Davidson Realty, Inc.

Congratulations to all our Top Producers for July!

August 18, 2022

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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.

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Northeast Florida Real Estate Market Update

July 18, 2022

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Posted by in News, Northeast Florida Market Trends

“If you don’t like something, change it. If you can’t change it, change your attitude.” — Maya Angelou

Every headline seems to be negative about the economy and the housing market. If we can’t change the situation, we need to change our attitude about it.

 

This morning we saw that the Consumer Price Index (CPI) rose 9.1% from a year earlier. Housing has the largest impact of any input on the CPI at roughly 40%. The Federal Reserve is very focused on bringing down inflation. As such, they are determined to bring down housing prices by raising interest rates.

 

The June market review from the Northeast Florida Association of Realtors does show signs of the market slowing. Closed and pending sales are down this month and inventory has increased. However, the median sales price for all property types in Northeast Florida of $369,229 continues to rise. It is up 23.1% over last year and 2.6% over May.

 

Experts are not expecting prices to decline but rather that they may increase at a more moderate rate. Forecasts from seven major industry groups were predicting an average of 8% increase in prices for 2022.

 

The median days on the market increased from 13 days to 19 days. This is still very low compared to historical data.

 

The closed sales of 2,968 is down 18.8% from last year and 3.1% from May when there were 3,062 closed sales. Pending sales of 2,748 are down 19.4% from last year and 11.6% from May’s 3,109.

 

The active inventory is 5,508 homes up 15.2% from last year and 20.6% from May’s 4,566. This equates to 1.9 months supply of homes up 24.5% from 1.5 months in May.

 

This is good news for buyers as they have more homes to choose from and not as many competing offers. Sellers may see their home stay on the market a little longer and not have as many offers, but there is still strong demand and low inventory.

 

If you have a change in your circumstances and need to buy or sell, don’t let all the negative headlines keep you from making the correct life decisions. Enjoy your summer and please let us know if we can assist you in any way.

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Congratulations to all our Top Producers for June & the Second Quarter!

July 13, 2022

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Posted by in News, Top Agents

It was not just the weather heating up here in Northeast Florida, June was another sizzling month for our Davidson Realty team finishing the second quarter of this year very strong!  We are especially proud of our top performers who have been working tirelessly to help people buy and sell property in our local market and beyond. Enjoy our Q & A with these special real estate advisors!

 

 

 

Our Top Producer (Closings) for June and the quarter as well as Top Overall Sales for June and Top Buyer Sales for the quarter is Mirtha Barzaga.  Mirtha had over $7.4 Million in closings to end the quarter on a high note.

 

 

 

Q&A with Mirtha:

 

Q1 – In your opinion what’s the coolest design trend you are seeing in homes today?

Mirtha – Flooring has become a big trend, the vinyl plank or wood tile throughout the house is the best way to go.  Painted cabinets are a big trend as well as quartz counter tops and outdoor design living spaces.

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Northeast Florida Real Estate Market Update

June 29, 2022

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Posted by in News, Northeast Florida Market Trends

“My father gave me the greatest gift anyone could give another person, he believed in me.” Jim Valvano

 

The Northeast Florida Association of Realtors (NEFAR) market stats for May are not showing many changes in the local real estate market, but I believe we will see a moderation in the market in future reports.

 

The median sales price for all property types in all 6 counties is $360,000 which is up 24.6% over last year and 2.9% over April. Lawrence Yun, chief economist at the National Association of Realtors (NAR) said recently “Home prices are still hitting new highs, but the pace of appreciation is not likely to continue. It’s just inevitable that home price appreciation will slow down in upcoming months.”

 

We are seeing sellers reduce prices if they are starting out with unrealistic pricing. Fewer buyers are offering extra incentives such as waiving appraisal contingencies and seller closings costs. I agree that we will see slower price appreciation in the coming months.

 

There were 41.3 % of the closings over list price. This is up 13.2% from last year and up slightly from 41.2% last month. This percentage should also come down in the future.

 

There were 4,002 new listings in May up 4.4% from last year and 7.1% from April. The active inventory of homes available were 4,233 which is still down 4.4% from last year but up 11.2% from last month. The months supply of inventory moved from 1.3 months in April up to 1.4 months.

 

I continue to see headlines of the number of resales and new homes dropping; however, it is hard for me to really understand clearly because inventory is so constrained. It is difficult to know if there would be more sales if there were more homes available.

 

There were 2,936 closed sales in May which is down 14.8% from last year and up 0.4% from April. There were 3,097 pending sales which is down 14.3% from last year and up 1.4% from April.

 

To summarize, while the supply of homes available and the days on market are still very low and home prices continuing to increase; the market is showing signs of change with higher interest rates and the stock market moving into bear market territory. In my opinion, It is very hard to predict the amount of change we will see since we are still in such a low inventory situation.

 

Happy Independence Day! Have a wonderful summer and please let us know if we can help you with any real estate needs.

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Congratulations to all our Top Producers in May!

June 16, 2022

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Posted by in News, Top Agents

May was another strong month for Davidson Realty with so many of our agents helping their customers make moves in this fluid housing market!  So, it’s especially important to us to recognize and congratulate our top performers who made such an impact!  In addition, we would love to share with you a little bit about them and what makes each of them so fantastic personally and professionally. Enjoy our Q & A of these great real estate advisors!

 

 

Our Top Producer (Closings) and Overall Top Sales Agent for May is Mirtha Barzaga with over $1.7 million in total closings and $1.4 million in overall sales for the month.

 

 

 

 

Q&A with Mirtha:

 

Q1 – What do you like best about living here in Northeast Florida?

Mirtha – World Golf Village in Northeast Florida is where l live and sell the most, it’s centrally located between Jacksonville, Old St Augustine, Daytona, and the beaches. To the north there is access to the Jacksonville work force as well as sports and theaters.  To the south you have the Old City, the beaches, theaters, and other attractions.  It is also a close commute to major airports like Jacksonville International Airport and Orlando where you can take day trips to the amusement parks.

 

Q2 – What is your favorite local restaurant and favorite dish to eat there?

Mirtha – Columbia Restaurant is a great place to entertain friends and family, my favorite there is Paella a la Valenciana and flan for dessert.

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