Davidson Realty, Inc.

Jacksonville Real Estate Trends in August -Top 4 Reasons Closings Get Delayed

September 20, 2016

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Posted by in News

“At the moment when you feel like you have reached the point of absolute exhaustion, inspire yourself to take one last step, and that is when you have successfully arrived to the next level.” Master Jin Kwon

This quote really inspires me because it is so rare to see true mastery in sports, the arts and business. It is fun to have college and professional football back and the final days of baseball for this year.

The Northeast Florida Association of Realtors market stats for August continue to show a strong local real estate market. The closings and pending sales are up, the median and average sales price are up and the inventory of homes for sale and percentage of distressed properties are down. All of these trends are very positive. Read more

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Jacksonville’s Real Estate Trends in February – Great News for Home Sellers!

March 23, 2016

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Posted by in News

“We are told to let our light shine, and if it does, we won’t need to tell anybody it does. Lighthouses don’t fire cannons to call attention to their shining – they just shine.” Dwight L. Moody

The Northeast Florida Association of Realtors market stats for February bring you really good news if you are thinking of selling your home. Even though there were 3,146 new listings in February, 6% more than February 2015, the inventory of homes for sale dropped 17% to 9,027 properties. This is the lowest number of homes on the market in our area since late 2005. Read more

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Jacksonville Market Trends for April 2014: All-cash Sales up While Distressed Sales and Investors Decline

May 21, 2014

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Posted by in News

“The more you praise and celebrate your life, the more there is in life to celebrate” Oprah Winfrey

May has been full of celebration. Davidson Development celebrated our 25th anniversary May 1, 2014 and Jim and I celebrated our 34th wedding anniversary on May 9th. We have been blessed.

You may have seen the recent headlines “All-cash sales up while distressed sales and investors decline”. Lawrence Yun, the National Association of Realtors chief economist offered a terrific explanation. “Florida is the most popular state for international buyers, who generally pay cash, as well as vacation-home buyers who frequently pay cash. In addition, downsizing retirees are known to pay cash from the proceeds of their homes in the north.” Read more

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Jacksonville Real Estate Trends for February Show a Normalizing Market

March 20, 2014

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Posted by in News

“Do not let what you cannot do interfere with what you can do.” – John Wooden

I thought this quote was appropriate when I read RealtyTrac’s report that Florida is still the number 1 state in the nation in foreclosure activity even though initial filings dropped 24% in February from the previous year. The judicial foreclosure process drags on for 1,095 days on average. Only Arkansas and Hawaii have longer time frames. Jacksonville ranked number 3 in highest foreclosure rates in the nation.

I cannot do anything about the foreclosure process, but I can take advantage of all the buyers looking in our area because of the schools, the improvement in jobs and the brutal winter that most of the country has experienced. Read more

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Northeast Florida Market Trends for February: The Highest Number of Pending Sales Since April 2010!

March 27, 2012

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Posted by in Uncategorized

“I’ve got a great ambition to die of exhaustion rather than boredom.” Angus Grossart

I have been saying for almost 32 years that I could never be bored married to Jim. There is no way to predict what he will do any day and he somehow always convinces me to join in whatever adventure he creates. Something new I am working on is to find some joy in every single day. I hope you will also.

I found some joy in the Northeast Florida Association of Realtors Market Stats for February. The most exciting news to me is the increase in pending sales of 27% over February 2011. For the last 12 months we have averaged 1,493 pending sales and in February 2012 there were 1,750 contracts written. This is the highest number of pending sales since April 2010. Interestingly, based on a rolling 12-month total the $500,000-$1M price range had the highest percentage increase (over 17%) in pending sales.

The inventory has continued to decline. There were 14,321 active properties available in the NEFAR market area in February 2011 and there are 30% less properties available in February 2012 with only 9,977 active properties. The months supply of inventory dropped 35% from 10.3 months supply in February 2011 to 6.7 months supply in February 2012 very near market stabilization. The price range with the largest decrease in number of properties and months supply is the under $150,000 price range with a 5.3 month supply. Read more

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