Davidson Realty, Inc.

2013 Jacksonville Real Estate Trends in Review – All Signs Point to a Strong 2014!

January 28, 2014

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Posted by in News, Northeast Florida Market Trends

“Only the guy who isn’t rowing has time to rock the boat.”  ~Jean-Paul Sartre

Everyone at the Davidson Companies was rowing together for 2013. We exceeded our goals and are up for the challenge of 2014.

Let’s look at the Northeast Florida Association of Realtors market stats for December and 2013. The pending sales were up 26% over December 2012. There were 22,916 contracts written in the year 2013 which is an increase of 22% over the 18,737 written in 2012. We averaged 1,910 contracts per month compared to 1,561 per month in 2012.

Closings were up 8% in December over December 2012; however, we were up 22% for the year. There were 21,883 closings in 2013 compared to 17,974 in 2012.

The average days on the market dropped 21% from 105 days in December 2012 to 83 days in December 2013. A well priced home in good condition in a good location does not stay on the market more than a few days.

The median sales price of $154,900 is up 9% from December of 2012 and 15% when comparing all of 2013 to 2012. The average sales price of $196,662 is up 1% from December of 2012 and 8% comparing the year 2013 to 2012.

The inventory of homes for sale  is down 8% from December of last year to 8,767 properties available.  The lender-mediated homes for sale are down 26% and traditional homes increased by 3%. We have 4.6 months of inventory available in our market which is down 25% from last December.

Davidson Realty’s closings for 2013 were over $96 Million compared to just under $57 Million in 2012 for a 70% increase. Our sales of over $120 Million this year compared to $70 Million in 2012 was an increase of 71%. If the market increased 22% year over year for sales and closings and we increased 71% and 70%, I would  say no one around here had time to be rocking the boat.

Please let me know if we can assist you with any of your real estate needs. We want to be your trusted real estate advisor.

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About the Author
Sherry Davidson
President of Davidson Realty

Since launching Davidson Realty in 1989, Sherry Davidson has built the firm to include nearly 60 agents and exceed $100 million in annual sales. She is known throughout the First Coast as an authority on all things residential real estate, having served on the Board of Directors for Northeast Florida Association of Realtors, Florida Realtors® (a division of the National Association of Realtors), and Builders Care (charitable arm of Northeast Florida Builders Association).

Thanks to Sherry’s leadership, Davidson Realty has been recognized as one of the state’s Best Companies to Work For (Florida Trend Magazine), as well as one of the region's Best Places to Work and 50 Fastest Growing Companies (Jacksonville Business Journal). Get to know Davidson Realty’s talented team of agents by clicking here or call us at (904) 940-5000.

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