Jacksonville Real Estate Trends in March – Home Prices & New Listings Are Up

April 25, 2018

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“One thing I can say about George… he may not be able to keep a job, but he’s not boring.” Barbara Bush

Barbara Bush was a great lady who had a great perspective on life and I will miss her.

The Northeast Florida Association of Realtors market stats for March 2018 continue to show strong buyer demand and the inventory of available homes remains tight with a 3.3 months supply. A balanced market is 5 to 6 months of supply.

This continues to cause the significant rise in prices. The median sales price is $224,118 which is up 15% over last March and 14% year to date. The average sales price of $269,415 is up 11% over last March and 12% year to date.

The builders are trying to meet the demand. The Northeast Florida Builders Association reports 1,519 building permits issued in the four county MSA in January and February 2018 compared to 1,289 for the same period last year reflecting a 17.8% increase.

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Amanda Adams transitions from healthcare to real estate at Davidson Realty

April 18, 2018

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We are happy to welcome Amanda Adams to the Davidson Realty sales team! Amanda has a background in nursing and sales.

“Throughout her career Amanda has focused on helping people, a trait that she brings to her role as a Realtor,” said Sherry Davidson, President of Davidson Realty. “We are happy to have Amanda on our team.”

A Northeast Florida native, Amanda graduated from the University of North Florida with a nursing degree. She worked at Baptist Medical Center and Mayo Clinic before moving into medical device sales.

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Tim Nemethy teams up with Shelley Nemethy at Davidson Realty

April 17, 2018

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We are pleased to announce that we recently welcomed Tim Nemethy to our growing sales team! Tim joins wife and agent Shelley Nemethy, who has been a Davidson agent since 2013, to form The Nemethy Group.

“Tim and Shelley make a superb team,” said Sherry Davidson, President of Davidson Realty. “Each has their own talents and skills, and together, they are a real asset to their customers.”

Tim earned a degree in management information systems from the University of Central Florida. He spent years in business development and sales roles, all of which provided the opportunity to hone his skills in providing solutions to customers. Tim is eager to translate his expertise to help real estate customers throughout Northeast Florida. Read more

Jacksonville named #1 real estate investment city in U.S.

March 27, 2018

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Jacksonville was recently dubbed as the best city for real estate investing in 2018. The ranking was determined by home improvement company Renoviso, which based its list primarily on two important factors: affordability and growth.

Specifically, a city’s affordability can be found using the area’s median home price and number of high-paying jobs available. A city’s growth is based on population increases and job market. Other factors considered in the ranking included rate of return on investment (capitalization rate) and potential supply and demand of rentals. Read more

Jacksonville Real Estate Trends in February – Home Prices & New Listings Are Up

March 26, 2018

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“My home is in Heaven. I’m just traveling through this world.” Billy Graham
It is hard to be sad at Billy Graham’s passing because he is finally home. He has inspired us for many years and I will miss him.
I wanted to share my thoughts on the local real estate market and the new tax law related to the housing industry.
The Northeast Florida Association of Realtors market stats for February show a very similar trend to last year. January and February historically are less active for contracts and closings with our market heating up in the spring.
Pending sales were up slightly (0.1%) from 2,356 last February to 2,358 this year. Closed sales were down 4.3% from 1,857 last February to 1,778 this year. Read more

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