Davidson Realty, Inc.

Helping Hands: Providence Homes Supports Davidson Cares Clay Day

November 11, 2022

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Posted by in Community Involvement, News

For the past seven years, Providence Homes has generously supported Davidson Cares Clay Day with the highest level of sponsorship. The Davidson Companies have a long history with Providence Homes as they were a preferred builder in several neighborhoods in World Golf Village as early as 2000. “I admire the generosity of the Providence Homes family. They do so much for the community. They are active supporters of Homes for Hope as well as several other worthy causes,” shares Sherry Davidson, President of Davidson Realty. “We have so much respect for Providence Homes and how they treat their employees and customers.”

 

Providence Homes is an award-winning home builder based right here in Jacksonville with a promise to provide a superior home building experience from start to finish. As one of Jacksonville’s only 100% ENERGY STAR® certified home builders, Providence Homes is committed to building each home with the same attention to detail as they would with their own.  Since becoming an ENERGY STAR® partner, Providence Homes has built more than 1,800 ENERGY STAR® homes which has helped Jacksonville families save more than $5 million in energy bills. 

 

With nearly thirty years of experience, Providence Homes has not only made a tremendous impact on the local community, but has helped others internationally through Homes for Hope, Hope International, and New Story. Davidson Realty is honored to have the support of  Providence Homes as they continue to make a difference in the Northeast Florida community. 

 

“Providence Homes is proud to have been a sponsor for Davidson Cares Clay Day for the past seven years. Each year, the event and money raised continues to grow and the impact the benefiting nonprofits selected. This year, we were very excited Davidson Cares added two new phenomenal organizations to the list of recipients; Port in the Storm and Hope is Restored!,” shares Providence Homes President and COO, Sean Junker, “Additionally, we are extremely honored and humbled to have had a St. Johns County student’s college sponsorship donated in Providence Homes’ name through the Investing in Kids’ (INK!) Take Stock in Children program for our support of Davidson Cares since their incorporation in 2012. We are looking forward to attending the student’s graduation and seeing them accept their scholarship on behalf of Davidson Cares and Providence Homes!  We look forward to a continued relationship supporting Davidson Cares and helping to give back locally.”

 

Over the past seven years, Davidson Cares Clay Day has raised more than $330,000 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 7th Annual Davidson Cares Clay Day was held on October 20, 2022, 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 participated.

 

In association with the event, there was a raffle contest. Prizes included a 65-quart YETI cooler with 13 full-size liquors and a 12-Gauge Beretta A400 XCEL Sporting shotgun.

 

Money raised from the event and raffles went directly to Builders Care, St. Augustine Youth Services (SAYS), Investing in Kids (INK!), Port in the Storm Homeless Youth Center, and Hope is Restored.

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Pros and Cons: New Construction vs. Resale

July 2, 2021

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Posted by in New Home Construction, Northeast Florida Market Trends

Owning a home is likely more difficult now than ever before. With the slim inventory of homes for sale, homes are FLYING off the market. From the rise in home prices to competitive bidding wars, homeowners have to wonder: is it worth just buying new construction?

 

“This question is tough to answer these days. The inventory is slim and prices have gone up on both sides. For most buyers, timeline is the key decision driver when choosing between new construction or an existing home,” shares Davidson Realty agent Shelley Nemethy.

 

 

Pros of Building New Construction 

  • Newness – When buying new construction, you’ll be the first to call this house HOME! Buyers buying new homes enjoy the peace of mind of having a warranty through the builder and fewer renovations.
  • Design – New construction homes also often feature more modern architecture and floorplans. You’ll find more open floor plans, additional bathrooms and spaces that can adapt to the needs of your family. New homes will leave you and your family only to make minor modifications, if any, to feel at home.

