CONGRATULATIONS TO OUR TOP PRODUCERS IN SEPTEMBER & THE THIRD QUARTER!

October 13, 2021

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The real estate market is still very active but a little less crazy than a few months ago. It is a great time to list your home with many buyers looking for a home.

 

We had a great September with over $10 Million in closings and over $17 Million in sales.

 

The Top Producer for September and the 3rd quarter is Mirtha Barzaga. Mirtha is also the Top Sales Agent and Top Lister for the quarter. Mirtha closed and sold over $5 Million for the quarter. With all of her awards, Mirtha is very focused on each customer’s needs. Most of her business is generated from referrals from all of her satisfied customers.

 

 

 

The Top Sales Agent for September is Reba Barkley with $1.9 Million in sales for the month. Reba provides extra responsive service and care to each customer. Her background as an educator for 25 years honed her skills of listening, assessing and meeting her customers needs and they love working with her.

 

 

 

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Three Businesses Coming Soon to Northeast Florida

October 5, 2021

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The First Coast is constantly welcoming new businesses of every variety. With a guarantee for a hot and interesting restaurant or business to experience in the area, Northeast Florida is a wonderful place to live. “Businesses that come to the First Coast are greeted with open arms by the thriving community. With so many heavy traffic commercial areas and a bustling calendar of events in the area, there is no shortage of opportunity for businesses to flourish,” shares Davidson Realty President, Sherry Davidson. We’re sharing a few new businesses to put on your radar as they gear up to call Northeast Florida home. 

 

Tru by Hilton

A new hotel is coming to South Jacksonville! Tru by Hilton will be coming to the Bowden area near Southpoint. The city issued a permit in early September 2021 to build the four-story, 45,000-square-foot hotel that will cost more than $6 million. This new location joins two other Tru by Hilton properties in the area. 

 

The Sugar Factory

Have you heard? The self-proclaimed sweetest place on Earth is getting ready to call Jacksonville home. Markets at Town Center will be welcoming a new occupant to the former Brio Tuscan Grille property: Las Vegas-based Sugar Factory American Brasserie. The Sugar Factory, which was founded in 2009, operates fifteen locations in the United States and four overseas. The location in the Town Center will be the chain’s fourth location in Florida. The Sugar Factory is known for over-the-top sundaes, cocktails, and milkshakes while also offering a variety of savory pasta, steak, and burger dishes. 

 

Dolly Llama Waffle Master 

Another sweet business is coming to Northeast Florida! The Dolly Llama Waffle Master will likely be coming to Ponte Vedra Beach in 2022. The shop’s handcrafted waffle cones are filled with ice cream and can be customized with a variety of tasty toppings. This will be the first Dolly Llama location in Florida. The concept debuted in 2017 in Los Angeles. Menu favorites include the Cinnalover signature shake, Dolly’s Dream signature waffle, and Snow Storm ice cream. 

 

With Northeast Florida being such an attractive area for businesses, there is no shortage of new shops to explore.

Real Estate Market Update

September 22, 2021

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“Fear does not stop death. It stops life. And worrying does not take away tomorrow’s troubles. It takes away today’s peace.” Unknown

It is easy to agree with the truth of this quote, but much harder to live it.

 

The Northeast Florida Association of Realtors market stats for August continue to show rising prices, continued high buyer demand, and low inventories of available homes. The most recent trend we are seeing is double-digit rent increases.

 

“Put simply, August trends suggest rents are making up for lost time. Rents remained low during some of the worst months of the pandemic, growing at a sub-2% pace from September 2020 to March 2021, which is also when for-sale home prices were growing by double-digits,” said Realtor.com Chief Economist Danielle Hale.

 

Many buyers are unable to find a suitable home to purchase and have been forced into the rental market. According to Apartment List, rents in Jacksonville have risen 19.7% since August 2020, and 4.4% since July 2021.

 

There were 3,787 new listings in August, up 5.7% from last August and 6.7% year-to-date. The builders are also adding more homes. Industry sources predict an 11% to 12% increase in housing starts for 2021 or about 1.55 million units. That would be up from 1.38 million housing starts in 2020, which was a 7% increase over 2019. (Business Journal article) Builders are still being delayed by materials like windows and appliances and labor shortages.

