Northeast Florida Market Stats | December 2023

January 25, 2024

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“Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that.” Martin Luther King, Jr.

Dr. King had so many amazing quotes, but this is one of my favorites. We need more light and love.

 

Let’s review 2023 and look forward to a better 2024 for the real estate market. The Northeast Florida Association of Realtors (NEFAR) market review for December 2023 shows a slight decline of 1.4% in the median sales price from November. The median sales price of $360,000 is up 6.5% from last year (the numbers used are from all types of properties in all 6 counties). The median sales price has moved up and down monthly, but prices have been fairly stable.

 

There were 1,922 closings in December which is 4.5% more than November; however, we are down 13.5% from last year. Pending sales of 1,590 were down 11.5% from November and 9.8% from last year. The number of transactions has been very low in 2023 mostly due to high mortgage interest rates and affordability.

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“Building Your Financial Foundation: Elevate Your Credit Score for Homeownership Success”

January 17, 2024

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Posted by in News

By Brenda Williamson, Mortgage Loan Originator at Atlantic Trust Mortgage

 

Are you dreaming of owning your own home but worried about your credit score standing in the way? Fret not! With a few strategic moves, you can boost your credit score and pave the way for successful homeownership. Here are a few key steps to enhance your creditworthiness and prepare for that dream home:

 

Understand Your Credit Report

The first step on your journey to homeownership is understanding where you currently stand. Obtain a copy of your credit report from major credit bureaus like Equifax, Experian and TransUnion. Review the report thoroughly, checking for any errors or discrepancies. Clearing up inaccuracies can instantly improve your credit score.

 

Develop a Budget and Emergency Fund

Before diving into homeownership, it’s crucial to have a clear understanding of your financial situation. Create a realistic budget that includes all your monthly expenses, allowing you to identify areas where you can save. Simultaneously, start building an emergency fund to cover unexpected costs, ensuring you have a financial safety net when you become a homeowner.

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Congratulations to our TOP Producers in November!

December 19, 2023

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The holiday season is in full swing much like our agents at Davidson Realty.  We want to especially recognize our top agents for November as we are so proud of all they have achieved and all they have served!  We thought it would be informative to ask their professional advice about buying or selling during this time of year. We asked them specifically: What is the number one tip or best advice you would give anyone thinking about buying or selling a home/property during the holiday season?  Here are some of their responses:

 

 

 

Our overall Top Producer and our Top Producer of our Jacksonville Beach team for November is Jennifer Todd with $815,000 in closings for the month.

 

 

 

Jennifer – The Holiday Season can be a challenge to both buyers and sellers. Access to homes could be limited to buyers for many reasons and sellers are trying to juggle family, cooking and keeping the house in showing condition. The best way to make buying or selling at this time of year is FLEXIBILITY and PATIENCE!  

 

If a buyer has really done their research with their agent prior to looking, the selection process should be narrowed down to 5 or less homes.  

 

If a seller elects to have their home on the market during the holidays, they are more motivated to accommodate showings.  

 

With that being said, make the most of the experience and have a Big Red Bow ready!

 

 

 

Our Top Lister for November is Margherite Myers with over a half million in pending listings under contract for the month.

 

 

 

Margherite – The number one tip for a Realtor advising clients on selling or purchasing a home during the holidays is to emphasize the importance of flexibility. Encourage your clients to be open-minded about scheduling showings, inspections, and closings, as the holiday season can bring challenges such as varying availability, travel plans, and potential weather disruptions.

 

For sellers:

  • Flexible Showing Schedules: Advise sellers to be accommodating with showing times, understanding that buyers may have limited availability due to holiday events or travel plans. Consider using virtual tours or high-quality photos to showcase the property, allowing buyers to get a sense of the home even if an in-person visit is challenging.

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Join us in welcoming four new agents to the Davidson Realty Team!

December 7, 2023

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Here at Davidson Realty, we’re a family-owned business that’s about people. And, we’ve been a dependable name in real estate for over 30 years. Because of that, we’re able to attract the best and most knowledgeable professionals in the area. “We call it the Davidson Difference,” shares Founder and President of Davidson Realty, Sherry Davidson. “It means we value people first, from our clients to our agents.” Davidson Realty prides itself on advocating for its clients’ best interests, as well as focusing on its agents. “We provide them with everything they need to create exceptional experiences for our clients,” Davidson shares. Davidson Realty is excited to announce the hiring of four new Realtors – Kevin Thomas, Clay B. Martin, Christina Treadway and Theo Dimitrakopoulos.

 

Kevin Thomas had a 20-year career as an entrepreneur in pharmacy advertising, and is originally from Nashville, TN. His Southern hospitality shines through, as does his passion to not just facilitate deals, but create trusting, genuine relationships with his clients. “My clients’ needs are my number one priority, and I take pride in listening and tailoring strategies to achieve any real estate objective,” he shares.

 

 

Clay B. Martin has an MBA from Florida Atlantic University, and joined Davidson after a 29-year career in Medical Device sales. He shares, “A wonderful agent from Davidson Realty helped me, my parents and my in-laws find homes. And since, I’ve been inspired to serve others with the same quality of excellence and attention to detail that I received.”

 

 

Christina Treadway has been licensed since 2017, and is a former Financial Advisor. “As a skilled negotiator, I will leave no stone unturned! And ask all the questions you didn’t know to ask,” she laughs. “I pride myself on providing exceptional service that always puts people first.”

 

 

Theo Dimitrakopoulos was born in Greece, and moved to Jacksonville at 8 years old. He comes from food service/beverage sales. “I love sharing my knowledge of North Florida to help people buy and sell real estate wisely,” he shares. “Whether it’s moving into their first home, dream home or considering investment properties, my customers get my undivided attention.”

 

Sherry Davidson loves having new agents in the office. “Real estate has been a passion of mine for over three decades,” she shares. “To be able to help others ignite that passion in themselves and empower them to meet their goals – it’s something I’m proud and honored to be able to do.” Learn more about our new agents here. And help us welcome them to the team!

30 Years of Nights of Lights!

November 14, 2023

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Posted by in Events, News

For new or prospective residents, there’s nothing quite as exciting or memorable as your first Nights of Lights festival! Now entering its 30th year, what started as a small business initiative to drive visitation during the slow season is now a globally-recognized phenomenon. Downtown St. Augustine glistens as small businesses, private homes and municipal buildings and structures are draped in millions of white twinkly lights, beginning the Saturday before Thanksgiving through the end of January. We’ve got the best ways to experience this unique festival of lights.

 

Nights of Lights kicks off Saturday, November 18th, with Light Up! Night. Wander through downtown with a warm drink from The Kookaburra Coffee, then join the crowd of excited holiday-goers in the Plaza de la Constitución as the light switch is flipped to kick off the start of the festival. Light Up! is a free event beginning at 6pm. The City of St. Augustine offers a free Park & Ride Shuttle for Light Up! night, and during peak days throughout the Nights of Lights season. Multiple pick-up and drop-off locations are available.

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