Davidson Realty, Inc.

Northeast Florida Real Estate Market Update

September 16, 2022

 | 
Posted by in News, Northeast Florida Market Trends

“Kindness is the language which the deaf can hear and the blind can see.” Mark Twain

 

We continue to see a transition in our local housing market. The Northeast Florida Association of Realtors market review for August shows a slight decline in median prices and more time on the market to sell a home.

 

The median sales price of $358,740 is down 1.9% from last month’s price of $365,750. However, we are still up 18.4% over last year. Only 19.1% of properties closed over list price in August compared to 26.2% in July. The buyers have more options and more bargaining power as the market changes.

 

Moody’s Analytics Chief Economist, Mark Zandi predicts the interest rate increases will cause a housing correction, but not a crash. He said the fundamentals remain strong with vacancy rates at all-time lows, mortgage underwriting quality high and most loans are 30-year or 15-year fixed loans.

 

Closed sales in August of 2,522 were flat with closings in July of 2,517. We did see more buyers coming into the market with pending sales of 2,561 an increase of 7.6% over July’s 2,380.

 

Active inventory moved up slightly from 6,716 homes in July to 6,756 in August. We still have 2.7 months supply of inventory the same as July. Five to six months of inventory is a balanced market.

 

The median days on the market went from 24 days in July to 31 days in August. Sellers are having to adjust their mindset and price their home in line with current comparable sales. Many sellers don’t see this at first and must reduce their price to get showings and offers.

 

Many buyers are in a wait-and-see mode and may stay that way until after the mid-term elections, but supply is still very low and the market continues to adjust.

 

We have sold out the sporting clay teams for our Davidson Cares Clay Day on October 20th; however, you can still show your kindness to five local charities by purchasing a raffle ticket at DavidsonCares.com. We have our YETI cooler with adult beverages and a 12-gauge Beretta shotgun. Only 100 tickets are being sold for each. You do not have to be present to win when we draw at the shoot. Thank you to everyone who supports us every year!

 

Football is back and baseball is getting close to the playoffs. It is a great time of the year to live in northeast Florida. If we can assist you with any of your real estate needs, please let us know.

Comments currently closed.

Davidson Realty Welcomes New Agents Sean Nolan and Chris Thompson to Team of Experts

September 8, 2022

 | 
Posted by in Agent Feature, News, Staff

Davidson Realty is proud to welcome two new faces to its team of experts. “At Davidson Realty, putting people first is our top priority and we give our agents the tools to do just that! Our Northeast Florida real estate experts ensure each client gets a personalized experience from start to finish,” shares Davidson Realty President, Sherry Davidson. Davidson Realty is delighted to introduce two new members to the family!

 

 

Sean Nolan

Sean Nolan and his wife, Erin, relocated from Colorado to St. Augustine, Florida in 2017. Immediately upon their arrival, they fell in love with all the wonderful things Northeast Florida has to offer as it is truly a great place to live, work, and play. After twenty successful years in the restaurant and hospitality industry, Sean takes pride in his ability to provide memorable customer experiences. Sean’s professionalism and attention to detail are key qualities that matter in real estate. Whether you are searching for a rental, first home, dream home, or investment property, Sean promises dedication to your unique needs. As a proud member of the Davidson Realty family, Sean carries the values of hard work, integrity, and outstanding client service into everything he does. Sean welcomes the opportunity to partner with you through your real estate journey.

 

Chris Thompson

Originally from Long Island, New York, Chris Thompson, and his wife Jane, currently reside in World Golf Village. Chris is an active member of the St. Augustine community and sits on the board of a local charitable organization, is involved with his parish church, and is a member of the Knights of Columbus. He enjoys golf, rollerblading, and is an avid hockey fan.

Chris has always believed that service to clients and customers is the cornerstone of successful business relationships. He feels this is especially true in real estate, where buyers and sellers make very emotional decisions and often look for guidance from a trusted advisor. “Buying and selling a home can be a very stressful undertaking, and being able to eliminate that stress and provide both parties with a happy result is what being a Realtor is all about,” shares Thompson.

 

If you are interested in a career in real estate with Davidson Realty, call us today at (904) 940-5000.

Comments currently closed.

Davidson Realty and Riverside Homes Welcome Homebuyers to Explore Courtney Oaks at SilverLeaf

August 23, 2022

 | 
Posted by in Featured Neighborhood, Neighborhoods, New Home Construction, News

SilverLeaf has quickly become one of the most sought-after, master-planned communities in Northeast Florida. Located in St. Johns County, SilverLeaf comprises more than 11,000 acres and is zoned for more than 16,300 dwelling units, 2,900,000 square feet of mixed-use and commercial space, and more than 4,350 acres of pristine conservation land. Once complete, SilverLeaf will be one of the largest community developments in Northeast Florida. Davidson Realty is proud to support builder partner, Riverside Homes as they welcome another new neighborhood in the SilverLeaf community: Courtney Oaks.

 

“Everyone can find a place to call home in SilverLeaf. With a wide variety of floor plans, finding a home that is the right size, price, and style for you and your family is simple,” shares Davidson Realty President, Sherry Davidson. “Riverside Homes is an award-winning home builder with a strong reputation for building quality and thoughtfully designed homes. Building a home with their team in Courtney Oaks would be a delightful experience, as they strive to exceed their homeowners’ expectations throughout the entire home building process.”

