Davidson Realty, Inc.

Northeast Florida Real Estate Market Update

April 25, 2022

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Posted by in News, Northeast Florida Market Trends

“A true friend is someone who thinks you’re a good egg, even if you’re cracked.” — Unknown

I hope everyone had a wonderful Easter! It is an amazing time of year.

 

The Northeast Florida Association of Realtors market stats for March 2022 show a continuing seller’s market with low available inventory and prices continuing to rise. The buyer demand remains strong.

 

The median sales price for March is $340,600 for all property types in all 6 counties of Northeast Florida. This is an increase of 3.2% from February and 24.8% from last March. The median price for a single-family home in St. Johns County jumped to $558,700. This compares with $330,000 in Duval, $345,000 in Clay, $222,000 in Putnam and $385,000 in Nassau.

 

The active available inventory for the entire market area is 2,888 properties which is down 8.0% from February and 32.7% from last March. We have 1.0 months supply of inventory which is down 24.3% from last year.

 

We continue to see new listings, but they are selling quickly with multiple offers if priced correctly. We will have to watch the market in April and through the summer to see the impact of rising home mortgage rates on demand.

 

A recent Harris Poll survey conducted for Coldwell Banker of more than 2,000 US adults shows 44% of Gen Z (18-25) and 35% of millennial (26-41) homeowners say they plan to sell their homes in the next 12 months. Many of these first-time homebuyers bought smaller starter homes that have gone up in value and they have enough equity to make a sizeable down payment on a larger home.

 

A Realtor.com housing report says the two primary motivations for selling are new familial needs (31%) and the desire for updated features (15%). The study indicates the majority of sellers planning to make a move are millennials ready to swap their starter homes for larger ones (49%). The study continues “compared to all survey respondents, higher shares of millennials want a more affordable home (34% vs. 21%) and need the sale money as soon as possible (14% vs. 11%) to help offset inflation, student loan debt, and other economic burdens.”

 

Given the projected increase in interest rates and increase in properties available for sale, it would appear to be wise to sell sooner rather than later. Additionally, the current market favors the seller with buyers agreeing in many instances to waive inspections, repairs, and pay cash.

 

If we can help you analyze your home’s value and discuss options, please let us know. We love to talk about real estate. Enjoy our beautiful weather and all the great activities outdoors this spring.

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Davidson Realty Welcomes New Agents Stacy Ann Cornell and Jennie Bermudez to Team of Experts

April 19, 2022

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Posted by in Agent Feature, News, Staff

Davidson Realty is proud to welcome new faces to its team of real estate experts. “At Davidson Realty we are focused on giving our agents the tools they need to put their clients first. By putting people first, our clients get a personalized real estate experience from our Northeast Florida real estate experts,” shares Davidson Realty President, Sherry Davidson. Davidson Realty is delighted to introduce two new members to the family!

 

 

Stacy Ann Cornell

Originally from Toronto, Canada, Stacy spent most of her childhood on the island of Jamaica where the majority of her family was born and raised. She earned a degree in Sociology from the University of Windsor and a diploma in Early Childhood Education from St. Clair College and went on to become a Preschool Teacher, in Canada. Without hesitation, Stacy seized an opportunity to teach overseas. She spent 11 years teaching English, developing and implementing English Curriculum for schools in South Korea and Japan. While living abroad, Stacy loved going on travel adventures, and backpacking in various countries, such as Thailand, The Philippines, Fiji, and Vietnam. 

 

Stacy is no stranger to constant relocation, planned and unplanned. Her family has relocated multiple times overseas and within the United States for her teaching career and for her husband who served in the United States Air Force. She understands the process and the importance of finding a home that will accommodate and support the needs of the military family lifestyle. Upon the retirement of her husband’s service from the military, Stacy and her family found permanent residency in the RIVERTOWN Community of Saint Johns County.

 

Stacy owns and operates a mobile childcare service, volunteers as a Chairperson on the PTO, is a Team Parent for the Julington Creek T-Ball league, and is an active member in her community, hosting various activities and family events with her nonprofit organization, The Belles & Beaus of the River Society. Stacy’s long time passion for real estate, combined experience, knowledge, and education as a Preschool Teacher and business owner, provide her with valuable skills to ensure her clients receive exceptional service for their real estate needs while establishing a lifelong relationship, not only as their agent but as a friend.

 

Jennie Bermudez

Jennie Bermudez is a native Floridian, born and raised in Jacksonville, Florida. Growing up, Jennie’s father was a home building contractor and enjoyed being raised in the business. Due to her husband’s career, Jennie has been able to travel and live across the country. Life experiences along with extensive relocations made Jennie realize how important it is to have a compassionate and trustworthy Realtor. “Guiding someone through the process of buying and or selling your home is an emotional and complicated process. It is my responsibility to make your experiences as smooth and simple as possible. It will always be my pleasure and honor to accompany and help you on your journey,” shares Jennie. 

