Davidson Realty, Inc.

Northeast Florida Real Estate Market Update

February 25, 2022

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Posted by in News

“I will love the light for it shows me the way, yet I will endure the darkness because it shows me the stars.” Og Mandino

 

The Northeast Florida Association of Realtors market review shows some moderation in median sales price increases since November. The median sales price of $320,000 is still 25% higher than last January. Most economists are predicting 3% to 5% price increases nationally this year.

 

The percentage of closings over list price has also stabilized for a few months at around 30% of closings over list price. We are beginning to see more sellers pricing their homes substantially over market price. Those homes sit on the market longer than the homes priced correctly.

 

The 2,126 closed sales are down 8% from last year and the 2,857 pending sales are down 3%. You may recall that December 2020 and January 2021 had inflated post-COVID lockdown demand. I would like to add that we are seeing new construction closings getting pushed out due to supply constraints and labor shortages. Additionally, low inventory is still holding back many buyers.

 

There is active inventory of 3,105 counting all 9 property types which is down 35.1% from last year. There is active inventory for single-family homes of 2,389 for our entire market including 6 counties.

 

The builders are trying to keep pace with demand. January 2022 had 1,457 permits which set a record for the number of permits issued in a single month. The annual total of permits in 2021 was 16,138 compared to 12,555 in 2020.

 

A recent article from Lawrence Yun with the National Association of Realtors stated “Home sales are at their best in 15 years. Once all the data are tallied up, more than 6 million existing homes and about 800,000 newly constructed homes will have been sold in 2021 – the best performance since 2006.”

 

To sum up, demand is still very strong, supply is very low and prices haven’t been rising as quickly in the last few months.

 

Thank you for all the support and referrals! If you know anyone we can help to sell, buy or rent, please let me know.

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Intentional Givers – Matthews Design Group Supports Davidson Cares Clay Day

February 11, 2022

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Posted by in Community Involvement, News

Matthews Design Group has been a sponsor of our Clay Day every year. This year they participated in the Double Down Challenge with a top sponsorship for the shoot and had a team in the Women’s Match Play Championship which benefitted Investing In Kids (INK!). “Matthews Design Group is an organization that is truly intentional. They are incredibly generous and support so many great causes in our local community,” shares Sherry Davidson, President of Davidson Realty.

 

Established in 2005, Matthews Design Group has become the largest civil engineering firm based in St. Johns County and offers full-service civil and land development engineering throughout Florida. Matthews Design Group corporately and individually embraces the responsibility to make a positive difference in the communities in which they live, work, and play, and desire to support the community by giving back their time and resources. Their team prioritizes staying involved and supporting the community through charitable and professional organizations.

 

Matthews Design Group is proud to continuously be a sponsor and attendee of Davidson Cares Clay Day and help support the incredible charities they donate to. “The Davidson Cares shoot is one of my favorite events that I look forward to attending every year! Sherry and her entire team put on an amazing event, and they support fantastic organizations,” expresses Rob Matthews, Matthews Design Group President.

 

Over the past six years, Davidson Cares Clay Day has raised more than $340,000 to support charities in need because of generous sponsors like Matthews Design Group. To learn more about Matthews Design Group visit their website at www.mdginc.com or call (904) 826-1334.

 

Davidson Cares Clay Day

 

The 6th Annual Davidson Cares Clay Day was held on October 21, 2021, at Jacksonville Clay Target Sports. Davidson Cares Clay Day included two-sport shooting events, beginner skeet, and sporting clay. Individuals and teams from beginner to expert levels participated.  

 

In association with the event, there was also a raffle contest. Prizes included a 65-quart YETI cooler with 13 full-size liquors and a pod for Concerts for a Cause. 

 

Money raised from the event and raffles went directly to Builders Care, St. Augustine Youth Services (SAYS), and Investing in Kids (INK!) in equal sums.

 

Please help us support these organizations that are so important to our community by visiting DavidsonCares.com.

