Davidson Realty, Inc.

Real Estate Market Update

November 30, 2020

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Posted by in News

“It is not joy that makes us grateful; it is gratitude that makes us joyful.” David Steindl-Rast

 

I am very grateful to everyone that supported the 2020 Davidson Cares Clay Day! Thanks to your generosity we raised over $40,000 to be split evenly between Builders Care, St. Augustine Youth Services and Investing in Kids.

 

The Northeast Florida Multiple Listing Service shows continued buyer demand and low supply. There were 3,192 closed sales in October which is 24.5% more than the 2,564 last October. The spring buying season got delayed, but we are up 5.6% for year-to-date closings over last year.

 

Pending sales of 3,153 are 18.4% more than the 2,663 pending sales last October. We are up 10.2% year-to-date.

 

There are 6,109 active listings which is down 34.5% from the 9,332 last October.

 

The National Association of Realtors (NAR) 2020 Buyer/Seller Survey has some interesting findings. “The coronavirus, without a doubt, led homebuyers to reassess their housing situations and even reconsider home sizes and destinations,” says Jessica Lautz, vice president of demographics and behavioral insights for NAR. “Buyers sought housing with more rooms, more square footage and more yard space, and they may have desired a home office or home gym. They also shopped for larger homes because extra space would allow households to better accommodate older adult relatives or young adults that are now living within the residence.”

 

The 7 Buyer pandemic-related trends:

  1. Multigenerational homes grow in popularity
  2. Homes are pricier
  3. Shorter house tenures expected
  4. More renters become owners
  5. Buyers love suburbia
  6. Searches speed up
  7. Certain buying segments grow

The 7 Seller pandemic-related trends:

  1. Looking to upsize
  2. Feeling urgency
  3. Technology’s importance grows
  4. Incentives haven’t disappeared
  5. Equity gains
  6. Long-timers appear more motivated to move
  7. Desire to live close to family remains strong

It will be interesting to see future housing trends. For now, we are seeing multiple offers on listings and many potential sellers are on the sidelines.

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Community First – MasterCraft Builder Group Supports Davidson Cares Clay Day

November 16, 2020

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Posted by in Community Involvement, Events, News

For many years, Davidson Realty President, Sherry Davidson heard about an incredible event and fundraiser called Clays for a Cause hosted by MasterCraft Builder Group. Mastercraft Builder Group put together the event for friends and trade partners to raise money for local charities while enjoying each other’s company at the same time.

 

Clays for a Cause and MasterCraft Builder Group have not only been major supporters of Davidson Cares Clay Day but truly the inspiration behind it. “I drew inspiration for Davidson Cares Clay Days from MasterCraft’s Clays for a Cause because of how wonderful and fruitful of an event Chris Shee, Founder and CEO of MasterCraft Builder Group, had put together with this team. When I decided I wanted to do something similar, I reached out to Chris and he provided me the insight that allowed me to create an event that was our own,” shares Sherry.

 

With deep roots in Northeast Florida, MasterCraft Builder Group appreciates the importance of being an integral part of this community and giving back. MasterCraft Builder Group is a semi-custom builder and community developer that specializes in thoughtful designs and exceptional quality to meet the needs of the modern family by providing luxury living at an affordable price. MasterCraft Builder Group currently has homes in RiverTown, TrailMark, SilverLeaf, Shearwater, and Madeira. For the second year in a row, MasterCraft Builder Group has been proudly named the “Best Home Builder” in St. Augustine.

 

“Whenever I think of Chris Shee, I remember when he told me ‘You can’t out give God’. That has stuck with me and I am constantly inspired by his good work and dedication to our community,” Sherry Davidson said. Chris Shee and his team definitely have giving hearts. This year, MasterCraft Builder Group partnered with nonprofit Builders Care to build the 2020 Home From The Heart and will be donating more than $100,000 to the organization to support their mission to provide affordable to no-cost construction services to the elderly, disabled, and other nonprofits in Northeast Florida.

