Davidson Realty, Inc.

More Good News with June Real Estate Trends – Pending Sales and Prices are up and Inventory Continues to Decline

July 18, 2012

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Posted by in Northeast Florida Market Trends

“The difference between the impossible and the possible lies in a person’s determination.” Tommy Lasorda

markettrendsThis is true in baseball and life. I hope your determination is strong. We are halfway through the baseball season and halfway through 2012. The Northeast Florida Association of Realtors market stats for June and the first half of this year are still showing positive trends.

The pending sales stayed strong with 1,970 contracts written in June which is 24% more than June 2011 when there were 1,592. For the first half of the year there are 10,453 pending sales which are 17% more than the 8,949 pending in 2011. Read more

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Is It the End of the Buyer’s Market?

July 12, 2012

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Posted by in News, Northeast Florida Market Trends

home-buyers-sellersLately in the Davidson Realty weekly sales meetings our Jacksonville Realtors have been sharing the kinds of stories we’ve haven’t heard in quite awhile.  That is the “Tale of the Home that Got Away”.  The market is heating up and buyers are actually missing out on the homes they want because they are not moving quickly enough or underbidding.  It seems that the tide is shifting away from the Buyer’s Market.  The primary reasons for that are reduced inventory and pent up demand.  People are finally buying homes again and there are fewer to choose from. Read more

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May Real Estate Trends – Pending Sales Increasing, Inventory Decreasing and Prices Stabilizing

June 22, 2012

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Posted by in Northeast Florida Market Trends

“High expectations are the key to everything.”  Sam Walton

logo-nefarMy expectations about the Northeast Florida housing market remain high after reviewing the Northeast Florida Association of Realtors Market Stats for May.

The biggest news for May is pending sales of 2,114. The last time we had over 2,000 contracts written in a month was in early 2006. Pending sales are up 36% over last May and 19% year to date through May compared to the previous year. The price range with the largest increase in pending sales is the $1 Million and up properties with a 39% increase. Read more

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Trends Show Improvement in the Real Estate Market for April 2012

May 29, 2012

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Posted by in Northeast Florida Market Trends

“I learned that if you want to make it bad enough, no matter how bad it is, you can make it.” Gale Sayers

It has been a very long 5 years for all of us but we can all get inspiration from Chicago Bears running back Gale Sayers. I believe our perseverance is paying off as we experience continued good signs for our real estate market.

I recently attended a speech given by Dr. John Tuccillo. He was the Chief Economist for the National Association of Realtors for many years and is now in the same position with the Florida Realtors.  Dr. Tuccillo’s opinion is that when we see the following three trends in unison we can rely on improvement in the real estate market:

1. A decline in the number of new listings
2. A decline in the time a listing stays on the market
3. An increase in the ratio of selling price to listing price Read more

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Dreaming About a Bigger Home? Now is Your Time!

May 23, 2012

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Posted by in News

If you’ve been waiting to upsize your home, it’s a good time to jump into the market. In fact, it seems like many buyers realize the prime opportunity for going bigger is now. Once again, the Northeast Florida Association of Realtors posted some positive market stats for March, including a 17% increase in pending sales for March 2012 over 2011. In our World Golf Village office, pending sales have been up 40% for the first quarter of 2012 over first quarter 2011. The price range with the largest increase in pending sales? Homes priced $1million and above have seen an 18% in pending sales. Read more

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