Davidson Realty, Inc.

Northeast Florida Real Estate Trends in July

August 30, 2010

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Posted by in Northeast Florida Market Trends

This week’s headlines on the historical drop in national home sales certainly didn’t help in creating market confidence.  Closings in the Northeast Florida Association of Realtors (NEFAR) market area in July are down almost 30% from the number of closings in June. I really believe the tax credit is part of the reason for this drop.  It is encouraging to see that pending sales or new contracts being written in Northeast Florida have increased over June.

Out of curiosity I did some research on high-end transactions in the Nease High School attendance zone which includes communities such as Nocatee, Palencia, World Golf Village and everything in between. Since January 2010 there have only been 25 single family homes closed over $500,000. My statistics come from the Northeast Florida Multiple Listing Service and do not include any home listed only in the St. Augustine MLS. Sales of high-end residential homes are still hampered by the lack of consumer confidence and the mortgage lending market.

Here are a couple facts about St. Augustine and  Jacksonville FL real estate in July:

• While the median sales price in the NEFAR area dropped in July, the average sales price in the NEFAR  area showed a slight increase. Unfortunately our primary markets 32092 (World Golf Village) and 32095 (Palencia) showed a decrease in the average sales price. Home price improvement will only be generated by reduced housing inventories and increased job production in the private sector.
• The number of homes available for sale continues to drop. When looking at “for sale” inventories, keep in mind there is a need to segregate listings based on sales price viability. There are many sellers listing their homes high above true market value. These properties are “for sale” but not saleable.
• The inventory of available homes in the World Golf Village is less than half of what it was 2 years ago. In August 2008 there were 258 active listings and in July 2010 there were only 122 active listings. Read more

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Davidson Hits the Road!

August 25, 2010

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Posted by in News

DSC_0110There has been a lot of restructuring going on lately in this St. Augustine FL real estate office and we couldn’t be happier about it! We are really excited about our new and improved sales meetings on Tuesday mornings. The agents are getting more involved, we are team building, celebrating hard work, congratulating each other, and having fun! And, of course, we are learning all about Northeast Florida real estate.

To help get more “hands on” we’ve decided that once a month, the last Tuesday of the month, we’re taking our party on the road to see and learn all we can about our area. So far we’ve seen the beautiful Lennar, David Weekley Homes, Taylor Morrison, and CornerStone Homes’ models in Nocatee and August 31st we are setting out to make Aberdeen home for a couple hours.

Aberdeen is full of great properties and builders. Have you had the chance to check out the community? There is so much going on there that you might not have seen. We are starting off at the Drees Homes’ model and then exploring what Richmond American, DR Horton, Holder Johnson, and Mercedes Homes’ have to offer. If you are interested in the CR 210 area, any one of our Jacksonville Realtors can show you around town! Read more

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ICI Homes’ Sales Strong in 2010

February 5, 2010

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Posted by in News

Don_Wilford_Picture[1]Since Davidson Realty recently listed ICI Homes’ properties in Palencia, I decided to pop my head into Don Wilford’s office and say hi. Don is a third generation builder who started with ICI Homes as a construction manager over 30 years ago. He worked his way up to ICI’s North Florida Division President. Needless to say, he has experienced many changes in the real estate market over the years. He has seen it up and he has seen it down…so I value his opinion on the state of the market!  

When I asked Don how he was feeling about the market,  he shared he believes new construction prices have bottomed out and are starting to go up slightly. He said new construction will not go lower and he predicts that construction costs will rise at least 10% by the end of 2010. Many consumers must agree because there has been an increase in sales activity. ICI sold 10 homes in January – and six of them were new builds with an average price of $500,000. This means ICI sold more new builds in January 2010 than they did in all of 2009! Read more

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Understanding Realtors Make a Difference in Selling Distressed Properties

January 13, 2010

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Posted by in Distressed Properties

Dottie LayI have been working with many homeowners lately that are in a distressed financial situation. They aren’t able to pay their mortgage any longer and are looking at alternate solutions, like a Short Sale and, in extreme cases, foreclosure. Unfortunately, this has become quite a common occurrence, which is why there are so many foreclosures in Jacksonville and the rest of the Northeast Florida real estate market. As the homeowners make these difficult decisions, they feel grief and sadness.  It is my job to help my clients with their real estate transactions, however, as I work with them they become my friends too. And I want to help alleviate their stress and get them to a brighter tomorrow. So I did a little research to get a better understanding of what they are going through. I realized that the stages you go through when you are losing your home are the same stages as when you lose a loved one. After any significant lose, people experience the five stages of grief. They are:

1. Denial and Isolation- At first, you tend to deny the loss has taken place.
2. Anger – You may be angry with yourself for letting the event take place, even if, realistically, nothing could have stopped it. Read more

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Beverly Morse is Davidson Realty’s featured agent

November 12, 2009

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Posted by in Agent Feature

Beverly Morse“I would recommend you to all sellers and purchasers…”

Those are words that every Realtor dreams to hear and it isn’t the first time that Davidson Realty agent, Beverly Morse, has heard them. That quote comes directly from a letter written by one of Beverly’s clients after she sold their house in two weeks.

Beverly’s fascination with beautiful homes and decorating drew her into real estate. She also believes her past career led her to where she is today. She says she has been in service related jobs her entire career, so it seemed natural to combine working with people and helping them find the ideal house for their family.  Read more

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