Davidson Realty, Inc.

Real Estate Market Update

December 23, 2020

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Posted by in News, Northeast Florida Market Trends

“God has given us two hands – one to receive with and the other to give with. We are not cisterns made for hoarding; we are channels made for sharing.” Billy Graham

 

The Northeast Florida Association of Realtors market stats continue to show more buyer demand than seller supply. Pending sales were below normal in March, April, and May due to COVID-19; however, the year to date pending sales are up 11.6% over the same period last year. The 2,858 pending sales in November is 21.3% higher than last November.

 

The 2,680 closings in November are 13% higher than last November. We are up 6.7% year-to-date over the same period last year.

 

The homes available for sale is the lowest number on any reports I have seen. There are 5,211 homes available in Northeast Florida down 44.7% from 9,418 in November 2019 and 9,976 in November 2018.

 

There is 1.7 months supply of homes for sale which is down 51.4% from last year. A balanced market is 5 to 6 months of inventory.

 

The Northeast Florida builders are building more homes than in any year since 2005. There have been 11,343 permits issued in the Jacksonville MSA through November. That is 18% higher than 2019 in the same period. There were 10,345 permits in all 12 months of 2019.

 

The low supply and increased demand is causing prices to continue to rise. The median sales price of $262,000 is 12.9% higher than last November and we are up 8.8% year-to-date. The average sales price of $317,602 is 17.2% higher than last November and we are up 11.5% year-to-date.

 

Realtor.com has issued the first predictions for 2021. They are predicting a 7% growth in sales nationally and a 5.7% price increase. The 2021 prediction for the Jacksonville area is 9.4% growth in sales and 5.0% increase in prices.

 

Realtor.com is predicting more homes will hit the market in 2021, but buyers will struggle with affordability as home prices continue to rise. Mortgage rates will slowly rise toward 3.4%.

 

· Millennials will continue to drive the market. Older millennials will likely be trade-up buyers while the younger segment of the generation age into their key home-buying years.

· Affordability will become a growing obstacle.

· Inventory will begin the slow road toward recovery.

· Suburbs will shine if remote work stays around.

 

I wish you a wonderful holiday season and an amazing 2021. This year was full of ups and downs with COVID and the election. I wish you a wonderful and safe New Year!

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DOING THINGS RIGHT – PROVIDENCE HOMES SUPPORTS DAVIDSON CARES CLAY DAY

December 18, 2020

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Posted by in Community Involvement, Events, News

For the past five years, Providence Homes has generously supported Davidson Cares Clay Day with the highest level sponsorship. Their relationship with the Davidson Family dates back to 2000 when Providence Homes was a preferred builder for the King & Bear in World Golf Village. The partnership between Providence Homes and Davidson Realty has continued as Providence Homes has graciously invited the Davidson Realty Team to visit their model homes and learn about their latest energy-efficient techniques. “Providence Homes builds a great home and provides their homebuyers with an exceptional experience. They are fair and honorable with customers and are generous when helping the community. It’s a great feeling to bring customers to a Providence Home and know the builder will do the right thing every time,” shares Sherry Davidson, President of Davidson Realty. 

 

Providence Homes is an award-winning home builder based right here in Jacksonville with a  promise to provide a superior home buying experience from start to finish. For more than 25 years, Providence Homes has committed to providing beautifully designed homes at an affordable price. CEO and Founder of Providence Homes, Bill Cellar has built a strong reputation for building each home with the same attention to detail as he would with his own. “From the way they build their homes to the cutting edge technology and techniques to their extraordinary staff, Providence Homes does things right,” shares Sherry Davidson. 

 

Providence Homes is proud to build 100% ENERGY STAR®  Certified homes that provide a safe and healthy environment for the modern family that exceed all traditional code-built homes in both design and performance by using innovative technology and techniques. Providence Homes was recently named a 2020 ENERGY STAR® Partner of the Year – Sustained Excellence Award winner by the EPA. So far, Providence Homes has built more than 1,599 ENERGY STAR® homes which have saved Jacksonville families more than $4,500,000. 

 

Over the past five years, Davidson Cares Clay Day has raised more than $220,185 to support charities in need because of generous sponsors like Providence Homes. To learn more about Providence Homes visit their website at www.providencehomesinc.com or call (904) 447-0724. 

 

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.

 

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.

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CONGRATULATIONS TO OUR TOP PRODUCERS FOR NOVEMBER

December 15, 2020

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Posted by in Agent Feature, News, Top Agents

The holiday season is here, but real estate is still very active. Congratulations to all of our Top Producers for November.

 

The Top Producer with the most closings for the month is Mirtha Barzaga with $1.6 Million in closings. Mirtha also has the most overall sales with over $1 Million in sales. All while having multiple toy and food drives for the Homeless Coalition and treating her customers to pies for Thanksgiving and Poinsettias and eggnog for Christmas.

 

 

 

The Agent with the most Buyer Sales is Jennifer Todd. Jennifer found two buyers the perfect home. She is very creative in this market with homes moving so quickly. You have to know the market well to assist buyers in this great market.

