Davidson Realty, Inc.

Northeast Florida Real Estate Market Update

January 26, 2022

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Posted by in News, Northeast Florida Market Trends

“I always just thought if you see somebody without a smile, give ‘em yours!” Dolly Parton

 

 

A little Dolly wisdom to get 2022 off to a great start.

 

The Northeast Florida Association of Realtors Market Stats shows strong buyer demand, a very low supply of homes available, and prices continuing to rise. The buyer demand is particularly strong as mortgage interest rates have risen slightly and buyers want to lock in lower mortgage rates. The higher interest rates expected will decrease affordability for some buyers going forward.

 

Some great information shared by Bank of England loan officer Alex Stewart at the Sales & Marketing Council last week included some Redfin user search data showing 52% of buyers searching Jacksonville properties were local and 48% were from outside the area. The locals don’t have the perspective of buyers moving here from much more expensive areas.

 

The average price home in Jacksonville is around $358,000 for a 2,500 square foot home. A similar home in Washington DC is approximately $676,000, in New York $3 million and Seattle $807,000. These buyers relocating to our area find the homes very affordable.

 

Job growth is also adding to the demand for homes. The Jacksonville market has recovered more jobs than we lost when COVID caused so much unemployment. As of October 2021, Jacksonville has recovered 112% of jobs compared to the United States recovering 81%.

 

The supply of homes was around 20,000 homes in Northeast Florida in 2007 when the housing market changed. As the market improved, it dropped 52% to around 9,500 homes at the beginning of 2020. In the last 2 years, the supply has dropped an additional 62% to around 3,400 homes available in December 2021. There is a 1.1 month supply of homes available in December way below the 5 to 6 months supply that is considered a balanced market.

 

The median sales price in the Northeast Florida area in December is $323,880 for all property types in all 6 counties. That is an increase of 20.5% over last December. Most sellers got their asking price with 29.1% closing over list price.

 

The Northeast Florida real estate market is very strong. If you are interested in buying, selling, or renting your property, please give us a call for a consultation. Thank you so much for all of your support and referrals in 2021. Happy New Year!

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Community Focused – Watson Civil Supports Davidson Cares Clay Day

January 20, 2022

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Posted by in Community Involvement, Events, News

Davidson Cares Clay Day has not only helped raise money for worthy organizations in Northeast Florida but has brought local, like-minded companies together to strengthen partnerships and relationships along the way. 

 

John Watson, President and CEO of Watson Civil, first met the Davidsons when construction began in World Golf Village in 1996. “If I was driving customers on the dirt roads of the development, John and his team would always help me get around the equipment and offer a wave and a smile to whoever was with me,” shares Davidson Realty President, Sherry Davidson. 

 

“We are honored to contribute to Davidson Cares and the amazing local charities whom they support.  To know our financial donations directly impact children and seniors in Northeast Florida brings immense pride to our company and our employees,” shares John Watson. “Watson Civil has been fortunate to participate in Davidson Cares Clay Day since our inception. It is amazing to see the success of the Davidson Cares organization and the incredible growth of the charities it supports.”

 

Founded in 2014 and headquartered in St. Johns County, Watson Civil is a horizontal contractor that specializes in large site infrastructure, underground, road, and bridgework. Watson Civil is currently working on projects throughout the state of Florida with additional offices in Jacksonville, Orlando, and Tampa. 

 

“Watson Civil has an outstanding reputation. John Watson is diligent and energetic, ready to conquer everything that comes his way,” shares Davidson. “Davidson Cares is proud to have the support of John Watson and the team at Watson Civil.”

 

Davidson Cares Clay Day is proud to have the support and sponsorship from Watson Civil as they continue to give back in Northeast Florida. To learn more about Watson Civil Construction visit their website at www.watsoncivil.com or call (904) 297-1800.

 

Davidson Cares Clay Day

 

The 6th Annual Davidson Cares Clay Day was held on October 21, 2021, at Jacksonville Clay Target Sports. Davidson Cares Clay Day included two-sport shooting events, beginner skeet, and sporting clay. Individuals and teams from beginner to expert levels participated.  

 

In association with the event, there was also a raffle contest. Prizes included a 65-quart YETI cooler with 13 full-size liquors and a pod for Concerts for a Cause. 

