The Northeast Florida Association of Realtors market stats for January also show very positive trends!

February 25, 2020

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The recent Florida Realtors Real Estate Trends summit had great speakers including Dr. Sean Snaith, director of the University of Central Florida’s Institute for Economic Forecasting. Dr. Snaith said, “We’re in the 11th year of the U.S. economic recovery – the longest economic recovery in U.S. history – and there are no indications that’s going to end any time soon.”

 

“Florida’s economy is doing even better than the national economy as a whole and it has been since 2012. Our unemployment rate is down to 3.3%. Florida’s GDP (Gross Domestic Product) continues to grow faster than the U.S.’s GDP, and our job growth rate is almost twice the national rate. Florida’s population growth is solid – the birth rates are better than the death rates, so we’re making new residents faster than we’re losing them.”

 

Another great speaker was Florida Realtors Chief Economist, Dr. Brad O’Connor. He agreed with Dr. Snaith and said he anticipates a robust outlook for the state’s housing market. He said, “Overall, I think we can expect to see a similar amount of price appreciation over the coming year, at about 4%, and I think we’ll see a similar amount of growth in closed sales for 2020 at about 4%.”

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Congratulations to the top producing agents at Davidson Realty for January 2020.

February 6, 2020

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Mirtha Barzaga is the Top Producer with 5 closings in January. She is also our Top Sales Agent with 6 sales totaling $2.5 Million in sales for the month. Mirtha is following up a great year in 2019 where she was Top Producer and Top Sales for the year. She also received The President’s Award for 2019.

 

 

 

The Top Lister for January is Suzy Evans. Suzy had over $1.2 Million of her listings go under contract during January. Her total sales for the month were $1.8 Million. Suzy also had a wonderful 2019 and she was our Top Listing Agent of the year.

 

 

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All signs point to a great year for real estate in Northeast Florida in 2020!

January 27, 2020

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All signs point to a great year for real estate in Northeast Florida in 2020. The Northeast Florida Association of Realtors market stats for December 2019 show sales, closings and prices are up for the month and year. The supply of homes on the market continues to drop.

 

 

Year over year numbers are:                     2018             2019           Change   

Pending sales                                            30,244           32,466          +7.3%
Closed sales                                              30,253           31,881          +5.4%
Median sales price                                $222,000       $233,990        +5.4%
Inventory of homes for sale                        9,181             7,602          -17.2%
Months supply of homes for sale                 3.6                 2.8            -22.2%

 

 

A study by ShowingTime indicates that buyer traffic has increased in all four major regions of the U.S. The South region saw the biggest uptick with 10.8% year-over-year increase in October. We are seeing increased buyer activity in Northeast Florida.

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Congratulations to our Tops for the month of December and the 4th quarter of 2019!

January 10, 2020

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The December Top Producer and December and 4th quarter Top Sales and Top Lister is Mirtha Barzaga. Mirtha finished the year strong with $4.4 Million is sales for the 4th quarter. Congratulations to Mirtha also for the toys and food she collected for the Emergency Services and Homeless Coalition of St. Johns County at her two events.

 

 

The Top Producer for the 4th quarter is Suzy Evans. Suzy finished the quarter with $3.6 Million in closings. Suzy provides great value to her customers with her in-depth knowledge of the communities in the first coast and her over 12 year background in the mortgage industry.

 

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Seven reasons homebuyers love Northeast Florida

January 8, 2020

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Posted by in News

People give all kinds of reasons for moving to Florida from the great weather and beautiful beaches to job opportunities and abundant golfing.

 

But I like to dig a little deeper and let buyers know why Northeast Florida specifically is hands-down the best place to live in the Sunshine State.

 

 1.) Our price points are excellent by comparison. The Jacksonville metropolitan area (Duval, Baker, Clay, Nassau and St. Johns counties) is known for price points that are much better than other parts of the state, making this a really affordable option for budget-minded buyers looking to enjoy living in Florida.

 

2.) We have fewer storms than many parts of Florida. Thanks to our unique geography, Northeast Florida is a little less hurricane-prone than most other parts of the state (and even many parts of the Carolinas). Nevertheless, you will want to seek out a home that meets Florida’s strict building codes in case of a storm. Also, strongly consider getting flood insurance if you buy in a flood zone.

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