Jacksonville FL Real Estate Trends in January 2011

February 23, 2011

 | 

 “The path to our destination is not always a straight one. We go down
 the wrong road, we get lost, we turn back. Maybe it doesn’t matter
 which road we embark on. Maybe what matters is that we embark.”
        — Barbara Hall

We have embarked on a new year and January is already proving correct many predictions of ups and downs in the real estate market during 2011. See the table below for the latest Northeast Florida Association of Realtors statistics.

 

Jan 2009

Jan 2010

Jan 2011

Pending Sales

942

1,148

1,396

Closed Sales

701

921

993

Days on Market Until Sale

109

102

120

Median Sales Price

$155,000

$132,700

$120,750

Average Sales Price

$201,832

$164,825

$153,361

% of Original List Price Received

86.3%

88.6%

86.1%

Inventory of Homes for Sale

16,690

15,443

13,198

Months Supply of Inventory

15.9

12.3

9.4

As you can see, pending sales, closed sales, Inventory of homes for sale and months supply of inventory are all showing positive trends. There are more sales each year and less inventory.

The median and average sales prices are declining. One major reason for this decline is that a staggering 59% of all closings in January were short sales or foreclosures.

If you take a 12-month average of the average sales price for the most current year, you will see it comes to $169,465 which when compared to the previous year of $179,057 shows a 5.4% decline in pricing. This method helps to smooth out the bumps in pricing each month.

If you know of anyone that would like to buy, sell, or rent a home, please give me a call. I would love to take great care of any of your referrals.

Healthy Meals on a Budget – February Davidson Speaker Series

February 15, 2011

 | 

IMG_0378If you haven’t come to a Davidson Speaker Series, then this is the month you will want to join us. We have one of these events on the last Thursday of every month. It begins with wine and cheese at 7 P.M. We invite guests to come and speak about topics we know you are interested in! This month isn’t any different. Chef Tasha Peters will be doing a cooking demo on how to eat sensibly and affordably. 

Let me give you a little background about Tasha. She is originally from Savannah, so you know she can cook that good ol’ Southern food! Tasha’s palate is so diverse; she grew up in a military family, living all over the world. Tasha learned to appreciate the eclectic cuisine from the locals.

WBC 5th Anniv 013AChef Tasha has worked in the food industry for twenty years. Five years ago, she decided to open her own business, Big Mouth Catering and Personal Chef Service. Tasha customizes menus for busy professionals. She has helped many people achieve their weight loss goals by helping with proportions and diet. Not only did she excel as a personal chef, but also as a caterer. In addition to family meal planning and dinner parties, Tasha has designed and executed parties for up to 200 guests.  One of Tasha’s favorite ways to exceed client’s expectations is with a romantic dinner for two in their home where she designs a perfect menu, prepares and serves a romantic dinner.

Now she is off on a new endeavor with her husband Marshall Peters. They are opening up a restaurant in St. Augustine Beach called “The Groove”. It is located in the quaint Sea Grove Town Center at 128 Sea Grove Main St.  The Groove is a fast, casual restaurant serving fresh salads, Panini’s, flat breads, craft beers and wines. The Groove caters to special diets such as gluten free and Vegan. It opens on April 30th!

So, come have a glass of wine and delicious food with me on February 24th at 7 p.m. at the Davidson Realty building! We need an r.s.v.p. for this one, so email Peyton at pdavidson@davidsonrealtyinc.com or call 904-940-5000.

How Full is Your Bucket? Davidson Appreciates Teachers

February 10, 2011

 | 

how-full-is-your-bucketHave you ever been asked if you are a “bucket-filler” or a “bucket-tipper”? If you’re a “bucket-filler” you choose to make other people happy. And, if you do that, you fill your own bucket with happiness in return. On the other hand, if you are a “bucket-tipper” you make other people sad and it ends up emptying your own bucket too. The teachers at Wards Creek and Mill Creek are bucket-fillers. Davidson Realty is doing a year-long contest called “Davidson Appreciates Teachers”. We have split it up into 4 quarters recognizing the different grades and support staff. I have been truly touched by the emails and phone calls I have received in the past month.

Every email and phone call nominating the teachers from Pre-k, Kindergarten and First Grade from the two schools has filled my bucket! Parents, grandparents, aunts and uncles have taken the time to share their gratitude for the experience their child has in Mill Creek and Wards Creek. For many parents, they are describing their first experience in the school district. How amazing is it that we live in a community with such high quality schools! We have confidence in our schools to help us raise our children to be responsible adults that give back to our community and be productive in our society. After all…it takes a village!

Read more

Starting 2011 off with a Bang! Our Top Realtors in January

February 3, 2011

 | 

What a great way to kickoff 2011! Our Jacksonville Realtors had over $4.6 million for closings and sales of approximately $3.5 million. We put up some good numbers this month and hopefully it’s only the beginning of what’s to come. Now, let’s congratulate our Tops!

dottieOur Top Lister this month is Dottie Lay with over $500,000 in listings sold and over $600,000 in total sales. Dottie has over 25 years of experience selling Jacksonville FL real estate and if you take a look at her numbers in 2010 and the beginning of 2011 that experience is shining through! Dottie not only received 2 of the top awards at our awards banquet for Top Sales Agent and Top Closer, she also won two awards our staff and agents voted on for professionalism, honesty, sincerity, and goes above and beyond. Not only do her customers appreciate her experience, so does everyone at Davidson!

suzyFor January, our Top Sales Agent is Suzy Evans with over $700,000 in buyer sales and over $900,000 in total sales. Suzy also did very well at our awards banquet being named the Top Lister of 2010. Not to mention, she cleaned up with the prizes we raffled for participating in company events, team building, educational activities, and going above and beyond. She is always willing to help the other agents and continues to impress her customers.

Ana SpezialeAnd, our Top Producer for the month with the most closings is Ana Speziale with $1.3 million. Ana was awarded at the banquet for over $2 million in closings and $3 million in sales. Everyone at Davidson is so proud of Ana and we all have a lot to learn from her about customer service. We get flooded with notes from her happy customers raving about how patient and kind she is. We are very lucky to have her!

Congratulations to all of our agents that had a sale, listing, or closing in January. It looks like 2011 is going to be a great year!

Jacksonville FL Real Estate Trends for December 2010

January 28, 2011

 | 

“A journey of a thousand miles begins with a single step.” Chinese proverb

I picked the quote this month because I am seeing some small positive signs in the Jacksonville real estate market. I don’t expect dramatic improvement, but single steps in the right direction will get us started on our journey.

My information comes from NEFAR which covers much of the Jacksonville MSA. The information I use by zip code comes from Metro Market Trends and is pulled from the County tax records.

Pending sales for 2010 were 17,040 compared to pending sales for 2009 of 15,111. There was a 12.8% increase in pending sales year over year.

There were 16,106 closings in 2010 compared to 14,525 in 2009 for a 10.9% increase. Just to put this in perspective 2008 had 12,604 closings and 2007 had 16,775 closings. As you can see the 2010 closings are pretty similar to what we saw in 2007. Read more

« Newer Posts   Older Posts »

Davidson Realty