CONGRATULATIONS TO OUR TOP PRODUCERS FOR SEPTEMBER AND THIRD QUARTER

October 15, 2020

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Davidson Realty ended the third quarter with another successful month of real estate transactions. Agents from Davidson Realty’s St. Augustine and Beaches offices finished the month with 31 closings totaling more than $9.7 million and 35 contracts totaling more than $9.6 million in sales. Congratulations to Davidson Realty’s Top Producers for their hard work in September and the third quarter. 

 

 

The Top Producer and Top Lister for the month of September was Mirtha Barzaga with more than $1.8 million in closings. Mirtha was also Davidson Realty’s Top Sales and Top Listing Agent for the third quarter with more than $2.5 million in listings sold and $1.7 million in buyer sales. Mirtha dedicates her time to Davidson Realty’s mentoring program to help other agents achieve success in real estate. 

 

 

Davidson Realty’s Top Sales Agent for the month of September was Suzy Evans with more than $1.8 million in sales. With more than $4.9 million in closings, Suzy was Davidson Realty’s Top Producing Agent for the third quarter. Suzy has been named one of the Top 50 Best Real Estate Agents in Northeast Florida by the Jacksonville Business Journal. 

 

 

The Nemethy Group was Davidson Realty’s Top Producing and Top Sales Team for September and the third quarter. In September, The Nemethy Group had more than $2.6 million in closings and more than $2 million in sales to round out the third quarter with more than $8.5 million in closings and $6.2 million in sales. Tim and Shelley Nemethy are ready to help guide you through the home buying and selling process to ensure a stress-free experience. 

 

 

Candy Gil was Davidson Realty’s Top Producing and Top Sales Agent for our Jacksonville Beach office last month with more than $850,000 in closings. Candy was also Jacksonville Beach Top Sales Agent for the quarter with more than $1.5 million in sales. Candy continually proves to be one of Davidson’s most valuable agents. In addition, thanks to her background as an interpreter and teacher, Candy is a superb choice for Spanish and English-speaking clients alike.

 

 

Caitlyn Hawkins was Davidson Realty’s Jacksonville Beach office third quarter Top Producer. Caitlyn had more than $1.8 million in closings and strives to help her clients sell their homes quickly. Caitlyn and her husband are having the time of their lives raising their young family here in North Florida, and love taking advantage of everything the First Coast has to offer. 

 

 

Congratulations to the entire Davidson Realty team and especially to these Top Producers! If you are interested in buying or selling a home in Northeast Florida, call one of our real estate experts today!

Real Estate Market Update

October 14, 2020

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“A hero is an ordinary individual who finds the strength to persevere and endure in spite of overwhelming obstacles.”

Christopher Reeve

 

2020 has certainly presented some overwhelming obstacles and I have seen many heroes step up to help others. Many generous people are supporting our Davidson Cares Clay Day on October 29th and the charities are so grateful. You can still register to shoot or buy raffle tickets at DavidsonCares.com.

 

The Northeast Florida Association of Realtors market stats for September show continued strong demand for homes in Northeast Florida. There were 3,307 pending sales in September 2020 which is 36% more than the 2,436 in September 2019. We are up 9% year-to-date over the same period last year.

 

The inventory of homes for sale of 5,869 is down 39% from last September. This is the lowest level of inventory we have seen in this market. During the 2003 to 2005 timeframe when inventory was very low, there were still around 7,000 homes on the market.

 

The month’s supply of inventory is at 2.0 months. A balanced market is 5 to 6 months of inventory.

 

The median sales price is up 8% and the average sales price is up 10% year-to-date due to the increased demand and low supply.