 

Courtney Oaks will allow residents the opportunity to live in an exclusive gated section of the SilverLeaf community with home prices from Riverside Homes starting at $659,900. This neighborhood will feature a new lineup of floor plans from Riverside Homes that range from 2,484 to more than 4,000 square feet. Homes built by Riverside Homes in Courtney Oaks will be situated on estate-sized 70’ and 80’ wooded lots with many backing up to tranquil conservation views. Courtney Oaks will be in close proximity to SilverLeaf Commons as well as a new amenity center that is coming soon.

 

“With the success of home sales in SilverLeaf’s SilverLeaf Village and Silver Landing neighborhoods, our Riverside Homes team looks forward to continuing to build dream homes for our homebuyers in the new picturesque setting of Courtney Oaks. We are now selling expansive estate-sized homesites and look forward to welcoming visitors to our Stella II model in Courtney Oaks soon,” shares Andrea Johnson, Online Sales and Marketing Director for Riverside Homes.

 

Watch an exclusive tour of Courtney Oaks with Riverside Homes New Home Sales Consultant, Brian Thurston, here. To learn more about building in Courtney Oaks with Riverside Homes, contact Davidson Realty today at (904) 940-5000.

Comments currently closed.

Northeast Florida Real Estate Update

August 22, 2022

 | 
Posted by in News, Northeast Florida Market Trends

“The measure of intelligence is the ability to change” -Albert Einstein

Those of us in the real estate industry must be very intelligent since our market keeps changing continuously. We have gone from calming buyers who lost out on many homes in multiple offer situations to educating sellers that it will take longer to sell their home and it must be priced properly within a matter of weeks.

 

There are positives to the changes we are seeing. Buyers have more choices of homes and can negotiate with the sellers. The sellers are seeing a less hectic sales process.

 

The Northeast Florida Association of Realtors market review for July shows prices are stabilizing, pending and closed sales have dropped, and inventory is increasing.

 

The median sales price for all property types in all local counties is $368,000 which did not change from June. The price is up 20.7% from last July.

 

Nationally, the median sales price of $403,800 for July was 10.8% higher than the previous year. Earlier in 2022, prices were climbing around 20% annually, and before the pandemic prices were rising about 5% annually.

 

There were 2,419 closed sales in July, down 27.4% from last year and 23.3% from June when there were 3,154 closings. There were 2,379 pending sales in July down 32.0% from last year and 12.1% from June when there were 2,707 contracts written.

 

In my opinion, higher housing prices, rapid increase in mortgage rates, stock market adjustment, and the national media scaring everyone with headlines of a housing crash kept most homebuyers on the sidelines. This week our company has seen more contracts written than we have seen in the last few weeks. Not quite sure what to expect next, but it seems like some buyers are coming back into the market.

 

The active inventory is at 6,312 homes which is up 23.1% from last year and 5.9% from June. The months supply of inventory is at 2.6 months which is up 69.7% from last year and 38.1% from June. A 5 to 6 months supply of inventory is considered a balanced market.

 

Change is hard, but a more balanced market is good for everyone. Please let us know if we can help you in any way with your real estate needs.

 

Our Davidson Cares Clay Day is October 20th this year. Please go to DavidsonCares.com to sign up to shoot or buy a raffle ticket supporting several awesome local charities.

Comments currently closed.

Congratulations to all our Top Producers for July!

August 18, 2022

 | 
Posted by in News, Top Agents

Davidson Realty is proud to announce our top agents for the month of July.  Get to know our top real estate advisors with a special Q & A with them.

 

 

 

Our Top Producer (Closings) for July is Mirtha Barzaga with $1.7 million in closings.  Q&A with Mirtha:

 

 

 

 

Q1 – What advice do you have for anyone looking to buy right now?

Mirtha – Get Pre-approved or have your finances in order before you begin your search.  Learn the different areas.  Your agent can educate and serve as a valuable resource in discovering what is ideal for you.  Plan your time accordingly for either a re-sale or new construction purchase.  If you are selling and buying, use the same agent for both transactions so they can coordinate the timing for both. 

 

Q2 – What local charities are most important to you and why?

Mirtha – I support the St Johns County Homeless Coalition all the way, but also contribute to the American Cancer Society, the MS Foundation, the Alzheimer’s Association and the local Schools ROTC, Band or Sports programs.

 

Q3 – What is your favorite local beach spot and why?

Mirtha – Anastasia State Park, because it is surrounded by nature, and it just seems more natural.

 

 

 

 

 

Our Top Listing Agent is Margherite Myers with $900,000 listings sold. Q&A with Margherite:

 

 

 

 

Q1 – What is your favorite local restaurant and favorite dish to eat there?

Margherite – I have many favorite restaurants but I really enjoy going to the country club at TPC and ordering their flatbread with wine during Happy Hour .  They recommend great wines and they have become my favorites.    

Ford Garage is also a great local restaurant and of course Caps on the Water for great seafood.

  Read more

Comments currently closed.
« Newer Posts   Older Posts »

Davidson Realty