Davidson Realty, Inc.

May Real Estate Trends in Jacksonville – Job Growth is Fueling Demand for Homes!

June 23, 2015

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Posted by in News, Northeast Florida Market Trends

We need 4 hugs a day for survival. We need 8 hugs a day for maintenance. We need 12 hugs a day for growth. – Virginia Satir

Thanks to you that have given and received hugs, we survived, maintained and are now growing. I am pleased to announce that Davidson Realty and Davidson Property Management are in the process of locating a new office near the Jacksonville Beach area to serve our customers at the beach and in the San Pablo, Hodges and Kernan areas.

We have always been and will continue to be selective in the agents that represent our company. Your friendship and support has contributed to our growth in the past and we would welcome and appreciate any referrals of agents for our new office. We have a new commission structure designed for experienced agents that we think they will find very appealing. Read more

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Jim Davidson Sees Historical Parallels in Real Estate Market’s Ups & Downs

April 16, 2010

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Posted by in News

Jim Davidson web CJim Davidson, Master Developer of World Golf Village, has been through tough real estate markets before. In fact, he finds the parallels between the real estate market woes of the 1970s and today especially compelling.  Back then, his no-nonsense, analytical approach to value assessment and debt-to-equity balancing helped real estate developers navigate through tough times. That same approach has ensured Davidson Development’s ongoing success even through recent tough times.  It’s also sought after by other developers who consult Davidson to fix their own balance sheets. According to Davidson, “Everyone knows the real estate industry has cycles. That’s no secret.  The key is realizing that every new cycle is a game changer. So you must be able to look at every project with a fresh, focused eye.” 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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Putting Things Into Perspective

October 21, 2009

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Posted by in Distressed Properties, Foreclosures, Short Sales

DSCN0205Karen Palmer and I just returned from Atlanta, GA (my hometown) where we attended the Buffini & Company Turning Point Retreat. Brian Buffini is always a dynamic and entertaining speaker but he was very passionate about his message in this presentation.

Brian began the morning by discussing perspective. The economy and the real estate market are cyclical but when we are in a downturn like we have been for quite some time, it feels like it will last forever. We went through the history of the United States to reinforce that this too shall pass. The real estate market will rebound like it has every time before.

We looked at the National Association of Realtors statistics to understand how many Realtors have left our profession. Many of the Realtors with less experience and knowledge are no longer selling real estate, which only supports the fact that it is in your best interest to work with seasoned real estate professionals. Read more

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How is the Real Estate Market?

September 18, 2009

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Posted by in Distressed Properties, Foreclosures, News, Short Sales

Sherry_DavidsonHow is the real estate market? I hear this question a lot. My answer lately has been that activity is up dramatically, but prices are not. Here are three trends that I like to watch.

1. Inventory levels
The number of active listings in the Northeast Florida Multiple Listing Service continues to decline. There are 14,945 properties for sale in August 2009 compared to 18,326 in August 2008. There are 18% less properties for sale. The months supply of inventory dropped from 17.1 months in August 2008 to 12.6 months in August 2009. Six months of inventory is when the market is most balanced.

2. Pending Sales
The pending sales in August 2009 are up 48% over August 2008. We have seen a large increase in the number of buyers looking for a home and the contracts that are being written.

3. Prices
The median sales price is down 17% from last year and 25% from two years Read more

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