Davidson Realty, Inc.

Real Estate Market Update

September 17, 2020

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Posted by in News

“Nobody made a greater mistake than he who did nothing because he could do only a little.”

Edmund Burke

 

The big real estate story across the nation and locally is the shortage of available homes for sale. There were 6,403 homes for sale at the end of August according to the Northeast Florida Association of Realtors (NEFAR) market stats. That is 35% less than August 2019 number of 9,874 for a reduction of 3,471 properties. We have 799 fewer properties than last month.

 

There is a 2.3 months supply of inventory available in Northeast Florida which is down 38% from August 2019 when there was a 3.7 months supply. A five to six month supply is considered a balanced market.

 

The inventory is down even with building permits rising. Building permits in the Jacksonville MSA are up about 6% year to date over the previous year even with COVID 19 slowing the process down. There were 7,823 permits issued through the eight months ending August. Most of the builders are selling their speculative homes before construction is finished.

 

The new listings in August 2020 from the NEFAR report are 3,441 homes. This is 4% fewer new listings than August 2019 and we are down 5% year to date. As new listings become available, they are going under contract quickly and many times with multiple offers.

 

There is a strong demand for homes in our market now. In addition to local buyers that want more space for working from home, schooling virtually, or more outdoor space, we have many people moving from other states. Some employers are allowing employees to work from home permanently or at least until mid-2021 and that allows employees to relocate to areas with better weather, more space, and lower taxes.

 

The strong demand and short supply of homes continues to drive prices higher. The median and average sales prices are up 8% and 9% respectively year-to-date. It also creates the perfect time to sell your home. If you are dreaming of a new or different home, please let us know and we can give you the guidance you need to make a good decision.

 

Davidson Cares is not making the mistake of doing nothing as mentioned in the quote. We have found a safe way with individual shoot times and no group gatherings to have our 5th Annual Davidson Cares Clay Day on October 29th. We would love for you to participate and support St. Augustine Youth Services, Investing in Kids and Builders Care with a donation, sponsorship, or as a shooter. Please go to DavidsonCares.com to get all of the information.

 

It is so nice to have sports back. I hope your favorite team has a great year. Thank you for your continued support of Davidson Realty, Davidson Property Management, and Davidson Cares!

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Jacksonville Native Brittany Jones Joins Davidson Realty Team

August 26, 2020

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Posted by in News

Davidson Realty is proud to welcome Brittany Jones to the Davidson Realty Team of experts. Brittany comes to the brokerage after spending 14 years in the advertising, beauty, and design industries. 

 

“I am very excited Brittany has joined the Davidson Realty Team,” said Andrea Gallagher, Davidson Realty Sales, and Training Manager. “Her dynamic personality and ambitious drive coupled with her innovative marketing skills and local area knowledge make her a perfect fit with us.  Our customers will greatly benefit having her as their trusted real estate advisor.” 

 

At Davidson Realty, we love having First Coast natives on our team as they are able to provide clients first-hand insight to all the wonderful things Northeast Florida has to offer. Brittany especially enjoys the gorgeous parks, educational museums, annual music festivals, and, of course, the breathtaking beaches.  

 

Brittany is a true lover of people and believes serving others is the best way to serve yourself. Her top priority is to take the stress out of buying and selling a home by ensuring clients understand the process and feel comfortable every step of the way. Brittany takes pride in helping all of her clients find their perfect home, but has a sweet spot for first time home buyers as she is able to educate them of all the resources available to financially benefit them. She truly feels honored to be a part of such an important event in someone’s life. 

 

In her free time, Brittany enjoys cooking and many of her friends have told her she could host her own cooking show! She also loves going fishing with her boyfriend and catching her own dinner. Brittany has two orange cats, Dallas and Winnie. Dallas was even featured in Jacksonville Magazine’s 2019 Pet Issue! 

 

Brittany works out of Davidson Realty’s Jacksonville Beach Office. 

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A Quick Market Update

August 20, 2020

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Posted by in News

“You cannot shake hands with a clenched fist.”

Indira Gandhi

 

We are not supposed to shake hands while we are social distancing, but it still makes my heart happy when someone looks me in the eye and shakes my hand with both of theirs. I can feel the love and respect.

 

The Northeast Florida Association of Realtors market stats for July indicate it is a great time to sell your home. With record-low mortgage rates and low inventory of homes listed for sale, the homes coming on the market are going under contract very quickly.

 

There were 3,598 contracts written in July which is an increase of 21% over last July. We are up 4% year-to-date.