 

Money raised from the event and raffles went directly to Builders Care, St. Augustine Youth Services (SAYS), and Investing in Kids (INK!) in equal sums.

 

Please help us support these organizations that are so important to our community by visiting DavidsonCares.com.

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CONGRATULATIONS TO OUR TOP PRODUCERS IN DECEMBER & THE 4th QUARTER!

January 15, 2022

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Posted by in Top Agents

Happy New Year! I hope 2022 will be your best year ever.

 

I want to congratulate our Top Producers for December and the 4th quarter of 2021.

 

The Top Producer (closings) for December and the Top Producer and Top Sales Agent for the 4th quarter is Suzy Evans. Suzy had $7.5 million in closings and $8.5 million in sales for the quarter. Suzy has numerous designations and is always trying to learn more about real estate and technology to help her customers.

 

 

 

The Top Sales Agent for December and the Top Listing Agent for the 4th quarter is Mirtha Barzaga. Mirtha helped 7 families sell their homes in the 4th quarter and had $5 million in sales for buyers and sellers. Mirtha also hosted her annual customer appreciation party and organized three food and toy drives in different neighborhoods.

 

 

Read more

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A Promise to Serve – Providence Homes Supports Davidson Cares Clay Day

January 14, 2022

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Posted by in Community Involvement, Events, News

For the past six years, Providence Homes has generously supported Davidson Cares Clay Day with the highest level of sponsorship. The Davidson Companies have a long history with Providence Homes as they were a preferred builder in several neighborhoods in World Golf Village as early as 2000. “I love the generous hearts at Providence Homes! They do so much for the community. In the past, they have built a “Home from the Heart” benefiting Builders Care and they are currently building their seventh Homes for Hope project in Kettering at eTown,” shares Sherry Davidson, President of Davidson Realty. “We have so much respect for Providence Homes and how they treat their employees and customers.”

 

Providence Homes is an award-winning home builder based right here in Jacksonville with a promise to provide a superior home building experience from start to finish. As one of Jacksonville’s only 100% ENERGY STAR® certified home builders, Providence Homes is committed to building each home with the same attention to detail as they would with their own.  Since becoming an ENERGY STAR® partner, Providence Homes has built more than 1,800 ENERGY STAR® homes which have helped Jacksonville families save more than $5 million in energy bills. With nearly thirty years of experience, Providence Homes has not only made a tremendous impact on the local community, but has helped others internationally through Homes for Hope, Hope International, and New Story. Providence Homes is currently 80% complete on a community of 131 homes in El Salvador.  Davidson Realty is honored to have the support of  Providence Homes as they continue to make a difference in the Northeast Florida community. 

 

“We are very proud to have helped Davidson Cares achieve their goal of $75,000 this year for three incredible local charities. This is the sixth year we have been a major sponsor in the Clay Day shoot and we continue to give back to help prioritize the needs right here in our own backyard. I can’t say enough about the work that Builders Care, St. Augustine Youth Services (SAYS), and Investing in Kids (INK!) is doing for those in need in Jacksonville and St. Augustine. We are grateful to Davidson Cares for organizing this event each year,” shares Sean Junker, President and COO Providence Homes.

 

Over the past five years, Davidson Cares Clay Day has raised more than $340,000 to support charities in need because of generous sponsors like Providence Homes. To learn more about Providence Homes visit their website at www.providencehomesinc.com or call (904) 447-0724.

 

Davidson Cares Clay Day

 

The 6th Annual Davidson Cares Clay Day was held on October 21, 2021, at Jacksonville Clay Target Sports. Davidson Cares Clay Day included two-sport shooting events, beginner skeet, and sporting clay. Individuals and teams from beginner to expert levels participated.  

 

In association with the event, there was also a raffle contest. Prizes included a 65-quart YETI cooler with 13 full-size liquors and a pod for Concerts for a Cause. 

 

Money raised from the event and raffles went directly to Builders Care, St. Augustine Youth Services (SAYS), and Investing in Kids (INK!) in equal sums.

 

Please help us support these organizations that are so important to our community by visiting DavidsonCares.com.

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Selling Across Northeast Florida

January 12, 2022

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Posted by in Neighborhoods, News, Northeast Florida Market Trends, Staff

Since 1989, Davidson Realty has established itself as one of the leading real estate brokerages in Northeast Florida. Davidson Realty attributes much of their success to their value of people above everything else. With more than forty dedicated agents, Davidson Realty has served thousands of clients across Northeast Florida and is grateful to have had the opportunity to service the entire First Coast in 2021.

