January 7, 2010

Davidson Realty Announces Top Real Estate Agents

DRI Tops Pic This 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…)

Tagged with certified distressed property expert, Davidson Realty, homes in Northeast Florida, Jock Ochiltree, Lyn Sappington, Pauline Cake, Suzy Evans, The Neighborhoods of World Golf Village, top real estate agent

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December 1, 2009

Update on Market Trends for October 2009

Posted by Sherry Davidson in News

After reviewing the Northeast Florida Association of Realtors October Market Stats, I continue to see real estate in Jacksonville, FL stabilizing.

The pending sales in October are up 79% over last year, but that is misleading unless you put into context what the market was like last October. If you remember, the country was experiencing a financial market meltdown. The pending sales are good and improving every month. August pending sales were 1, 479, September was 1,535 and October was 1,729. That is a terrific trend.

The prices of homes in Northeast Florida seem to be stabilizing. The median sales price for August, September, and October were $149,900, $145,000, and $146,000. The average prices for the same months were $179,411, $175,108 and $179,205. The year to date average sales price is down about 20% from last year. (more…)

Tagged with homes in Northeast Florida, homes in st augustine, Jacksonville real estate, NEFAR stats, real estate market trends, Sherry Davidson

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October 12, 2009

$8,000 First Time Home Buyer Tax Credit Ends November 30th

Posted by Sherry Davidson in News

I was surprised to hear recently how many people looking at homes in Northeast Florida have not heard about the $8,000 tax credit for first-time homebuyers. I guess since I eat, sleep and breathe real estate, I assume other people understand what a great deal this tax credit really is.

The tax credit is similar to the Cash for Clunkers program for the car industry except instead of a $4,500 trade-in allowance, you will pay $8,000 less in taxes to the IRS or get an $8,000 federal income tax refund if you do not owe any income tax.

The $8,000 tax credit is available to anyone buying their fist home or anyone that hasn’t owned a home in three years. To qualify for the credit, you have to close on your new home by November 30, 2009. There is talk in Congress of extending the credit into 2010; however, until Congress passes new legislation, no one knows if it will be extended. (more…)

Tagged with $8000 tax credit, Davidson Realty, home buyer tax credit extension, homes in Northeast Florida