Northeast Florida Real Estate Market Update

November 19, 2021

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“Gratitude can turn common days into thanksgiving, turn routine jobs into joy, and change ordinary opportunities into blessings.” -William Arthur Ward

I rely on the Northeast Florida Association of Realtors (NEFAR) market statistics in my analysis each month. NEFAR has changed the company providing the statistics and the information is now interactive and allows you to choose property type, County, or region. Go to NEFAR.com and click on the market stats tab to check it out.

 

The median sales price of $310,000 is up 17.8% from last October, but unchanged from last month. Of the closings in October, 28.5% closed over list price. This is up 103.2% from last October, but down 7.3% from last month.

 

The inventory of homes for sale continues to be extremely low. There were 4,270 active properties for sale which is down 31.1% from last October and 7.9% from last month. The 1.4 months of inventory available is also down 25.8% year over year and 9.5% from last month.

 

The Northeast Florida real estate market may see smaller price increases and fewer multiple offers, but there is still a strong imbalance between buyer demand and homes available. It is still a seller’s market.

 

I wanted to share some interesting information from the 2021 National Association of Realtors (NAR) Profile of Home Buyers and Sellers. Jessica Lautz, Vice President of Demographics and Behavioral Insights at NAR, says both buyers and sellers “have been driven by the desire to be close to family and friends, as well as the need for a larger home” during the pandemic.

 

Of the sellers who also became buyers, many traded up to bigger, more expensive, and often newer homes, with 46% purchasing a larger home and 28% one of the same size. In the past years, convenience to work and affordability had ranked as top factors for reasons to move.

 

The pandemic likely spurred occupants to shorten their homestay, as tenure in the home decreased to eight years from 10 years, according to the report – the largest single-year change in home tenure since NAR began collecting such data. Historically, tenure in the home has been six to seven years, but it increased to nine to 10 years following the Great Recession.

 

It will be interesting to see how remote work opportunities play out in the future. It seems like employees and companies are still figuring out the new rules and how that will affect home sizes and locational choices.

 

I want to express my gratitude for your friendship and support in 2021. Davidson Cares raised $75,000 at our Clay Day thanks to all the generous people in northeast Florida. Have a wonderful Thanksgiving holiday!

Inspired to Give: MasterCraft Builder Group Supports Davidson Cares Clay Day

November 18, 2021

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The Davidson Cares Clay Day has been a successful event from every standpoint. MasterCraft Builder Group is to thank for the inspiration behind Clay Day as it’s modeled after MasterCraft Builder Groups’ very own charity shoot called Clays for a Cause. 

 

“When I asked Chris Shee, Founder and CEO of MasterCraft Builder Group, about his charity shoot, he generously shared all the details we needed to begin our shoot,” shared Davidson Realty President, Sherry Davidson. “Since our first Davidson Cares Clay Day in 2016, MasterCraft has supported us and been sponsors every year.”

 

With deep roots in Northeast Florida, MasterCraft is an organization passionate about serving the community and continuously puts its neighbors first. “MasterCraft is a huge supporter of Davidson Cares because of the local factor.  We prefer to keep our giving to organizations like St. Augustine Youth Services and Investing in Kids because they help children who live in “our backyard”.  There is a great sense of community in St. Johns County and it’s events like Clay Day that help our local kids who need it most,” shares President of MasterCraft Builder Group, Brad Shee. 

 

MasterCraft takes pride in not only building great semi-custom homes in St. Johns County but strives to take care of the people in the community. In addition to Clays for a Cause, MasterCraft also organized Concerts for a Cause, a concert series at the Tringali Barn, and built the Home from the Heart for Builders Care last year. They donate hundreds of thousands of dollars to local charities. 

 

Davidson Cares Clay Day is proud to have the support and sponsorship from MasterCraft Builder Group as they continue to support local charities. To learn more about MasterCraft Builder Group, visit their website at mastercraftbuildergroup.com or call (904) 295-1604.

 

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 participate.  

 

In association with the event, there was also a raffle contest. Prizes include 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.

Together is Better: iVenture Supports Davidson Cares Clay Day

November 15, 2021

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Over the past six years, Davidson Cares Clay Day has brought countless people together to give back to the Northeast Florida community. Many of those who support the event are friends of the Davidson Companies. iVenture is just one of those professional relationships that have continuously joined in the efforts of Davidson Cares. 

 

iVenture has been a Davidson Cares sponsor for five years. This year, Davidson Cares was proud to have iVentures support at the highest level of sponsorship. In addition to making up three teams of shooters, they also sponsor the shoot after party. 

 

“Davidson Cares Clay Day is such an exciting event for us because it’s purely local and it brings so many of us together who don’t get to see each other as much as we’d like.  It’s a unique opportunity for us to bring friends and local businesses together with the great people at Davidson and support a local cause.,” shares Gray Mabry, Chief Executive Officer of iVenture. “It’s meaningful that the money stays in the community that we serve and we know it all goes towards helping local youth. Plus, it’s just a ton of fun – BBQ, sporting clays, friends, great prizes, and a beautiful North Florida fall day!”

 

“iVenture has been providing IT support for the Davidson Companies for over fifteen years. They are an amazing company and give us great comfort knowing they always respond so quickly and professionally. They took the time to understand our business and have worked with us over the years as our business needs have changed,” shares Sherry Davidson, President of Davidson Realty. 

