Davidson Realty, Inc.

Upcoming World Golf Village Office Park is a Welcomed Solution for Much-Needed Office Space in St. Johns County

August 31, 2021

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Posted by in News

Northeast Florida is a vivacious area with new developments popping up all over town. A new office park development, WGV Office Park, has sparked excitement in St. Johns County. Located at the entrance of the King & Bear, this five-building office park will total more than 44,000 square feet of much-needed office space in the area.

 

“The owners purchased the land at the beginning of July 2021 from Fletcher Davis. At that time they partnered with Matt Harkins of DL Harkins Construction out of Orlando on the project. Matt has a great deal of experience with developing office condos and has been involved in many successful projects,” shares Sam Davidson, Realtor® at Davidson Realty and Vice President of Special Operations for Davidson Development. “Right now, the project is in final review from the county and is expected to break ground in November 2021. Work on the first two buildings will begin approximately thirty days later with delivery scheduled for Spring of 2022.”

 

Occupants of the office park will have a space built to last as the buildings will have concrete block walls and Hollow Core System roofs. They will also be just across the street from Publix-anchored Shoppes at Murabella and a surrounding community that is growing fast both residentially and commercially.

 

“It should be a huge benefit to both World Golf Village and the surrounding area. There is a real lack of office space in St. Johns County as a whole and especially in the World Golf Village area. This will allow local residents to work closer to home and serve their friends, family, and neighbors,” shares Davidson. “It will also help bring much-needed support services such as attorneys, doctors, and insurance agents to the community. This project has been designed with spaces starting at 1,120 square feet and going up to 12,000 square feet, which allows for the ability to accommodate companies of all sizes.”

 

If you are interested in owning an office condo in the new WGV Office Park, contact Sam Davidson at (904) 502-2397 or jsdavidson@davidsonrealtyinc.com or Tim Nemethy at (904) 553-6194 or tnemethy@davidsonrealtyinc.com

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Real Estate Market Update

August 23, 2021

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Posted by in News, Northeast Florida Market Trends

“Your reputation is what people say about you. Your character is what God knows about you.” Bobby Bowden

 

Whether an FSU fan or not, most people respect and love Bobby Bowden.

 

The Northeast Florida Association of Realtors market stats for July have a few interesting twists. Prices continue to rise, pending and closed sales are down compared to July 2020, and new listings are up.

 

New listings of 3,915 are up 6.9% month over month and 5.3% year to date. The inventory of homes for sale of 4,668 is up slightly from the June number of 4,586. It is still down 40.6% from last July. The months supply of inventory is at 1.4 months which is the same as June but down 50% from last July. Since 5 to 6 months supply of inventory is a balanced market, we are still in a seller’s market.

 

There were 3,287 pending sales in July down 10.6% from last July. However, pending sales are up 13.4% year-to-date. There were 3,149 closings in July down 16.2% from last July but we are up 16.7% year-to-date. The month-to-month comparisons are difficult to interpret because last June and July were the two highest months for sales last year and July was the highest month for closings as a result of the slowdown in April and May 2020 due to Covid.

 

NAR’s chief economist, Lawrence Yun is predicting interest rates to increase to 3.3% by the end of the year on 30-year fixed rate mortgages and average 3.6% in 2022. He predicts existing-home sales will decline marginally from 6 million in 2021 to 5.99 million in 2022.

 

Dr. Yun also predicts housing starts will improve to 1.65 million in 2022 from 1.565 in 2021 and existing-home prices will increase at a slower pace of 4.4% in 2022 compared to 14.1% in 2021.

 

The July median sales price is $303,600 up 15% month-over-month and 13.7% year-to-date. The average sales price is $381,499 up 18.4% month-over-month and 18.6% year-to-date. An amazing 45.6% of listings sold for an amount over list price.

 

It does appear the speed of the market is slowing a little and there may be more opportunities for first-time homebuyers and buyers using FHA or VA loans. Sellers were seeing so many cash offers and conventional loans, that many didn’t want to accept government backed loans because of their inflexibility. The market calming down a little will be good for everyone.

 

Please take a minute to go to DavidsonCares.com and sign up for Clay Day on October 21st or buy a ticket to one of our raffles. We have our YETI cooler full of alcoholic beverages and tickets for 8 people at Concerts for a Cause which is an amazing event watching live music outside.

 

Have a great Labor Day holiday and enjoy the rest of your summer. Please let us know if we can help you with any real estate questions.

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Davidson Cares Continues to Grow in Size and Impact

August 20, 2021

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Posted by in Community Involvement, News

Since 2012, Davidson Cares has tirelessly supported local youth-based programs in Northeast Florida. Through various fundraisers, events, raffles, and grants, Davidson Cares is committed to strengthening children. The efforts of Davidson Cares is overwhelmingly supported by the gracious and generous community in Northeast Florida. 

 

 

 

Davidson Cares is proud of the dedicated and talented members of its board. “Davidson Cares recently welcomed four new board members to form a team of twelve incredible members. Together, we look forward to continuing to support local programs that benefit both children and their families,” shares Sherry Davidson, President of Davidson Realty.

 

Steve Canty

Steve Canty is currently the principal (owner) of Shillburn Risk Advisors. Prior, for fourteen years Steve was the owner of The Canty Insurance Agency (Brightway) in Jacksonville. The agency was sold to VyStar Financial Corp in January of 2021. Steve is also a former Senior Vice President of Main Street America Group. Steve is married to Rita B. Canty, a father of three, and a grandfather to two. Steve and his wife reside on the beautiful St. Johns River in St. Augustine, Florida.

 

 

Jim Wheeler

Jim Wheeler is a Program Director for Investing in Kids (INK!), the foundation supporting public schools in St. Johns County.  After retiring from a twenty-six-year banking career in 2014, Jim has worked in education.  He has led the Take Stock in Children- St. Johns County scholarship and mentoring program since 2017.  He has previously served as co-founder of the Community Alliance Funding Education, as Chair of the St. Johns County Chamber of Commerce Economic Development Council, and as an eight-year member of the St. Johns County Planning and Zoning Agency.

 

 

William Li

William Li has been a practicing attorney for more than twenty years in Northeast Florida. He started his career at a boutique law firm in Jacksonville, Florida specializing in real estate development and representing clients in raw land acquisition, due diligence, development, and disposition. After rising to shareholder, William pursued an opportunity with the General Counsel’s office for the University of Florida in Gainesville, Florida, handling all of the University’s legal matters in real estate, finance, and contracts. However, the lure of private practice brought William back to Jacksonville, where he now practices law again.

 

William is a member of the Florida Bar and is a member of numerous lawyer associations and charities. He is a graduate of the University of Florida (BS) 1996, University of Florida (Masters in Real Estate Finance) 2000, and University of Florida College of Law (JD) 2000. He is a husband and father to twin boys and enjoys spending time with his family, good food, and sports.

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CONGRATULATIONS TO OUR TOP PRODUCERS FOR JULY!

August 11, 2021

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Posted by in Top Agents

Davidson Realty is celebrating a great month of July with $14 million in closings and $15.3 million in sales. Our agents continue to work hard to stay knowledgeable of the market including new construction.

 

The Top Producer (most closings) and Top Sales agent for the month is Mirtha Barzaga. While closing four homes for customers in July, she sold 7 homes for a volume of $3.1 million. Mirtha receives great reviews from customers and is extremely professional.

 

 

 

 

The Top Listing Agent for July is Liz Pappaceno. Liz sold over $1.3 million in listings. Liz enjoys volunteering, spending time with family and gaining more skills to help her customers. If you are considering selling your home, give Liz a call.

 

 

 

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