Davidson Realty, Inc.

Jacksonville Real Estate Trends in November – Industry Experts Predict Home Sales Reaching Highest Level Since 2006

December 22, 2015

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Posted by in News, Northeast Florida Market Trends

“Yesterday is not ours to recover, but tomorrow is ours to win or lose.” — Lyndon B. Johnson

A great thought as we wrap up 2015 and embark on a wonderful new year in 2016. This time of year most of us begin planning the next year so let’s look at a few of the predictions.

The 2016 housing forecast issued by realtor.com said “New home construction and moderate gains in the existing home market will deliver a one-two punch that pushes total home sales to the highest levels since 2006.” They are predicting total sales for existing and new homes will reach 6 million, prices will grow around 3% year-over-year and new home sales will grow 16%. 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 Real Estate Trends in September – Experts in the Industry Forecast Continued New Construction Growth

October 23, 2015

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Posted by in News, Northeast Florida Market Trends

“Success is not final, failure is not fatal: it is the courage to continue that counts.” Winston Churchill

This quote seems appropriate with the baseball playoffs in full swing, college football rivalries broadcast weekly and of course the trials and tribulations of the Jaguars!!!

This quote certainly applies to the real estate industry.

Over the last thirty days there have been numerous articles by the pundits in the real estate industry forecasting what to expect industry wide over the next three years.

• Kent Hoover – The Business Journal found: The Housing Market Index, which is a survey of builder confidence, jumped three points this month to 64, which is the highest level in 10 years. Read more

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Jacksonville’s Real Estate Trends in July – Pending Sales Higher Than 2005’s Market Peak!

August 25, 2015

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Posted by in Northeast Florida Market Trends

The only fool bigger than the person who knows it all is the person who argues with him. – Stanislaw Jerszy Lec

I don’t want to be the person who knows it all, but I would like to share with you my insights into the real estate market based on the July statistics produced by the Northeast Florida Association of Realtors.

The local real estate market is going strong. Pending sales for the last 5 months have been higher than they were during the peak market of 2005. There were 2,661 pending sales in July which is 24% higher than the previous July. Pending sales are 20% higher year to date than the previous year to date. Read more

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Jacksonville FL Real Estate Stats – Pending Sales up 32% from June 2014

July 31, 2015

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Posted by in News, Northeast Florida Market Trends

“Isn’t it funny how day by day nothing changes, but when you look back everything is different…” C. S. Lewis

I am seeing solid steady improvement in the real estate market. I much prefer steady improvement over the roller coaster ride we have been on for many years.

The June 2015 Northeast Florida Association of Realtors (NEFAR) market stats show steady improvement in pricing, closings and pending sales. The average sales price in June is $224,387 which is an increase of 6% over the June 2014 price of $210,846. The year to date increases were 4% in 2014 and 6% in 2015. The median sales price is $183,590 and show similar year to date increases of 4% in 2014 and 8% in 2015. Read more

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