Davidson Realty, Inc.

Real Estate Market Update

December 23, 2020

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Posted by in News, Northeast Florida Market Trends

“God has given us two hands – one to receive with and the other to give with. We are not cisterns made for hoarding; we are channels made for sharing.” Billy Graham

 

The Northeast Florida Association of Realtors market stats continue to show more buyer demand than seller supply. Pending sales were below normal in March, April, and May due to COVID-19; however, the year to date pending sales are up 11.6% over the same period last year. The 2,858 pending sales in November is 21.3% higher than last November.

 

The 2,680 closings in November are 13% higher than last November. We are up 6.7% year-to-date over the same period last year.

 

The homes available for sale is the lowest number on any reports I have seen. There are 5,211 homes available in Northeast Florida down 44.7% from 9,418 in November 2019 and 9,976 in November 2018.

 

There is 1.7 months supply of homes for sale which is down 51.4% from last year. A balanced market is 5 to 6 months of inventory.

 

The Northeast Florida builders are building more homes than in any year since 2005. There have been 11,343 permits issued in the Jacksonville MSA through November. That is 18% higher than 2019 in the same period. There were 10,345 permits in all 12 months of 2019.

 

The low supply and increased demand is causing prices to continue to rise. The median sales price of $262,000 is 12.9% higher than last November and we are up 8.8% year-to-date. The average sales price of $317,602 is 17.2% higher than last November and we are up 11.5% year-to-date.

 

Realtor.com has issued the first predictions for 2021. They are predicting a 7% growth in sales nationally and a 5.7% price increase. The 2021 prediction for the Jacksonville area is 9.4% growth in sales and 5.0% increase in prices.

 

Realtor.com is predicting more homes will hit the market in 2021, but buyers will struggle with affordability as home prices continue to rise. Mortgage rates will slowly rise toward 3.4%.

 

· Millennials will continue to drive the market. Older millennials will likely be trade-up buyers while the younger segment of the generation age into their key home-buying years.

· Affordability will become a growing obstacle.

· Inventory will begin the slow road toward recovery.

· Suburbs will shine if remote work stays around.

 

I wish you a wonderful holiday season and an amazing 2021. This year was full of ups and downs with COVID and the election. I wish you a wonderful and safe New Year!

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Davidson Realty Welcomes New Agent Shauna Huddleston

December 14, 2020

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Posted by in Agent Feature, News, Staff

“Only a life lived in service to others is worth living.” Albert Einstein. 

 

Serving others has been instilled in Shauna Huddleston from an early age. The Jacksonville native spent most of her childhood traveling the world as her father was in the United States Air Force before eventually settling back in Saint Augustine, Florida. 

 

Shauna spent twenty-five years in the medical field using her passion of caring for the well-being of others every day. Shauna retired in 2015 from the healthcare field and quickly found excitement for property management. After spending nearly five years helping people find their perfect apartment home, Shauna Huddleston is fulfilling her grandmother’s wish to pursue a career in real estate and Davidson Realty is thrilled that she has joined our team of real estate experts. 

 

“Shauna is a great and very welcomed addition to our team. She brings a wealth of knowledge and experience having a background in property management services,” shares Andrea Gallagher, Davidson Realty Sales, and Training Manager. “Transitioning into a full-service real estate advisor helping customers buy, sell or rent seems only fitting and natural for her skill set and abilities.” 

 

For Shauna, Davidson Realty was the perfect fit. “I had an immediate connection with Sherry Davidson and the rest of the team. I felt led to join the brokerage as we share the same passions and core values. I am excited to share my passion for this area and help others find their dream homes,” shares Shauna. Shauna looks forward to continuing to serve her community as a member of the Davidson Realty family. 

 

In her spare time, Shauna loves spending time with her family and friends. Shauna has been married for twenty years to a retired St. Johns County Deputy Sheriff and has two amazing children, two “bonus” kids, and a three-year-old Chihuahua! Some of Shauna’s favorite activities include traveling, camping, snorkeling, and paddleboarding. Shauna is also very active in the community and tries to do as much charitable work as possible. 

 

Shauna works out of the Davidson Realty World Golf Village Office. If you are interested in buying or selling your home, give Shauna a call today!

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CONGRATULATIONS TO OUR TOP PRODUCERS FOR AUGUST

September 18, 2020

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Posted by in Agent Feature, News, Top Agents

Davidson Realty’s team ended another incredible month of real estate deals. Our team of real estate experts at our St. Augustine and Beaches offices finished the month of August with more than $9.5 million in closings and more than $10.5 million in sales. Congratulations to Davidson Realty’s Top Producers for their dedication last month! 

 

The Top Producer for the month of August was Suzy Evans. Suzy had more than $2 million in closings. Suzy has been a licensed Realtor® since 1992. With her extensive knowledge of real estate in Northeast Florida and many years of experience, Suzy is a natural! 

 

 

 

Davidson Realty’s Top Sales Agent for the month of August was Liz Pappaceno. Liz had more than $1 million in buyer sales and is eager to help more clients find their dream home. Thanks to her involvement in Davidson Cares and other charities, she has also been recognized as one of Davidson Realty’s most philanthropic agents.  

 

 

Mirtha Barzaga was Davidson Realty’s Top Listing Agent with more than $975,000 in listings sold. Mirtha is a Certified Negotiation Expert which is the premier designation in real estate for advanced negotiation skills to help clients achieve their goals. 

 

 

 

For the sixth month in a row, Davidson Realty’s Top Producing Team was The Nemethy Group with more than $2 million in closings. Together, Tim and Shelley, have had more than $30 million in sales since The Nemethy Group was established in 2018. 

 

 

 

The Braddock Team was the Top Sales Team in August. Michael Braddock and Sarah Poehler had more than $1 million in sales. The Braddock Team specializes in investment properties and property management while striving to ensure a positive experience for homeowners and tenants by streamlining the rental process. 

 

 

 

For the second month in a row, Davidson Realty’s Jacksonville Beach Real Estate office had Caitlyn Hawkins as their Top Producer. Caitlyn had more than $1.2 million in closings. Born and raised in Ponte Vedra, Caitlyn has first-hand experience of all the wonderful things the First Coast has to offer. 

 

 

 

Candy Gil was Davidson Realty’s Top Sales Agent for our Jacksonville Beach office last month with more than $700,000 in sales. Candy believes open and clear communication is the key to a successful relationship with her clients.

 

 

Congratulations to the entire Davidson Realty team and especially to these Top Producers! If you are interested in buying or selling a home in Northeast Florida, call one of our experienced agents today! 

 

 

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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.

Read more

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Michael Braddock Joins Davidson Property Management

July 18, 2019

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Posted by in Agent Feature, News, Rentals

We are thrilled to welcome Realtor and Property Manager Michael Braddock to our Davidson Property Management team! Michael brings nearly 15 years of industry experience to his new role.

 

“Michael is a great fit for our property management team thanks to his experience and dedication to building great relationships with homeowners and tenants,” said Sherry Davidson, President of Davidson Property Management.

 

The Georgia native earned his real estate license in 2005. He quickly found an affinity for property management, ranging from single-family homes to large apartment buildings. Michael later consulted with property management companies on process innovation and marketing strategies.

 

Looking to work with customers again, Michael joined the team at Davidson Property Management in June. He is also currently pursuing his home inspector license.

 

In his free time, Michael enjoys playing sports with friends, traveling, gaming and following Atlanta Braves baseball.

 

Welcome to the Davidson team, Michael!

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