 

The good news for buyers is that the frenzy of competitiveness of the spring market has cooled a bit. Some sellers are still pricing their homes very high, but many buyers are no longer willing to pay the prices they were during the spring and the homes are sitting or the sellers are reducing the price. While 41.0% of homes sold over list price, that is down from 44.8% in July.

 

There were 3,424 pending sales down 2.0% from last August, but up 12.4% year-to-date. Closed sales of 3,200 were down 3.1% from last August, but up 15.6% year-to-date.

 

The median sales price of $300,000 is up around 14% month-over-month and year-to-date. The average sales price of $362,699 is up 14.2% month-over-month and 17.7% year-to-date.

 

There are 4,651 homes available for sale which is down 37.2% from last August and we have 1.4 months of supply available. Five to six months is a balanced market.

 

While we are seeing more homes come available, the buyer demand remains very strong. We should continue to see prices increase, multiple offers, and increased rental rates.

 

Please come join us on October 21st for our major fundraiser, Davidson Cares Clay Day. We support Builders Care, St. Augustine Youth Services, and Investing in Kids. Go to DavidsonCares.com and register or buy a raffle ticket for one of our great prizes.

 

We appreciate your support and referrals. Please let us know if we can assist you in any way.

CONGRATULATIONS TO OUR TOP PRODUCERS FOR AUGUST!

September 14, 2021

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The demand from buyers is still very strong in Northeast Florida. However, we are seeing signs that the market is becoming a little less frenetic.

 

I would like to congratulate our top producers at Davidson Realty for August.

 

The Top Producer (most closings), Top Listing Agent and Top Overall Sales is Mirtha Barzaga. Mirtha works very hard for her buyers and sellers. She had over $1.6 million in closings for the month. In addition to serving her customers, Mirtha constantly gives back to her community.

 

 

 

 

The Top Buyer Sales Agent is Suzy Evans. Suzy had over $1 million in sales for the month. Her customers love her use of technology, her great marketing and negotiating skills and her attention to detail.

 

 

 

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Upcoming World Golf Village Office Park is a Welcomed Solution for Much-Needed Office Space in St. Johns County

August 31, 2021

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Posted by in News

Northeast Florida is a vivacious area with new developments popping up all over town. A new office park development, WGV Office Park, has sparked excitement in St. Johns County. Located at the entrance of the King & Bear, this five-building office park will total more than 44,000 square feet of much-needed office space in the area.

 

“The owners purchased the land at the beginning of July 2021 from Fletcher Davis. At that time they partnered with Matt Harkins of DL Harkins Construction out of Orlando on the project. Matt has a great deal of experience with developing office condos and has been involved in many successful projects,” shares Sam Davidson, Realtor® at Davidson Realty and Vice President of Special Operations for Davidson Development. “Right now, the project is in final review from the county and is expected to break ground in November 2021. Work on the first two buildings will begin approximately thirty days later with delivery scheduled for Spring of 2022.”

 

Occupants of the office park will have a space built to last as the buildings will have concrete block walls and Hollow Core System roofs. They will also be just across the street from Publix-anchored Shoppes at Murabella and a surrounding community that is growing fast both residentially and commercially.

 

“It should be a huge benefit to both World Golf Village and the surrounding area. There is a real lack of office space in St. Johns County as a whole and especially in the World Golf Village area. This will allow local residents to work closer to home and serve their friends, family, and neighbors,” shares Davidson. “It will also help bring much-needed support services such as attorneys, doctors, and insurance agents to the community. This project has been designed with spaces starting at 1,120 square feet and going up to 12,000 square feet, which allows for the ability to accommodate companies of all sizes.”

 

If you are interested in owning an office condo in the new WGV Office Park, contact Sam Davidson at (904) 502-2397 or jsdavidson@davidsonrealtyinc.com or Tim Nemethy at (904) 553-6194 or tnemethy@davidsonrealtyinc.com

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