 

 

Read more

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Davidson Realty Welcomes New Agent Shauna Huddleston

December 14, 2020

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Posted by in Agent Feature, News, Staff

“Only a life lived in service to others is worth living.” Albert Einstein. 

 

Serving others has been instilled in Shauna Huddleston from an early age. The Jacksonville native spent most of her childhood traveling the world as her father was in the United States Air Force before eventually settling back in Saint Augustine, Florida. 

 

Shauna spent twenty-five years in the medical field using her passion of caring for the well-being of others every day. Shauna retired in 2015 from the healthcare field and quickly found excitement for property management. After spending nearly five years helping people find their perfect apartment home, Shauna Huddleston is fulfilling her grandmother’s wish to pursue a career in real estate and Davidson Realty is thrilled that she has joined our team of real estate experts. 

 

“Shauna is a great and very welcomed addition to our team. She brings a wealth of knowledge and experience having a background in property management services,” shares Andrea Gallagher, Davidson Realty Sales, and Training Manager. “Transitioning into a full-service real estate advisor helping customers buy, sell or rent seems only fitting and natural for her skill set and abilities.” 

 

For Shauna, Davidson Realty was the perfect fit. “I had an immediate connection with Sherry Davidson and the rest of the team. I felt led to join the brokerage as we share the same passions and core values. I am excited to share my passion for this area and help others find their dream homes,” shares Shauna. Shauna looks forward to continuing to serve her community as a member of the Davidson Realty family. 

 

In her spare time, Shauna loves spending time with her family and friends. Shauna has been married for twenty years to a retired St. Johns County Deputy Sheriff and has two amazing children, two “bonus” kids, and a three-year-old Chihuahua! Some of Shauna’s favorite activities include traveling, camping, snorkeling, and paddleboarding. Shauna is also very active in the community and tries to do as much charitable work as possible. 

 

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

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Davidson Cares Clay Day: Giving Back to Northeast Florida

December 11, 2020

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Posted by in Community Involvement, Events, News

It is no secret that 2020 has been a year of ups and downs. Despite the overwhelming obstacles, Davidson Cares Clay Day 2020 raised more than $40,500 for outstanding organizations to continue their vital work for our community thanks to the generosity of sponsors, volunteers, and participants.  

 

“We considered canceling the 5th Annual Davidson Cares Clay Day, but knew the need from the charities that benefit from the event was too great. We thought even if we raised less money than normal, it was still funds the charities needed. Our team got creative and staggered the times for check-in and shooting, and did not gather for lunch or awards. We offered lots of snacks and drinks and handled the awards virtually the following day. We missed some of the interaction but the day was a huge success,” shared Davidson Realty President Sherry Davidson. 

 

Congratulations to this year’s winners which included: ECS (1st Place – North Course), Providence Homes (2nd Place – North Course), Steve Merill’s Team (1st Place – South Course), and MasterCraft Builder Group (2nd Place – South Course).

 

Over the past five years, Davidson Cares Clay Day has raised more than $202,500 for organizations dedicated to supporting and uplifting Northeast Florida residence. This year Davidson Cares donated $13,500 to St. Augustine Youth Services, Investing in Kids!, and Builders Care. 

 

St. Augustine Youth Services (SAYS) has been serving Florida’s at-risk youth since 1989. SAYS provides coaching, counseling, and care centered around family-style therapeutic group homes and outpatient community services. Over the past thirty years, SAYS has provided treatment for thousands of children who have suffered abuse or neglect. Their programs bring crucial mental health services to hundreds of young people in St. Johns, Flagler, Volusia, and Putnam county. 

 

Investing in Kids! (INK!) help fund innovative programs and classroom resources for St. Johns County public school students. Established in 1994, INK! has inspired the greater community to invest in education. The funds raised from Davidson Cares Clay Day will support their Five Learning Years (FLY) and Take Stock in Children programs. FLY was developed to ensure children are prepared for success when starting kindergarten by providing educational intervention. Take Stock in Children is a statewide program that offers students college scholarships, mentoring, and hope for a better future. INK! is the exclusive umbrella agency for this program in St. Johns County. 

 

Builders Care is a faith-based nonprofit organization that provides little to no cost contracting services to those in need of critical home repairs. Their mission is to provide quality home reconstruction to those who would otherwise be unable to afford it. Since 2001, Builders Care has assisted more than six hundred families totaling more than $6.5 million worth of construction to Jacksonville’s neediest families. Builders Care enlists volunteers and construction professionals to make homes handicapped-accessible, repair roofs, siding and leaks, and any other necessary repairs. 

 

It is clear that these organizations are making a huge difference in our community. Davidson Cares Clay Day is proud to have raised more than $40,000 for these worthy causes and Davidson Cares is grateful for the continued support from their network of trade partners and friends who have helped make an impact when our community needs it the most! If you are interested in donating to these organizations, please visit www.davidsoncares.com.

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