CONGRATULATIONS TO OUR TOP PRODUCERS FOR JUNE & THE 2ND QUARTER!

July 12, 2021

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The Northeast Florida real estate market continues to be very exciting. We still have a limited supply of homes and very high buyer demand. The sellers are definitely in the best position in this market and there is very little flexibility when asking for an extension because of a delay with a survey, appraiser or lender. This market requires a very skilled Realtor to handle all the moving parts to get a home to closing in a timely manner. The dynamics of this market make it even more difficult to find buyers a home and get it successfully closed under the terms of the contract.

 

I say all of the above, to emphasize the achievements of the top agents we are recognizing this month and quarter. The agents at Davidson Realty are working tirelessly for their customers.

 

The Top Producer and Top Sales Agent for June is Mirtha Barzaga. Mirtha is also the Top Producer, Top Sales and Top Lister for the 2nd quarter. Mirtha had $6.3 Million in closings and $7.3 Million in sales for the quarter helping 17 customers close their home either buying or selling. If you need any assistance buying or selling, give Mirtha a call.

 

 

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Davidson Realty Welcomes New Agents Yana Austin, Julia Simon, and Melissa Lampugnano to Team of Experts

July 7, 2021

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Davidson Realty is constantly growing as they help individuals and families achieve their real estate dreams. The team at Davidson Realty is proud to introduce three new members to their family! 

 

Yana Austin

Yana Austin comes to Davidson Realty excited and eager to help her clients find their dream homes. As a resident of North Florida since 1995, Yana loves sharing all the wonderful things that make the First Coast such a wonderful place to live with her clients. “Yana is a wonderful addition to the Davidson Realty Team. She treats her clients like family and is a wonderful advocate for them through the process of buying and selling a home. Yana’s passion for people makes her a joy to work with,” shares Davidson Realty President, Sherry Davidson. Prior to moving to the Sunshine State, Yana lived in Belarus and is fluent in Russian. When she is not working, Yana is likely cheering on her two kids on the soccer field! 

 

Julia Simon

With more than a decade of managing and planning experience, Julia Simon is joining the team of real estate experts at Davidson Realty. Julia has a passion for service and, as an active member of the Northeast Florida community, is ready to serve her clients as they find their next home or investment property. “Davidson Realty is excited to welcome Julia to the team! Julia is hardworking and will go the extra mile for her clients to ensure they truly love where they live. Julia’s knowledge of the area along with her heart for service will be true assets to her clients,” shares Davidson. 

 

Melissa Lampugnano

Melissa Lampugnano comes to Davidson Realty with more than twenty years of experience in the field of internet technology. Along with her extensive experience in technology, Melissa enjoys networking and meeting new people. In 2021, Melissa established her own business dedicated to helping businesses connect to the community through various events. Melissa’s now making the transition to real estate and ready to bring her multitude of talents to serve her clients. “Melissa is dedicated and a tremendous resource to her clients. She is a professional and we are proud to have her represent the Davidson Realty brand,” shares Davidson. Melissa is dynamic and ready to build her real estate career. 

 

If you are interested in a career in real estate with Davidson Realty, call us today at (904) 940-5000.

Pros and Cons: New Construction vs. Resale

July 2, 2021

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Owning a home is likely more difficult now than ever before. With the slim inventory of homes for sale, homes are FLYING off the market. From the rise in home prices to competitive bidding wars, homeowners have to wonder: is it worth just buying new construction?

 

“This question is tough to answer these days. The inventory is slim and prices have gone up on both sides. For most buyers, timeline is the key decision driver when choosing between new construction or an existing home,” shares Davidson Realty agent Shelley Nemethy.

 

 

Pros of Building New Construction 

  • Newness – When buying new construction, you’ll be the first to call this house HOME! Buyers buying new homes enjoy the peace of mind of having a warranty through the builder and fewer renovations.
  • Design – New construction homes also often feature more modern architecture and floorplans. You’ll find more open floor plans, additional bathrooms and spaces that can adapt to the needs of your family. New homes will leave you and your family only to make minor modifications, if any, to feel at home.

 

Cons of Building New Construction

  • Supply Shortages – Due to the Covid pandemic, many industries have experienced limited supply, delays, and labor restrictions. This has trickled down to impact home building as the cost of lumber, metal and other supplies have been affected by the pandemic. In turn, the decreased supply has increased cost which of course is passed along to the homebuyer.
  • Longer Timeline – With a new home build, homebuyers usually have to wait months to get into a new home. With the current shortage of supplies, there is an even greater risk of delays. Some homebuilders limit the number of lots available for sale in an effort to keep on schedule. “If you have time to build, you have more time to save money for closing costs,” shares Davidson Realty agent, Terri Apodaca.

