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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Four Davidson Realtors become eTown Certified Agents

December 27, 2019

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Davidson Realty is pleased to now have five agents who completed the new eTown Certification Program: Liz Pappaceno, Suzy Evans, Shannon Rodriguez and Delilah Salameh.

 

These agents have access to news, updates and special insights directly from the community’s master-developer, The PARC Group, that are not available to other real estate agents.

 

Once complete, the gated eTown community will have about 1,400 homes spread through its five neighborhoods.

 

The PARC Group designed the community to center on energy-efficiency and sustainability. Its forward-thinking approach is reflected in both the home designs and neighborhood names, four of which are named after technology pioneers in history.

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The 2019 Year is coming to an end! See what the Real Estate Expert predict for 2020!

December 23, 2019

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Brian Buffini, a well-known real estate trainer and speaker, recently shared his real estate predictions for 2020. Buffini spoke about the positive fundamentals for the economy:

  1. Very low inflation rate of 1.8%
  2. Very low unemployment of 3.6%
  3. High labor participation rate of 63.3%
  4. High consumer confidence of 96+

Buffini agreed with Lawrence Yun, NAR’s Chief Economist, recap and predictions for the real estate market.

                                                          2018              2019                2020
   New home sales                      627,000         701,000           750,000

Existing home sales                     5.34M             5.46M               5.56M

Median price growth                     5.7%               4.9%                  4.3%

30-year interest rate                     4.7%              3.7%                 3.75%

 

As you can see, the prediction is for new home sales and existing home sales to continue to grow, price increases to slow down slightly and interest rates to stay low. All very good news.

 

The Northeast Florida Association of Realtors market stats for November 2019 also show positives for our local real estate market. Pending sales are up 6.8% year to date, closed sales are up 4.5%, median sales price is up 5.2% and the average sales price is up 3.5%.

 

The inventory of homes for sale in November is 8,427 which is down 15% from last November. This is the smallest amount of homes available since January 2018. There is a 3.1 months supply of inventory which is down 20.5% from last November.

 

We wish you a Merry Christmas and Happy New Year! Thank you for all the past support and referrals and let’s make 2020 the best year ever.

 

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About Sherry Davidson, President of Davidson Realty
Since launching Davidson Realty in 1989, Sherry Davidson has built the firm to include nearly 60 agents and exceed $100 million in annual sales. She is known throughout the First Coast as an authority on all things residential real estate, having served on the Board of Directors for Northeast Florida Association of Realtors, Florida Realtors® (a division of the National Association of Realtors), and Builders Care (charitable arm of Northeast Florida Builders Association).
Thanks to Sherry’s leadership, Davidson Realty has been recognized as one of the state’s Best Companies to Work For (Florida Trend Magazine), as well as one of the region’s Best Places to Work and 50 Fastest Growing Companies (Jacksonville Business Journal). Get to know Davidson Realty’s talented team of agents by clicking here or call us at (904) 940-5000.————————————————

Congratulations to all of our TOP producers for November!

December 12, 2019

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November was a great month at Davidson Realty for sales. It is great to see so many buyers out in November.

 

Congratulations to Jennifer Todd, our Top Producer for the company and Top Producer and Tops Sales for the Jacksonville Beach office. Jennifer lives and sells at the beach, but she was in new construction in the World Golf Village area before she joined our team over 11 years ago and continues to sell all over the First Coast.

 

 

The Top Sales agent for the month is Mirtha Barzaga. Mirtha helped 7 families buy or sell homes this month for a total volume of $2.3 Million in addition to hosting her Thanksgiving and Holiday food and toy collection events.

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