Davidson Realty, Inc.

Jacksonville’s Real Estate Trends Show Continuing Decrease in Distressed Properties

November 22, 2013

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Posted by in News, Northeast Florida Market Trends

This month I analyzied the Northeast Florida Association of Realtors‘ real estate trends for October 2013.

There were 29% more contracts written (pending sales) in October than the previous year. We are up 26% year to date in the Northeast Florida market area.

Closings were 7% less in October compared to the previous year; however, we have 23% more closings year to date than last year. It is interesting to look a little deeper because the lender-mediated closings dropped 25% from 706 last October to 533 this year. Traditional closings were up 8% from 891 closings last October to 959 this year. Lender-mediated closings were only 36% of total closings in October compared to 44% last October. It is very encouraging to see less distressed properties and more normal closings. The median sales price of $158,865 is up 16% over last October and prices are up 16% year to date. Read more

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FL Real Estate Trends in September – New Construction is Booming in St. Johns County!

October 28, 2013

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Posted by in News, Northeast Florida Market Trends

He who thinks he is leading and has no one following him is only taking a walk. ~ Malawian proverb

There is a lot of wisdom in this quote from Africa. It would not hurt for those in Washington to consider these words.

The NEFAR Market Stats for September 2013 begins its summary with “Do you hear that? Hummmmm. That’s the delightful sound of normalcy. Buyers are buying, sellers are selling, lenders are lending and builders are building.” Our monthly closing report for Davidson Realty shows 32% of our closings were new construction,  59% were traditional (normal) closings and only  9% were  foreclosures or short sales. Read more

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Jacksonville Real Estate Trends for August – Days on the Market Down to 80 Days!

September 26, 2013

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Posted by in News, Northeast Florida Market Trends

“You don’t become great by trying to be great. You become great by wanting to do something, and then doing it so hard that you become great in the process.”  – Randall Munroe

I am truly hoping my Atlanta Braves play baseball so hard they become great this year. They have had a tremendous season and now the great ones will win it all. I love the post season.

The real estate market continues a slow and steady recovery even though we have seen a rise in mortgage interest rates. Pending and closed sales are up, prices are up, new listings are up, days on market are down, and inventory and months supply of homes for sale are down. Everything is going in the right direction. Read more

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Northeast Florida Real Estate Trends for July – Pending Sales at Highest Since 2005!

August 26, 2013

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Posted by in Northeast Florida Market Trends

“If things seem under control, you are just not going fast enough.”  Mario Andretti

Things are moving pretty fast in my world. Speed is important in the real estate market today. Buyers have to be willing to move quickly to get the home they want.

The Northeast Florida Association of Realtors July 2013 market stats report began with this sentence: “It won’t be long before the housing recovery is simply referred to as housing.” That statement has a nice ring to it after spending 6 long years watching every month for small signs of market improvement. Read more

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Jacksonville FL Real Estate Trends in June – Sales, Closings and Prices Continue to Rise!

July 29, 2013

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Posted by in News, Northeast Florida Market Trends

“If you can’t fly, then run,

if you can’t run, then walk,

if you can’t walk, then crawl,

but whatever you do,

you have to keep moving forward.”

–Martin Luther King Jr.

The Northeast Florida Association of Realtors market stats shows the real estate market is no longer crawling, we are now walking. Read more

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