Davidson Realty, Inc.

Jacksonville’s December Real Estate Trends – Distressed Homes Down by 53%

January 21, 2016

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Posted by in News, Northeast Florida Market Trends

“Perfection is not attainable, but if we chase perfection we can achieve excellence.” Vince Lombardi

Florida Realtors published a great article reviewing 2015 and looking ahead to 2016. I would like to share the highlights with you.
1. The market – According to Freddie Mac’s latest Multi-Indicator Market Index, Florida’s real estate rebound led the nation, with Orlando the top U. S. rebound city.
2. Inventory is getting tighter – Some underwater owners still can’t sell, some boomers are staying put, and some investors scooped homes in the lower-price categories, leaving today’s first-time buyers struggling. Read more

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Jacksonville’s October Real Estate Trends – Florida Mortgage Delinquencies Have Biggest Drop of Any State

November 25, 2015

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Posted by in News, Northeast Florida Market Trends

“In daily life we must see that it is not happiness that makes us grateful, but gratefulness that makes us happy. And that gratefulness always leads to a satisfied, simplified life.”

I am very grateful for my family, our company and all of you that have referred business and contributed to our growth this year. Please save the date January 21st from 4:00 to 7:00 for the grand opening of our Beach office to see our latest growth.

The NEFAR October market stats show continued recovery in our real estate market. The pending sales are up 10% over last October and 17% year to date. The closed sales are down 2% from last October, but are up 12% year to date. I would like to add that traditional closed sales for October are up 6% over last October and the distressed sales are down 19%. It is very positive that distressed sales have dropped so much. Read more

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Jacksonville’s January Real Estate Trends – 4 Factors that Influence our Market

February 27, 2015

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Posted by in News, Northeast Florida Market Trends

“We learn something from everyone who passes through our lives…
Some lessons are painful, some are painless… but, all are priceless.” – Unknown

The Chief Economist for Florida Realtors, Dr. John Tuccillo spoke at the recent Northeast Florida Real Estate Symposium. I personally consider Dr. Tuccillo to be the absolute best in terms of forecasting our future local real estate market activity. While he doesn’t like to forecast the future, his “opinion” is that for 2015 we will experience a 10% increase in home sales activity coupled with an average price escalation of 4 ½ to 5%. Read more

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September’s Jacksonville Real Estate Stats Show Stability and Hyper-Local Pricing Trends

October 29, 2014

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Posted by in News, Northeast Florida Market Trends

“An ignorant person is one who doesn’t know what you have just found out.” Will Rogers

This quote seems appropriate because I was really struggling and looking everywhere for good information to share with you because the Northeast Florida Association of Realtors Market Stats have been delayed due to some changes made in the reporting areas. This turned out to be a blessing because I discovered some reports in our Multiple Listing Service that I never knew existed and I got more familiar with the great reports by Florida Realtors. Read more

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Jacksonville Real Estate Trends in May – Short Sales Out, Foreclosures in…How Crazy is That?!

June 20, 2014

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Posted by in News, Northeast Florida Market Trends

“A truly rich man is one whose children run into his arms when his hands are empty” – Unknown

I picked this quote to honor all the great Fathers out there. I hope your Father’s Day was the best ever. The real estate market has improved every month in 2014.The numbers below are from the Northeast Florida Association of Realtors market stats report.

January

February

March

April

May
Pending Sales

1,840

1,909

2,193

2,347

2,467
Closed Sales

1,505

1,649

1,876

1,975

2,044

The median sales price and the average sales price are up 3.4% and 3.6% respectively year to date. Read more

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