Davidson Realty, Inc.

The 2019 Year is coming to an end! See what the Real Estate Expert predict for 2020!

December 23, 2019

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

Brian Buffini, a well-known real estate trainer and speaker, recently shared his real estate predictions for 2020. Buffini spoke about the positive fundamentals for the economy:

  1. Very low inflation rate of 1.8%
  2. Very low unemployment of 3.6%
  3. High labor participation rate of 63.3%
  4. High consumer confidence of 96+

Buffini agreed with Lawrence Yun, NAR’s Chief Economist, recap and predictions for the real estate market.

                                                          2018              2019                2020
   New home sales                      627,000         701,000           750,000

Existing home sales                     5.34M             5.46M               5.56M

Median price growth                     5.7%               4.9%                  4.3%

30-year interest rate                     4.7%              3.7%                 3.75%

 

As you can see, the prediction is for new home sales and existing home sales to continue to grow, price increases to slow down slightly and interest rates to stay low. All very good news.

 

The Northeast Florida Association of Realtors market stats for November 2019 also show positives for our local real estate market. Pending sales are up 6.8% year to date, closed sales are up 4.5%, median sales price is up 5.2% and the average sales price is up 3.5%.

 

The inventory of homes for sale in November is 8,427 which is down 15% from last November. This is the smallest amount of homes available since January 2018. There is a 3.1 months supply of inventory which is down 20.5% from last November.

 

We wish you a Merry Christmas and Happy New Year! Thank you for all the past support and referrals and let’s make 2020 the best year ever.

 

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About Sherry Davidson, President of Davidson Realty
Since launching Davidson Realty in 1989, Sherry Davidson has built the firm to include nearly 60 agents and exceed $100 million in annual sales. She is known throughout the First Coast as an authority on all things residential real estate, having served on the Board of Directors for Northeast Florida Association of Realtors, Florida Realtors® (a division of the National Association of Realtors), and Builders Care (charitable arm of Northeast Florida Builders Association).
Thanks to Sherry’s leadership, Davidson Realty has been recognized as one of the state’s Best Companies to Work For (Florida Trend Magazine), as well as one of the region’s Best Places to Work and 50 Fastest Growing Companies (Jacksonville Business Journal). Get to know Davidson Realty’s talented team of agents by clicking here or call us at (904) 940-5000.————————————————

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Congratulations to all of our TOP producers for November!

December 12, 2019

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Posted by in Agent Feature, News, Northeast Florida Market Trends, Top Agents

November was a great month at Davidson Realty for sales. It is great to see so many buyers out in November.

 

Congratulations to Jennifer Todd, our Top Producer for the company and Top Producer and Tops Sales for the Jacksonville Beach office. Jennifer lives and sells at the beach, but she was in new construction in the World Golf Village area before she joined our team over 11 years ago and continues to sell all over the First Coast.

 

 

The Top Sales agent for the month is Mirtha Barzaga. Mirtha helped 7 families buy or sell homes this month for a total volume of $2.3 Million in addition to hosting her Thanksgiving and Holiday food and toy collection events.

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Prepare your home to sell with these fast, low-cost kitchen refresh ideas

December 10, 2019

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Posted by in Agent Feature, News, Northeast Florida Market Trends

It is no surprise the kitchen is most often cited as the room that really sells your home. It’s the most functional space in the house and where we spend a lot of time as a family.

 

Also, kitchen trends and styles go in and out just as fast (often faster) than any other room in the home. So when you plan to list your home for sale, this is where you will want to dedicate your attention.

 

You don’t want buyers to walk into your kitchen and wince at how much work it needs!

 

That being said, renovating the kitchen is an expensive and time consuming task. Thanks to the internet, there is a nearly endless array of quick and inexpensive ideas for giving your kitchen a great facelift.

 

1.) Reface your cabinets. The thought of gutting and replacing cabinets is daunting to say the least but refacing them makes them look like new without making any major changes. You can either replace your cabinet doors, paint them, or remove them altogether for exposed shelving.

 

2.) Add a backsplash. Depending on the décor you are working with now, a simple tile or shiplap backsplash can make all the difference for a home buyer seeking a stylish kitchen. If intimidating visions of mortar and tile grout are dancing in your head, not to worry! There are plenty of beautiful designs that are really easy to install (check out these alternatives at the Home Depot).

 

3.) Install knobs or pulls. Add or upgrade pulls to your drawers and cabinets and your kitchen will instantly look polished and amazing.

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The Northeast Florida real estate trends remain positive in October!

November 25, 2019

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Posted by in News, Northeast Florida Market Trends

The Northeast Florida Association of Realtors market stats for October 2019 show continued strong buyer demand, prices increasing more slowly, and inventory of available homes continuing to decline.

 

There were 3,507 new listings in October which is 2.6% higher than last October and a year over year increase of 0.6%. However, the inventory of homes for sale of 8,807 is down 11.9% from last October.

It is the lowest inventory level since March 2018.

 

A Realtor.com article says, “National listing inventory continued to decline in September, posting a 2.5% year-to-year decrease – a faster rate of decline compared to August’s 1.8% decrease. Driven by strong demand and short supply, entry-level homes priced below $200,000 have been steadily decreasing since May 2014, a trend that continued in September with a yearly decline of 9.8%. Mid-market homes priced between $200,000 and $750,000 – the largest segment of inventory – flatlined in September with 0% growth, and they’re poised for their first decline next month.”

 

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Think all property managers are the same? Here are 6 ways Davidson is different!

November 13, 2019

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Posted by in Neighborhoods, News, Northeast Florida Market Trends

When you rent out your home, it can be easy to fall into the idea that all property management companies are essentially the same. They locate and screen tenants, collect rent and handle issues that arise during the lease.

 

 

However, how well property managers juggle these tasks varies widely! Here are six of the many ways your experience with Davidson Property Management (DPM) will be different:

 

1.) Our rental team: Unlike many companies in which property managers show their own properties, our team consists of staffed rental agents that are designated to show the rental properties. This makes it much more accessible to show the property, which makes your home more marketable and gets you a renter more quickly.

 

2.) Higher rental commission: For DPM managed properties, the rent commission is double what most other companies offer. How does this benefit our homeowners? It motivates agents to find great tenants and rent your property faster!

 

3.) 24/7 access: While some property management companies limit response times based on business hours, our team guarantees a timely response no matter the issue or question, and any time day or night.

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