Davidson Cares Welcomes Four New Board Members

July 16, 2021

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Davidson Cares has dedicated nearly a decade to supporting and enriching children throughout Northeast Florida. With the help of the generous and gracious First Coast community, Davidson Cares has raised more than $260,685 for programs to help strengthen families and kids through fundraisers, events, raffles, grants, and community activities.

 

Davidson Cares is proud to welcome four new board members to help further the incredible efforts of this organization. “Davidson Cares is thrilled to welcome these new talents to our team. We are delighted to continue raising money for incredible programs for children and their families,” shares Davidson Realty President, Sherry Davidson.

 

Mirtha Barzaga

Mirtha Barzaga is recognized as one of Davidson Realty’s top real estate agents, both in superior service and production. She launched her business at the height of the economic recession to help customers facing hardship to navigate the real estate process. Thanks to her dedication and eagerness to learn, it was not long before Mirtha’s business took off. Today, Mirtha is regarded as one of Northeast Florida’s premier real estate agents.

Giving back has been a constant throughout Mirtha’s career. She serves as a supporting sponsor for Davidson Cares and Nease High School’s Panther Pride Marching Band and NJROTC. Mirtha also serves on Wards Creek Elementary School’s Advisory Council. Each holiday season, she hosts two food drives to support the Emergency Services & Homeless Coalition of St. Johns County.

In the workplace, Mirtha dedicates her time to Davidson Realty’s mentoring program to help other agents achieve success in real estate.

 

 

Sally Jaudon

Sally Jaudon, along with her husband Tom Jaudon, own Leigh Insurance Agency in St. Augustine, Florida.  Sally started in the Agency as a CSR managing accounts and now holds the position of Vice President/Business Manager overseeing the day to day operations including marketing, growth & accounting. Sally and her team are passionate about providing service to the St. Augustine community and building relationships with the customers at Leigh Insurance, which was founded nearly thirty years ago in 1992. Since Sally has assumed her position, the Agency has been working not only to provide service to current clients, but to also engage in community involvement and educate those who are new to the area about the importance of insurance in Florida. Sally enjoys working alongside her family in the Agency, and outside of work, she enjoys spending time with her family, traveling, sports & her two dogs.

 

 

Erik Wilson

Erik is the husband of Ingrid, his high school sweetheart, and father of four. Erik is a follower of Jesus. He works for Riverside Homes and Wood Development as CFO and obtained his Masters in Accounting from Florida State with an emphasis in taxation. He also graduated from Asbury Seminary in 2017 with a Masters in Marriage and Family Counseling. He has spent twenty years in real estate development and accounting and his faith has led him to walk alongside others in times of need and struggles; hoping to help them lead a life not yet lived.

 

 

 

 

 

 

Steve Merrill

Steve Merrill is a Director at Bank of America and is a member of the Client Advocacy and Experience team.  The Client Advocacy and Experience team partners with Sales and Merrill Lynch Wealth Management in structuring and delivering complex loan solutions for clients.  In addition they identify end to end process, service and experience gaps and champion solutions appropriately.  Steve joined Merrill Lynch in 1992 and has held numerous positions up and through the acquisition by Bank of America.  Steve attended Bishop Kenny High School in Jacksonville Florida, and Florida State University in Tallahassee, Florida.

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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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.

The Things You Might NOT Know About the Real Estate Market in Northeast Florida

June 3, 2021

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The real estate market is notorious for its ups and downs, however, this real estate market is unique. Inventory is low, demand is high, and homes are FLYING off the market faster than ever! With so much uncertainty in this unprecedented market, it’s more important than ever to have a trusted real estate expert by your side to navigate the market.  Northeast Florida real estate expert Sherry Davidson, President of Davidson Realty, is answering some of the most common real estate questions from the community. 

 

How can I figure out how much my home is worth? 

Your home’s value is whatever the market is willing to pay. The market is changing very rapidly. It is in your best interest as a home seller to have a trusted real estate expert that knows the current market by your side to help you place a value on your home. Our team is selling homes daily and has the knowledge to ensure your home sells for TOP DOLLAR! 

 

Should I sell my home before buying a new one? 

The answer to this question has always been, YES! However, in the current real estate market conditions, the answer depends on your situation. If you sell, you need to have a rental home lined up or have the ability to live with family until you find your next home. If you put a new home under contract, you will probably not get a contingency to sell your existing home. You will risk losing your escrow deposit if you can’t close or you will have to acquire a bridge loan, extra savings, or a gift to close on the new home before you have the closing on your existing home.

 

Is World Golf Village expanding? 

With a few small exceptions, the only portion of World Golf Village not built out is Trailmark. There are new phases of homesites still becoming available in Trailmark.

 

What is the next go-to area to move to in Northeast Florida? 

There are so many incredible communities in Northeast Florida. However, Silverleaf is extremely popular right now. Silverleaf is located in highly desired St. Johns County, Florida, and just minutes from various shopping centers, beaches, golf courses, and entertainment.   The community will also be home to a first-class amenities center for residents to enjoy! 

 

If you are interested in buying or selling a home or have further questions about the market, contact Davidson Realty at (904) 940-5000.

Real Estate Market Update

May 20, 2021

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“You just can’t beat the person who never gives up.” Babe Ruth

 

If you want to buy a home in today’s market, you should listen to Babe Ruth. Most buyers are having to be persistent and make offers on several homes before they get a home under contract.

 

The Northeast Florida Association of Realtors market stats for April continue to show high demand for homes and limited supply which is causing price increases.

 

There were 3,615 pending sales in April which is up 52% over last April; however last April COVID was a factor in less contracts being written. The year-to-date numbers for pending sales are up 27% so you can see there is increased demand in the four-month period.

 

There were 3,177 closed sales in April which is a 27% increase month-over-month and 20% year-to-date.

 

The median sales price is $284,941 which is up 14% over last month and 12.5% year-to-date. The average sales price is $357,438 which is up 20.5% over last month and 18% year-to-date.

 

The most staggering statistic to me was the percent of properties sold over list price. For the properties that closed in April, 36.9% sold over list price. That is a 142.8% increase over April 2020. The average for the previous 12 months was 13.3% selling over list price.

 

On the supply side, there were 3,991 available homes for sale at the end of April which is down 58% from last April and there are 1.2 months supply of homes for sale. A balanced market is 5 to 6 months.

 

There may be better news coming to help with supply. A survey by Realtor.com indicated more sellers plan to put their homes on the market. Another survey by NerdWallet of 2,127 homeowners shows 1 in 6 (17%) plans on selling their home in the next 18 months. In fact, 45% of those planning to sell say higher asking prices and lower inventory have caused them to sell earlier than initially planned.

 

NAR Chief Economist Lawrence Yun predicts an increase in the 30-year fixed mortgage interest rate to an average of 3.2% in 2021. “As mortgage rates increase, the frenzied multiple-offer situation will become less prevalent by year’s end, as affordability challenges squeeze out some buyers and more inventory reaches the market,” Yun predicts.

 

“With more inventory and some easing in demand, home prices are expected to shift to mid-single-digit appreciation by the fourth quarter and in 2022,” Yun says. He predicts that:

· Median existing-home sales price will increase 7% in 2021

· Existing-home sales will grow by 10% as more homes reach the market

· New home sales will increase by 20%

 

These predictions are great news. In the meantime, if you are interested in buying or selling, please contact a Realtor with knowledge of the market. We would love to help you navigate these interesting times.

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