Davidson Realty, Inc.

Jacksonville Market Trends for April 2014: All-cash Sales up While Distressed Sales and Investors Decline

May 21, 2014

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Posted by in News, Northeast Florida Market Trends

“The more you praise and celebrate your life, the more there is in life to celebrate” Oprah Winfrey

May has been full of celebration. Davidson Development celebrated our 25th anniversary May 1, 2014 and Jim and I celebrated our 34th wedding anniversary on May 9th. We have been blessed.

You may have seen the recent headlines “All-cash sales up while distressed sales and investors decline”. Lawrence Yun, the National Association of Realtors chief economist offered a terrific explanation. “Florida is the most popular state for international buyers, who generally pay cash, as well as vacation-home buyers who frequently pay cash. In addition, downsizing retirees are known to pay cash from the proceeds of their homes in the north.” Read more

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Jacksonville Real Estate Trends for March 2014 – Pending Sales up 11% Over Last Year!

April 25, 2014

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Posted by in News, Northeast Florida Market Trends

“The strength of the team is each individual member. The strength of each member is the team.” ― Phil Jackson

This quote is true in sports and in business. Our team has shown so much strength lately. It is unusual in our industry to find a team that supports each other to make sure the customer is taken care of no matter what.

In reviewing the Northeast Florida Association of Realtors market stats this month, I want to focus on pending sales, closings and inventory. There were 2,333 contracts written in March which is 15% more than last March. The last time we had that many pending sales was for a period of 3 months in 2005 which was at the very peak of the market. The first quarter pending sales are up 11% over the first quarter last year. Read more

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Jacksonville Real Estate Trends for February Show a Normalizing Market

March 20, 2014

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Posted by in News, Northeast Florida Market Trends

“Do not let what you cannot do interfere with what you can do.” – John Wooden

I thought this quote was appropriate when I read RealtyTrac’s report that Florida is still the number 1 state in the nation in foreclosure activity even though initial filings dropped 24% in February from the previous year. The judicial foreclosure process drags on for 1,095 days on average. Only Arkansas and Hawaii have longer time frames. Jacksonville ranked number 3 in highest foreclosure rates in the nation.

I cannot do anything about the foreclosure process, but I can take advantage of all the buyers looking in our area because of the schools, the improvement in jobs and the brutal winter that most of the country has experienced. Read more

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Positive Real Estate Trends for January 2014 – Dramatic Increase in New Construction Forecasted

February 21, 2014

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Posted by in News, Northeast Florida Market Trends

“Talent is God given. Be humble. Fame is man-given. Be grateful. Conceit is self-given. Be careful.”  John Wooden

I love John Wooden quotes and thought it would be appropriate with March madness starting very soon.

The January 2014 market stats for the Northeast Florida Association of Realtors says “Potential trends to watch in 2014 include increased seller activity, more new construction and fewer foreclosures on the market.” Read more

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November Real Estate Trends – 2014 Predictions Show Continued Housing Recovery

December 26, 2013

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Posted by in Northeast Florida Market Trends

Having a place to go – is a home. Having someone to love – is a family. Having both – is a blessing. ~Donna Hedges

This is the time of year when our thoughts turn to home and family. My parents will celebrate their 64th wedding anniversary later this month. I have been very blessed.

The Northeast Florida Association of Realtors market stats for November continue the positive trends we have seen all year. The pending sales were up 15% over last November and 23% year to date.

Closed sales were down 2% from last November but up 23% year to date. The closings were down compared to the same month last year because lender-mediated closings are down 15%, while traditional closings are up 7%. Lender-mediated closings accounted for 36.4% of total closings compared to 41.8% November 2012. Read more

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