 

Pros of Buying Resale

  • Shorter Timeline – When buying a resale, the closing day is often negotiated in the offer. Typically, new home owners gain possession in one to two months after their offer is accepted.
  • Character – Existing homes generally have more traditional layouts and features that elevate the home. These charming touches provide a unique dimension to an existing home.
  • Location – “Older homes are often in areas more convenient to metro areas and in more established neighborhoods with more development surrounding. Yards are typically more spacious with mature landscaping. Buyers also won’t have to worry about the congestion of construction taking place,” shares Apodaca.

 

Cons of Buying Resale

  • Competitive Market – With so few homes for sale, most homes are receiving multiple offers. Prospective home buyers have to be patient, persistent, and ready to make their best offer quickly to achieve their dream of owning a home.
  • Increasing Home Prices – As a side effect of the low supply and high demand for homes, home prices have skyrocketed making it harder to afford a home that would normally be in reach.
  • Home Improvements – Often buying a resale comes with a few compromises. Upgrades, remodels, and projects could be on your to do list after closing to make your new home the home of your dreams.

 

If you are interested in buying or selling in Northeast Florida, trust the real estate experts at Davidson Realty. Davidson Realty has more than 30 years of experience and has built strong relationships with many of Northeast Florida’s leading home builders. This advantage along with their extensive experience buying and selling resale homes, make them the perfect partners to help you navigate the real estate market. For more information, contact Davidson Realty at (904) 940-5000.

 

The Real Estate Market: How Long Will This Go On?

June 28, 2021

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The story of the real estate market has kept most real estate professionals and home buyers and sellers on the edge of their seats. With such unprecedented and unpredictable times, the biggest cliffhanger is: How long will the real estate market stay like this? 

 

There is no doubt that the real estate market has remained strong for longer than most predicted. “I believe the housing market could remain strong for a while longer. Currently, there is only a 1.1 months supply of homes available in our area. When a balanced market is between 5 to 6 months of inventory, it is clear that demand is still very strong for homes in Northeast Florida,” shares Sherry Davidson, President of Davidson Realty. Additionally, home builders have been building fewer new construction homes since the Great Recession which equates to 4 to 5.5 million fewer homes built, based on historical averages. 

 

As the market has continued to stay strong, more people are getting more “comfortable” with the current real estate market conditions. “Three different surveys indicate more sellers plan to put their homes on the market. This, coupled with homebuilders increasing the pace of new construction, will help increase the supply of homes for sale,” shares Davidson. “Interest rates may rise slightly which may slow demand. I predict we will see more normality in the real estate market by the end of this year or 2022,” Davidson continues. 

 

Because of the increased demand, home prices have been on the rise! “We have been seeing double-digit price increases during this time in the real estate market,” shares Davidson. The National Association of Realtors Chief Economist, Lawrence Yun, predicts we will see median existing-home sales prices increase more than 7% in 2021. 

 

With the increase in home prices, those who have taken advantage of this seller’s market are finding it difficult to buy a new home. While some secured a home prior to selling, many are seeking rental homes or staying with family to buy some time. “If you want to avoid the multiple offer situation and frantic pace of the market, we may see less craziness as we get more inventory. Regardless, now more than ever before you need a real estate professional to help you navigate the market,” shares Davidson. 

 

This time in the real estate market will likely be a period that will go down in history as a story full of twists and turns. If you or someone you know is interested in buying or selling their home, contact the Northeast Florida real estate experts at Davidson Realty today at (904) 940-5000. 

 

 

CONGRATULATIONS TO OUR TOP PRODUCERS FOR MAY!

June 15, 2021

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I know you have seen all the news about how few homes are available and the market being an extreme seller’s market. I just want you to know how hard real estate agents are working right now to find buyers a home and get it under contract or helping sellers through the process of getting their home sold and closed. With that in mind, I want to recognize our Top Producers who have earned every accolade this month.

 

The Top Producer, Top Sales Agent and Top Listing Agent is Mirtha Barzaga. Mirtha had $3 Million in closings and over $2 Million in sales for the month. Her past customers and referrals helped her get listings in this market and give her buyer customers the confidence that they will find a great home.

 

 

 

The Top Producing and Top Sales Team is The Nemethy Group. Shelley and Tim Nemethy had almost $5 Million in sales for the month. The Nemethys have built their business on relationships and referrals which allows them to be a trusted resource for their customers. Even though they are top producers, they take great care of every customer.

 

 

 

Our Jacksonville Beach Team Top Producer and Top Sales Agent is Jennifer Todd. Jennifer knows the beaches but also helps customers from Amelia Island to St. Johns County. Her knowledge of new construction and the area serve her customers well.

 

 

 

If you have questions about your homes value or anything real estate related, please let one of our experienced and knowledgeable agents help.

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