 

“Looking back 2021 was a crazy year,” shares Mirtha Barzaga, Davidson Realty Top Producing Agent. “The fact that the market was hot didn’t mean more sales and less work. On the contrary, the lack of inventory and the inflated prices drove a lot of buyers into remission.” With a market that proved to be competitive, Davidson Realty ensured their clients received TOP dollar for homes across Northeast Florida.

 

World Golf Village

945 Registry Boulevard Unit #302, St. Augustine, Florida 32092

With the help of Mirtha Barzaga, this beautiful, well-maintained, furnished unit in King & Bear sold for $232,000. Its lovely views and cozy balcony captivated home seekers. The extensive community amenities were the cherry on top to help this listing sell quickly. 

 

220 Presidents Cup Way Unit #204, St. Augustine, Florida 32092

In the heart of World Golf Village, you will find this upgraded and updated condo in The Legends. There was a lot to love about this home from the glass-enclosed lanai to the custom closets throughout. Lynn Whitley was the listing agent for this home which sold for more than $240,000. 

 

250 Holland Drive, St. Augustine, Florida 32095

This five-bedroom, four-bathroom home went through more than five weeks of improvements before going on the market. The hard work paid off when it sold in a flash for Rebecca Schaffer and her California-based clients. 

 

Ponte Vedra Beach 

695 A1A North Unit #117, Ponte Vedra Beach, Florida 32082

After being on the market for only NINE days, this move-in-ready Ponte Vedra Beach condo in The Fountains sold for $5,000 over list price thanks to listing agent Suzy Evans. Being just steps from the beach and near the large amenity center certainly helped attract attention to this property. 

 

Northside

319 Northside Drive South, Jacksonville, Florida 32218

Behind the gates of Pine Lakes, you’ll find this spacious, open floorplan home that sold in only EIGHT days and for $7,000 over list price. Yana Austin and her clients piqued prospective buyers’ interest with the property’s three-car garage, close proximity to the amenity center, and low HOA fees. 

 

Middleburg

2985 Chase Ridge Drive, Middleburg, Florida 32068

Listed by Shelley and Tim Nemethy, this brick beauty in Middleburg sold for $351,500 in October. This meticulously maintained cul-de-sac home had captivating features including an updated kitchen, thoughtful layout, and enormous fenced backyard.  

 

Palm Coast 

500 Canopy Walk Lane Unit #535, Palm Coast Florida, 32137

Overlooking the Intracoastal Waterway you’ll find this three-bedroom, two-bathroom end unit that provides stunning panoramic sunrise views. This window-lined unit draws in plenty of natural sunlight making it the perfect place to relax. Listing agent Mirtha Barzaga helped her clients sell this property for $440,000. 

 

Mandarin

12160 Chaseborough Way, Jacksonville, Florida 32258

In just THREE days this beautifully renovated pool home in Greenland Chase SOLD for more than $12,000 over list price – thanks to listing agents Shelley and Tim Nemethy! Positioned on a cul-de-sac and complete with stunning white cabinetry and granite, this three-bedroom, three-bathroom home quickly received multiple offers.

 

Intracoastal West

13176 Wexford Hollow Road North, Jacksonville, Florida 32224

Nestled between the 11th and 12th Jacksonville Golf and Country Club golf green, you’ll find this stunning executive estate. With more than $250,000 recently spent on renovations, this six-bedroom and four-bathroom, received multiple attractive offers. Caitlyn Hawkins was the listing agent that secured the sale of this home. 

 

Agents like Barzaga had to be extremely efficient and creative in this very competitive market. “I had a client this year from California who was looking for an investment property. I was able to write the contract remotely, complete their inspections, closed the transaction by mail, and put the property on the rental market for them – all this without them coming to Florida,” said Barzaga. “2021 was an interesting year in real estate, every day brought new challenges that the Davidson Realty team worked to overcome together.”

 

From Middleburg to Palm Coast and everywhere in between, Davidson Realty has the real estate experts to help you buy or sell your home with ease in 2022. There is no question Davidson Realty is equipped to serve you. Call the Davidson Realty team today at (904) 940-5000. 

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