Davidson Realty, Inc.

Northeast Florida Market Stats | October 2024

November 26, 2024

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Posted by in Northeast Florida Market Trends

“We often take for granted the very things that most deserve our gratitude.” – Cynthia Ozick

 

I do not take for granted all of you that have supported and encouraged me for years. Thank you!

The October 2024 market review from the Northeast Florida Association of Realtors (NEFAR) shows continued price stability, closings and pending sales are down and inventory of available homes is up.

The median sales price for all types of homes in all 6 counties is $345,125. The median price has hovered slightly above or below $350,000 for many months. It is down 1.4% from last year and up 0.9% from last month.

 

There were 2,026 closed sales, which is down 5% from last year and down 5.7% from last month. Some homebuyers began looking at homes when rates dipped in September, but did not lock in an interest rate and the rates increased and now, they are looking at rates closer to 7% than 6%.

 

Some homebuyers got cold feet due to mortgage interest rates, economic uncertainty, and election jitters gripped the country; nationally roughly 53,000 home purchases were canceled in October, equal to 15.5% of homes that went under contract last month. That’s the highest percentage in nearly a year.

 

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The Most Wonderful Time of the Year is Here: Nights of Lights!

November 8, 2024

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Posted by in News

 

For over 30 years, St. Augustine has kicked off the holiday season with a dazzling festival of lights: Nights of Lights. Every year, the historic town strings millions of tiny sparkling white lights on lamp posts, building tops, around towering oak trees and over the Bridge of Lions. Lights will adorn the city throughout approximately 20 blocks, turning the already picturesque town into a magical wonderland. The tradition started in 1993, and is loosely inspired by a Spanish Christmas tradition of placing white candles on window sills. The idea in St. Augustine was set into motion in the early 1990s by then Mayor Len Weeks and former City Councilman William Lennon. The two sought a way to lighten up the dark months of the year, as a way for locals and tourists alike to enjoy the city and to promote local businesses during the holidays. With a grant from the City of St. Augustine and contributions from locals, Nights of Lights began as a partnership – and it continues strong today, with joint funding from the City and St. Johns Tourist Development Council. Angels in the Architecture have put up and maintained all 3 million lights for the past 26 years, and, of course, residents and businesses join in on decorating the town as well.

 

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SilverLeaf Community

November 4, 2024

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Posted by in Featured Neighborhood, Neighborhoods

 

Nature meets fun at SilverLeaf! This master-planned community is a family-friendly neighborhood with the amenities of a four-star resort. Located in St. Johns County, SilverLeaf is nestled between County Road 210 and State Road 16 at St. Johns Parkway, just west of Interstate 95. Encompassing more than 11,000 acres, SilverLeaf boasts over 4,350 acres of natural conservation land. This sprawling community offers single- and multi-family houses designed by the region’s top builders, with close to 150 floor plans available. Housing options include everything from cozy townhomes to luxurious waterfront estates. Many homesites offer preserve and lake views, with a calming sense of privacy. The best part about SilverLeaf? Absolutely $0 CDD fees and the lowest property tax rate in the Northeast Florida region.

 

SilverLeaf is comprised of the following neighborhoods: Aspire, Brandon Lakes, Brook Forest, Elm Creek, Holly Forest, Johns Island, Silver Falls, Silver Landing, Silver Meadows, SilverLeaf Village and Waterford Lakes. This includes an apartment complex and a 55+ gated community. SilverLeaf is also zoned for mixed and commercial space, so you won’t have to travel far for your necessities. Manicured shopping spaces are filled with options for shopping, medical services, dining, kid’s activities, gyms and other services.

 

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Northeast Florida Market Stats | September 2024

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Posted by in Northeast Florida Market Trends

“Spread love everywhere you go. Let no one ever come to you without leaving happier.”
— Mother Teresa

 

We all need to spread a little extra love right now with the hurricane damage and the election craziness. It is wonderful to see all the people helping each other.

 

The Northeast Florida Association of Realtors (NEFAR) market review for September shows our home prices continue to be stable. The median sales price for all types of properties in all 6 counties is $349,000 which is down 0.3% from last year and last month. The median price in August was $350,000.

 

There were 2,027 closed sales in September which is down 9.8% from last year and down 15% from last month. Pending sales in September of 1,500 are down 24.8% from last year and 31.7% from last month.

The mortgage interest rate dropped some in mid-September but has increased slightly since. The market is still looking for some stability in rates.

 

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