Davidson Realty, Inc.

Real Estate Market Update

December 23, 2020

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Posted by in News, Northeast Florida Market Trends

“God has given us two hands – one to receive with and the other to give with. We are not cisterns made for hoarding; we are channels made for sharing.” Billy Graham

 

The Northeast Florida Association of Realtors market stats continue to show more buyer demand than seller supply. Pending sales were below normal in March, April, and May due to COVID-19; however, the year to date pending sales are up 11.6% over the same period last year. The 2,858 pending sales in November is 21.3% higher than last November.

 

The 2,680 closings in November are 13% higher than last November. We are up 6.7% year-to-date over the same period last year.

 

The homes available for sale is the lowest number on any reports I have seen. There are 5,211 homes available in Northeast Florida down 44.7% from 9,418 in November 2019 and 9,976 in November 2018.

 

There is 1.7 months supply of homes for sale which is down 51.4% from last year. A balanced market is 5 to 6 months of inventory.

 

The Northeast Florida builders are building more homes than in any year since 2005. There have been 11,343 permits issued in the Jacksonville MSA through November. That is 18% higher than 2019 in the same period. There were 10,345 permits in all 12 months of 2019.

 

The low supply and increased demand is causing prices to continue to rise. The median sales price of $262,000 is 12.9% higher than last November and we are up 8.8% year-to-date. The average sales price of $317,602 is 17.2% higher than last November and we are up 11.5% year-to-date.

 

Realtor.com has issued the first predictions for 2021. They are predicting a 7% growth in sales nationally and a 5.7% price increase. The 2021 prediction for the Jacksonville area is 9.4% growth in sales and 5.0% increase in prices.

 

Realtor.com is predicting more homes will hit the market in 2021, but buyers will struggle with affordability as home prices continue to rise. Mortgage rates will slowly rise toward 3.4%.

 

· Millennials will continue to drive the market. Older millennials will likely be trade-up buyers while the younger segment of the generation age into their key home-buying years.

· Affordability will become a growing obstacle.

· Inventory will begin the slow road toward recovery.

· Suburbs will shine if remote work stays around.

 

I wish you a wonderful holiday season and an amazing 2021. This year was full of ups and downs with COVID and the election. I wish you a wonderful and safe New Year!

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DOING THINGS RIGHT – PROVIDENCE HOMES SUPPORTS DAVIDSON CARES CLAY DAY

December 18, 2020

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Posted by in Community Involvement, Events, News

For the past five years, Providence Homes has generously supported Davidson Cares Clay Day with the highest level sponsorship. Their relationship with the Davidson Family dates back to 2000 when Providence Homes was a preferred builder for the King & Bear in World Golf Village. The partnership between Providence Homes and Davidson Realty has continued as Providence Homes has graciously invited the Davidson Realty Team to visit their model homes and learn about their latest energy-efficient techniques. “Providence Homes builds a great home and provides their homebuyers with an exceptional experience. They are fair and honorable with customers and are generous when helping the community. It’s a great feeling to bring customers to a Providence Home and know the builder will do the right thing every time,” shares Sherry Davidson, President of Davidson Realty. 

 

Providence Homes is an award-winning home builder based right here in Jacksonville with a  promise to provide a superior home buying experience from start to finish. For more than 25 years, Providence Homes has committed to providing beautifully designed homes at an affordable price. CEO and Founder of Providence Homes, Bill Cellar has built a strong reputation for building each home with the same attention to detail as he would with his own. “From the way they build their homes to the cutting edge technology and techniques to their extraordinary staff, Providence Homes does things right,” shares Sherry Davidson. 

 

Providence Homes is proud to build 100% ENERGY STAR®  Certified homes that provide a safe and healthy environment for the modern family that exceed all traditional code-built homes in both design and performance by using innovative technology and techniques. Providence Homes was recently named a 2020 ENERGY STAR® Partner of the Year – Sustained Excellence Award winner by the EPA. So far, Providence Homes has built more than 1,599 ENERGY STAR® homes which have saved Jacksonville families more than $4,500,000. 

 

Over the past five years, Davidson Cares Clay Day has raised more than $220,185 to support charities in need because of generous sponsors like Providence Homes. To learn more about Providence Homes visit their website at www.providencehomesinc.com or call (904) 447-0724. 

 

Davidson Cares Clay Day

The 5th Annual Davidson Cares Clay Day was held on October 29, 2020 at Jacksonville Clay Target Sports. Davidson Cares Clay Day included two sport shooting events, beginner skeet and sporting clay. Individuals and teams from beginner to expert levels were invited to participate and enjoy a safe shooting experience with no group gatherings. 

 

In association with the event, there was also a raffle contest. Prizes included a 65-quart YETI cooler with 13 full-size liquors.

 

The $40,500 raised from the event and raffles went directly to Builders Care, St. Augustine Youth Services (SAYS), and Investing in Kids (INK!) in equal sums.

