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 Kim Baum

November 19, 2020

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Posted by in Agent Feature, News, Staff

What qualities do you expect from your realtor? Experience? Commitment to understand your needs? A willingness to provide you with a level of service that ensures you will refer them to your friends and family? An understanding of your community and what makes your home valuable? Our new Davidson Realty Agent, Kim Baum, checks all of those boxes.

 

Kim comes to Davidson Realty after an extensive career in education, most recently in the St. Johns County School District, and as a previous owner of several rental properties.

 

“After my first meeting with Kim I knew she would make an excellent addition to our team and was hoping she would choose Davidson Realty,” shares Andrea Gallagher, Davidson Realty Sales and Training Manager. “With her level of commitment and past years’ experiences working in our local school and community she embodies what we deem essential in being a great real estate advisor which is putting people first.”

 

The feeling was mutual as Kim felt right at home at Davidson Realty and truly respected the brokerage’s outstanding reputation. “I chose Davidson Realty because of their extensive training and mentor programs. They have a wonderful team of supportive agents and foster a family atmosphere which I really loved,” shares Kim. “I feel so grateful to be a part of the Davidson Realty team.”

 

After moving to the World Golf Village area of St. Augustine in 2004, Kim fell in love with Northeast Florida. “I truly enjoy living in Northeast Florida as it provides the perfect climate and an attractive pace of life. I look forward to sharing my knowledge of the area with my clients and welcoming newcomers to Northeast Florida!”

 

In her free time, Kim and her husband enjoy traveling the world and playing golf together as much as possible. Kim also has a huge heart for animals and has rescued many dogs, cats, and horses over the years.

 

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

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Community First – MasterCraft Builder Group Supports Davidson Cares Clay Day

November 16, 2020

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Posted by in Community Involvement, Events, News

For many years, Davidson Realty President, Sherry Davidson heard about an incredible event and fundraiser called Clays for a Cause hosted by MasterCraft Builder Group. Mastercraft Builder Group put together the event for friends and trade partners to raise money for local charities while enjoying each other’s company at the same time.

 

Clays for a Cause and MasterCraft Builder Group have not only been major supporters of Davidson Cares Clay Day but truly the inspiration behind it. “I drew inspiration for Davidson Cares Clay Days from MasterCraft’s Clays for a Cause because of how wonderful and fruitful of an event Chris Shee, Founder and CEO of MasterCraft Builder Group, had put together with this team. When I decided I wanted to do something similar, I reached out to Chris and he provided me the insight that allowed me to create an event that was our own,” shares Sherry.

 

With deep roots in Northeast Florida, MasterCraft Builder Group appreciates the importance of being an integral part of this community and giving back. MasterCraft Builder Group is a semi-custom builder and community developer that specializes in thoughtful designs and exceptional quality to meet the needs of the modern family by providing luxury living at an affordable price. MasterCraft Builder Group currently has homes in RiverTown, TrailMark, SilverLeaf, Shearwater, and Madeira. For the second year in a row, MasterCraft Builder Group has been proudly named the “Best Home Builder” in St. Augustine.

 

“Whenever I think of Chris Shee, I remember when he told me ‘You can’t out give God’. That has stuck with me and I am constantly inspired by his good work and dedication to our community,” Sherry Davidson said. Chris Shee and his team definitely have giving hearts. This year, MasterCraft Builder Group partnered with nonprofit Builders Care to build the 2020 Home From The Heart and will be donating more than $100,000 to the organization to support their mission to provide affordable to no-cost construction services to the elderly, disabled, and other nonprofits in Northeast Florida.

 

Davidson Cares Clay Day is proud to have the support and sponsorship from MasterCraft Builder Group as they continue to support local charities. To learn more about MasterCraft Builder Group, visit their website at mastercraftbuildergroup.com or call (904) 295-1604.

 

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 and a CMOR mapping card.

 

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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