Davidson Realty, Inc.

June Real Estate Trends – Pending Sales are Approaching Historical Peak Activity

July 25, 2014

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Posted by in News, Northeast Florida Market Trends

“Sometimes the questions are complicated and the answers are simple.” ― Dr. Seuss

If you are like me, you are drawn to read every article you come across on the subject of the real estate market. Most of these articles generate more questions than answers due to the inconsistency in their conclusions. For example, in the last week I have read (reliable sources!) that new home sales are up to the highest level in 6 years and the real estate recovery is sputtering. Much of the reported news reflects the market where the reporter resides. Additionally, while the national trends are important as an overall indicator, it is our own local trends that are critical to the planning process. Read more

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Jacksonville Real Estate Trends in May – Short Sales Out, Foreclosures in…How Crazy is That?!

June 20, 2014

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Posted by in News, Northeast Florida Market Trends

“A truly rich man is one whose children run into his arms when his hands are empty” – Unknown

I picked this quote to honor all the great Fathers out there. I hope your Father’s Day was the best ever. The real estate market has improved every month in 2014.The numbers below are from the Northeast Florida Association of Realtors market stats report.

January

February

March

April

May
Pending Sales

1,840

1,909

2,193

2,347

2,467
Closed Sales

1,505

1,649

1,876

1,975

2,044

The median sales price and the average sales price are up 3.4% and 3.6% respectively year to date. Read more

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Jacksonville Market Trends for April 2014: All-cash Sales up While Distressed Sales and Investors Decline

May 21, 2014

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Posted by in News, Northeast Florida Market Trends

“The more you praise and celebrate your life, the more there is in life to celebrate” Oprah Winfrey

May has been full of celebration. Davidson Development celebrated our 25th anniversary May 1, 2014 and Jim and I celebrated our 34th wedding anniversary on May 9th. We have been blessed.

You may have seen the recent headlines “All-cash sales up while distressed sales and investors decline”. Lawrence Yun, the National Association of Realtors chief economist offered a terrific explanation. “Florida is the most popular state for international buyers, who generally pay cash, as well as vacation-home buyers who frequently pay cash. In addition, downsizing retirees are known to pay cash from the proceeds of their homes in the north.” Read more

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Jacksonville Real Estate Trends for March 2014 – Pending Sales up 11% Over Last Year!

April 25, 2014

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Posted by in News, Northeast Florida Market Trends

“The strength of the team is each individual member. The strength of each member is the team.” ― Phil Jackson

This quote is true in sports and in business. Our team has shown so much strength lately. It is unusual in our industry to find a team that supports each other to make sure the customer is taken care of no matter what.

In reviewing the Northeast Florida Association of Realtors market stats this month, I want to focus on pending sales, closings and inventory. There were 2,333 contracts written in March which is 15% more than last March. The last time we had that many pending sales was for a period of 3 months in 2005 which was at the very peak of the market. The first quarter pending sales are up 11% over the first quarter last year. Read more

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Positive Real Estate Trends for January 2014 – Dramatic Increase in New Construction Forecasted

February 21, 2014

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Posted by in News, Northeast Florida Market Trends

“Talent is God given. Be humble. Fame is man-given. Be grateful. Conceit is self-given. Be careful.”  John Wooden

I love John Wooden quotes and thought it would be appropriate with March madness starting very soon.

The January 2014 market stats for the Northeast Florida Association of Realtors says “Potential trends to watch in 2014 include increased seller activity, more new construction and fewer foreclosures on the market.” Read more

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