Davidson Realty, Inc.

Jacksonville Real Estate Trends in April – 1st Quarter was the Best Quarterly Sales Pace in a Decade!

May 30, 2017

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Posted by in News, Northeast Florida Market Trends

“Commitment is an act, not a word.” Jean-Paul Sartre

This quote seems very appropriate for everyone in the real estate industry. We are trusted with the largest purchase in most family’s lives. Thankfully, we have many great professionals in the real estate industry that act with true integrity.

The local and national real estate market is heating up for the summer. An article from Florida Realtors about the National Association of Realtors midyear forecast says “The first quarter was the best quarterly existing sales pace in exactly a decade (5.62 million), and Yun (Lawrence Yun, NAR chief economist) expects activity to stay on track and finish around 5.64 million – the best since 2006 (6.47 million) and 3.5 percent above 2016. With several metro areas seeing hefty price growth, the national median existing-home price is expected to rise around 5 percent this year.” Read more

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Jacksonville Real Estate Trends in March – Highest Number of Contracts Written Ever!

April 21, 2017

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Posted by in News, Northeast Florida Market Trends

“I saw the angel in the marble and carved until I set him free”. Michelangelo

I hope you had a wonderful Easter and are enjoying the awesome spring weather! The Northeast Florida housing market is heating up according to the Northeast Florida Association of Realtors market stats.

The pending sales for March jumped 10% from last March to 2,893. This is highest number of contracts written in any month including the peak of the market in 2005. Read more

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Jacksonville Real Estate Trends in February – More First Time Homebuyers!

March 31, 2017

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Posted by in News, Northeast Florida Market Trends

“It’s what you learn after you know it all that counts.” John Wooden

With March Madness in full swing, we can always use some wisdom from John Wooden. May your team finish strong.

An interesting article on Forbes.com with Lawrence Yun, chief economist of the National Association of Realtors discusses how rising populations and growth in the job market will have a large impact on housing demand over the next decade. Yun says “About 325 million people currently live in the U. S., and population projections forecast a 27 million increase to 352 million in 10 years.” Read more

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Jacksonville Real Estate Trends in January – It’s A Seller’s Market!

February 21, 2017

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Posted by in News, Northeast Florida Market Trends

“Don’t fear failure. Fear being in the exact same place next year as you are today.”

Dr. Sean Snaith, the Director of the Institute for Economic Competitiveness at the University of Central Florida released the Florida forecast in December 2016 for 2016-2019 and the report is very encouraging. He is predicting Real Gross State Product (RSGP) to grow an average of 3.7% annually in 2016 through 2019. Read more

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Jacksonville Real Estate Trends in December – Trulia Names Jacksonville #1 on Hottest Real Estate Markets to Watch in 2017

January 24, 2017

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Posted by in News, Northeast Florida Market Trends

“If you really want to do something, you’ll find a way. If you don’t, you’ll find an excuse.” Jim Rohn

I mentioned last month that Realtor.com is predicting Jacksonville to be the 6th most improved market for 2017. Trulia posted an article “10 Hottest Real Estate Markets to Watch In 2017” and selected Jacksonville, FL number one. Trulia said “Why is it so appealing? First, there are serious job opportunities. Jacksonville posted a 3.8% job growth rate in 2016, which makes it one of the healthiest markets for employment opportunities in the state. Second, there’s an increasing influx of people — which contributes to the area’s very high ratio of inbound home searches on Trulia by out-of-towners versus outbound searches by locals looking to leave.” It makes perfect sense to me that people would want to live in our beautiful area. Read more

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