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Congratulations to all our Top Producers for March & Q1 in 2023!

April 24, 2023

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Posted by in News, Top Agents

March and the end of the first quarter in 2023 came in and out like a lion at Davidson Realty with a flurry of real estate activity.  It’s time to recognize our top agents who made it all happen.  We are so proud of all their accomplishments!  We asked our best this month to dispel a common myth they encounter frequently in their real estate business.   Read on as they share their insights that you may just find useful.

 

 

 

Our Top Producer, Top Lister, and Top Overall Sales for March and the first quarter of 2023 is Mirtha Barzaga with over $9.3 Million in closings and $5.3 Million in overall sales.

 

 

 

 

Mirtha – Myth: Listing a property high to set the stage for bargaining room or listing a home at a much higher price than what comparable reports show, or what your real estate expert provides seems like a good idea to make sure your home sells for all its worth. “Sellers commonly will say, “It’s easier to come down than to go up.” I say this is proven to be the wrong strategy to take.  Homes will bring real market value price. Asking that plus 10% is more likely to cause the home to stay on the market longer, generate less activity and interest, and ultimately sell for less than the market. We call that chasing the market and it’s never a good practice. 

 

 

 

Our Top Producing Team for the March is Vern and Deb Shadowen.

 

 

 

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Top Four Music Venues in Northeast Florida

April 20, 2023

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Posted by in Events, News

Locals on the First and Historic Coasts have a secret – over the last decade, it’s become the spot for musical artists wanting an intimate performing space. From smaller local artists to big-name performers, the area from Jacksonville to St. Augustine has become a destination for concert-goers wanting more than a traditional stadium show. So while you’ll still need to travel to Tampa for Taylor Swift’s Eras Tour, you’ll find the charming and historic venues of Northeast Florida offer an atmosphere all their own.

 

Florida Theater

 

Easily the oldest of the four venues, the Florida Theatre evokes the days of dressing for an evening performance. This historic venue opened in 1927, was added to the National Historic Register of Historic Places in 1983 and still maintains the original Art Deco vibe. The Florida Theatre hosts a wide variety of artists and performers, with something for all ages. Theater pieces like Madagascar, musical greats like Tom Jones and Clint Black, comedians the likes of Jim Gaffigan, specialty shows featuring Alton Brown and Cary Elwes, musical competitions, love recordings of popular podcasts and non-profit programs that offer free summer shows for children – there is literally something for everyone.

 

 

St. Augustine Amphitheatre

 

Lovingly referred to as The Amp by locals, the St. Augustine Amphitheatre may be as unique as they come. Nestled in the crook of one of Florida’s top state parks, Anastasia State Park, and situated on a barrier island, The Amp is an open-air venue, surrounded by the beach, historic oaks and wide swathes of palm hammocks. It offers one-of-a-kind experiences – where else can you enjoy sunrise yoga on the beach, led by Michael Franti, in the morning and enjoy his show in the evening? The Amp also offers two complimentary performing spaces – The Backyard Stage, a general-admission-only space for up-close-and-personal performances, and The Front Porch, a deck for community gatherings and acoustic performances during their Farmers and Night Markets.

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Northeast Florida Market Update | March 2023

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Posted by in News, Northeast Florida Market Trends

“Your talent is God’s gift to you. What you do with it is your gift back to God.” Leo Buscaglia

 

Hope you had a wonderful Easter and are using your talents wisely.

 

The Northeast Florida Association of Realtors market review for March 2023 shows continued progress towards a more normal real estate market. The median sales price, closed sales, pending sales and inventory are up from last month, but days on market and months supply of inventory are down. All of these trends are positive for our market.

 

The median sales price for all types of properties in all 6 counties is $335,000 which is up 0.9% from the February median of $332,000. The headline for a Wall Street Journal article from March 27 is: “It’s a Tale of Two Housing Markets: East vs. West -With only one metro exception, the 12 major housing markets west of Texas saw price drops in Jan., while the 37 biggest metros east of Texas saw price increases.” This is a great reminder that real estate is very local and all the national headlines you see don’t always apply to our local market.

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Nocatee: One of the Best Places to Raise a Family

April 10, 2023

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Posted by in Neighborhoods, News

When choosing where to raise a family, there are multiple factors to consider, but it should come as no surprise that one of the main factors that come into play when choosing where to settle down is location, location, location.

 

For those who choose The Sunshine State as the place to call home, one community stands out against the rest – Nocatee. The master-planned community in St. Johns County has been ranked Number One among the Best Places to Raise a Family in Florida, and it’s easy to see why.

 

About Nocatee 

When construction on Nocatee first broke ground back in 2005, there was one goal in mind – to provide residents with a high quality of life. Spanning 14,000 acres and offering various housing options, including single-family homes, townhomes and apartments, Nocatee has quickly become one of the most sought-after communities in Northeast Florida, with over 15,000 residents calling it home.

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Northeast Florida Market Update | February 2023

March 30, 2023

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Posted by in News, Northeast Florida Market Trends

“Progress always involves risk. You can’t steal second base and
keep your foot on first.” – Frederick B. Wilcox

My favorite time of the year is coming, and I am so looking forward to the first baseball game of the season.

 

This is also the best time of year for real estate in the Northeast Florida area. Even with higher interest rates, the buyers have been busy. Closed sales are up in February, pending sales are up and prices are stable.

 

The median sales price for all property types in all 6 counties is $330,000 the same as January. The National Association of Realtors predicts median existing-home prices will be stable compared to the previous year for most markets with the national median home price decreasing by 1.6% in 2023 before regaining positive traction of 3.1% in 2024.

 

There were 1,954 closed sales in February which is up 24.1% from 1,574 closed sales in January. The 2,431 pending sales was up 7.7% from 2,257 in January. Nationally pending home sales improved in January for the second consecutive month.

 

The active inventory of 6,149 homes is up 2.1% from January giving buyers a better selection. However, due to increased sales the months supply of inventory dropped from 3.8 months in January to 3.1 months in February. Five to six months of supply is a balanced market.

 

We saw the frenzied housing market that lasted over a year and then fear set in for buyers and sellers with the drastic home mortgage interest rate increases and national media constantly talking about prices dropping.

 

The spring buying season is looking very promising with sellers now willing to list their homes helping to increase the market inventory. With the more stabilized market, buyers are taking a little more time to make purchase commitments making sure their home includes the features they desire.

 

If you are looking to buy a home or an investment property or sell your home, please give us a call. We would love to share our market knowledge with you.

 

Sincerely,

Sharon P. Davidson
President

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