Davidson Realty, Inc.

The Things You Might NOT Know About the Real Estate Market in Northeast Florida

June 3, 2021

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Posted by in Ask Sherry, Neighborhoods, News, Northeast Florida Market Trends

The real estate market is notorious for its ups and downs, however, this real estate market is unique. Inventory is low, demand is high, and homes are FLYING off the market faster than ever! With so much uncertainty in this unprecedented market, it’s more important than ever to have a trusted real estate expert by your side to navigate the market.  Northeast Florida real estate expert Sherry Davidson, President of Davidson Realty, is answering some of the most common real estate questions from the community. 

 

How can I figure out how much my home is worth? 

Your home’s value is whatever the market is willing to pay. The market is changing very rapidly. It is in your best interest as a home seller to have a trusted real estate expert that knows the current market by your side to help you place a value on your home. Our team is selling homes daily and has the knowledge to ensure your home sells for TOP DOLLAR! 

 

Should I sell my home before buying a new one? 

The answer to this question has always been, YES! However, in the current real estate market conditions, the answer depends on your situation. If you sell, you need to have a rental home lined up or have the ability to live with family until you find your next home. If you put a new home under contract, you will probably not get a contingency to sell your existing home. You will risk losing your escrow deposit if you can’t close or you will have to acquire a bridge loan, extra savings, or a gift to close on the new home before you have the closing on your existing home.

 

Is World Golf Village expanding? 

With a few small exceptions, the only portion of World Golf Village not built out is Trailmark. There are new phases of homesites still becoming available in Trailmark.

 

What is the next go-to area to move to in Northeast Florida? 

There are so many incredible communities in Northeast Florida. However, Silverleaf is extremely popular right now. Silverleaf is located in highly desired St. Johns County, Florida, and just minutes from various shopping centers, beaches, golf courses, and entertainment.   The community will also be home to a first-class amenities center for residents to enjoy! 

 

If you are interested in buying or selling a home or have further questions about the market, contact Davidson Realty at (904) 940-5000.

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Florida Homeowners – How can your TRIM Notice save you money?

July 30, 2020

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Posted by in Ask Sherry, News, Northeast Florida Market Trends

Is there any reason to review your property tax notice?  There is a very compelling one and it could potentially save you lots of money!

 

If you own a home, you will receive your Truth in Millage (TRIM) notice from the Property Tax Appraiser in August. The 2020 Notice of Proposed Property Taxes will list the market value of your home determined by the County Tax Appraiser. You want the market value to be accurate. Let me explain.

 

The Save our Homes Cap was passed in 1994 and caps the amount the assessed value may increase to a maximum of 3% a year, or the Consumer Price Index. Your tax bill is based on this assessed value, not your market value.

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Getting to Know Silverleaf: St. Johns Newest Community Part 3

April 22, 2020

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Posted by in Ask Sherry, Featured Neighborhood, Neighborhoods, News, Northeast Florida Market Trends

I got to tour the Riverside Homes new model home under construction in Silverleaf Village. It is shaping up to be an awesome community.

 

 

Chris Wood explained that Riverside has 53 and 63 foot wide homesites with over 14 plan options. They have homes ranging from 1,800 to over 3,700 square feet. They have a wonderful selection of plans so you can find the perfect fit for your family. Home prices will start in the $300s.

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Getting to Know Silverleaf: St. Johns Newest Community Part 1

April 16, 2020

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Posted by in Ask Sherry, Featured Neighborhood, Neighborhoods, New Home Construction, News, Videos

I am so happy to introduce you to an exciting new community in Northern St. Johns County called Silverleaf. The location is ideal with easy access to I-95 and State Road 9B.

 

Silverleaf is situated on over 8,500 acres with over 3,500 acres of natural preserves. There will be single-family homes by Riverside Homes, Ashley Homes and Mastercraft Builder Group. Dream Finders Homes will be building single-family homes and townhomes.

 

I got to explore the community with Matt Roberts and Chris Wood of Riverside Homes. The entrance in the video is off of County Road 210 and is now open so you can come in and see the model homes being constructed in Silverleaf Village. The entrance off of State Road 16 is supposed to open late spring or early summer.

 

 

If you have an interest in being one of the first to live in Silverleaf, please contact a Davidson Realty agent for information.

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The Northeast Florida February 2020 Market Stats Show the Same Positive Trends.

March 25, 2020

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Posted by in Ask Sherry, News, Northeast Florida Market Trends

 

As I write this letter, there is a lot of uncertainty and concern over the Coronavirus. I do not pretend to know the impact we will see on the real estate market or the economy, but I know God is in control and I will take one day at a time.

 

I can tell you the Northeast Florida Association of Realtors market stats report for February 2020 shows the same trends I have been repeating every month. Pending sales, closed sales, median and average sales prices are up and inventory of homes available is down. These are all very positive trends.

 

From the NEFAR report, “The recently released January ShowingTime Showing Index saw a 20.2 percent year-over-year increase in showing traffic nationwide. All regions of the country were up double digits from the year before. As showing activity is a leading indicator for future home sales, the 2020 housing market is off to a strong start, though it will be important to watch the spread of COVID-19 and its potential impacts to the overall economy in the coming months.”

 

There were 2,743 contracts written and pending sales were up 10.3% month-over-month and year-to-date. There were 2,201 closings which is up 4.1% for the month and 6.7% for the year.

 

The median sales price is $239,700 which is up 6.6% over last February and the average sales price is $287,068 which is up 12.2% for the same period.

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