 

Jennie is a proud mother to two daughters, a fabulous son(in-law), three granddogs, and a rescue dog of her own. In her free time, Jennie loves to cook, thrift shop, and spend time with the people that mean the most to her. 

 

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

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Congratulations to all our Top Producers for March & the First Quarter!

April 11, 2022

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Posted by in Top Agents

The Northeast Florida real estate market is heating up and the spring market continues to favor sellers. We are seeing multiple offers on most listings.

 

I want to congratulate our team of hard-working agents and especially our top agents for the month of March and the first quarter.

 

Our Top Producer, Top Sales Agent and Top Listing Agent for the month and the quarter is Mirtha Barzaga. Mirtha had over $4.3 million in closings and $5.5 million in sales for the quarter. Mirtha lives and sells in the World Golf Village area; however, she helps customers all over north Florida. Beyond her achievements, Mirtha remains grounded and focused on the needs of each and every customer.

 

 

 

The Top Producing and Tops Sales Team for the month and quarter is the Nemethy Group. Tim and Shelley had $1.9 million in closings and over $6.1 million in sales for the quarter. Tim and Shelley’s previous work backgrounds lends to the success of their real estate careers. Shelley worked as a teacher for many years while Tim had a successful career in Sales and Business Development. The combination of their work experience and education together makes them a dynamic duo in the real estate industry.

 

 

Our Jacksonville Beach team was also working hard. Caitlyn Hawkins was our Top Producer with the most closings for the month and the quarter. Caitlyn had over $1.7 million in closings for the quarter. Caitlyn and her family love the beach lifestyle. Caitlyn is also an avid Blogger who’s topics range from Design, Home Improvement, Real Estate Tips, and candid stories from the field while “Selling Homes and Momming Around the 904” on her website, http://closingsandcarseats.com/ .

 

 

 

The Jacksonville Beach team Top Sales Agent for the month and quarter is Jennifer Todd. Jennifer had over $2.1 million in sales for the quarter. As a broker associate with Davidson Realty, Jennifer’s real estate knowledge and experience is matched only by her commitment to providing unparalleled customer service.

 

 

 

I am very proud of our team and appreciative of the trust our customers have in our agents. If you need help with anything related to real estate, please give one of our agents a call.

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Northeast Florida Real Estate Market Update

March 21, 2022

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Posted by in News, Northeast Florida Market Trends

“Life will always throw you curves, just keep fouling them off. The right pitch will come, and when it does, be prepared to run the bases.” – Rick Maksian

I love all sports, but baseball is my favorite. My heart is happy now that the owners and players have come to an agreement. Go Braves!

 

Even with all that is happening in the world right now, there is a huge demand for real estate in Northeast Florida, unfortunately, the supply is continuing to decline. As a result of the supply shortage and overall inflation, the prices keep going up.

 

The Northeast Florida Association of Realtors market review for all property types in all 6 counties shows a median sales price of $329,995 which is up 25.3% over last year and 3.6% over last month. In February, 32.5% of the closings were over list price. The median days a property was on the market is 16 days which is down from last year and last month.

 

There were 2,818 new listings; however, there were 2,987 pending sales. We sold more homes in February than came on the market. There is 1.2 months supply of inventory.

 

The Northeast Florida Builders Association reported 1,332 single-family home building permits were issued in February which is an increase of 150 over last year. St. Johns County issued 612, Duval 474, Clay 144 and Nassau 102. The builders continue trying to meet the buyer demand.

 

An interesting article from Florida Realtors says “Nationally, a homeowner who purchased a single-family existing home 10 years ago at the median sales price of $162,600 is likely to have accumulated $229,400 in housing wealth. Of this wealth gain, 86% can be attributed to price appreciation.” Lawrence Yun, the National Association of Realtors Chief Economist is quoted in another article talking about home prices being a great inflation hedge.

 

I hope you are adjusting to Daylight Savings time and get to enjoy some basketball and baseball this spring. Please let us know if we can help you with any real estate needs. We are always happy to share our knowledge and talk about options.

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Congratulations to all our Top Producers for February!

March 14, 2022

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Posted by in Top Agents

Davidson Realty had a great February as this brisk real estate market continues in Northeast Florida. I want to congratulate our top producers of the month.

 

Our Top Producer with the most closings and our Top Sales Agent for the month is Reba Barkley.  Reba had over $1 million in closings and sales for the month. Reba’s customers love her willingness to go the extra mile for them. She is a true professional.

 

 

 

 

Our Top Lister with over $1 million in listings sold and $2 million in total sales is Mirtha Barzaga. Mirtha finished 2021 as our Triple Crown winner. She was our Top Producer, Top Lister and Top Sales for the company.

 

 

 

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