise You!

Posted by Sherry Davidson in News

Sherry DavidsonIf you have been reading my market analysis for the last few months, you probably think you can skip this one because I have been saying the same thing over and over. Well this month brings a few surprises.

My first surprise is that closed sales for January 2010 were about 40% less than December 2009. There were 1,316 closings in November, 1,365 in December and 834 in January.

This looks like very negative news, but I believe the reason for the decline in closings was mainly due to short sales. We saw lenders approving and closing short sales in December to get them closed by year end. Maybe the holidays were also a factor, but we did not see any short sales making it through the process in January. (more…)

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January 25, 2010

NEFAR Market Stats for December Show Low Interest Rates and Incredible Housing Values

Posted by Sherry Davidson in Distressed Properties, Foreclosures, Short Sales

I have to admit I am not sorry that 2010 has arrived and 2009 is behind us. I do believe the worst is over for real estate in St. Augustine, FL.

The Northeast Florida Association of Realtors market statistics show we had more closings and pending sales in 2009 than in 2008. We had 14% more closings with a total of 14,381 and 25% more pending sales for the year with 15,836.

The prices continued to drop during 2009. The median price for the year 2009 was down 15%. The average price for 2009 was down 19%. The December average and median price did drop slightly from the November numbers, but I still say the prices are stabilizing in our homes in St. Augustine.

I looked at the data for the 32092 zip code which includes World Golf Village and the surrounding communities. The activity for 2008 and 2009 was about the same. There were 596 transactions for 2009.The average price for homes in the 32092 zip code was $233,370 which was approximately a 16% decrease from 2008. There has been about a 30% decrease in average sales price since the peak of the market in 2006. (more…)

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January 7, 2010

Davidson Realty Announces Top Real Estate Agents

Posted by Alayna Oram in Awards, News

DRI Tops PicThis month, we get to recognize our top real estate agents for December…and for the 4th quarter of 2009 - not to mention a special recognition for our top employee of the quarter – Cindy Vaughn (far right) - too!

For December, Lyn Sappington (4th from left) took top sales honors with $1.6 million in transactions for the month. Lyn is known for selling homes throughout Northeast Florida – from Amelia to Palm Coast. Jock Ochitree (not pictured) was our top producer with $1.4 million in closings. His specialty is homes in golf course communities. Pauline Cake (far left with real estate partner/husband Woody Cake) – who specializes in selling The Neighborhoods of World Golf Village - won top lister with just under $400,000 in listings sold. An honorable mention goes to Mirtha Barzaga, who had seven transactions during the month! (more…)

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November 25, 2009

Free Webinar Series: Avoiding Foreclosure, Starts December 1st

Posted by Caryn Best in Distressed Properties, Events, Foreclosures, Short Sales, Webinars

9 Ways to Avoid Foreclosure

Don’t miss the encore presentation of our free, educational webinar series titled “Avoiding Foreclosure” in December. The online webinar series offers the following presentations for homeowners in distressed situations:

Dec. 1, 2009 at 10 a.m. EST: “Why You Should Avoid Foreclosure”
Register at https://www1.gotomeeting.com/register/859811800
Sherry Davidson, President of Davidson Realty, Inc., will lead a discussion with Mirtha Barzaga, an agent with Davidson Realty and Kevin Koscinski, a mortgage loan officer with Bank of America. Barzaga will share information about how she has helped northeast Florida homeowners to avoid foreclosure, as well as how she educates them on the impact a foreclosure would have on their jobs or security clearance. Koscinski will share his experience about impacts to credit score.

Dec. 10, 2009 at 10 a.m. EST: “How to Avoid Foreclosure”
Register at: https://www1.gotomeeting.com/register/584635016
Sherry Davidson, President of Davidson Realty, Inc., Suzy Evans, an agent with Davidson Realty, Inc. and Damien Blumstein of Dolphin Mortgage will (more…)

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November 12, 2009

Beverly Morse is Davidson Realty’s featured agent

Posted by Peyton Davidson in News

Beverly Morse“I would recommend you to all sellers and purchasers…”

Those are words that every Realtor dreams to hear and it isn’t the first time that Davidson Realty agent, Beverly Morse, has heard them. That quote comes directly from a letter written by one of Beverly’s clients after she sold their house in two weeks.

Beverly’s fascination with beautiful homes and decorating drew her into real estate. She also believes her past career led her to where she is today. She says she has been in service related jobs her entire career, so it seemed natural to combine working with people and helping them find the ideal house for their family.  (more…)

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