 

Cons of Building New Construction

  • Supply Shortages – Due to the Covid pandemic, many industries have experienced limited supply, delays, and labor restrictions. This has trickled down to impact home building as the cost of lumber, metal and other supplies have been affected by the pandemic. In turn, the decreased supply has increased cost which of course is passed along to the homebuyer.
  • Longer Timeline – With a new home build, homebuyers usually have to wait months to get into a new home. With the current shortage of supplies, there is an even greater risk of delays. Some homebuilders limit the number of lots available for sale in an effort to keep on schedule. “If you have time to build, you have more time to save money for closing costs,” shares Davidson Realty agent, Terri Apodaca.

 

Pros of Buying Resale

  • Shorter Timeline – When buying a resale, the closing day is often negotiated in the offer. Typically, new home owners gain possession in one to two months after their offer is accepted.
  • Character – Existing homes generally have more traditional layouts and features that elevate the home. These charming touches provide a unique dimension to an existing home.
  • Location – “Older homes are often in areas more convenient to metro areas and in more established neighborhoods with more development surrounding. Yards are typically more spacious with mature landscaping. Buyers also won’t have to worry about the congestion of construction taking place,” shares Apodaca.

 

Cons of Buying Resale

  • Competitive Market – With so few homes for sale, most homes are receiving multiple offers. Prospective home buyers have to be patient, persistent, and ready to make their best offer quickly to achieve their dream of owning a home.
  • Increasing Home Prices – As a side effect of the low supply and high demand for homes, home prices have skyrocketed making it harder to afford a home that would normally be in reach.
  • Home Improvements – Often buying a resale comes with a few compromises. Upgrades, remodels, and projects could be on your to do list after closing to make your new home the home of your dreams.

 

If you are interested in buying or selling in Northeast Florida, trust the real estate experts at Davidson Realty. Davidson Realty has more than 30 years of experience and has built strong relationships with many of Northeast Florida’s leading home builders. This advantage along with their extensive experience buying and selling resale homes, make them the perfect partners to help you navigate the real estate market. For more information, contact Davidson Realty at (904) 940-5000.

 

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The Real Estate Market: How Long Will This Go On?

June 28, 2021

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Posted by in New Home Construction, News, Northeast Florida Market Trends

The story of the real estate market has kept most real estate professionals and home buyers and sellers on the edge of their seats. With such unprecedented and unpredictable times, the biggest cliffhanger is: How long will the real estate market stay like this? 

 

There is no doubt that the real estate market has remained strong for longer than most predicted. “I believe the housing market could remain strong for a while longer. Currently, there is only a 1.1 months supply of homes available in our area. When a balanced market is between 5 to 6 months of inventory, it is clear that demand is still very strong for homes in Northeast Florida,” shares Sherry Davidson, President of Davidson Realty. Additionally, home builders have been building fewer new construction homes since the Great Recession which equates to 4 to 5.5 million fewer homes built, based on historical averages. 

 

As the market has continued to stay strong, more people are getting more “comfortable” with the current real estate market conditions. “Three different surveys indicate more sellers plan to put their homes on the market. This, coupled with homebuilders increasing the pace of new construction, will help increase the supply of homes for sale,” shares Davidson. “Interest rates may rise slightly which may slow demand. I predict we will see more normality in the real estate market by the end of this year or 2022,” Davidson continues. 

 

Because of the increased demand, home prices have been on the rise! “We have been seeing double-digit price increases during this time in the real estate market,” shares Davidson. The National Association of Realtors Chief Economist, Lawrence Yun, predicts we will see median existing-home sales prices increase more than 7% in 2021. 

 

With the increase in home prices, those who have taken advantage of this seller’s market are finding it difficult to buy a new home. While some secured a home prior to selling, many are seeking rental homes or staying with family to buy some time. “If you want to avoid the multiple offer situation and frantic pace of the market, we may see less craziness as we get more inventory. Regardless, now more than ever before you need a real estate professional to help you navigate the market,” shares Davidson. 

 

This time in the real estate market will likely be a period that will go down in history as a story full of twists and turns. If you or someone you know is interested in buying or selling their home, contact the Northeast Florida real estate experts at Davidson Realty today at (904) 940-5000. 

 

 

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