Real Estate Market Update

November 30, 2020

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“It is not joy that makes us grateful; it is gratitude that makes us joyful.” David Steindl-Rast

 

I am very grateful to everyone that supported the 2020 Davidson Cares Clay Day! Thanks to your generosity we raised over $40,000 to be split evenly between Builders Care, St. Augustine Youth Services and Investing in Kids.

 

The Northeast Florida Multiple Listing Service shows continued buyer demand and low supply. There were 3,192 closed sales in October which is 24.5% more than the 2,564 last October. The spring buying season got delayed, but we are up 5.6% for year-to-date closings over last year.

 

Pending sales of 3,153 are 18.4% more than the 2,663 pending sales last October. We are up 10.2% year-to-date.

 

There are 6,109 active listings which is down 34.5% from the 9,332 last October.

 

The National Association of Realtors (NAR) 2020 Buyer/Seller Survey has some interesting findings. “The coronavirus, without a doubt, led homebuyers to reassess their housing situations and even reconsider home sizes and destinations,” says Jessica Lautz, vice president of demographics and behavioral insights for NAR. “Buyers sought housing with more rooms, more square footage and more yard space, and they may have desired a home office or home gym. They also shopped for larger homes because extra space would allow households to better accommodate older adult relatives or young adults that are now living within the residence.”

 

The 7 Buyer pandemic-related trends:

  1. Multigenerational homes grow in popularity
  2. Homes are pricier
  3. Shorter house tenures expected
  4. More renters become owners
  5. Buyers love suburbia
  6. Searches speed up
  7. Certain buying segments grow

The 7 Seller pandemic-related trends:

  1. Looking to upsize
  2. Feeling urgency
  3. Technology’s importance grows
  4. Incentives haven’t disappeared
  5. Equity gains
  6. Long-timers appear more motivated to move
  7. Desire to live close to family remains strong

It will be interesting to see future housing trends. For now, we are seeing multiple offers on listings and many potential sellers are on the sidelines.

Davidson Realty Welcomes New Agent Kim Baum

November 19, 2020

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What qualities do you expect from your realtor? Experience? Commitment to understand your needs? A willingness to provide you with a level of service that ensures you will refer them to your friends and family? An understanding of your community and what makes your home valuable? Our new Davidson Realty Agent, Kim Baum, checks all of those boxes.

 

Kim comes to Davidson Realty after an extensive career in education, most recently in the St. Johns County School District, and as a previous owner of several rental properties.

 

“After my first meeting with Kim I knew she would make an excellent addition to our team and was hoping she would choose Davidson Realty,” shares Andrea Gallagher, Davidson Realty Sales and Training Manager. “With her level of commitment and past years’ experiences working in our local school and community she embodies what we deem essential in being a great real estate advisor which is putting people first.”

 

The feeling was mutual as Kim felt right at home at Davidson Realty and truly respected the brokerage’s outstanding reputation. “I chose Davidson Realty because of their extensive training and mentor programs. They have a wonderful team of supportive agents and foster a family atmosphere which I really loved,” shares Kim. “I feel so grateful to be a part of the Davidson Realty team.”

 

After moving to the World Golf Village area of St. Augustine in 2004, Kim fell in love with Northeast Florida. “I truly enjoy living in Northeast Florida as it provides the perfect climate and an attractive pace of life. I look forward to sharing my knowledge of the area with my clients and welcoming newcomers to Northeast Florida!”

 

In her free time, Kim and her husband enjoy traveling the world and playing golf together as much as possible. Kim also has a huge heart for animals and has rescued many dogs, cats, and horses over the years.

 

Kim works out of the Davidson Realty World Golf Village Office. If you are interested in buying or selling your home, give Kim a call today!

Community First – MasterCraft Builder Group Supports Davidson Cares Clay Day

November 16, 2020

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For many years, Davidson Realty President, Sherry Davidson heard about an incredible event and fundraiser called Clays for a Cause hosted by MasterCraft Builder Group. Mastercraft Builder Group put together the event for friends and trade partners to raise money for local charities while enjoying each other’s company at the same time.

