Davidson Realty, Inc.

All is Well in Northeast Florida Real Estate: July Market Stats

August 27, 2019

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Posted by in News, Northeast Florida Market Trends

All is well in Northeast Florida real estate this summer in the most recent report from the Northeast Florida Association of Realtors. The pending sales and closed sales are up, the median and average sales price are up, and the inventory of homes for sale and months supply of homes for sale are down.

 

There were 2,983 contracts written in July which is up 6% over last July and 6% year-to-date. The local data continues to be positive and in June the national numbers were also positive. A National Association of Realtors article says, “The Pending Sales Index (PHSI) – a forward-looking indicator based on contract signings – moved up 2.8% to 108.3 in June, an increase from 105.4 in May. Year-over-year contract signings jumped 1.6%, snapping a 17-month streak of annual decreases. The 2.8% increase is likely the start of a positive trend for home sales, predicts NAR Chief Economist Lawrence Yun.”

  • The closed sales in July of 2,820 were up 1% over last July and 4% year-to-date.
  • The median sales price of $242,000 is up 5% over last July and 2% year-to-date.
  • The average sales price of $283,038 is up 3% over last July and 2% year-to-date.
  • The inventory of homes for sale is down 7% from last July to 9,173.
  • The months supply of inventory is down 12.5% from last July to 3.5 months.
    Five to six months of supply is a balanced market.

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Congratulations to our TOP Producers for July!

August 7, 2019

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Posted by in Agent Feature, News, Top Agents

Davidson Realty just celebrated our 30th anniversary. Thanks to everyone for all of the support over these three decades!

 

July was a great month with $10 Million in closings and I would like to recognize our Top producers.

 

Our Top Producer with the most closings for the month was Mirtha Barzaga. Mirtha just wrapped up her Back to School Drive collecting needed supplies for St. Johns County students. She also supports Nease High School especially the Marching Band and ROTC.

 

The Top Sales agent is Terri Apodaca. Terri is one of the hosts of a great business networking event held the 2nd Wednesday of every month at the Renaissance. Come meet Terri at the next event.

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The Strong Real Estate Market Continues Through Summer!

July 31, 2019

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Posted by in Ask Sherry, News, Northeast Florida Market Trends

It looks like the strong real estate market in northeast Florida will continue through the summer. The Northeast Florida Association of Realtors market stats for June 2019 shows good buyer demand with 2,966 pending sales which is 11% higher than last June and 7% higher year-to-date.

 

Brian Buffini, a leader in the real estate industry for over 30 years, pointed out the four main indicators of the economy as it relates to real estate. The four indicators are jobs, interest rates, population and consumer confidence. All four are extremely positive right now.

 

Jobless claims are at a 50-year low. Mortgage interest rates are more than 0.5% lower than last year and very low compared to historical rates. The United States population is up 45 million people from 2000 to 2018 and consumer confidence is high.

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Congratulations to our TOP Producers for June & the Second Quarter!

July 8, 2019

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Posted by in Agent Feature, News, Top Agents

Thanks for all the support and referrals this year! We helped 31 families purchase their new home or sell their existing home in June.

 

 

Suzy Evans is our Top Producer and Top Lister for June and our Top Sales and Top Lister for the 2nd quarter. Suzy helped 10 families make a move in the quarter with volume of over $3.8 Million.

 

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The May Market Stats Show Increasing Pending Sales & Closing

June 26, 2019

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Posted by in Ask Sherry, News, Northeast Florida Market Trends

The Northeast Florida Association of Realtors market stats for May 2019 show increased pending sales and closings. Prices continue to rise, but at a slower pace than the previous few years. Home sales had weakened late last year when interest rates on mortgages spiked, but the declining rates and strong economy in Northeast Florida have the numbers outpacing 2018 year-to-date.

 

There were 3,114 contracts written in May which is up over 5% for the previous May and year-to-date. There were 3,091 closings in May which is up over 4% month-to-month and year-to-date. The median sales price of $232,000 is up 2% year-to-date. The average sales price of $276,429 is up 1% year-to-date.

 

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