Davidson Realty, Inc.

Jacksonville, FL Real Estate Trends in May 2011

June 29, 2011

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Posted by in Northeast Florida Market Trends

“Life is not about how fast you run or how high you climb but how well you bounce” Vivian Komori

If you own a business or are connected to the real estate industry in any way, you will enjoy the quote.

The most important trend I am seeing this month is the drop in inventory. The inventory of homes for sale in May 2011 is down 25.8% from May 2010. This inventory level translates into 8.9 months of supply versus a 11.7 months supply for the same period last year. This is a 23.7% drop in inventory. In many popular neighborhoods there are very few properties available for purchase that aren’t already under contract. We need to monitor this trend in inventory levels to better advise both our purchasers and sellers with regard to the pricing outlook.

Pending sales are up. The May 2011 pending sales of 1,756 transactions is 33.9% higher than May 2010. The year-to-date pending sales are 3.3% higher than the same period in 2010. The number of homes going under contract (pending sales) tends to bounce around each month but May 2011 is tied with March, 2011 for the highest amount of pending sales in the last 21 months. Another positive outlook.

Closings are down 10.6% from last May; however, the number of closings year-to-date are up slightly over the same period in 2010. Between lender, appraisal and title issues, it is always cause for celebration when we get a transaction to closing.

Pricing continues to be down compared to the previous year. The median sales price is down 7.9% and the average sales price is down 3%. If you look a little closer, the median sales price of traditional sales is up over 5% and the median sales price of lender-mediated sales is down over 14%. I would also point out that in the northern St. Johns County area the average price currently seems have stabilized around the same price as 6 months ago.

The lender-mediated sales in May 2011 were 49% of closings for the month. If you think this number is high, remember that short sales and foreclosures made up 60% of the closings in February. I believe this number is down because the banks are being more careful with their foreclosure process due to the recent bad publicity.

To sum it up: inventory is down, the transaction activity is up and the prices overall are down year-to-year.

If you have any questions or need any assistance with real estate issues, please give me a call 904-940-5000. I always enjoy talking about real estate.

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Another Great Recipe from Chef Jim – JD’s Tuna Salad!

June 24, 2011

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Posted by in Jim's Recipes

This month, World Golf Village Developer and extraordinary cook, Jim Davidson is sharing his world famous Tuna Salad recipe with us! Caddyshack has adapted this recipe for their menu. Enjoy!

  • 4 Cans 5 oz. Tuna (White Albacore in Water)
  • 1 Cup Sweet White Onion – fine diced
  • 1 Cup chopped Hamburger Dill Chips
  • 3 Tbsp Sweet Dill Relish – diced
  • 2 Splashes – Tabasco
  • Goya – Dust mixture
  • Celery Salt – Dust mixture
  • Pepper – To taste
  • Dukes Mayo – to consistency Read more
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What You Can Get for Your $150,000 Real Estate Investment

June 23, 2011

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Posted by in investment property

Low interest rates + bargain home prices + high rental property demand = a renewed interest in real estate investing. Let’s take a look at some examples available here in the north St. Johns County area for around the $150,000 mark.  Our in-house property management experts, Elsie and John Evans, provided rental income potential based on comps in the respective neighborhoods.

Ponte Vedra Shores 2 bedroom/2 bath condo for $126,000
This condo is offered at $126,000, down over $19,000 from an original asking price of $145,900.  The 1,420-square-foot condo is expected to bring between $750 and $950 monthly in rental income. Take a look: http://pub.realtyweb.net/link.html?u9539t6w7st,,1”

Sevilla 5 bedroom/3 bath home at $152,000
Originally priced at $173,787, this 2,074-square-foot home is expected to rent for between $1,600 and $1,800 monthly.  Check it out: http://pub.realtyweb.net/link.html?u941cjqyvk1,,1”

Heritage Landing 3 bedroom/2.5 bath home for $153,000
This 2,394-square-foot home was originally offered for $169,900. Anticipated rental income would be between $1,300 and $1,500 monthly. See more: http://pub.realtyweb.net/link.html?u941l9yykit,,1”

Heritage Landing 3 bedroom/3 bath home at $143,000
This 2,213-square-foot home has been reduced nearly $30,000. Rental income estimates are between $1,400 and $1,600 monthly. Take a look: http://pub.realtyweb.net/link.html?u941lgqvgek,,1”
 
Curious about the St. Augustine homes, Ponte Vedra real estate or Jacksonville, Florida homes available in your price range?  Give us a call at 904-940-5000 or stop by our office in World Golf Village.

