Davidson Realty, Inc.

March 2020 Northeast Florida Market Stats: How is COVID-19 Impacting our Market.

April 23, 2020

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Posted by in News

I want to share the latest market stats from the Northeast Florida Association of Realtors and the thoughts of other Realtors and Builders on how the COVID-19 Pandemic is impacting our market.

 

The March 2020 market stats are surprisingly still positive because so many of the listings and sales were already in the works when we began seeing impacts from the virus in mid-March. There were 3,976 new listings compared to 3,963 last March for a 0.3% increase.

 

There were 2,832 pending sales down 5.9% from 3,010 last March as we began to see less buyers out in the last half of the month. There were 2,672 closed sales which is an increase of 2.1% over 2,617 last March. It seems most people under contract were able to close in March. We only lost a couple of transactions that were to close at the end of March.

 

We haven’t seen any impact on prices from the Pandemic yet. The median sales price of $243,635 was up 5.9% over last March and the average sales price of $287,210 was up 6.7%.

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Congratulations to the Top Producing Agents for March & the 1st Quarter of 2020.

April 9, 2020

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Posted by in Agent Feature, News, Top Agents

I would like to congratulate our team for a great month of March and a great quarter. Our Top agents deserve special recognition.

 

Suzy Evans is our Top Producer for March with $2.3 Million in closings for the month. Suzy uses technology and her negotiation skills to set herself apart. She works tirelessly to help her customers achieve their goals.

 

 

Lynn Whitley is our Top Sales agent for March. Lynn has been in real estate for over 20 years and is always learning more. She is a Broker Associate and has many designations. Lynn’s customers appreciate the time she spends with them making them very comfortable with the sales process.

 

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The Northeast Florida February 2020 Market Stats Show the Same Positive Trends.

March 25, 2020

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

 

As I write this letter, there is a lot of uncertainty and concern over the Coronavirus. I do not pretend to know the impact we will see on the real estate market or the economy, but I know God is in control and I will take one day at a time.

 

I can tell you the Northeast Florida Association of Realtors market stats report for February 2020 shows the same trends I have been repeating every month. Pending sales, closed sales, median and average sales prices are up and inventory of homes available is down. These are all very positive trends.

 

From the NEFAR report, “The recently released January ShowingTime Showing Index saw a 20.2 percent year-over-year increase in showing traffic nationwide. All regions of the country were up double digits from the year before. As showing activity is a leading indicator for future home sales, the 2020 housing market is off to a strong start, though it will be important to watch the spread of COVID-19 and its potential impacts to the overall economy in the coming months.”

 

There were 2,743 contracts written and pending sales were up 10.3% month-over-month and year-to-date. There were 2,201 closings which is up 4.1% for the month and 6.7% for the year.

 

The median sales price is $239,700 which is up 6.6% over last February and the average sales price is $287,068 which is up 12.2% for the same period.

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Congratulations to the top producing agents at Davidson Realty for February 2020.

March 6, 2020

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Posted by in News, Top Agents

I would like to recognize our entire team for a great February with over $9 Million in closings.

 

The Top Producing, Top Sales and Top Listing agent for the month is Mirtha Barzaga. Mirtha helped 6 families make a move this month for a total volume over $2.5 Million. Mirtha supports Nease High School ROTC and band programs in addition to many other local causes.

 

 

 

The Top Producing Team for February is Dana Usrey and Deborah Shadowen, a great mother-daughter team. Dana and Deborah are very active in the local schools and involved in Davidson Realty’s “Deck the Chairs” entry every year.

 

 

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The Northeast Florida Association of Realtors market stats for January also show very positive trends!

February 25, 2020

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Posted by in News, Northeast Florida Market Trends

The recent Florida Realtors Real Estate Trends summit had great speakers including Dr. Sean Snaith, director of the University of Central Florida’s Institute for Economic Forecasting. Dr. Snaith said, “We’re in the 11th year of the U.S. economic recovery – the longest economic recovery in U.S. history – and there are no indications that’s going to end any time soon.”

 

“Florida’s economy is doing even better than the national economy as a whole and it has been since 2012. Our unemployment rate is down to 3.3%. Florida’s GDP (Gross Domestic Product) continues to grow faster than the U.S.’s GDP, and our job growth rate is almost twice the national rate. Florida’s population growth is solid – the birth rates are better than the death rates, so we’re making new residents faster than we’re losing them.”

 

Another great speaker was Florida Realtors Chief Economist, Dr. Brad O’Connor. He agreed with Dr. Snaith and said he anticipates a robust outlook for the state’s housing market. He said, “Overall, I think we can expect to see a similar amount of price appreciation over the coming year, at about 4%, and I think we’ll see a similar amount of growth in closed sales for 2020 at about 4%.”

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