Congratulations to all our Top Producers for October!

November 23, 2022

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In the spirit of giving with the holiday season quickly approaching, Davidson Realty wants to express our gratitude for all of our wonderful agents who work tirelessly to serve their customers and community in the ever-changing real estate market.  We especially want to recognize our top performers for October and share with you some of their most memorable experiences in real estate they are grateful for.  Read on as we acknowledge them for their achievements, and they share their heartfelt memories.

 

 

Our Top Producer for October with over $1.7 million in closings is Liz Pappaceno.

 

 

 

 

 

Liz – My most memorable experiences that I had in my real estate career is more than one with the same customers.  I met them when I was working rental in the Fall of 2014.  They were a British couple moving to Northeast Florida from North Carolina.  I was trying to find them a rental before they went back to North Carolina.  We found something on their last day here.  They applied for the property but did not have any way of getting the funds to the Property Management Company quickly for them to process the rental application.  I drove to the property management company’s office and paid the rental application fee in order for their application to be processed so they could secure the rental. 

 

They did pay me back in abundance.  The story continues.

 

 In 2017 I assisted them when they were ready to purchase their first home in the United States.  After showing them many homes, I showed them a house which was my listing (It was also my personal property).  During the Inspection process another home in the neighborhood came on the market which I thought was better suited for them.  They decided they liked the other house better.  I allowed them out of the contract and returned their escrow to them allowing them to buy the other home which they did.

 

They have referred me to many customers over the years but what I am most grateful for is their friendship.  If it was not for my real estate business, I would have never met them.  I am truly grateful for them and for all the other friends I now have if it was not for my real estate career.

I am truly blessed.

 

 

 

 

Our Top Producing and Top Sales Team for October is The Nemethy Group with Shelley and Tim Nemethy.

 

 

 

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Northeast Florida Real Estate Market Update

November 22, 2022

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“Reflect upon your present blessings—of which every man has many—not on your past misfortunes, of which all men have some.” —Charles Dickens

Thanksgiving is my favorite holiday; I love to reflect upon my blessings.

 

The Northeast Florida Association of Realtors (NEFAR) market stats for October continue to show the median sales price stabilizing. Since April, the median price has gone slightly above or below $350,000 each month and ended at $355,000 for October.

 

NAR Chief Economist Lawrence Yun recently spoke at the NAR conference and said “For most parts of the country, home price are holding steady since available inventory is extremely low. Some places are experiencing price gains, while some places, most notably in California, are seeing prices pull back.”

 

Yun mentioned the difference between current market conditions and the Great Recession. “Housing inventory is about a quarter of what it was in 2008. Distressed property sales are almost non-existent, at just 2%, and nowhere near the 30% mark seen during the housing crash. Short sales are almost impossible because of the significant price appreciation of the last two years.”

 

There were 2,344 closed sales in October which is down 27.1% from last year but an increase of 11% from September when Hurricane Ian had some impact. Pending Sales of 1,968 were almost the same as September when we had 2,029 pending sales.

 

Active inventory is at 7,237 properties which is up 18.2% from the 6,125 properties in September. We now have 3.1 months supply of inventory compared to 2.9 months in September. Five to six months of inventory is a balanced market.

 

Lawrence Yun expects home sales to decline by 7% in 2023 with the national median home price increasing by 1%, with some markets experiencing price gains and others price declines.

 

The prices are stabilizing, the closings and pending sales are down, inventory is up but still below pre-pandemic norms. It appears that buyers are continuing to buy homes just not at the frenetic pace we have seen for the last two years.

 

Wishing you and your family a wonderful Thanksgiving holiday!

Congratulations to all our Top Producers for September & the Third Quarter!

October 26, 2022

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Davidson Realty is proud to announce our top real estate agents for September and for the 3rd Quarter of 2022.  Read on as our best share their professional insights on some of the most sought-after questions in our local Northeast Florida market right now.

 

 

 

Our Top Producer for September and the 3rd Quarter is Suzy Evans with $2.3 million in closings.  Q&A with Suzy:

 

 

 

 

Q – How do you stay up to date with current trends and best practices?

Suzy – Living in St. Johns County and selling real estate from Jacksonville to Palm Coast I spend many miles in my car.  Saturating this time listening to podcasts and participating in the social network “Clubhouse” I am able to connect with realtors & supporting professionals all over the country. As part of this round table of agents we are able to share best practices, new ideas and experiences.  As a CRS, Certified Residential Specialist I am afforded the opportunity for extensive advanced continuing education to stay on top of local and National market trends.   Frequent communications with my preferred mortgage lenders keep me informed of influential factors in mortgage rates. 

 

 

 

 

 

Davidson’s Top Producing and Top Sales Team for September and the 3rd Quarter is The Nemethy Group (Shelley & Tim Nemethy) with $3.5 million in sales.  Q&A with Shelley & Tim:

 

 

 

Q – What are some examples of home projects that will increase the value of a home before selling?

