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.

Q&A with Sherry: Buying strategies for a seller’s market

April 27, 2018

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Like much of the country, Northeast Florida’s home inventory has remained low and prices continue to inch upward. So, what does that mean for our real estate market? It means we are in the midst of a seller’s market, one that tends to be more competitive for buyers on the hunt for a new home.

However, there are a number of ways buyers can position themselves for a successful home search. I recently caught up with Davidson Realty President Sherry Davidson who provided some insights on our current market and how buyers can best prepare for buying in a seller’s market.

Northeast Florida inventory is down almost 12% and months’ supply is down 15+%. What do you see driving this trend?  We are seeing strong buyer demand. There are nearly 1,000 people a day moving to Florida. The economy is good and people are more confident. Also, millennials are the largest percentage of purchasers now as they begin to buy homes and start their families.

How do you think this trend will play out as we enter summer months? New construction is increasing but buyer demand is strongest in the spring and summer. I think we will continue seeing multiple offers and increasing prices.

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