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FOOD FOR THOUGHT: A Unique Workshop about Healthy Eating Habits

June 17, 2011

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Posted by in Events, News

Sometimes the reason a diet doesn’t work has nothing to do with food. Even when we have the best intentions of eating healthy, we fall off the wagon. Why is it so hard to sustain healthy eating habits for an extended period of time? Why do we fall back into our old ways of eating?

Holes: A Food for Thought Workshop addresses the “holes” or gaps in our attempts to make healthy habits part of our permanent lifestyle. This four-part workshop series helps attendees find that ‘missing link’ that keeps us from reaching our goals.  It’s not a diet program and it can help no matter what your eating habits are.

Part 1 June 21: What is Holes? (Intro to workshop and open discussion)

Part 2 June 28: What’s Eating Holes in Your Goals? (What is getting in the way of your success? What causes you to eat and act the way you do over time?)

Part 3 July 5: How to Stop the Holes from Growing (It is not about the “right” plan, the latest trend, or will power.)

Part 4 July 12: Heal the Holes (Learn about the support available so you can reach and sustain your goals!!!)

The 4-part workshop series costs $39.99 in advance or $49.99 at the door. The workshops will be held at Davidson Realty from 7:00 – 9:00 pm on June 21, June 28, July 5 and July 12. They will be presented by Robert Ferry LMHC, who specializes in addiction and personal coaching. Contact Dawn Barbarine at (904) 347-5301 or DawnBarbarine@gmail.com to reserve your spot or learn more.

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Jacksonville Business Journal Names Davidson Realty the Best Place to Work

June 14, 2011

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Posted by in Awards, News

IMG_5272It’s great to work at Davidson Realty. But don’t just take our word for it. Check out the Jacksonville Business Journal’s latest Best Places to Work report and you’ll find Davidson Realty at the top of the list.  That’s right. We’ve been named the Best Place to Work, Small Business category.  In fact, we’ve made the list for the last seven years and topped it twice. Says Davidson Realty President Sherry Davidson, “We put a lot of stock in this recognition which is awarded based on direct feedback from employees.  We value our team at Davidson Realty. They have helped us not just survive a tough real estate market, but thrive and expand the business. Without question, our people are our greatest asset.”IMG_5326

So just what makes Davidson Realty such a great place to work?  “There is a strong sense of camaraderie here because the company creates opportunities for us to connect socially like a Friday cook-out or an IMAX outing or a cruise down the St. Johns River,” said Dottie Lay.  “Davidson offers great support for its Agents, from marketing to professional development,” said Ana Speziale. “Giving back to the community is not just lip service.  We have monthly blood drives, free community educational events and we participate in a variety of fundraisers, from Relay for Life to March of Dimes,” said Sharon King. “Surprise visits from the ‘Wine Fairy’ on Friday afternoons,” said Vanessa Cunningham.

28571_10150222013935385_243700390384_12872063_1705805_nThe Jacksonville Business Journal conducts the Best Places to Work survey annually. The rankings for this list are done by Quantum Workplace, a third-party company that specializes in measuring workplace satisfaction. Nominations were submitted to The Business Journal by more than 100 companies, with most nominations coming from company employees. Results were announced in the Business Journal’s May 20th issue.  For more information about the Jacksonville Business Journal’s Best Places to Work, visit http://www.bizjournals.com/jacksonville/blog/inside_the_lists/2011/05/jacksonvilles-best-places-to-work.html.

In the last three years, Davidson has doubled its number of Realtors and expanded its real estate territories to include Jacksonville Beach, Ponte Vedra and Flagler County, in addition to St. Johns County.  The company actively recruits both experienced agents and those interested in a new career in real estate.  If you’re interested in learning more about working at Davidson Realty, contact Peyton Davidson at (904) 940-5000 or pdavidson@davidsonrealtyinc.com.

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