 

Visit DavidsonCares.com to learn more about these organizations and donate to support their causes.

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CONGRATULATIONS TO OUR TOP PRODUCERS FOR NOVEMBER

December 15, 2020

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Posted by in Agent Feature, News, Top Agents

The holiday season is here, but real estate is still very active. Congratulations to all of our Top Producers for November.

 

The Top Producer with the most closings for the month is Mirtha Barzaga with $1.6 Million in closings. Mirtha also has the most overall sales with over $1 Million in sales. All while having multiple toy and food drives for the Homeless Coalition and treating her customers to pies for Thanksgiving and Poinsettias and eggnog for Christmas.

 

 

 

The Agent with the most Buyer Sales is Jennifer Todd. Jennifer found two buyers the perfect home. She is very creative in this market with homes moving so quickly. You have to know the market well to assist buyers in this great market.

 

 

Read more

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Davidson Realty Welcomes New Agent Shauna Huddleston

December 14, 2020

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Posted by in Agent Feature, News, Staff

“Only a life lived in service to others is worth living.” Albert Einstein. 

 

Serving others has been instilled in Shauna Huddleston from an early age. The Jacksonville native spent most of her childhood traveling the world as her father was in the United States Air Force before eventually settling back in Saint Augustine, Florida. 

 

Shauna spent twenty-five years in the medical field using her passion of caring for the well-being of others every day. Shauna retired in 2015 from the healthcare field and quickly found excitement for property management. After spending nearly five years helping people find their perfect apartment home, Shauna Huddleston is fulfilling her grandmother’s wish to pursue a career in real estate and Davidson Realty is thrilled that she has joined our team of real estate experts. 

 

“Shauna is a great and very welcomed addition to our team. She brings a wealth of knowledge and experience having a background in property management services,” shares Andrea Gallagher, Davidson Realty Sales, and Training Manager. “Transitioning into a full-service real estate advisor helping customers buy, sell or rent seems only fitting and natural for her skill set and abilities.” 

 

For Shauna, Davidson Realty was the perfect fit. “I had an immediate connection with Sherry Davidson and the rest of the team. I felt led to join the brokerage as we share the same passions and core values. I am excited to share my passion for this area and help others find their dream homes,” shares Shauna. Shauna looks forward to continuing to serve her community as a member of the Davidson Realty family. 

 

In her spare time, Shauna loves spending time with her family and friends. Shauna has been married for twenty years to a retired St. Johns County Deputy Sheriff and has two amazing children, two “bonus” kids, and a three-year-old Chihuahua! Some of Shauna’s favorite activities include traveling, camping, snorkeling, and paddleboarding. Shauna is also very active in the community and tries to do as much charitable work as possible. 

 

Shauna works out of the Davidson Realty World Golf Village Office. If you are interested in buying or selling your home, give Shauna a call today!

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Real Estate Market Update

November 30, 2020

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Posted by in News, Northeast Florida Market Trends

“It is not joy that makes us grateful; it is gratitude that makes us joyful.” David Steindl-Rast

 

I am very grateful to everyone that supported the 2020 Davidson Cares Clay Day! Thanks to your generosity we raised over $40,000 to be split evenly between Builders Care, St. Augustine Youth Services and Investing in Kids.

 

The Northeast Florida Multiple Listing Service shows continued buyer demand and low supply. There were 3,192 closed sales in October which is 24.5% more than the 2,564 last October. The spring buying season got delayed, but we are up 5.6% for year-to-date closings over last year.

 

Pending sales of 3,153 are 18.4% more than the 2,663 pending sales last October. We are up 10.2% year-to-date.

 

There are 6,109 active listings which is down 34.5% from the 9,332 last October.

 

The National Association of Realtors (NAR) 2020 Buyer/Seller Survey has some interesting findings. “The coronavirus, without a doubt, led homebuyers to reassess their housing situations and even reconsider home sizes and destinations,” says Jessica Lautz, vice president of demographics and behavioral insights for NAR. “Buyers sought housing with more rooms, more square footage and more yard space, and they may have desired a home office or home gym. They also shopped for larger homes because extra space would allow households to better accommodate older adult relatives or young adults that are now living within the residence.”

 

The 7 Buyer pandemic-related trends:

  1. Multigenerational homes grow in popularity
  2. Homes are pricier
  3. Shorter house tenures expected
  4. More renters become owners
  5. Buyers love suburbia
  6. Searches speed up
  7. Certain buying segments grow

The 7 Seller pandemic-related trends:

  1. Looking to upsize
  2. Feeling urgency
  3. Technology’s importance grows
  4. Incentives haven’t disappeared
  5. Equity gains
  6. Long-timers appear more motivated to move
  7. Desire to live close to family remains strong

It will be interesting to see future housing trends. For now, we are seeing multiple offers on listings and many potential sellers are on the sidelines.

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