 

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Davidson Realty Welcomes New Agents Jennifer Collazos, Michele Wiedenhaefer, and Julia Dean to Team of Experts

February 4, 2022

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Posted by in Agent Feature, News, Staff

Davidson Realty is constantly growing as we help individuals and families achieve their real estate dreams. “Davidson Realty is proud to be one of the top real estate brokerages in Northeast Florida. Our focus on people first above all else sets us apart,” shares Sherry Davidson, President of Davidson Realty. The team at Davidson Realty is proud to introduce three new members to our family! 

 

Jennifer Collazos

Jennifer Collazos was born in Colombia and is bilingual in English and Spanish. Jennifer understands the importance of speaking both languages and has instilled that value in her daughters. Jennifer currently lives in Fleming Island with her husband and two young daughters. Together they enjoy bicycle rides and visiting the vast array of restaurants that Fleming Island has to offer.

 

Before moving to the sunshine state, Jennifer lived in Lehigh Valley, Pennsylvania. She fell in love with real estate a few years ago when she helped her parents purchase a home after going through a financial crisis. The joy her parents felt of finally owning a home and getting back on track was priceless for Jennifer.

 

Jennifer is committed to supporting her clients, making sure they are well represented and is focused on a successful outcome in every transaction.

 

Jennifer holds a Marketing degree and utilizes her education to help her clients. With her knowledge in advertising coupled with her passion for helping others and attention to detail, Jennifer is a tremendous resource for those interested in buying or selling a home. 

 

Michele Wiedenhaefer 

As an agent, Michele Wiedenhaefer brings a strategic yet personable approach to the home buying and home selling process. Michele attributes her success to not only her passion for real estate but also to her intuition regarding the psychology of buying and selling properties.

 

One of Michele’s unique skillsets helps clients transform their current home into a “market ready” property that will entice buyers across the board. Years of staging and recreating spaces throughout her own projects have helped her develop a knack for achieving the right look and feel for any home within a desired saleable market.

 

Michele has spent the last ten years working in all facets of the real estate industry. Prior to becoming a real estate agent, she enjoyed many years in the home renovation industry. She worked with property investors and was involved in the complete process of buying and selling more than 100 homes. Michele’s specialty was finding outdated properties and overseeing the renovation and transformation process of the properties to create warm, inviting spaces ready for eager buyers.

 

Michele has the distinct ability to guide sellers through a smooth, stress-free sale of their current home and to obtain the very best value for that home. Furthermore, she helps assist buyers in the procurement of their next dream home by using her acquired home-buying skills to purchase the absolute best property for the least possible outlay.

 

Julia Dean

Julia Dean was born and raised in Jacksonville (Mandarin), Florida, and has lived in St. Johns County for eighteen years. Julia has spent most of her career in corporate sales management but has always had a passion for real estate. Julia and her husband have purchased several homes, investment properties, and vacant land over the years which lead her to make the move to become a full-time real estate agent. Julia believes in providing excellent customer service and building strong relationships. She will guide you through the process from start to finish whether it is buying your first home, selling your current home, buying your dream house, or finding an investment property. She will go above and beyond in every transaction and is looking forward to working with you.

 

Julia and her husband Kevin love the outdoors, football, traveling, and spending time with family and friends. On the weekends you will typically find her somewhere on the water, either fishing or boating with her husband and their two Labrador retrievers, Kady and Kinley.

 

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

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Northeast Florida Real Estate Market Update

January 26, 2022

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Posted by in News

“I always just thought if you see somebody without a smile, give ‘em yours!” Dolly Parton

 

 

A little Dolly wisdom to get 2022 off to a great start.

 

The Northeast Florida Association of Realtors Market Stats shows strong buyer demand, a very low supply of homes available, and prices continuing to rise. The buyer demand is particularly strong as mortgage interest rates have risen slightly and buyers want to lock in lower mortgage rates. The higher interest rates expected will decrease affordability for some buyers going forward.

