“Those who say it cannot be done should not interrupt the person doing it.” Chinese Proverb
I thought I would start 2012 by sharing my favorite quote and an optimistic attitude that we will continue to see stabilization and improvement in the real estate market. The main reason I predict continued improvement is the tightening of inventory.
The numbers are drastic enough to tell the story. At the end of 2010 there were 14,510 active properties for sale compared to 9,902 properties available at the end of 2011. That is a 32% decline in inventory. The “months supply of inventory” dropped from 10.6 months supply at the end of 2010 to 6.7 months supply at the end of 2011. A 5 to 6 months supply indicates a balanced market. The inventory declined the most (45%) in the under $150,000 price range but declined by 41% in the $500,000 to $999,999 price range.
A more practical example of the decline in inventory is how often my agents tell me stories about a customer liking a home and calling back a few days later to move forward with a purchase only to find out the home is under contract. (more…)
We are extremely excited to get the 4th Quarter of the Davidson Appreciates Teachers campaign under way! And, this time we are showing appreciation for our resource teachers at Wards Creek Elementary and Mill Creek Elementary Schools. We hope parents, students, teachers and staff will jump at the chance to show these special teachers how much they are needed and appreciated.
Starting Monday, January 30th through February 13th we will be collecting nominations for all the resource teachers including PE, Guidance Counselors, Art, Media Specialists, Music, Computer and Spanish. Our top-ranked St. Johns County school system has some of the best resource teachers in the state of Florida and we want to make sure they get the recognition they deserve. All you need to do is email Peyton at PDavidson@DavidsonRealtyInc.Com or give her a call at (904) 940-5000 and let her know who you would like to nominate. Tell us why you think your favorite Wards Creek Elementary or Mill Creek Elementary resource teacher deserves to be recognized. Voting will kick off on the Davidson Realty Facebook Page on February 15th and go until March 15th. Your winner will be announced on March 20th right before Spring Break!
Did you know the distribution and redemption of coupons reached record levels in 2011? It’s no surprise when coupons save shoppers major money. And you don’t have to go to Extreme Couponing fervor to reap the benefits. To save money in 2012, don’t miss the free Davidson Speaker Series seminar Couponing 101 & More on January 26, 2012 at 7:00 pm. Amy Pomar of Jacksonville’s The Coupon Group will teach the ins and outs of using coupons, tips for planning shopping trips to save the most money, online tools for saving money on purchases and more. The seminar is part of our Davidson Speaker Series which presents a new topic each month at the Davidson Realty office in World Golf Village. The seminars are free and open to all Jacksonville and St. Augustine neighbors. (more…)
Comments Off
“Something I learned early in college is to not worry about what I can’t control…But what I can control is my attitude, my effort, my focus every single day and that’s what I’m trying to worry about.” Tim Tebow
We certainly can’t control the real estate market but we can control how we respond to the changes in trends. Fortunately, the Northeast Florida Association of Realtors market stats for November show continued improvement in almost all measured areas. The inventory continues to decrease. The number of properties available in the Multiple Listing Service in active status at the end of the month dropped 31% from November 2010 to November 2011. There were 15,498 properties available last year and 10,722 available this year. The number of available properties has dropped every month this year.
The months supply of inventory at 7.4 months is 35 percent less than November 2010 when we had 11.4 months of inventory. The price range with the largest percentage decrease is the $500,000-$999,999 with a 45% decrease. The months supply for this price range went from 28 months to 15 months. (more…)
Comments Off
One of the most popular perks of working at Davidson Realty is weekly visits from the wine fairy. For over a year now , we have been celebrating a hard week’s work with a Friday delivery of wine by the Davidson Realty “wine fairy” for our thirsty Realtors and staff. Now, we are inviting our industry friends to come and join the party! From builders to bankers and attorneys to quality vendors, you can explain your services to our St. Augustine Realtors over a glass of wine on a Friday afternoon which definitely makes us all listen attentively.
Last week, Ross Fanti with Southern Lifestyle Homes was our guest, and this week we are looking forward to Brent R. Newton, Esquire from Newton & Newton, PA. We’re also excited to have Troy Silhan with the Bank of England and Brian Paul with Mattamy Homes. Dream Finders Homes were the first to come in and spoil us! Thank you to everyone who has participated!
If you would like to reserve a date to come out and share information about your company or services with us, please call Peyton at 904-940-5000 or PDavidson@DavidsonRealtyInc.Com.
Follow Us Online