Jacksonville Real Estate Trends in December – Pending Sales, Closed Sales and Prices All Show Increases

January 30, 2018

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Posted by in News

“You must do the things you think you cannot do.” Eleanor Roosevelt
Happy New Year! The new year always brings reflection on the previous year, new goals and so much hope.
December made a strong showing in the Northeast Florida Association of Realtors market stats. The pending sales, closed sales and prices all show increases over last December and year over year.
The new listings were up 1% for the month and the year. The available inventory continues to be the biggest story nationally and locally. The homes available for sale dropped 19.4% from 8,763 last December to 7,062 this December. There are 2.9 months supply of homes for sale compared to 3.8 months last December for a 23.7% decrease.
New home construction may help increase the supply of homes. The National Association of Home Builders (NAHB) recently shared some forecast. Read more

Jacksonville Real Estate Trends in November – New Listings, Pending Sales & Closed Sales Show Positive Trends

December 27, 2017

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“It is the set of the sails, not the direction of the wind that determines which way we will go.” Jim Rohn


The Northeast Florida Association of Realtors market stats for November continue to show positive trends increasing over 2016 in all categories. New listings of 2,556 are up 7% over last November and up 1% year to date. Pending sales of 2,242 are up 14% over November 2016 and up 5% year to date. Closed sales of 2,028 are up 0.4% over last November and 1.5% year to date.
Prices continue to rise with the median sales price of $210,350 showing a 10.5% increase year to date over 2016. The average sales price of $254,947 is up 8.6% year to date. Inventory continues to decline with 7,594 homes for sale which is down 20% and a 3.1 months supply of inventory which is down 24.4%. A balanced market is 5 to 6 months of inventory so we continue to be in a seller’s market.

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Looking for something specific? Davidson’s new property search has you covered!

December 20, 2017

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Posted by in News
We know searching online for a property can be a challenge when you’re looking for a home with specific features or in a particular community. That’s why the new DavidsonRealtyInc.com features a search function that helps you find precisely what you want for your next home!
Among other improvements throughout the site, Davidson Realty has added more search filters to make this possible. Visitors can now search by:
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Davidson agents spread holiday cheer with Poinsettia Pop-bys

December 19, 2017

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Posted by in News
On Monday, December 11, Davidson agents painted the town red by delivering 120 poinsettia plants to customers and business partners! Agents in both our World Golf Village and Jacksonville Beach offices participated in the Poinsettia Pop-bys.
“As we reflect on a great year and look forward to the new year approaching, we wanted to show appreciation,” said Sherry Davidson. “Many thanks to our customers and partners for their business and support throughout 2017.”
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Jacksonville Real Estate Trends in October – Market Rebounds After Hurrican Irma

November 29, 2017

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“Feeling gratitude and not expressing it is like wrapping a present and not giving it.” William Arthur Ward
The October market stats compiled by the Northeast Florida Association of Realtors show our local real estate market rebounded quickly after Hurricane Irma. That is very good news, but many housing experts are predicting a wave of foreclosures in February due to the storms. It is difficult to collect insurance until contractors are lined up to make repairs and many homeowners are waiting months for construction companies to get to the work. Some homeowners may just walk away.
Pending sales for October jumped 20% over last October. We are up 5% year to date. Closed sales are up 6% over last October and 1% year to date.

Our median and average sales prices are up over 10%. Out of the country’s 50 largest housing markets, 31 have returned to their levels during the last housing bubble (62 percent). Our market is getting closer to the peak pricing of 2005 and 2006. “As we compare today’s market dynamics to those of a decade ago, it’s important to remember rising prices didn’t cause the housing crash,” says realtor.com Chief Economist Danielle Hale. “It was rising prices stoked by subprime and low-documentation mortgages, as well as people looking for short-term gains – versus today’s truer market vitality – that created the environment for the crash.”

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