Davidson Realty, Inc.

Northeast Florida Market Stats | August 2024

September 30, 2024

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Posted by in Northeast Florida Market Trends

“Not all of us can do great things. But we can do small things with great love.” Mother Teresa

 

We present our Jim Davidson’s Annual Clay Day to you with great love. Our event is October 17th, and you could do a small thing to support six great local charities by purchasing a raffle ticket to one of our four great prizes. We have $1,000 of scratch off lottery tickets, our cooler and cocktail, a $1,000 gift certificate and basket to the Ponte Vedra Spa, and a 12-gauge shotgun. Go to DavidsonCares.com for all the details.

 

We are all wondering what will happen with mortgage interest rates with the Federal Reserve meeting next week. “Predicting mortgage rates is difficult due to the complexity and interplay of various economic factors that influence them. However, in very simple terms, historical data suggests that a 100-basis point rate cut typically leads to an 87-basis point drop in mortgage rates. With the Fed expected to lower its rates by 50 basis points by the end of the year, mortgage rates could fall to around 5.9% by year’s end. Nevertheless, this impact will likely be lessened as mortgage rates have already priced in some of the expected rate cuts. As of now, mortgage rates are already over 100 basis points lower than they were at the end of May 2024.” (National Association of Realtors)

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Why It’s Important To Price Your Home To Sell

September 9, 2024

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Posted by in News

Selling your home can be daunting. With so many items to check off the list, pricing your home is one of the most intimidating to-dos. Too high, and it might sit there for ages; too low, and you’ll miss out on that hard-earned cash. We spoke to Shelley and Tim Nemethy of The Nemethy Group at Davidson Realty, Inc. about the importance of pricing a home to sell and why a professional realtor should be on your team.

 

“Pricing your home correctly and according to what the market dictates will bring the greatest success in selling your home,” says Shelley. “Hiring an experienced and knowledgeable Realtor is important when it comes to pricing and marketing your home properly. One myth some sellers believe is their home should be listed at a certain price because their neighbor’s home sold at that price. This approach doesn’t take anything else about the home into consideration. So much more goes into pricing a home correctly, such as square footage, current updates, location, age, lot size, pool and much more. If your neighborhood is on a lake, ocean or preserve, each home will have a unique view and access.”

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Northeast Florida Market Stats | July 2024

August 27, 2024

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Posted by in Northeast Florida Market Trends

“Buyers rejoice! Every single metric in the Northeast Florida Association of REALTORS® (NEFAR) Market Statistics report for July shows the housing market making a shift towards a balanced market. Although the market is not totally balanced yet, stabilization is on its way, and that is good news for buyers.” NEFAR press release.

 

The NEFAR market review for July 2024 median sales price for all property types in the 6-county area is $369,150, which is up 2.5% from the previous year and down 0.2% from the previous month. As we have seen over the past 12 months, there are small moves up and down monthly, but prices are moving within a small range.

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Builder Spotlight: Riverside Homes

August 24, 2024

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Posted by in New Home Construction

Riverside Homes is a Jacksonville homebuilder committed to providing exceptional service balanced with informed value and quality. With over 15 years of experience, the team at Riverside Homes is perfectly positioned to bring your dream home to life.

 

Owners Matt Roberts and Chris Wood built Riverside Homes on deep-rooted core values: respect, integrity, quality, heart and a personal commitment to put customer satisfaction above all else. Not one to be happy with the status quo, they dug into the homebuilding process from start to finish, rethinking every element of designing and building for today’s homeowners. Together, they created their own process, resulting in high-quality homes that are designed to fit each client’s unique needs. From a customer’s first contact with the sales team to the background magic of the interior designer and architect, a compassionate professional is there to support, advise and create.

 

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Northeast Florida Market Stats | June 2024

July 30, 2024

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Posted by in News, Northeast Florida Market Trends

“In any given moment we have two options: to step forward into growth or step back into safety.” Abraham Maslow

 

The National Association of Realtors settlement will require growth and moving out of our comfort zone for most Realtors in the country.   However, the team at Davidson Realty is educated, prepared for change and will continue to take the best care of our customers with knowledge and expertise.

 

The Northeast Florida Association of Realtors market stats for June 2024 show stability in the median sales price and the number of new listings. Due to the decrease in closed sales and pending sales, the active inventory continues to grow.

 

The growth in available inventory is positive. We have been at low levels of inventory for a long time and buyer demand is very low because of the high interest rates. If mortgage rates drop and buyer demand increases, it will be great to have more properties for buyers to purchase, which should keep prices from rising too quickly.

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