Northeast Florida Market Stats | April 2024

May 28, 2024

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“A father doesn’t tell you that he loves you. He shows you.” —Dimitri the Stoneheart

 

Hope all of you wonderful Dads have an amazing Father’s Day in June. You have such a profound impact on your families.

 

The April 2024 market stats from the Northeast Florida Association of Realtors show continued stability in our prices. The median sales price for all property types in all 6 counties is $362,500 which is 0.7% higher than March and 6.6% higher than last year.

 

St. Johns County median price for all property types is $534,245. The single-family homes median price for St. Johns County is $600,000 which tops the record of $585,000 in July 2022. Just to compare the single-family median price in other counties:

 

Baker $305,000
Clay $352,000
Duval $ 345,500
Nassau $484,995
Putnam $244,950

 

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Congratulations to our TOP Producers in January

February 28, 2024

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January 2024 is in the books for us as Davidson Realty . Our team is hard at work selling lots of real estate as usual. We want to congratulate our TOP Producers for a successful January! We asked our Top Agents this month “What is one thing you learned from your last transaction that could benefit your future customers?” Please read on as they share their insights!

 

Our Top Producer, Top Lister and Top Overall Sales Agent for January is Terri Apodaca with over $1 Million in closings.
Terri – One lesson learned from my last transaction is the importance of clear and frequent communication and transparency throughout the entire process. Ensuring that all parties involved have a thorough understanding of the terms, conditions, and expectations and revisiting those items often can help prevent misunderstandings and disputes down the line if circumstances change for one party. This includes being upfront about potential costs, timelines, and any possible challenges that may arise.

Every interaction I have with a customer has the potential to present what might seem like an obstacle. However, these obstacles provide invaluable insights, allowing me to anticipate scenarios where proactive measures may be necessary. Establishing an environment of open communication and transparency is key to effectively navigating these challenges and achieving successful outcomes for all involved.

 

 

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Northeast Florida Market Stats | January 2024

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“Always believe that something wonderful is about to happen.” Coco Chanel

 

I am going to believe the spring real estate market is going to be awesome. It has been a tough two years, but Florida Realtors Chief Economist Dr. Brad O’Connor said, “watch for the Florida real estate market to slowly start growing in 2024 as interest rates flatten and consumers begin realizing what they’re seeing is the new normal in prices and interest rates.”
The Northeast Florida Association of Realtors January market review shows continued price stability. The median sales price of $345,000 is down 4.2% from December but up 4.5% from last year. Prices move up and down each month, but they have stayed in a small range.


There were 1,425 closed sales in January, which is down 28.7% from December and down 11.4% from last year. The numbers are not surprising since mortgage interest rates spiked to around 8% last October and there was very little buyer demand through November. December is not usually a strong month for sales with the holiday season; therefore January closings are down.
The pending sales of 1,705 were also down 4.7% from December and 23.9% from last year.


Dr. Brad O’Connor and Dr. Sean Snaith, a well-known economist with the University of Central Florida, both spoke at the recent annual Florida Real Estate Trends Summit. They both agree that signs point to a slowdown in economic growth at the national level, but Florida is prepared to weather any national economic storm. A few reasons are:
• The state’s labor market is strong.
• Florida’s population growth remains strong at about 1,000 new people a day.
• The state is still attractive to “untethered” remote workers.
• Retirees with home equity looking to relocate are unfazed by high interest rates.
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Northeast Florida Market Stats | December 2023

January 25, 2024

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“Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that.” Martin Luther King, Jr.

Dr. King had so many amazing quotes, but this is one of my favorites. We need more light and love.

 

Let’s review 2023 and look forward to a better 2024 for the real estate market. The Northeast Florida Association of Realtors (NEFAR) market review for December 2023 shows a slight decline of 1.4% in the median sales price from November. The median sales price of $360,000 is up 6.5% from last year (the numbers used are from all types of properties in all 6 counties). The median sales price has moved up and down monthly, but prices have been fairly stable.

 

There were 1,922 closings in December which is 4.5% more than November; however, we are down 13.5% from last year. Pending sales of 1,590 were down 11.5% from November and 9.8% from last year. The number of transactions has been very low in 2023 mostly due to high mortgage interest rates and affordability.

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Congratulations to our TOP Producers in December & the Fourth Quarter!

January 22, 2024

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Another year in the books for Davidson Realty happily serving the Northeast Florida community in all things real estate and so much to be grateful for especially our agents who make it happen on a daily basis for our customers!  We want to specifically acknowledge our TOP Agents for their achievements and success in December and the 4th Quarter of 2023 and share with you their most memorable moments in real estate last year.

 

 

 

Our Overall Top Producer and Top Producer of our Jacksonville Beach Team for December as well as our Top Agent and Top Producer of our Jacksonville Beach Team for the 4th quarter is Candy Gil with over 1.2 Million in closings and sales!

 

 

 

 

Candy – 2023 was a challenging year in real estate. However, after spending many months looking for a home for a lovely couple from Pennsylvania, not having any luck, and  just when we thought it wasn’t going to happen in 2023, one comes on the market, early December, they loved it, put in their offer, was accepted,  closed on her birthday and they and family were able to celebrate the holidays in their brand new home.  It was a great way to end the year.  I look forward to a great 2024.

 

 

 

 

Our Top Producing Team in Closings and Sales for December and the quarter is The Nemethy Group.  Shelley and Tim Nemethy had over 1 Million in closings and over 3.2 Million in sales to finish Q4!

 

 

 

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