 

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 5th Annual Davidson Cares Clay Day was held on October 29, 2020 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 were invited to participate and enjoy a safe shooting experience with no group gatherings.

 

In association with the event, there was also a raffle contest. Prizes included a 65-quart YETI cooler with 13 full-size liquors and a CMOR mapping card.

 

The $40,500 raised from the event and raffles went directly to Builders Care, St. Augustine Youth Services (SAYS), and Investing in Kids (INK!) in equal sums.

 

Visit DavidsonCares.com to learn more about these organizations and donate to support their causes.

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CONGRATULATIONS TO OUR TOP PRODUCERS FOR SEPTEMBER AND THIRD QUARTER

October 15, 2020

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Posted by in News

Davidson Realty ended the third quarter with another successful month of real estate transactions. Agents from Davidson Realty’s St. Augustine and Beaches offices finished the month with 31 closings totaling more than $9.7 million and 35 contracts totaling more than $9.6 million in sales. Congratulations to Davidson Realty’s Top Producers for their hard work in September and the third quarter. 

 

 

The Top Producer and Top Lister for the month of September was Mirtha Barzaga with more than $1.8 million in closings. Mirtha was also Davidson Realty’s Top Sales and Top Listing Agent for the third quarter with more than $2.5 million in listings sold and $1.7 million in buyer sales. Mirtha dedicates her time to Davidson Realty’s mentoring program to help other agents achieve success in real estate. 

 

 

Davidson Realty’s Top Sales Agent for the month of September was Suzy Evans with more than $1.8 million in sales. With more than $4.9 million in closings, Suzy was Davidson Realty’s Top Producing Agent for the third quarter. Suzy has been named one of the Top 50 Best Real Estate Agents in Northeast Florida by the Jacksonville Business Journal. 

 

 

The Nemethy Group was Davidson Realty’s Top Producing and Top Sales Team for September and the third quarter. In September, The Nemethy Group had more than $2.6 million in closings and more than $2 million in sales to round out the third quarter with more than $8.5 million in closings and $6.2 million in sales. Tim and Shelley Nemethy are ready to help guide you through the home buying and selling process to ensure a stress-free experience. 

 

 

Candy Gil was Davidson Realty’s Top Producing and Top Sales Agent for our Jacksonville Beach office last month with more than $850,000 in closings. Candy was also Jacksonville Beach Top Sales Agent for the quarter with more than $1.5 million in sales. Candy continually proves to be one of Davidson’s most valuable agents. In addition, thanks to her background as an interpreter and teacher, Candy is a superb choice for Spanish and English-speaking clients alike.

 

 

Caitlyn Hawkins was Davidson Realty’s Jacksonville Beach office third quarter Top Producer. Caitlyn had more than $1.8 million in closings and strives to help her clients sell their homes quickly. Caitlyn and her husband are having the time of their lives raising their young family here in North Florida, and love taking advantage of everything the First Coast has to offer. 

 

 

Congratulations to the entire Davidson Realty team and especially to these Top Producers! If you are interested in buying or selling a home in Northeast Florida, call one of our real estate experts today!

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Real Estate Market Update

October 14, 2020

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Posted by in News

“A hero is an ordinary individual who finds the strength to persevere and endure in spite of overwhelming obstacles.”

Christopher Reeve

 

2020 has certainly presented some overwhelming obstacles and I have seen many heroes step up to help others. Many generous people are supporting our Davidson Cares Clay Day on October 29th and the charities are so grateful. You can still register to shoot or buy raffle tickets at DavidsonCares.com.

 

The Northeast Florida Association of Realtors market stats for September show continued strong demand for homes in Northeast Florida. There were 3,307 pending sales in September 2020 which is 36% more than the 2,436 in September 2019. We are up 9% year-to-date over the same period last year.

 

The inventory of homes for sale of 5,869 is down 39% from last September. This is the lowest level of inventory we have seen in this market. During the 2003 to 2005 timeframe when inventory was very low, there were still around 7,000 homes on the market.

 

The month’s supply of inventory is at 2.0 months. A balanced market is 5 to 6 months of inventory.