 

There were 3,514 closings in July which is an increase of 16% over last July. We are down slightly (1%) year-to-date but catching up quickly. Closings were less than the previous year in April and May but rebounded in June and continued to increase in July.

 

The median sales price of $265,000 is up 10% over last July. The average sales price of $325,665 is up 15% over last July. Both prices are up 8% year-to-date. It is very clear that we are not seeing decreased pricing because of COVID.

 

The inventory of homes for sale is 6,943 which is down 30% from last July. This is the lowest number of homes for sale since mid-2005. For perspective during 2007 in the great recession, we had approximately 20,000 homes for sale.

 

We have 2.5 months supply of inventory available. A balanced market is 5 to 6 months of inventory. Inventory is low even with increased permits being pulled by the local builders. There are 6,608 building permits in the Jacksonville MSA through July 2020 compared to 6,208 year-to-date in 2019.

 

We are seeing increased contracts, closings and prices while experiencing a low number of homes available for sale. All add up to a terrific time to sell your home.

 

Mark your calendar for our annual Davidson Cares Clay Day on October 29th. We have worked out a very safe way for everyone to shoot with no group gatherings. We will be supporting Builders Care, Investing in Kids! and St. Augustine Youth Services again. Please email me at sdavidson@davidsonrealtyinc.com if you would like to participate.

 

Stay safe and as always thank you for your support and referrals!

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Playing 20 Questions: Davidson Realty Agent Spotlight with Sarah Poehler

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Posted by in News

Here at Davidson Realty we thought it would be neat to give you an inside view like no other to our fabulous team.  In this fun agent spotlight blog series we will be Playing 20 Questions where we get up close and personal with our agents.  Today we are featuring agent Sarah Poehler.

 

 

1.) In three sentences or less tell us a little bit about yourself.

I have 5 years property management experience and now association (COA &HOA) management.  I have a BFA in studio art & design.

 

2.) What do you like best about living here in Northeast Florida (can be specific area, i.e. WGV, Jax Beach, PVB, etc.).

The beaches, wildlife and outdoor activities – (weather).

 

3.) What is your favorite indoor or outdoor activity?

Hard to choose just one! Travel! I love being outside kayaking, biking, swimming, love it all.

Read more

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Congratulations to our TOP Producers for July!

August 19, 2020

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Posted by in Agent Feature, News

Concerned about the real estate market? Davidson Realty’s team of agents closed another stellar month of real estate transactions proving NOW is the time to sell your home. And if you’re looking to buy a home, our Davidson Realty team is here to help you with that, too.

 

Davidson Realty kicked off the third-quarter with a strong month of home sales. Our agents at our St. Augustine and Beaches offices ended the month with 49 closings totaling more than $16.5 Million in volume. Congratulations to Davidson Realty’s Top Producers for your hard work during July. 

 

The Top Producer with the most closings for the month is Suzy Evans. Suzy had five closings for more than $2.5 Million. Suzy’s years of experience are evident in her service to her clients. She is ranked in the Top 2% of all Northeast Florida Realtors. 

 

 

 

Mirtha Barzaga was our Top Sales Agent for the month of July. She had more than $1.8 Million in sales and four home sales. Mirtha has been recognized as one of Davidson Realty’s top agents in both service and production. 

 

 

 

Davidson Realty’s Top Listing Agent for the month of July was Candy Gil with more than $450,000 in listings sold. Candy helped two of her clients sell their homes. Candy is dedicated to her clients and particularly enjoys working with first-time home buyers and downsizing retirees. 

 

 

 

Once again, Shelley and Tim Nemethy of The Nemethy Group were Davidson Realty’s Top Producing and Top Sales Team. Shelley and Tim had more than $3.8 Million in closings and more than $2.6 Million in sales for the month of July. Team Nemethy is an incredibly dynamic duo and continues to provide top-notch service to their clients.

 

 

Caitlyn Hawkins was Davidson Realty’s Top Producer for our Jacksonville Beach office last month. Caitlyn had more than $525,000 in closings and continues to help homeowners quickly sell their homes. In addition to her passion for Real Estate, Caitlyn enjoys blogging on a variety of topics ranging from Design to Real Estate Tips. 

 

 

 

Davidson Realty’s Jacksonville Beach Real Estate office had Steve Rodriguez as their Top Sales Agent in July with $500,000 in sales. Steve is phenomenal and helps his clients navigate the home buying and selling process with ease. He has repeatedly been named among Davidson Realty’s top agents in production and sales.

 

 

Congratulations to the entire team at Davidson Realty and especially to these Top Producers! If you are interested in buying or selling a home in Northeast Florida, let one of our experienced agents help you.

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