Davidson Realty, Inc.

Top 5 Reasons People Move to Northeast Florida

July 28, 2022

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Posted by in Neighborhoods, News, Retirement

With the help of the pandemic and the onset of work-from-home life, more people are moving to Northeast Florida than ever before. Simply drive through all the beautiful neighborhoods and see how special this area is. “Northeast Florida has it all! It provides the perfect setting to enjoy time with family and friends while providing plenty of opportunities to try new things,” shares Davidson Realty President, Sherry Davidson. 

 

1. Water

While living near the ocean is a dream for many, residents of Northeast Florida have the privilege of living just miles from the beach and have the added bonus of living close to the St. Johns River and Intracoastal waterways. This abundance of water provides countless opportunities to enjoy the great outdoors. 

 

2. Weather

Alongside the beautiful beaches attracting people to Northeast Florida is the weather. While it gets colder than parts of South Florida, the average annual temperature is still 70 degrees in Jacksonville. Mild winters and balmy summers make Northeast Florida weather basically perfect. With an average of 221 sunny days per year, what more could you want?

 

3. Financial 

Your hard-earned money stretches further in Florida. As one of a handful of states in the United States with no state income tax or estate tax, living in Northeast Florida has many financial benefits. With so many communities and various housing options, finding a home that fits your budget is a breeze.  

 

4. Sports

If you are a sports fan, Northeast Florida is the place for you! Downtown Jacksonville is home to the Jacksonville Jaguars, Jacksonville Jumbo Shrimp, and Jacksonville Iceman. Travel south to Ponte Vedra Beach to visit The Tournament Players Club at Sawgrass, one of the world’s most renowned golf courses and home of the annual PGA tour stop, The Players Championship. Grab some friends and get some tickets, the sports scene is thriving in Northeast Florida. 

 

5. Location

Northeast Florida is uniquely located just a short drive away from many exciting and historic destinations. In just two hours, you can visit Orlando, to the south, or Savannah, to the north. Destinations like Charleston, Atlanta, Miami, and Tampa are ideal if you are looking for a fun road trip. 

 

It is clear to see that Northeast Florida is special. If you are interested in calling Northeast Florida home, call the real estate experts at Davidson Realty today at (904) 940-5000.

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Northeast Florida Real Estate Market Update

July 18, 2022

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Posted by in News, Northeast Florida Market Trends

“If you don’t like something, change it. If you can’t change it, change your attitude.” — Maya Angelou

Every headline seems to be negative about the economy and the housing market. If we can’t change the situation, we need to change our attitude about it.

 

This morning we saw that the Consumer Price Index (CPI) rose 9.1% from a year earlier. Housing has the largest impact of any input on the CPI at roughly 40%. The Federal Reserve is very focused on bringing down inflation. As such, they are determined to bring down housing prices by raising interest rates.

 

The June market review from the Northeast Florida Association of Realtors does show signs of the market slowing. Closed and pending sales are down this month and inventory has increased. However, the median sales price for all property types in Northeast Florida of $369,229 continues to rise. It is up 23.1% over last year and 2.6% over May.

 

Experts are not expecting prices to decline but rather that they may increase at a more moderate rate. Forecasts from seven major industry groups were predicting an average of 8% increase in prices for 2022.

 

The median days on the market increased from 13 days to 19 days. This is still very low compared to historical data.

 

The closed sales of 2,968 is down 18.8% from last year and 3.1% from May when there were 3,062 closed sales. Pending sales of 2,748 are down 19.4% from last year and 11.6% from May’s 3,109.

 

The active inventory is 5,508 homes up 15.2% from last year and 20.6% from May’s 4,566. This equates to 1.9 months supply of homes up 24.5% from 1.5 months in May.

 

This is good news for buyers as they have more homes to choose from and not as many competing offers. Sellers may see their home stay on the market a little longer and not have as many offers, but there is still strong demand and low inventory.

 

If you have a change in your circumstances and need to buy or sell, don’t let all the negative headlines keep you from making the correct life decisions. Enjoy your summer and please let us know if we can assist you in any way.

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Congratulations to all our Top Producers for June & the Second Quarter!

July 13, 2022

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Posted by in News, Top Agents

It was not just the weather heating up here in Northeast Florida, June was another sizzling month for our Davidson Realty team finishing the second quarter of this year very strong!  We are especially proud of our top performers who have been working tirelessly to help people buy and sell property in our local market and beyond. Enjoy our Q & A with these special real estate advisors!

 

 

 

Our Top Producer (Closings) for June and the quarter as well as Top Overall Sales for June and Top Buyer Sales for the quarter is Mirtha Barzaga.  Mirtha had over $7.4 Million in closings to end the quarter on a high note.

 

 

 

Q&A with Mirtha:

 

Q1 – In your opinion what’s the coolest design trend you are seeing in homes today?

Mirtha – Flooring has become a big trend, the vinyl plank or wood tile throughout the house is the best way to go.  Painted cabinets are a big trend as well as quartz counter tops and outdoor design living spaces.

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