 

Clays for a Cause and MasterCraft Builder Group have not only been major supporters of Davidson Cares Clay Day but truly the inspiration behind it. “I drew inspiration for Davidson Cares Clay Days from MasterCraft’s Clays for a Cause because of how wonderful and fruitful of an event Chris Shee, Founder and CEO of MasterCraft Builder Group, had put together with this team. When I decided I wanted to do something similar, I reached out to Chris and he provided me the insight that allowed me to create an event that was our own,” shares Sherry.

 

With deep roots in Northeast Florida, MasterCraft Builder Group appreciates the importance of being an integral part of this community and giving back. MasterCraft Builder Group is a semi-custom builder and community developer that specializes in thoughtful designs and exceptional quality to meet the needs of the modern family by providing luxury living at an affordable price. MasterCraft Builder Group currently has homes in RiverTown, TrailMark, SilverLeaf, Shearwater, and Madeira. For the second year in a row, MasterCraft Builder Group has been proudly named the “Best Home Builder” in St. Augustine.

 

“Whenever I think of Chris Shee, I remember when he told me ‘You can’t out give God’. That has stuck with me and I am constantly inspired by his good work and dedication to our community,” Sherry Davidson said. Chris Shee and his team definitely have giving hearts. This year, MasterCraft Builder Group partnered with nonprofit Builders Care to build the 2020 Home From The Heart and will be donating more than $100,000 to the organization to support their mission to provide affordable to no-cost construction services to the elderly, disabled, and other nonprofits in Northeast Florida.

 

Davidson Cares Clay Day is proud to have the support and sponsorship from MasterCraft Builder Group as they continue to support local charities. To learn more about MasterCraft Builder Group, visit their website at mastercraftbuildergroup.com or call (904) 295-1604.

 

Davidson Cares Clay Day

 

The 5th Annual Davidson Cares Clay Day was held on October 29, 2020 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 were invited to participate and enjoy a safe shooting experience with no group gatherings.

 

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 CMOR mapping card.

 

The $40,500 raised from the event and raffles went directly to Builders Care, St. Augustine Youth Services (SAYS), and Investing in Kids (INK!) in equal sums.

 

Visit DavidsonCares.com to learn more about these organizations and donate to support their causes.

CONGRATULATIONS TO OUR TOP PRODUCERS FOR OCTOBER

November 10, 2020

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Davidson Realty’s team ended another spectacular month of real estate transactions. Davidson Realty’s team of real estate experts at our St. Augustine and Beaches offices wrapped up the month of October with thirty-three closings for a total of more than $11.6 million and twenty-nine sales for a total of more than $9.3 million in sales. Join us in congratulating Davidson Realty’s October Top Producers!

 

 

The Top Producer and Top Buyer Sales Agent for the month was Mirtha Barzaga. Mirtha had more than $1.3 million in closings and $1.1 million in buyer sales. Mirtha continues to thrive at Davidson Realty and is regularly recognized as a top producer.

 

 

Suzy Evans was Davidson Realty’s Top Listing and Top Overall Sales Agent for the month of October with more than $1.5 million in total sales. Suzy’s knowledge of the local housing market and inventory, along with an extensive network of contacts, and her caring positive attitude are just a few reasons to choose Suzy for your real estate needs.

 

 

Davidson Realty’s Top Sales and Top Producing Team for the month of October was The Nemethy Group. Shelley and Tim Nemethy had more than $2 million in closings last month. The Nemethy Group takes pride in offering personalized service for their customers, along with a team approach in meeting their customers’ real estate needs.

 

 

Candy Gil was Davidson Realty’s Jacksonville Beach office Top Producer and Top Sales agent last month. Candy had more than $500,000 in sales and closings. Candy’s first priority is always her clients and works hard to ensure their needs are met.

 

 

Congratulations to the entire Davidson Realty team and especially to these Top Producers! If you are interested in buying or selling a home in Northeast Florida, call one of our experienced agents today!

Davidson Realty