Davidson Realty, Inc.

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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The Things You Might NOT Know About the Real Estate Market in Northeast Florida

June 3, 2021

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

The real estate market is notorious for its ups and downs, however, this real estate market is unique. Inventory is low, demand is high, and homes are FLYING off the market faster than ever! With so much uncertainty in this unprecedented market, it’s more important than ever to have a trusted real estate expert by your side to navigate the market.  Northeast Florida real estate expert Sherry Davidson, President of Davidson Realty, is answering some of the most common real estate questions from the community. 

 

How can I figure out how much my home is worth? 

Your home’s value is whatever the market is willing to pay. The market is changing very rapidly. It is in your best interest as a home seller to have a trusted real estate expert that knows the current market by your side to help you place a value on your home. Our team is selling homes daily and has the knowledge to ensure your home sells for TOP DOLLAR! 

 

Should I sell my home before buying a new one? 

The answer to this question has always been, YES! However, in the current real estate market conditions, the answer depends on your situation. If you sell, you need to have a rental home lined up or have the ability to live with family until you find your next home. If you put a new home under contract, you will probably not get a contingency to sell your existing home. You will risk losing your escrow deposit if you can’t close or you will have to acquire a bridge loan, extra savings, or a gift to close on the new home before you have the closing on your existing home.

 

Is World Golf Village expanding? 

With a few small exceptions, the only portion of World Golf Village not built out is Trailmark. There are new phases of homesites still becoming available in Trailmark.

 

What is the next go-to area to move to in Northeast Florida? 

There are so many incredible communities in Northeast Florida. However, Silverleaf is extremely popular right now. Silverleaf is located in highly desired St. Johns County, Florida, and just minutes from various shopping centers, beaches, golf courses, and entertainment.   The community will also be home to a first-class amenities center for residents to enjoy! 

 

If you are interested in buying or selling a home or have further questions about the market, contact Davidson Realty at (904) 940-5000.

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5 Hidden Gem Neighborhoods in Northeast Florida Worth Visiting

May 17, 2021

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Posted by in Community Involvement, Featured Neighborhood, Neighborhoods, Ponte Vedra, Restaurants

No matter where you explore in Northeast Florida you are bound to find beauty and interest. “Northeast Florida is richly diverse and provides residents a wide variety of activities, restaurants, and sites to enjoy and make wonderful memories. Each neighborhood has a unique culture that truly enriches the First Coast,” shares Davidson Realty President, Sherry Davidson. We’re sharing some new, some old, and some neighborhoods you may have forgotten about in Northeast Florida you need to check out! 

 

San Marco

Take a stroll along tree-lined San Marco Square and you’ll see there is no shortage of incredible dining, boutiques, and art galleries. The Mediterranean-influenced neighborhood which is just a few minutes from Downtown Jacksonville is a perfect place to spend an afternoon exploring. A few of our favorite spots to visit in historic San Marco are Grape and Grain Exchange, Aardwolf Brewing Company, Stellers Gallery, and Heyday!

 

Springfield

As the oldest neighborhood in Jacksonville, Springfield offers residents a historic and eclectic experience. Established in 1869, Springfield, located just north of Downtown Jacksonville, was home to the city’s wealthiest residents. Today, the neighborhood is filled with restored mansions, hip restaurants, and locally-owned shops. Springfield also hosts popular festivals including Porchfest. Be sure to make a pit stop at Strings Sports Brewery while touring Springfield. 

 

Riverside/Avondale

Antique meets modern in charming, historic Riverside and Avondale! Home to the world-class Cummer Museum of Art and Gardens, you won’t want to miss the charm and culture that Riverside and Avondale provide. Drive around the area and you’ll see gorgeous million dollar waterfront homes, locally-owned restaurants, and beautiful parks. Memorial Park, Pinegrove Market and Deli, and Kickback’s Gastropub are definitely places to visit in the area. Oh, and for dessert Whit’s Frozen Custard. 

 

Ponte Vedra Beach

If you have visited Ponte Vedra Beach before, you likely only skimmed the surface of what this stunning resort town has to offer. Prior to becoming a prominent luxury town with world-class golf courses, Ponte Vedra was a pristine wilderness home to valuable minerals giving it the nickname “Mineral City.” Discover Northeast Florida’s natural beauty with a hike at the GTM Reserve or play at TPC Sawgrass, one of the most famous golf courses in the world. Head to Ponte Vedra for date night and try LuLu’s Waterfront Grille or 3 Palms Grille.

 

Nocatee

Perhaps one of the newest go-to areas in Northeast Florida is Nocatee. Although this master-planned community hasn’t been around long, it’s definitely worth visiting! Enjoy lunch at Treylor Park (we suggest the Ahi Tuna Flatbread or the Treylor Park Nachos Grande!) or Timoti’s Seafood Shak before heading to Makk Fashions or Really Good Beer Stop. With new businesses popping up all around Nocatee, you’ll likely have more places to try each time you visit. 

