How is the Real Estate Market?

September 18, 2009

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Sherry_DavidsonHow is the real estate market? I hear this question a lot. My answer lately has been that activity is up dramatically, but prices are not. Here are three trends that I like to watch.

1. Inventory levels
The number of active listings in the Northeast Florida Multiple Listing Service continues to decline. There are 14,945 properties for sale in August 2009 compared to 18,326 in August 2008. There are 18% less properties for sale. The months supply of inventory dropped from 17.1 months in August 2008 to 12.6 months in August 2009. Six months of inventory is when the market is most balanced.

2. Pending Sales
The pending sales in August 2009 are up 48% over August 2008. We have seen a large increase in the number of buyers looking for a home and the contracts that are being written.

3. Prices
The median sales price is down 17% from last year and 25% from two years Read more

Join Us for Sneak Peek Saturdays at World Golf Village

September 17, 2009

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Posted by in Events

King & Bear at World Golf VillageNew home shoppers are invited to join us the first Saturday of each month from 1p.m. to 4 p.m. for “Sneak Peek Saturdays” at The Neighborhoods of World Golf Village. Sneak Peek Saturdays will be open houses held in different homes in different neighborhoods each month. Refreshments will be served in one home, registration for great prizes will be held in another home and visitors will be able to meet The Neighborhoods of World Golf Village staff, ask questions and get more information about the community.

Next month’s event, our first Sneak Peek Saturday, will be held October 3 and visitors will enjoy football-themed goodies and prizes in keeping with the exciting fall football season.

The Neighborhoods of World Golf Village is a masterplanned, golf course community in St. Johns County between St. Augustine and Jacksonville. Read more

Short Sales Made Easy with Laurette Martin

September 11, 2009

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Laurette MartinI wanted to share a happy short sale story from a customer of Davidson Realty agent Laurette Martin.

“I would like to pause a moment and give a big THANK YOU to Laurette Martin for the work she did on the short sale of an investment property I owned in Turnberry in the World Golf Village. After the death of my husband, I just couldn’t keep up with the bills and upkeep. Renting it seemed impossible and the bills kept mounting. I was seeking a deed in lieu of foreclosure with my lender. Fortunately, Laurette knew just how to handle all the details of a short sale and was able to present a realistic offer to the lender (with back-up offers)! She was able to provide the best possible scenario, given my circumstances. Thank you, thank you, thank you, Laurette for how professionally and confidentially you handled this transaction. I am so relieved and the new owners are so happy with their find.” Anita

If you or someone you know is having trouble making your mortgage payment, there are options available to avoid foreclosure. Davidson Realty Read more

August Tops Announced

September 8, 2009

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Posted by in Uncategorized

Congrats to our August Tops!

Dottie_LayFor the second month in a row, Dottie Lay was named Top Producer (top number of closed listings and sales) with sales at $808,000. Dottie has twenty five years of real estate experience, and specializes in working with first-time homeowners and distressed properties.

Jock_OchiltreeJock Ochiltree was named Top Sales Agent (highest dollar volume of sales), with sales close to $550,000. Jock, who has life experience in golf communities and has a great love for the game, specializes in golf course communities and distressed properties.

Pauline_Cake

Pauline Cake was named Top Lister (highest dollar volume of listings sold), with 2 1/3 listings, selling at $710,000. Cake is a Certified Distressed Property Expert who works with two other Davidson Realty agents to help homeowners avoid foreclosure. Cake lives in and specializes in The Neighborhoods of World Golf Village.

Featured Agent: Doug Duggan

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Doug DugganFrom dreams of Olympic weightlifting to top real estate agent, Doug Duggan has done it all! When looking for someone with expertise, you won’t find anyone in Northeast Florida with a wider variety than Doug. His experience gained through travels, professions and hobbies make him an expert at many things.

Doug has traveled in all 50 states and over 40 other countries. He has lived in 8 states and chooses to call Royal Pines in World Golf Village home.  He and his wife, Terressa, who have 3 children and 11 grandchildren, recently returned from their 27th cruise and can hardly wait for next years!

December, 2009 marks 55 years of versatility in the workforce for Doug. He has truly tried it all, from 16 years of aircraft engineering and top secret computer programming for the Strategic Air Command to 11 years as a certified personal trainer and owner of his own gym. He never stops challenging himself personally or professionally. Read more

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