Davidson Realty, Inc.

More Good News with June Real Estate Trends – Pending Sales and Prices are up and Inventory Continues to Decline

July 18, 2012

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Posted by in Northeast Florida Market Trends

“The difference between the impossible and the possible lies in a person’s determination.” Tommy Lasorda

markettrendsThis is true in baseball and life. I hope your determination is strong. We are halfway through the baseball season and halfway through 2012. The Northeast Florida Association of Realtors market stats for June and the first half of this year are still showing positive trends.

The pending sales stayed strong with 1,970 contracts written in June which is 24% more than June 2011 when there were 1,592. For the first half of the year there are 10,453 pending sales which are 17% more than the 8,949 pending in 2011. Read more

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May Real Estate Trends – Pending Sales Increasing, Inventory Decreasing and Prices Stabilizing

June 22, 2012

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Posted by in Northeast Florida Market Trends

“High expectations are the key to everything.”  Sam Walton

logo-nefarMy expectations about the Northeast Florida housing market remain high after reviewing the Northeast Florida Association of Realtors Market Stats for May.

The biggest news for May is pending sales of 2,114. The last time we had over 2,000 contracts written in a month was in early 2006. Pending sales are up 36% over last May and 19% year to date through May compared to the previous year. The price range with the largest increase in pending sales is the $1 Million and up properties with a 39% increase. Read more

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Trends Show Improvement in the Real Estate Market for April 2012

May 29, 2012

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Posted by in Northeast Florida Market Trends

“I learned that if you want to make it bad enough, no matter how bad it is, you can make it.” Gale Sayers

It has been a very long 5 years for all of us but we can all get inspiration from Chicago Bears running back Gale Sayers. I believe our perseverance is paying off as we experience continued good signs for our real estate market.

I recently attended a speech given by Dr. John Tuccillo. He was the Chief Economist for the National Association of Realtors for many years and is now in the same position with the Florida Realtors.  Dr. Tuccillo’s opinion is that when we see the following three trends in unison we can rely on improvement in the real estate market:

1. A decline in the number of new listings
2. A decline in the time a listing stays on the market
3. An increase in the ratio of selling price to listing price Read more

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March Real Estate Trends – Inventory is Down and Sales are up!

April 30, 2012

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Posted by in Northeast Florida Market Trends

“It was high counsel that I once heard given to a young person. “Always do what you are afraid to do.” Ralph Waldo Emerson

That will be my advice to my youngest son, Sam, who graduated from UNF on Friday with a Degree in Mechanical Engineering. I am so blessed with a great family!

I found some interesting information in the Northeast Florida Association of Realtors Market Stats for March. We have a very positive trend in pending sales. There were 2,018 contracts written in March 2012 compared to 1,719 in March 2011 for a 17% increase. The first quarter of 2012 is up 18% over the first quarter of 2011. In my office, the first quarter pending sales are up 40% over first quarter last year.

Now for the interesting part, there were 1,419 closings in March 2012 compared to 1,529 closings in March 2011 for a 7% decrease. The first quarter closings are down 3% compared to first quarter last year. Pending sales have risen so dramatically in the last 3 months, the closings should be increasing soon. It was also interesting to note that the price range with the largest increase in pending sales is $1,000,000 and above with an 18% increase. Read more

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Northeast Florida Market Trends for February: The Highest Number of Pending Sales Since April 2010!

March 27, 2012

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Posted by in Northeast Florida Market Trends

“I’ve got a great ambition to die of exhaustion rather than boredom.” Angus Grossart

I have been saying for almost 32 years that I could never be bored married to Jim. There is no way to predict what he will do any day and he somehow always convinces me to join in whatever adventure he creates. Something new I am working on is to find some joy in every single day. I hope you will also.

I found some joy in the Northeast Florida Association of Realtors Market Stats for February. The most exciting news to me is the increase in pending sales of 27% over February 2011. For the last 12 months we have averaged 1,493 pending sales and in February 2012 there were 1,750 contracts written. This is the highest number of pending sales since April 2010. Interestingly, based on a rolling 12-month total the $500,000-$1M price range had the highest percentage increase (over 17%) in pending sales.

The inventory has continued to decline. There were 14,321 active properties available in the NEFAR market area in February 2011 and there are 30% less properties available in February 2012 with only 9,977 active properties. The months supply of inventory dropped 35% from 10.3 months supply in February 2011 to 6.7 months supply in February 2012 very near market stabilization. The price range with the largest decrease in number of properties and months supply is the under $150,000 price range with a 5.3 month supply. Read more

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