Davidson Realty, Inc.

Northeast Florida Market Stats | February 2024

March 28, 2024

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Posted by in News, Northeast Florida Market Trends

“Baseball, it is said, is only a game. True. And the Grand Canyon is only a hole in Arizona.” – Journalist & Autor, George Will

 

I am very excited about Baseball season starting. It is my favorite time of the year.

 

The February 2024 market review from the Northeast Florida Association of Realtors confirms the ups and downs of our market each month. At least the median price has stayed relatively stable. The median sales price of all property types in February was $359,000. The price has gone up and down monthly but stayed in a consistent range.

 

There were 1,893 closed sales in February, which is up 29.1% from January and down 7.8% from last year. The National Association of Realtors reported that home buyers who paid cash accounted for 32% of home sales in January, marking the highest cash sales since 2014. Many leveraged the equity from a prior sale.

 

There were 1,808 pending sales in February, which is down 15.2% from January and 24.6% from last year. The mortgage rates ticked back up in February after dropping in December, which slowed sales. The average 30-year fixed mortgage rate was 6.78% in February, up from 6.64% in January, according to Freddie Mac’s weekly survey.

 

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Congratulations to our TOP Producers in February

March 27, 2024

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Posted by in Agent Feature, News, Top Agents

As we bid farewell to the shortest month of the year, it is time recognize our TOP PERFORMERS for February! We proudly celebrate their outstanding accomplishments and their unwavering commitment to their customers! In addition to honoring them we also like to use this blog as a forum to share their professional advice. This month we asked them “What advice do you have for sellers or buyers who are on the fence about making a move right now? Please read on as they share their insights!

Our Top Producer, Top Lister and Top Overall Sales Agent for February is Mirtha Barzaga!
Mirtha – Real Estate prices I do not feel are going to go down further here, in the State of Florida County of St Johns particularly we have too much to offer and although inventory is improving there is still a lot of demand.
If buyers are worried about interest rates then my approach is: what mortgage payment are you comfortable with? Let’s get you into the house that fits your needs for that payment even if we need to buy the rate down to start. Later on you can always refinance and lower it even more, but by no means should you sacrifice your lifestyle or keep throwing away money in a rental when we can work out the numbers for you.

 

 

 

 

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Empowering Students, Teachers, and Our Community with INK! (Investing in Kids)

March 26, 2024

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Posted by in Community Involvement, News

This past fall, Davidson Realty hosted their eighth annual sport shooting fundraiser, the Jim Davidson’s Annual Clay Day. Named Davidson Cares Clay Day in years past, the fundraising event was renamed in 2023 to honor the recent passing of the Davidson family’s patriarch, Jim Davidson. Clay Day includes two sport shooting events, beginner skeet and sporting clay, and individuals and teams participate. Money raised from the event goes directly to local nonprofits, specifically youth-based organizations throughout Northeast Florida. This past Clay Day was held on October 19, 2023, and raised $150,000 that was awarded to eight local charities. Since 2012, Davidson Cares, the corporate giving program of Davidson Realty, has donated more than $577,785!

 

One of organizations Davidson Cares lends support to is Investing in Kids! (INK!), an education nonprofit that supports St. Johns County School District, working to improve access to education for every child. Since 1994, INK! has provided the tools and resources that both students and teachers need to be successful. INK! supports more than 3,200 teachers and 50,000 students countywide – and all their services, programs, and resources are available to students and teachers at no cost – thanks to partners like Davidson Realty.

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