Davidson Cares Welcomes Four New Board Members

July 16, 2021

 | 

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.

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

July 7, 2021

 | 

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.

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

June 28, 2021

 | 

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. 

 

 

NORTHEAST FLORIDA BUILDERS ARE TRYING TO KEEP UP WITH THE DEMAND FOR NEW HOMES. HERE’S HOW SOME BUILDERS ARE MANAGING THE PROCESS.

June 23, 2021

 | 

Persistence and patience are the name of the game in the current real estate market as every corner of the industry has been rattled by uncertainty as a side effect of the COVID-19 pandemic. 

 

“The Northeast Florida real estate market is as hot as many in our industry have ever seen,” shares Davidson Realty President, Sherry Davidson. “There are not enough homes on the market to satisfy buyer demand. Resale homes coming available are getting multiple offers usually within hours to a day and offers are mostly above list price. In May of this year, more than 41% of homes closed were over asking price,” Sherry continues. Even the new construction housing market has experienced challenges that are requiring home seekers to adapt. We’ve connected with some of the talented home builders in Northeast Florida to get an update on their current conditions. 

 

Riverside Homes

“Riverside Homes continues to see very strong demand and we have made a few changes to our process to ensure the very best quality homes and provide the great building experience the people expect from Riverside Homes. We limit the amount of sales in each of our communities so we can keep a smooth process for permitting and building our homes. We closely monitor increasing supply costs each month doing our best to offer the most competitive home pricing,” shares Riverside Homes Sales Manager, Jacki Matthews. Despite the building supply shortages plaguing builders across the country, Riverside Homes promises to maintain the integrity and quality of their homes. 

 

Ashley Homes

Ashley Homes experienced a surge in sales and are currently sold out in Silverleaf, and have been since February 2021. “During the pandemic, we had no limits on sales and sold everything that we had available. Ashley Homes includes escalation clauses in many of our contracts, as do other builders, to protect us and our buyers from unforeseen lumber and material increases. Our buyer may pay a modest increase just to cover the rising material costs, but Ashley Homes has no profit added, shares Ashley Homes’ very own Greg Souris. Ashley Homes is navigating the home building process with their buyers, many who have seen more than $40,000-$50,000 increase in their home value before their home construction even started. 

 

Providence Homes

“In E-Town we are not limiting pre-sales or inventory homes, however, some of our policies have changed on when we can release inventory homes for sales. In Nocatee, we are limiting the pace of sales so we can manage the construction process,” shares Brenda Harris, Sales Associate at Providence Homes. Build time is approximately eight months, but Providence Homes is asking for flexibility and understanding from customers as material shortages could cause delays. 

 

MasterCraft Builder Group

Brad Shee, MasterCraft Builder Group President, shared, “The shortage of materials began in March 2021 as suppliers burned through inventory. Based on the lumber futures chart, lumber prices should start dropping. Because of the shortages, MasterCraft Builder Group is limiting sales each month in TrailMark and Rivertown.” The demand for homes in Northeast Florida is unprecedented, but it’s no surprise as the attraction to the First Coast is clear from the ocean to the river to the affordable cost of living. 

 

With more than 30 years of experience, Davidson Realty has cultivated strong relationships with some of the area’s leading home builders in Northeast Florida. Davidson Realty Agents know the new constructions market in Northeast Florida and can help you find the perfect lot and design to fit your needs. “Our agents are constantly talking to builder site agents to stay current on which builders have inventory and how they are managing the sales process. This constant communication allows our agents to know if a sale falls through, what is available, and the timing and process of the homesites that will be released so our clients can take advantage,” shares Sherry Davidson. 

 

The real estate experts at Davidson Realty will be by your side throughout the construction process to ensure your expectations and vision comes to life! For more information on new construction homes in Northeast Florida, call Davidson Realty at (904) 940-5000.

Northeast Florida Real Estate Market Update

June 18, 2021

 | 

“Dad: A son’s first hero, a daughter’s first love.” —Unknown

 

I want to wish a Happy Father’s Day to every Dad because you are incredibly special.

 

The Northeast Florida Association of Realtors market stats show that new listings of 3,785 are up 12.7% over last May and we are up 1.9% year-to-date. The Northeast Florida Builders Association shows building permits through April of 5,170 permits which is a 45% increase over the same period last year.

 

While new listings and new construction is great news, the inventory of available homes continues to fall. There were 3,847 homes available for sale in May compared to 9,147 last May for a 57.9% reduction. There is 1.1 months supply of inventory available. A balanced market is 5 to 6 months of inventory.

 

The reason inventory continues to fall is the increased demand. There were 3,672 pending sales in May which is up 18.5% over last May. Pending sales are up 25.5% over the same period year-to-date. The 3,276 closed sales are up 37.2% over last May and 25.0% over same period year-to-date.

 

The median sales price of $290,000 is up 16.9% over last May and the average sales price of $363,044 is up 26.1% over last May. A staggering 41% of homes closed in May sold over their list price.

 

The median sales price in May by county:

Baker $264,900

Clay $277,500

Duval $260,000

Nassau $344,893

Putnam $156,000

St. Johns $415,000

 

Many of the builders are limiting their sales currently due to supply and labor issues. While we keep hearing about lumber shortages, the National Association of Home Builders reports that appliances are the biggest issue with lumber a very close second. A key reason for the appliance shortage is the computer chips, which most now require.

 

The market still favors sellers; however, with some persistence, many buyers are successfully getting the home they want under contract. If we can help you with a purchase or a sale of your home, please let us know.

 

Please save the date for our Davidson Cares Clay Day 2021. Our event is October 21, 2021 at Jacksonville Clay Target Sports.

 

Happy Father’s Day!

Older Posts »

Davidson Realty