Davidson Realty, Inc.

Congratulations to Our FIVE STAR Agents in 2010!

November 24, 2010

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Posted by in Awards, Top Agents

We are so proud to announce that four of our St. Augustine Realtors have been named FIVE STAR Real Estate Agents by Florida Homebuyer Jacksonville magazine for 2010! Over 19,000 recent homebuyers in Jacksonville and 250 mortgage and title companies were surveyed and asked to evaluate real estate agents based on nine criteria: customer service, market knowledge, closing preparation, communication, integrity, marketing of the home, finding the right home, negotiation, and overall satisfaction. And, with this very rigorous research process, our agents came out on top! We couldn’t be happier for Pauline Cake, Juana Husted, Dottie Lay, and Michelle Gonzalez!

pcThis is Pauline’s 5th time being honored as a FIVE STAR Agent! Her customer service cannot be beat, which everyone who has worked with her knows. She has been helping people find their perfect home with Davidson Realty since 2001.Juana Husted

Juana has been named a FIVE STAR Agent three times now!  Due to her technical background, she is very good with details and always goes the extra mile for her customers.

dottieDottie is a four time FIVE STAR Agent now!  Dottie was born and raised in Jacksonville Beach, so she is very familiar with all of Jacksonville FL real estate and is happy to help you find your dream home!michelle g

This is the first of many times Michelle will be named a FIVE STAR Agent! Michelle has had a great year and we know we will see even more from her in 2011!

Less than 7% of actively licensed agents in the Jacksonville area made the FIVE STAR Agent list, so we are very proud to have four of them be part of The Davidson Team. All four of these women are Certified Distressed Property Experts, which means they are extremely knowledgeable in Short Sales and Foreclosure prevention. Please contact them or any of our great Realtors if you have real estate related questions or need help buying or selling your home.

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5 Things to Know About Davidson Realty

June 30, 2010

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Posted by in Awards, News

DSC_0137Pardon our cheering but sometimes you just have to grab the bullhorn and get the word out!  Check out these 5 things to know about our Jacksonville FL real estate company and you’ll understand our enthusiasm.  Don’t get us wrong, things could definitely be better for the real estate market, but we are proud of the following:

1. In the past 12 months, our Agent staff has doubled.
2. We continue to be the biggest lister in World Golf Village, and now we’re the top lister in Palencia too. 
3. Our reach has expanded beyond St. Johns County and St. Augustine to include Jacksonville Beach, Ponte Vedra and even Flagler County.
4. According to the Jacksonville Business Journal, Davidson Realty is now among the top 10 real estate agencies in the area.
5. Most of our Agents now hold CDPE (Certified Distressed Property Expert) designations, so they can shrewdly advise clients on the ins and outs of today’s market, including short sales and foreclosures.

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Updates on Short Sales from the CDPE Momentum Convention

June 9, 2010

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Posted by in Distressed Properties, News, Short Sales

untitledAt the end of May, I was fortunate to go on a road trip with Davidson Realty’s Short Sale Coordinator Cindy Vaughn to Tempe, AZ to attend the Certified Distressed Property Expert (CDPE) seminar. We had a great time and learned a lot. There were many great speakers and I wanted to share some of the comments I found most interesting.

Rick Sharga from Realty Trac Inc. talked about three waves of foreclosures. The first wave of foreclosures occurred when employment was strong and the economy was growing. These foreclosures were caused by the sub-prime loans. The second wave of foreclosures was caused by unemployment. They estimate that there is 1 foreclosure for every 6 to 10 jobs lost. The third wave of foreclosures is mainly due to Option Arm loans resetting. Many people will see payments rise by $1,000 to $1,500 per month. The resetting Option Arms will peak in 2011.

Matt Vernon from Bank of America spoke about improvements to the short sale process using a new technology called Equator. Just to give you an idea of their volume of short sales, in March 67,000 short sales were initiated and 64,000 decisions were made. They have made major improvements in the time frame for approvals; however, Matt pointed out that only about 10% of the loans are owned by Bank of America. Most of the approvals have to be made by an investor and some investors respond more timely than others. Read more

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January NEFAR Market Statistics May Surprise You!

February 22, 2010

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Posted by in Northeast Florida Market Trends

Sherry DavidsonIf you have been reading my market analysis for the last few months, you probably think you can skip this one because I have been saying the same thing over and over. Well this month brings a few surprises.

My first surprise is that closed sales for January 2010 were about 40% less than December 2009. There were 1,316 closings in November, 1,365 in December and 834 in January.

This looks like very negative news, but I believe the reason for the decline in closings was mainly due to short sales. We saw lenders approving and closing short sales in December to get them closed by year end. Maybe the holidays were also a factor, but we did not see any short sales making it through the process in January. Read more

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NEFAR Market Stats for December Show Low Interest Rates and Incredible Housing Values

January 25, 2010

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Posted by in Northeast Florida Market Trends

I have to admit I am not sorry that 2010 has arrived and 2009 is behind us. I do believe the worst is over for real estate in St. Augustine, FL.

The Northeast Florida Association of Realtors market statistics show we had more closings and pending sales in 2009 than in 2008. We had 14% more closings with a total of 14,381 and 25% more pending sales for the year with 15,836.

The prices continued to drop during 2009. The median price for the year 2009 was down 15%. The average price for 2009 was down 19%. The December average and median price did drop slightly from the November numbers, but I still say the prices are stabilizing in our homes in St. Augustine.

I looked at the data for the 32092 zip code which includes World Golf Village and the surrounding communities. The activity for 2008 and 2009 was about the same. There were 596 transactions for 2009.The average price for homes in the 32092 zip code was $233,370 which was approximately a 16% decrease from 2008. There has been about a 30% decrease in average sales price since the peak of the market in 2006. Read more

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