“It’s not how much we give, but how much love we put into giving.” Mother Teresa

There was a huge amount of love put into giving at our Jim Davidson Annual Clay Day on October 19^th. We were able to donate $150,000 to local charities that he loved. Thank you from our entire family for the love and support!

The September market stats from the Northeast Florida Association of Realtors show that prices remain stable, closed and pending sales are down and supply is up.

The median sales price of all types of properties in all six counties is $350,000 which is down 1.4% from $355,000 in August. The prices have moved up and down slightly on a monthly basis to stay in a small range for the last year.

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“Do your little bit of good where you are; it’s those little bits of good put together that overwhelm the world.” ― Archbishop Desmond Tutu

Jim Davidson’s Annual Clay Day is coming up October 19th. We renamed our Davidson Cares shoot this year to honor Jim. Through your amazing generosity, we have already raised over $25,000 in contributions in Jim’s memory. Last year the shoot raised $101,000 so this year our donations to Jim’s favorite charities are going to be big.

We have almost sold out of teams, but if you want to participate, please go to DavidsonCares.com and buy a raffle ticket or donate. We have our cooler and cocktail raffle, the shotgun, and this year we have added a $1,000 gift certificate to the Ponte Vedra Spa. Be a part of the donations to our amazing local charities.

The Northeast Florida Association of Realtors (NEFAR) market stats for August show the median sales price of $357,000 has been stable for the last 4 months. It has only moved up or down slightly in the last few months.

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“Discipline is choosing between what you want now and what you want most.” Abraham Lincoln

The Northeast Florida Association of Realtors market stats continues to present a unique real estate market in 2023. The median sales price of $360,000 is up slightly (1.4%) from May and down 1.6% from last year. The prices bottomed out at $330,705 in January 2023 and have been steadily rising since. Prices are dictated by supply and demand. Our supply is low, and demand continues to be steady.

You may have seen the article in the Daily Record by Gregg Cohen with JWB Companies. He listed several factors that indicate real estate in Northeast Florida is not likely to crash.

• Low inventory levels
• Surging population growth
• Strong job market
• High equity levels in existing homes

Brian Buffini also talked about high equity levels in his recent Bold Predictions. He said nationally 39% of homes are owned free and clear, 29% have 50% or more equity in their home which leaves 32% of owners with less than 50% equity. These stats don’t look anything like the Great recession.

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