 

The median sales price is up 8% and the average sales price is up 10% year-to-date due to the increased demand and low supply.

 

Dr. Brad O’Coonor, the Florida Realtors Chief Economist provided some insight at the recent Florida Realtors convention. “The pace of residential building is still behind last cycle’s highs, and while building has continued through the pandemic as construction was deemed an essential occupation, costs of materials and labor have increased. Safety protocols for workers, some disruption in supply chains, and increased demand for materials all have translated into cost increases. Coupled with some uncertainty in lending, relief on the supply side is not coming from new construction.  For existing homes, the tap is dwindling to a dribble as current homeowners are living in their homes for an average of 10 years compared to only seven during the early 2000s. Uncertainty in the economy is also prompting people who can to stay put. That said, demand continues to be strong, as those who were sitting on the sidelines are feeling the pull to jump into a home for the first time or finally trade up, fueled in large part by record-low interest rates and the desire to upgrade to more “pandemic friendly” homes and locations. This all leads to an imbalanced market with demand outstripping supply, particularly in the single-family home category.”

 

It is a great time to sell your home! If we can be of any assistance in understanding the market or the value of your home, please let us know.

 

Enjoy the baseball playoffs and all the other great sports. Go Braves!

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Showing They Care – Riverside Homes Supports Davidson Cares Clay Day

October 9, 2020

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Posted by in Community Involvement, Events, News

In 2016, Davidson Realty President, Sherry Davidson decided to put together a clay shoot fundraiser to support worthy causes. “I had no idea if anyone would want to be a sponsor,” Sherry said. “My first call was to Chris Wood (co-owner of Riverside Homes). He supported us with the largest sponsorship and has continued to generously do so every year since!”

 

The relationship between Davidson Realty and Riverside Homes is longstanding and built on a foundation of mutual respect. Davidson Realty and Riverside Homes often collaborate on projects and have enjoyed developing a strong relationship.

 

From lunch and learn opportunities to wine and appetizer events, Riverside Homes regularly invites Davidson Realty agents to their model homes throughout Northeast Florida to share information about new developments and floor plan designs. Riverside Homes is always a gracious host that, simply, does things right! Recently, Riverside Homes and Davidson Realty teamed up to create a series of videos to highlight the features and amenities of one of the newest communities in St. Johns County, SilverLeaf.

 

Riverside Homes is a locally-owned and award-winning home builder in Jacksonville, Florida with over 15 years of new home building experience including the 2019 Southern Living Idea House in Amelia Island, FL. Riverside Homes builds in amazing neighborhoods and provides designs that fit the way today’s families live. Every component of a Riverside Home is carefully crafted to ensure quality and value. Riverside Homes is currently building in St. Augustine, Ponte Vedra, Amelia Island, Fernandina Beach, St. Johns, Yulee, and Fleming Island.

 

“Riverside Homes is special. Chris Wood and Matt Roberts (owners of Riverside Homes) are genuine, caring, and filled with integrity. They are amazing people to do business with. What truly amazes me about this team is the respect and relationships they have with other builders who are their competitors,” Sherry continues.

 

Over the past four years, Davidson Cares Clay Day has raised more than $220,185 to support charities in need because of generous sponsors like Riverside Homes. To learn more about Riverside Homes visit their website at www.myriversidehome.com or call 904-530-4720.

 

Davidson Cares Clay Day

 

All are invited to attend the 5th Annual Davidson Cares Clay Day on October 29, 2020, at Jacksonville Clay Target Sports. Davidson Cares Clay Day will include two sport shooting events, beginner skeet, and sporting clay. Individuals and teams from beginner to expert levels are invited to participate. Come enjoy a safe shooting experience with no group gatherings!

 

In association with the event, there will also be a raffle contest. Prizes include a 65-quart YETI cooler with 13 full-size liquors.

 

Money raised from the event and raffles will go 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 participating in Clay Day and purchasing raffle tickets! Visit DavidsonCares.com for more information.

 

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