Davidson Realty, Inc.

The Northeast Florida February 2020 Market Stats Show the Same Positive Trends.

March 25, 2020

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Posted by in Ask Sherry, News, Northeast Florida Market Trends

 

As I write this letter, there is a lot of uncertainty and concern over the Coronavirus. I do not pretend to know the impact we will see on the real estate market or the economy, but I know God is in control and I will take one day at a time.

 

I can tell you the Northeast Florida Association of Realtors market stats report for February 2020 shows the same trends I have been repeating every month. Pending sales, closed sales, median and average sales prices are up and inventory of homes available is down. These are all very positive trends.

 

From the NEFAR report, “The recently released January ShowingTime Showing Index saw a 20.2 percent year-over-year increase in showing traffic nationwide. All regions of the country were up double digits from the year before. As showing activity is a leading indicator for future home sales, the 2020 housing market is off to a strong start, though it will be important to watch the spread of COVID-19 and its potential impacts to the overall economy in the coming months.”

 

There were 2,743 contracts written and pending sales were up 10.3% month-over-month and year-to-date. There were 2,201 closings which is up 4.1% for the month and 6.7% for the year.

 

The median sales price is $239,700 which is up 6.6% over last February and the average sales price is $287,068 which is up 12.2% for the same period.

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Congratulations to the top producing agents at Davidson Realty for February 2020.

March 6, 2020

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Posted by in News, Top Agents

I would like to recognize our entire team for a great February with over $9 Million in closings.

 

The Top Producing, Top Sales and Top Listing agent for the month is Mirtha Barzaga. Mirtha helped 6 families make a move this month for a total volume over $2.5 Million. Mirtha supports Nease High School ROTC and band programs in addition to many other local causes.

 

 

 

The Top Producing Team for February is Dana Usrey and Deborah Shadowen, a great mother-daughter team. Dana and Deborah are very active in the local schools and involved in Davidson Realty’s “Deck the Chairs” entry every year.

 

 

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The Northeast Florida Association of Realtors market stats for January also show very positive trends!

February 25, 2020

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Posted by in News, Northeast Florida Market Trends

The recent Florida Realtors Real Estate Trends summit had great speakers including Dr. Sean Snaith, director of the University of Central Florida’s Institute for Economic Forecasting. Dr. Snaith said, “We’re in the 11th year of the U.S. economic recovery – the longest economic recovery in U.S. history – and there are no indications that’s going to end any time soon.”

 

“Florida’s economy is doing even better than the national economy as a whole and it has been since 2012. Our unemployment rate is down to 3.3%. Florida’s GDP (Gross Domestic Product) continues to grow faster than the U.S.’s GDP, and our job growth rate is almost twice the national rate. Florida’s population growth is solid – the birth rates are better than the death rates, so we’re making new residents faster than we’re losing them.”

 

Another great speaker was Florida Realtors Chief Economist, Dr. Brad O’Connor. He agreed with Dr. Snaith and said he anticipates a robust outlook for the state’s housing market. He said, “Overall, I think we can expect to see a similar amount of price appreciation over the coming year, at about 4%, and I think we’ll see a similar amount of growth in closed sales for 2020 at about 4%.”

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Congratulations to the top producing agents at Davidson Realty for January 2020.

February 6, 2020

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Posted by in Agent Feature, News, Top Agents

 

Mirtha Barzaga is the Top Producer with 5 closings in January. She is also our Top Sales Agent with 6 sales totaling $2.5 Million in sales for the month. Mirtha is following up a great year in 2019 where she was Top Producer and Top Sales for the year. She also received The President’s Award for 2019.

 

 

 

The Top Lister for January is Suzy Evans. Suzy had over $1.2 Million of her listings go under contract during January. Her total sales for the month were $1.8 Million. Suzy also had a wonderful 2019 and she was our Top Listing Agent of the year.

 

 

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All signs point to a great year for real estate in Northeast Florida in 2020!

January 27, 2020

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Posted by in Ask Sherry, News, Northeast Florida Market Trends

 

All signs point to a great year for real estate in Northeast Florida in 2020. The Northeast Florida Association of Realtors market stats for December 2019 show sales, closings and prices are up for the month and year. The supply of homes on the market continues to drop.

 

 

Year over year numbers are:                     2018             2019           Change   

Pending sales                                            30,244           32,466          +7.3%
Closed sales                                              30,253           31,881          +5.4%
Median sales price                                $222,000       $233,990        +5.4%
Inventory of homes for sale                        9,181             7,602          -17.2%
Months supply of homes for sale                 3.6                 2.8            -22.2%

 

 

A study by ShowingTime indicates that buyer traffic has increased in all four major regions of the U.S. The South region saw the biggest uptick with 10.8% year-over-year increase in October. We are seeing increased buyer activity in Northeast Florida.

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