 

Dr. Brad O’Coonor, the Florida Realtors Chief Economist provided some insight at the recent Florida Realtors convention. “The pace of residential building is still behind last cycle’s highs, and while building has continued through the pandemic as construction was deemed an essential occupation, costs of materials and labor have increased. Safety protocols for workers, some disruption in supply chains, and increased demand for materials all have translated into cost increases. Coupled with some uncertainty in lending, relief on the supply side is not coming from new construction.  For existing homes, the tap is dwindling to a dribble as current homeowners are living in their homes for an average of 10 years compared to only seven during the early 2000s. Uncertainty in the economy is also prompting people who can to stay put. That said, demand continues to be strong, as those who were sitting on the sidelines are feeling the pull to jump into a home for the first time or finally trade up, fueled in large part by record-low interest rates and the desire to upgrade to more “pandemic friendly” homes and locations. This all leads to an imbalanced market with demand outstripping supply, particularly in the single-family home category.”

 

It is a great time to sell your home! If we can be of any assistance in understanding the market or the value of your home, please let us know.

 

Enjoy the baseball playoffs and all the other great sports. Go Braves!

Showing They Care – Riverside Homes Supports Davidson Cares Clay Day

October 9, 2020

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In 2016, Davidson Realty President, Sherry Davidson decided to put together a clay shoot fundraiser to support worthy causes. “I had no idea if anyone would want to be a sponsor,” Sherry said. “My first call was to Chris Wood (co-owner of Riverside Homes). He supported us with the largest sponsorship and has continued to generously do so every year since!”

 

The relationship between Davidson Realty and Riverside Homes is longstanding and built on a foundation of mutual respect. Davidson Realty and Riverside Homes often collaborate on projects and have enjoyed developing a strong relationship.

 

From lunch and learn opportunities to wine and appetizer events, Riverside Homes regularly invites Davidson Realty agents to their model homes throughout Northeast Florida to share information about new developments and floor plan designs. Riverside Homes is always a gracious host that, simply, does things right! Recently, Riverside Homes and Davidson Realty teamed up to create a series of videos to highlight the features and amenities of one of the newest communities in St. Johns County, SilverLeaf.

 

Riverside Homes is a locally-owned and award-winning home builder in Jacksonville, Florida with over 15 years of new home building experience including the 2019 Southern Living Idea House in Amelia Island, FL. Riverside Homes builds in amazing neighborhoods and provides designs that fit the way today’s families live. Every component of a Riverside Home is carefully crafted to ensure quality and value. Riverside Homes is currently building in St. Augustine, Ponte Vedra, Amelia Island, Fernandina Beach, St. Johns, Yulee, and Fleming Island.

 

“Riverside Homes is special. Chris Wood and Matt Roberts (owners of Riverside Homes) are genuine, caring, and filled with integrity. They are amazing people to do business with. What truly amazes me about this team is the respect and relationships they have with other builders who are their competitors,” Sherry continues.

 

Over the past four years, Davidson Cares Clay Day has raised more than $220,185 to support charities in need because of generous sponsors like Riverside Homes. To learn more about Riverside Homes visit their website at www.myriversidehome.com or call 904-530-4720.

 

Davidson Cares Clay Day

 

All are invited to attend the 5th Annual Davidson Cares Clay Day on October 29, 2020, at Jacksonville Clay Target Sports. Davidson Cares Clay Day will include two sport shooting events, beginner skeet, and sporting clay. Individuals and teams from beginner to expert levels are invited to participate. Come enjoy a safe shooting experience with no group gatherings!

 

In association with the event, there will also be a raffle contest. Prizes include a 65-quart YETI cooler with 13 full-size liquors.

 

Money raised from the event and raffles will go directly to Builders Care, St. Augustine Youth Services (SAYS), and Investing in Kids (INK!) in equal sums.

 

Please help us support these organizations that are so important to our community by participating in Clay Day and purchasing raffle tickets! Visit DavidsonCares.com for more information.

 

Real Estate Market Update

September 17, 2020

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“Nobody made a greater mistake than he who did nothing because he could do only a little.”

