July 27, 2010

Jacksonville FL Real Estate Trends in June

Posted by Sherry Davidson in News

DSC_0326The market stats report from the Northeast Florida Association of Realtors (NEFAR) for June 2010 continues to show encouraging trends for Jacksonville Realtors and homebuyers. My favorite trends seen in June are:

PENDING SALES: Pending sales are up in June 2010 by 20% over June 2009 and by 46% over June 2008. Many people expected pending sales to drop dramatically when the housing credits ended in April. The pending sales did decline about 28% in May, but they increased in June about 15% over the May numbers.

CLOSINGS: The closings reported year-to-date through June 2010 are 8,161 compared to year-to-date numbers through June 2009 of 6,377 closings.

SALES PRICE: The median sales price has increased from $135,250 in April to $139,995 in May to $143,090 in June 2010. We are still seeing most of the sales in the lower price ranges but there seems to be stability in the homes priced under $250,000.

DOM: The days a home is on the market before selling has averaged 102 days throughout 2010 compared to an average of 112 days through June 2009. (more…)

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July 7, 2010

Congrats to our Top Agents in June & the 2nd Quarter!

Posted by Peyton Davidson in Top Agents

This month we are full of congratulations, celebrating our Top Agents for June, our Top Agents for the 2nd Quarter, AND our 2 staff members that deserve more than a little recognition! Before we get into all that though, we need to give a BIG congrats to all of our Jacksonville realtors for making 26 transactions with over $5 million in sales for June and almost $5 million in closings! For the 2nd Quarter, WE HAD 85 TRANSACTIONS with over $17 million in sales and almost $13 million in closings! Now, that is OUR agents standing out from the crowd!

Ana SpezialeOur Top Lister for June is Ana Speziale with close to $500,000 in listings sold! She almost hit $900,000 in volume including her sales for the month. Hurricane Ana is taking over!dottie

Our Top Producer and Top Sales Agent in June is Dottie Lay with over $700,000 in closings and over $900,000 in sales. Dottie was our Top Sales Agent in May and is ALSO our Top Sales Agent for the 2nd Quarter with over $2.6 million in sales and listings sold. Congratulations on a GREAT quarter, Dottie!

suzyFor our 2nd Quarter, our Top Producer and Top Lister is Suzy Evans! Suzy had over $2 million in closings, over $1 million in listings sold, and when you add her sales she reached over $1.4 million! Suzy isn’t giving up that crown any time soon – she was our Top Lister for our 4th Quarter last year AND our 1st Quarter this year!DSC_0281

We want to give Michelle Gonzalez a special nod for being our Agent of the Quarter with 10 transactions totaling over $1.2 million and 6 closings of over $600,000.

Property Mgt TeamAnd, last but not least, our staff members of the quarter are John & Elsie Evans of Davidson Property Management, Inc. They are Property Managers extraordinaire! They have the smoothest running, fastest growing property management company around and we LOVE having them as a part of our family.

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June 30, 2010

5 Things to Know About Davidson Realty

Posted by Caryn Best in Awards, News

DSC_0137Pardon our cheering but sometimes you just have to grab the bullhorn and get the word out!  Check out these 5 things to know about our Jacksonville FL real estate company and you’ll understand our enthusiasm.  Don’t get us wrong, things could definitely be better for the real estate market, but we are proud of the following:

1. In the past 12 months, our Agent staff has doubled.
2. We continue to be the biggest lister in World Golf Village, and now we’re the top lister in Palencia too. 
3. Our reach has expanded beyond St. Johns County and St. Augustine to include Jacksonville Beach, Ponte Vedra and even Flagler County.
4. According to the Jacksonville Business Journal, Davidson Realty is now among the top 10 real estate agencies in the area.
5. Most of our Agents now hold CDPE (Certified Distressed Property Expert) designations, so they can shrewdly advise clients on the ins and outs of today’s market, including short sales and foreclosures.

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June 9, 2010

Updates on Short Sales from the CDPE Momentum Convention

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

untitledAt the end of May, I was fortunate to go on a road trip with Davidson Realty’s Short Sale Coordinator Cindy Vaughn to Tempe, AZ to attend the Certified Distressed Property Expert (CDPE) seminar. We had a great time and learned a lot. There were many great speakers and I wanted to share some of the comments I found most interesting.

Rick Sharga from Realty Trac Inc. talked about three waves of foreclosures. The first wave of foreclosures occurred when employment was strong and the economy was growing. These foreclosures were caused by the sub-prime loans. The second wave of foreclosures was caused by unemployment. They estimate that there is 1 foreclosure for every 6 to 10 jobs lost. The third wave of foreclosures is mainly due to Option Arm loans resetting. Many people will see payments rise by $1,000 to $1,500 per month. The resetting Option Arms will peak in 2011.

Matt Vernon from Bank of America spoke about improvements to the short sale process using a new technology called Equator. Just to give you an idea of their volume of short sales, in March 67,000 short sales were initiated and 64,000 decisions were made. They have made major improvements in the time frame for approvals; however, Matt pointed out that only about 10% of the loans are owned by Bank of America. Most of the approvals have to be made by an investor and some investors respond more timely than others. (more…)

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May 25, 2010

Top 3 Jacksonville FL Real Estate Market Trends in April

Posted by Sherry Davidson in News

My top three trends from the Northeast Florida Association of Realtors (NEFAR) Market Stats for April 2010 are:

1. The lender mediated sales for April which is the foreclosures and short sales were 44.4% of total April closings. This is down from over 50% of closings in January 2010.
2. The Year to Date closings for St. Augustine FL homes and Jacksonville FL homes from January to April 2010 are 4,908 which is 31.5% more than January to April 2009 when there were 3,731 closings.
3. There were 2,206 pending sales in April, 2010 which is 66.4% more sales than April, 2009 when there were 1,326.

The real estate trends in the St. Augustine and Jacksonville area continue to show signs of a slow recovery.

For more information or to talk to a knowledgeable Jacksonville or St. Augustine realtor please call (904) 940-5000.

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