 

Some great information shared by Bank of England loan officer Alex Stewart at the Sales & Marketing Council last week included some Redfin user search data showing 52% of buyers searching Jacksonville properties were local and 48% were from outside the area. The locals don’t have the perspective of buyers moving here from much more expensive areas.

 

The average price home in Jacksonville is around $358,000 for a 2,500 square foot home. A similar home in Washington DC is approximately $676,000, in New York $3 million and Seattle $807,000. These buyers relocating to our area find the homes very affordable.

 

Job growth is also adding to the demand for homes. The Jacksonville market has recovered more jobs than we lost when COVID caused so much unemployment. As of October 2021, Jacksonville has recovered 112% of jobs compared to the United States recovering 81%.

 

The supply of homes was around 20,000 homes in Northeast Florida in 2007 when the housing market changed. As the market improved, it dropped 52% to around 9,500 homes at the beginning of 2020. In the last 2 years, the supply has dropped an additional 62% to around 3,400 homes available in December 2021. There is a 1.1 month supply of homes available in December way below the 5 to 6 months supply that is considered a balanced market.

 

The median sales price in the Northeast Florida area in December is $323,880 for all property types in all 6 counties. That is an increase of 20.5% over last December. Most sellers got their asking price with 29.1% closing over list price.

 

The Northeast Florida real estate market is very strong. If you are interested in buying, selling, or renting your property, please give us a call for a consultation. Thank you so much for all of your support and referrals in 2021. Happy New Year!

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Community Focused – Watson Civil Supports Davidson Cares Clay Day

January 20, 2022

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Posted by in Community Involvement, Events, News

Davidson Cares Clay Day has not only helped raise money for worthy organizations in Northeast Florida but has brought local, like-minded companies together to strengthen partnerships and relationships along the way. 

 

John Watson, President and CEO of Watson Civil, first met the Davidsons when construction began in World Golf Village in 1996. “If I was driving customers on the dirt roads of the development, John and his team would always help me get around the equipment and offer a wave and a smile to whoever was with me,” shares Davidson Realty President, Sherry Davidson. 

 

“We are honored to contribute to Davidson Cares and the amazing local charities whom they support.  To know our financial donations directly impact children and seniors in Northeast Florida brings immense pride to our company and our employees,” shares John Watson. “Watson Civil has been fortunate to participate in Davidson Cares Clay Day since our inception. It is amazing to see the success of the Davidson Cares organization and the incredible growth of the charities it supports.”

 

Founded in 2014 and headquartered in St. Johns County, Watson Civil is a horizontal contractor that specializes in large site infrastructure, underground, road, and bridgework. Watson Civil is currently working on projects throughout the state of Florida with additional offices in Jacksonville, Orlando, and Tampa. 

 

“Watson Civil has an outstanding reputation. John Watson is diligent and energetic, ready to conquer everything that comes his way,” shares Davidson. “Davidson Cares is proud to have the support of John Watson and the team at Watson Civil.”

 

Davidson Cares Clay Day is proud to have the support and sponsorship from Watson Civil as they continue to give back in Northeast Florida. To learn more about Watson Civil Construction visit their website at www.watsoncivil.com or call (904) 297-1800.

 

Davidson Cares Clay Day

 

The 6th Annual Davidson Cares Clay Day was held on October 21, 2021, at Jacksonville Clay Target Sports. Davidson Cares Clay Day included two-sport shooting events, beginner skeet, and sporting clay. Individuals and teams from beginner to expert levels participated.  

 

In association with the event, there was also a raffle contest. Prizes included a 65-quart YETI cooler with 13 full-size liquors and a pod for Concerts for a Cause. 

 

Money raised from the event and raffles went directly to Builders Care, St. Augustine Youth Services (SAYS), and Investing in Kids (INK!) in equal sums.

 

Please help us support these organizations that are so important to our community by visiting DavidsonCares.com.

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