Edmund Burke

 

The big real estate story across the nation and locally is the shortage of available homes for sale. There were 6,403 homes for sale at the end of August according to the Northeast Florida Association of Realtors (NEFAR) market stats. That is 35% less than August 2019 number of 9,874 for a reduction of 3,471 properties. We have 799 fewer properties than last month.

 

There is a 2.3 months supply of inventory available in Northeast Florida which is down 38% from August 2019 when there was a 3.7 months supply. A five to six month supply is considered a balanced market.

 

The inventory is down even with building permits rising. Building permits in the Jacksonville MSA are up about 6% year to date over the previous year even with COVID 19 slowing the process down. There were 7,823 permits issued through the eight months ending August. Most of the builders are selling their speculative homes before construction is finished.

 

The new listings in August 2020 from the NEFAR report are 3,441 homes. This is 4% fewer new listings than August 2019 and we are down 5% year to date. As new listings become available, they are going under contract quickly and many times with multiple offers.

 

There is a strong demand for homes in our market now. In addition to local buyers that want more space for working from home, schooling virtually, or more outdoor space, we have many people moving from other states. Some employers are allowing employees to work from home permanently or at least until mid-2021 and that allows employees to relocate to areas with better weather, more space, and lower taxes.

 

The strong demand and short supply of homes continues to drive prices higher. The median and average sales prices are up 8% and 9% respectively year-to-date. It also creates the perfect time to sell your home. If you are dreaming of a new or different home, please let us know and we can give you the guidance you need to make a good decision.

 

Davidson Cares is not making the mistake of doing nothing as mentioned in the quote. We have found a safe way with individual shoot times and no group gatherings to have our 5th Annual Davidson Cares Clay Day on October 29th. We would love for you to participate and support St. Augustine Youth Services, Investing in Kids and Builders Care with a donation, sponsorship, or as a shooter. Please go to DavidsonCares.com to get all of the information.

 

It is so nice to have sports back. I hope your favorite team has a great year. Thank you for your continued support of Davidson Realty, Davidson Property Management, and Davidson Cares!

A Quick Market Update

August 20, 2020

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“You cannot shake hands with a clenched fist.”

Indira Gandhi

 

We are not supposed to shake hands while we are social distancing, but it still makes my heart happy when someone looks me in the eye and shakes my hand with both of theirs. I can feel the love and respect.

 

The Northeast Florida Association of Realtors market stats for July indicate it is a great time to sell your home. With record-low mortgage rates and low inventory of homes listed for sale, the homes coming on the market are going under contract very quickly.

 

There were 3,598 contracts written in July which is an increase of 21% over last July. We are up 4% year-to-date.

 

There were 3,514 closings in July which is an increase of 16% over last July. We are down slightly (1%) year-to-date but catching up quickly. Closings were less than the previous year in April and May but rebounded in June and continued to increase in July.

 

The median sales price of $265,000 is up 10% over last July. The average sales price of $325,665 is up 15% over last July. Both prices are up 8% year-to-date. It is very clear that we are not seeing decreased pricing because of COVID.

 

The inventory of homes for sale is 6,943 which is down 30% from last July. This is the lowest number of homes for sale since mid-2005. For perspective during 2007 in the great recession, we had approximately 20,000 homes for sale.

 

We have 2.5 months supply of inventory available. A balanced market is 5 to 6 months of inventory. Inventory is low even with increased permits being pulled by the local builders. There are 6,608 building permits in the Jacksonville MSA through July 2020 compared to 6,208 year-to-date in 2019.

 

We are seeing increased contracts, closings and prices while experiencing a low number of homes available for sale. All add up to a terrific time to sell your home.

 

Mark your calendar for our annual Davidson Cares Clay Day on October 29th. We have worked out a very safe way for everyone to shoot with no group gatherings. We will be supporting Builders Care, Investing in Kids! and St. Augustine Youth Services again. Please email me at sdavidson@davidsonrealtyinc.com if you would like to participate.

 

Stay safe and as always thank you for your support and referrals!

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