 

Although all these neighborhoods have their own unique flair, one thing reigns true whether you call St. Augustine, Jacksonville, The Beaches, or anywhere in between home… Northeast Florida is the PERFECT place to live! 

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How Downsizing Your Home Can Upgrade Your Life

May 7, 2021

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Posted by in News, Retirement

If the COVID-19 taught us anything, it’s to appreciate the simple things of life. As millions of Americans have adjusted to a more simplified lifestyle, the notion that ‘less is more’ resonates more than ever before. Downsizing could be exactly what you need to maximize your life. 

 

“Many people downsize once they become empty nesters. Once their children have left the nest, homeowners begin to desire lightening their load,” shares Davidson Realty Realtor ®, Rebecca Schaffer. 

 

Perhaps the most obvious advantages of downsizing are financial. Selling your property with the intention of buying something smaller often means you have more money to afford upgrades in your new home that matter most to you.  But the savings don’t stop there. With less square feet under your roof, you’ll likely be spending less on your mortgage payment, utilities, and maintenance on your home. That extra cash in your pocket each month can help you go on vacations or have other experiences that will make lasting memories. 

 

Less house equals less upkeep. The time you would have spent cleaning and maintaining your home will now be cut significantly. Decreasing your space also means decreasing your belongings. Prior to your move, sort through items and only keep your more treasured pieces. A weight will be lifted off your shoulders as you say goodbye to the clutter and unused stuff that has occupied your space. Donate any items you are no longer keeping to those in need. A few of our favorite places to donate clothes and home goods are: Goodwill, BEAM Thrift, and Hope’s Closet. 

 

With less to worry about inside your home, the more time you can spend outside of your home. Spend your newfound free time to take up a new hobby, travel, and socialize with old and new friends. Northeast Florida is the perfect place to truly relax and live your best life. “Many downsizing buyers are taking advantage of Northeast Florida’s fifty-five and older communities for an active and social lifestyle. While others are opting for the beaches for a leisurely pace,” shares Davidson Realty Realtor ® Shelley Nemethy. 

 

From the beaches to the historic neighborhoods, there is something for everyone to enjoy. If you are interested in maximizing your life by minimizing your home, call the Northeast Florida real estate experts at Davidson Realty at (904) 940-5000.

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Meet Isle of Palms’ New Custom Home Community – The Cove

April 21, 2021

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Posted by in Featured Listings, Featured Neighborhood, Neighborhoods, New Home Construction, News

Interested in waterfront living in a secluded community, yet in a convenient location? Look no further than The Cove at Isle of Palms, a private, gated community off San Pablo and Stacey Road in Jacksonville, Florida with eight homesites located along the Intracoastal Waterway. Enjoy coastal living at its finest with luxury custom homes starting at 2,800 square feet and $1.3 million. From the stunning Coastal style architecture to the community dock and private boat slips, The Cove is the perfect place to embrace outdoor living. 

 

Coastal living will truly come to life in every way at The Cove. Homes will be styled with metal roofs, light color palette exteriors, and elevated outdoor living spaces that allow for a seamless transition from indoor to outdoor living. Residents will be just steps from the Intracoastal Waterway where serenity will travel from the water to your backdoor. 

 

While enjoying a small, intimate community, homeowners will have the added perk of living in one of the most convenient locations in the city of Jacksonville. The Cove is located one mile from Mayo Clinic, four miles from the beaches, nine miles from St. Johns Town Center, and only twenty-six miles from Jacksonville International Airport. The area immediately surrounding The Cove has everything you need from your choice of grocery store and restaurants to gyms and parks. “The Cove will set the perfect scene for the ‘last-of-its-kind’ custom home community in Isle of Palms. This community will be a beautiful addition to the area. Davidson Realty is excited to be a part of the process and proud that our agent, Suzy Evans, will represent Davidson Realty with her homesite listing in The Cove.” shares Davidson Realty President, Sherry Davidson. 

 

Collins Builders will be the construction talent behind this stunning new community. “Collins Builders has been involved in The Cove project since the early stages of development. No one knows the property better than we do. Our reputation in the area and our white glove service combined with an organized and timely home building process will provide a custom home building experience that is second to none,” shares Chief Operating Officer of Collins Builders, Tim Calderala. For more than two decades, Collins Builders has built quality custom homes in Northeast Florida. At Collins Builders providing an exceptional customer experience is their goal. The design team at Collins Builders uses the latest technology to ensure clients are confident and comfortable during the custom home building process. “Our dynamic in-house architecture team uses virtual renderings to bring the space of your dreams to life. Collins Builders is honored to help residents of The Cove build their dream home,” continues Calderala. 

 

With only eight homesites and limited opportunities to build on the Intracoastal Waterway, the time is NOW to make The Cove your home. Whether you are a boat enthusiast or desire luxury coastal living, The Cove is ready to welcome you home. For more information and to schedule a tour of The Cove, contact Suzy Evans at (904) 347-5447 or evans@suzysells.com. 

 

https://my.flexmls.com/suzysells/search/shared_links/4oARp/listings/20210330205905658178000000

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