Davidson Realty, Inc.

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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Jacksonville’s Real Estate Trends Show Continuing Decrease in Distressed Properties

November 22, 2013

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Posted by in News, Northeast Florida Market Trends

This month I analyzied the Northeast Florida Association of Realtors‘ real estate trends for October 2013.

There were 29% more contracts written (pending sales) in October than the previous year. We are up 26% year to date in the Northeast Florida market area.

Closings were 7% less in October compared to the previous year; however, we have 23% more closings year to date than last year. It is interesting to look a little deeper because the lender-mediated closings dropped 25% from 706 last October to 533 this year. Traditional closings were up 8% from 891 closings last October to 959 this year. Lender-mediated closings were only 36% of total closings in October compared to 44% last October. It is very encouraging to see less distressed properties and more normal closings. The median sales price of $158,865 is up 16% over last October and prices are up 16% year to date. Read more

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FL Real Estate Trends in September – New Construction is Booming in St. Johns County!

October 28, 2013

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Posted by in News, Northeast Florida Market Trends

He who thinks he is leading and has no one following him is only taking a walk. ~ Malawian proverb

There is a lot of wisdom in this quote from Africa. It would not hurt for those in Washington to consider these words.

The NEFAR Market Stats for September 2013 begins its summary with “Do you hear that? Hummmmm. That’s the delightful sound of normalcy. Buyers are buying, sellers are selling, lenders are lending and builders are building.” Our monthly closing report for Davidson Realty shows 32% of our closings were new construction,  59% were traditional (normal) closings and only  9% were  foreclosures or short sales. Read more

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Northeast Florida Real Estate Trends for July – Pending Sales at Highest Since 2005!

August 26, 2013

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Posted by in Northeast Florida Market Trends

“If things seem under control, you are just not going fast enough.”  Mario Andretti

Things are moving pretty fast in my world. Speed is important in the real estate market today. Buyers have to be willing to move quickly to get the home they want.

The Northeast Florida Association of Realtors July 2013 market stats report began with this sentence: “It won’t be long before the housing recovery is simply referred to as housing.” That statement has a nice ring to it after spending 6 long years watching every month for small signs of market improvement. Read more

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Jacksonville FL Real Estate Trends in May – New Listings, Closings, Sales and Prices are all up!

June 20, 2013

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Posted by in Northeast Florida Market Trends

“I’d rather be a could-be if I cannot be an are; because a could-be is a maybe who is reaching for a star. I’d rather be a has-been than a might-have-been, by far; for a might have-been has never been, but a has was once an are.” — Milton Berle

If you did not have to read that more than once, you are much smarter than me.

I would like to share a few insights from Dr. John Tucillo, the chief economist for Florida Realtors who spoke in Jacksonville recently.

  • 1- The real estate market is heavily tied to employment. Employment will not change significantly unless we have new industries to create employment or we restore manufacturing. Read more
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