Shelley & Tim – A buyer is attracted to a well-maintained house. In our experience, they don’t mind as much dealing with some upgrades if the home’s major components will not be a concern for them (Roof, HVAC, Hot Water Heater, Plumbing, Electrical).  We always like to walk through the house with the seller and ask them to look at it as if they were the potential buyers. Buyers are pickier as the market adjusts and it is so important to present a clean home that smells good. Invest in having a deep professional clean, put some fresh paint on the walls and baseboards and replace or clean any carpets, if necessary. Finally, think about the curb appeal. The landscaping should be pleasing to the eye as the potential buyer walks up to the house. Don’t forget about the backyard, as well!

 

 

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Northeast Florida Real Estate Market Update

October 18, 2022

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“When I stand before God at the end of my life, I would hope that I would not have a single bit of talent left, and could say, ‘I used everything you gave me’.” Erma Bombeck

 

I had to share one of my favorite quotes.

 

The Northeast Florida Association of Realtors (NEFAR) market stats for September 2022 show home prices declining slightly, closed sales and pending sales declining, days on the market, and active inventory increasing.

 

The median sales price for all property types for NEFAR is $347,995 which is down 2% from $355,000 in August. For single-family homes by county compared to the previous month:

 

Duval – $335,000 down 1.5%

 

Clay – $335,990 down 2.9%

 

St. Johns – $561,495 up 1.2%

 

Putnam – $210,725 down 10.3%

 

Nassau – $408,990 up 0.2%

 

Mark Rosener, NEFAR President said, “I anticipate that the median price will continue to fluctuate month to month in the 3-5% range in either direction for the balance of the year.”

 

Closed sales of 2,032 is down 23.2% from 2,647 closings in August. Pending sales of 2,100 are down 17.1% from 2,533 sales in August. Mark said “Closed and pending unit sales suffered from Hurricane Ian’s impact when the powerful storm interrupted services during the last week of the month, a time when many properties close and/or go under contract. Many of the properties scheduled to close in that last week should shift to close in the first half of October.” The insurance companies will not write policies when a storm is near, and some properties must be reinspected before they will insure.

 

The active inventory increased from 6,015 in August to 6,789 in September, a 12.9% increase. The months supply of inventory increased from 2.3 months of supply to 3.3 months, a 47% increase.

 

In summary, the prices have declined slightly, the closings and sales have decreased, and inventory has increased. Home buyers are more cautious and rising mortgage rates have impacted their purchasing power. The buyers have more homes to choose from and more negotiation room. The sellers have lost a little edge, but the prices are still much higher than they were one or two years ago.

 

It is a great time to buy or sell. Please let us know if we can assist you in any way.

Partners with Purpose: Riverside Homes Supports Davidson Cares Clay Day

October 12, 2022

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Seven years ago, Davidson Realty President, Sherry Davidson began to organize a clay shoot to raise money for local organizations. “As the event was taking shape, I knew I needed sponsors. My first call was to Chris Wood, co-owner of Riverside Homes,” shares Davidson. “Chris immediately agreed to the largest sponsorship and Riverside Homes has continued that same support every year.”

 

“Riverside Homes is proud to sponsor Davidson Cares Clay Day. We love partnering with organizations in Northeast Florida that have a heart for giving,” shares Matt Roberts, co-owner of Riverside Homes. “The relationship between Riverside Homes and Davidson Realty is built on mutual admiration. From business to philanthropy, we are united by a common desire to serve the community.”

 

Riverside Homes is a locally-owned and award-winning home builder in Jacksonville, Florida with decades of combined 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 Fernandina Beach, Fleming Island, Ponte Vedra, St. Augustine, St. Johns, and Wildlight.

 

Our Davidson Realty team loves to work with Riverside Homes. “We are overjoyed when we get to help customers purchase a home from a builder we know will deliver an outstanding home. Working with a local builder that is involved in the community and treats everyone with respect gives our agents and customers peace of mind,” continues Davidson. “In fact, Erik Wilson of Riverside Homes is a member of the Davidson Cares Board and brings his insight and extremely caring spirit to the board of directors.”

 

Over the past seven years, Davidson Cares Clay Day has raised more than $330,000 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

The 7th Annual Davidson Cares Clay Day will be held on October 20, 2022, at Jacksonville Clay Target Sports. Davidson Cares Clay Day includes two-sport shooting events, beginner skeet and sporting clay. Individuals and teams from beginner to expert levels participate.

 

In association with the event, there is a raffle contest. Prizes include a 65-quart YETI cooler with 13 full-size liquors and a 12-Gauge Beretta A400 XCEL Sporting shotgun.

 

Money raised from the event and raffles will go directly to Builders Care, St. Augustine Youth Services (SAYS), Investing in Kids (INK!), Port in the Storm Homeless Youth Center, and Hope is Restored.

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