 

Since 2016, Davidson Cares Clay Day has raised more than $345,000 to support charities in need because of generous sponsors like iVenture. To learn more about iVenture visit their website at www.iventuresolutions.com.

 

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 participate.  

 

In association with the event, there was also a raffle contest. Prizes include 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.

Our Agents Answer Six Common Real Estate Questions

November 8, 2021

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For nearly two years, seemingly every industry has had to deal with unprecedented changes. The real estate industry is no exception as inventory of homes for sale and interest rates were at historic lows causing the market to be fiercely competitive. As the story of the real estate market continues to unfold, it’s vital to have an experienced real estate professional by your side. Northeast Florida real estate experts at Davidson Realty are answering some of the most common real estate questions. 

 

When is the best time to sell a home?

Quite a few people have asked me this lately and, honestly, in Florida or at least in our area, our selling season is year-round. Especially with the low inventory, we are experiencing, there doesn’t seem to be a wrong time to sell your home. Buyers are watching the market very closely for new listings to pop up. Some markets may slow down in the winter, but we have snowbirds who begin their search in January,” shares agent Shelley Nemethy

 

With the current market, should I still buy a new home before I sell my old one?

“If your current home is in an active community and in excellent condition, buying a new home before selling your current home could certainly be an option. However, if it is too much of a financial risk to put yourself in, in the event you had to carry both mortgages, I would advise against it,” shares agent Jennifer Todd

 

Is it still a seller’s market?

“It is still a seller’s market. Until we begin seeing a more balanced inventory in homes available, it will continue to be a seller’s market,” continues Nemethy. 

 

How should I prepare my home before selling it?

“Pack away or get rid of all clutter. The removal of clutter and items that you don’t need on a daily basis will enlarge your home. Eliminating excess furniture can also make a huge difference in how a home shows, “ shares agent Lynn Whitley. “You will recoup the cost of renting a storage unit and you will be a step ahead on packing when you accept an offer.”

 

What is your best advice for current home sellers?

“I suggest pricing your home to the current market and letting the market take the price to where it should be,” continues Todd. “ Always have your home spotless, no one wants to buy a dirty home!”

 

What is your best advice for current homebuyers?

“Hire an experienced real estate agent that knows how to help a buyer bid and win in this current competitive market. You’ll be glad you did,” continues Nemethy. 

 

If you are interested in buying or selling a home or have further questions about the market, contact Davidson Realty at (904) 940-5000.

Davidson Cares Clay Day: Changing Lives in Northeast Florida

October 29, 2021

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Davidson Cares is committed to supporting organizations in Northeast Florida that focus on enriching children and families. This year, thanks to generous sponsors, volunteers, and participants, Davidson Cares Clay Day 2021 raised more than $75,000 for three organizations to continue their incredible work for our First Coast community. 

 

“The 2021 Davidson Cares Clay Day was the most successful in our six-year history. We sold out forty sporting clays teams and had fourteen beginner skeet shooters. The sponsors and shooter’s generosity enabled us to help so many in our community through Investing in Kids, Builders Cares, and St. Augustine Youth Services.,” shared Davidson Realty President Sherry Davidson. 

 

Congratulations to this year’s winners which included: Hoodz Team (1st Place – North Course), Hutson Companies (2nd Place – North Course), HB Next (3rd Place – North Course), Steve Merill’s Team (1st Place – South Course), Thomas May Construction (2nd Place – South Course), and JCTS Club Team (3rd Place – South Course). Additionally, congratulations to Cooler & Cocktail Raffle winner Kaitlin McCurdy and Concerts for a Cause Raffle winner Rick Wood. 

 

Davidson Cares Clay Day has raised more than $345,000 over the last six years for organizations dedicated to supporting and uplifting Northeast Florida residents. This year Davidson Cares donated $25,000 to St. Augustine Youth Services, Investing in Kids!, and Builders Care. 

 

St. Augustine Youth Services (SAYS) has been serving Florida’s at-risk youth since 1989. SAYS provides coaching, counseling, and care centered around family-style therapeutic group homes and outpatient community services. Over the past thirty years, SAYS has provided treatment for thousands of children who have suffered abuse or neglect. Their programs bring crucial mental health services to hundreds of young people in St. Johns, Flagler, Volusia, and Putnam county. 

 

Investing in Kids! (INK!) help fund innovative programs and classroom resources for St. Johns County public school students. Established in 1994, INK! has inspired the greater community to invest in education. The funds raised from Davidson Cares Clay Day will support their Five Learning Years (FLY) and Take Stock in Children programs. FLY was developed to ensure children are prepared for success when starting kindergarten by providing educational intervention. Take Stock in Children is a statewide program that offers students college scholarships, mentoring, and hopes for a better future. INK! is the exclusive umbrella agency for this program in St. Johns County. 

 

Builders Care is a faith-based nonprofit organization that provides little to no cost contracting services to those in need of critical home repairs. Their mission is to provide quality home reconstruction to those who would otherwise be unable to afford it. Since 2001, Builders Care has assisted more than six hundred families totaling more than $6.5 million worth of construction to Jacksonville’s neediest families. Builders Care enlists volunteers and construction professionals to make homes handicapped-accessible, repair roofs, siding and leaks, and any other necessary repairs. 

 

These organizations are changing lives in our community. Davidson Cares Clay Day is proud to have raised more than $75,000 for these worthy causes and Davidson Cares is grateful for the continued support from their network of partners and friends who have helped make an impact when our community needs it the most! If you are interested in donating to these organizations, please visit www.davidsoncares.com.

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