April 2020 Northeast Florida Market Stats: How is COVID-19 Impacting our Market.

May 22, 2020

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Posted by in News

The market stats for April 2020 from the Northeast Florida Association of Realtors show new listings of 3,107 are down 22% compared to April 2019. Pending sales of 2,339 are down 27% and 2,334 closings are down 23%. The sales price is up over last April and the last several months. The median price of $250,000 is up 11% and the average sales price of $298,438 is up 8%.

 

According to the Florida Realtors Chief Economist Dr. Brad O’Connor, “drops in both new pending sales and new listings indicate that both demand and supply are in decline, at least in the short run.” This seems to be causing sales prices to be more stable.

 

The graph below is a great depiction of showings through ShowingTime. It compares the change from the first week of 2020 which is the line at 0%. As you can see on March 11, the 2020 showings were slightly above 2019. The showings immediately dropped to 49% of the first week while the 2019 showings had been 39% higher than the first week for a difference of 88%. However, on May 12th the 2020 showings were up 11% and the 2019 showings were up 31% for a difference of only 20%. I just wanted you to visually see how showings dropped when the stay at home orders first started and the number of showings has recovered dramatically. The customers out right now are serious buyers.

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Playing 20 Questions: Davidson Realty Agent Spotlight with Ron Savarese.

May 18, 2020

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Here at Davidson Realty we thought it would be neat to give you an inside view like no other to our fabulous team.  In this fun agent spotlight blog series we will be Playing 20 Questions where we get up close and personal with our agents.  Today we are featuring agent Ron Savarese

 

 

1.) In three sentences or less tell us a little bit about yourself.

I am originally from Greenlawn, New York.  Been all over and relocated here to the World Golf Village area of Florida with my beautiful bride of 37 years Gail for the glorious weather.  I am proud to have served my country as United States Army Vietnam Veteran.  Also I was an elementary school teacher before changing careers and moving into the automotive sales industry for over 30 years before retiring.

 

 

2.) What do you like best about living here in Northeast Florida (can be specific area, i.e. WGV, Jax Beach, PVB, etc.)?

Access to historical St Augustine, great restaurants and food stores for shopping.  Top notch Medical facilities

 

3.) What is your favorite indoor or outdoor activity?

Cooking, reading & gardening

 

4.) If you could learn to do anything, what would it be?

Fly, like a pilot!

 

5.) What advice do you have for anyone looking to sell or buy right now?

Make sure you find an experienced Realtor to assist you – too many things can go wrong.

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Congratulations to our TOP Producing Agents in April!

May 7, 2020

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I would like to congratulate everyone on our team for working together to safely help our customers with their real estate needs in new innovative ways. April was an interesting month to say the least.

 

The Top Producer for April with the most closings is Lynn Whitley. Lynn helped two families sell their home and one family purchase a new home all while dealing with all the safety procedures of a pandemic. Lynn is an experienced professional that found ways to get everything handled.

 

 

 

 

The Top Sales Agent is Ron Savarese who helped his buyers work through contracts with two local builders. Ron knows the entire first coast market and sold one home in St. Augustine and one in the northern part of Jacksonville.

 

 

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March 2020 Northeast Florida Market Stats: How is COVID-19 Impacting our Market.

April 23, 2020

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Posted by in News

I want to share the latest market stats from the Northeast Florida Association of Realtors and the thoughts of other Realtors and Builders on how the COVID-19 Pandemic is impacting our market.

 

The March 2020 market stats are surprisingly still positive because so many of the listings and sales were already in the works when we began seeing impacts from the virus in mid-March. There were 3,976 new listings compared to 3,963 last March for a 0.3% increase.

 

There were 2,832 pending sales down 5.9% from 3,010 last March as we began to see less buyers out in the last half of the month. There were 2,672 closed sales which is an increase of 2.1% over 2,617 last March. It seems most people under contract were able to close in March. We only lost a couple of transactions that were to close at the end of March.

 

We haven’t seen any impact on prices from the Pandemic yet. The median sales price of $243,635 was up 5.9% over last March and the average sales price of $287,210 was up 6.7%.

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Congratulations to the Top Producing Agents for March & the 1st Quarter of 2020.

April 9, 2020

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I would like to congratulate our team for a great month of March and a great quarter. Our Top agents deserve special recognition.

 

Suzy Evans is our Top Producer for March with $2.3 Million in closings for the month. Suzy uses technology and her negotiation skills to set herself apart. She works tirelessly to help her customers achieve their goals.

 

 

Lynn Whitley is our Top Sales agent for March. Lynn has been in real estate for over 20 years and is always learning more. She is a Broker Associate and has many designations. Lynn’s customers appreciate the time she spends with them making them very comfortable with the sales process.

 

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