WE’RE NOT LIKE OTHER REAL ESTATE TEAMS. IT’S THE DAVIDSON DIFFERENCE.

September 25, 2020

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Every year more and more people choose a career in real estate because of its flexibility, opportunities for career growth, earning potential, and job satisfaction. In an industry where success stems from hard work and a strong network, it is essential to be a part of a brokerage that can provide the resources to take your career to the next level.

 

Since 1989, Davidson Realty has been among Northeast Florida’s top real estate brokerages. What sets Davidson Realty apart is its focus and dedication to their agents. By providing ongoing, extensive training programs, agents are continuously sharpening their skills and knowledge of industry trends. “The professional support and the continued focus on industry education is invaluable,” shares longtime Davidson Realty Agent Jennifer Todd. Both new and experienced agents receive the technical and marketing support they need from in-house mentors who share their own industry knowledge. “Davidson Realty provides expertise in every aspect of the real estate industry, from land acquisition, development, permitting, construction, and sales. There is never a time when a question comes up and I don’t have someone to reach out to for support”, Todd continues. Davidson Realty provides the tools to ensure clients receive an exceptional experience and agents reach their goals.

 

Voted the area’s #1 “Best Place to Work” by Jacksonville Business Journal, Davidson Realty understands the importance of having confidence from the team members of your brokerage. Davidson Realty is a local, family-owned organization that celebrates the success of its agents. “Davidson Realty takes pride in the family-style camaraderie we have nurtured with our agents and staff,” shares Davidson Realty President, Sherry Davidson. “That family culture coupled with our dynamic programming creates an environment where everyone helps each other. We all win, particularly our customers.”

 

Agents at Davidson Realty are drawn to the strong workplace community. Jennifer Todd, who began selling World Golf Village real estate in 2002, says there was no other real estate company she would have considered working with, and to this day she feels the same way. “The family environment at Davidson Realty is second to none. We have watched our children graduate from high school together, shared weddings, and the arrival of grandchildren. We have supported each other through family illnesses and the loss of family members. Jim Davidson even offered to sit with my son-in-law for the night shift while going through leukemia treatment. We laugh together, we cry together, and we celebrate our successes together.” Jennifer’s story is just one of many in the Davidson Realty team.

 

As families do, Davidson Realty’s team of agents love to have fun together. From outings to team-building contests, there is no shortage of excitement. An activities committee plans company-wide events that in the past have included Movie Nights, Kickball games, Bowling outings, St. Augustine Trolley Tour, and Jumbo Shrimp games. Davidson Realty and their agents also work together to continually give back to the community. Every other month, Davidson Realty’s World Golf Village office hosts a Blood Drive to benefit their community.

 

It’s clear that Davidson Realty is special. If you are interested in joining Davidson Realty’s team of real estate experts, contact Davidson Realty President, Sherry Davidson at 904-940-5000. Give yourself and your career the opportunity to thrive.

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!

Jacksonville Real Estate Trends in October – Market Rebounds After Hurrican Irma

November 29, 2017

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“Feeling gratitude and not expressing it is like wrapping a present and not giving it.” William Arthur Ward
The October market stats compiled by the Northeast Florida Association of Realtors show our local real estate market rebounded quickly after Hurricane Irma. That is very good news, but many housing experts are predicting a wave of foreclosures in February due to the storms. It is difficult to collect insurance until contractors are lined up to make repairs and many homeowners are waiting months for construction companies to get to the work. Some homeowners may just walk away.
Pending sales for October jumped 20% over last October. We are up 5% year to date. Closed sales are up 6% over last October and 1% year to date.

Our median and average sales prices are up over 10%. Out of the country’s 50 largest housing markets, 31 have returned to their levels during the last housing bubble (62 percent). Our market is getting closer to the peak pricing of 2005 and 2006. “As we compare today’s market dynamics to those of a decade ago, it’s important to remember rising prices didn’t cause the housing crash,” says realtor.com Chief Economist Danielle Hale. “It was rising prices stoked by subprime and low-documentation mortgages, as well as people looking for short-term gains – versus today’s truer market vitality – that created the environment for the crash.”

Read more

Jacksonville Real Estate Trends in July – Low Inventory & More Buyers!

August 31, 2017

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“The question should be, is it worth trying to do, not can it be done.” Allard Lowenstein

This quote really spoke to me as I watch how fast the real estate industry is changing and how we are constantly looking for new ways to thrive in this industry regardless of whether our specialty is developing communities, building homes or selling homes. We will all keep looking for better ways to meet the needs of our customers. Read more

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