Davidson Realty, Inc.

Jacksonville Market Trends for April 2014: All-cash Sales up While Distressed Sales and Investors Decline

May 21, 2014

 | 
Posted by in News, Northeast Florida Market Trends

“The more you praise and celebrate your life, the more there is in life to celebrate” Oprah Winfrey

May has been full of celebration. Davidson Development celebrated our 25th anniversary May 1, 2014 and Jim and I celebrated our 34th wedding anniversary on May 9th. We have been blessed.

You may have seen the recent headlines “All-cash sales up while distressed sales and investors decline”. Lawrence Yun, the National Association of Realtors chief economist offered a terrific explanation. “Florida is the most popular state for international buyers, who generally pay cash, as well as vacation-home buyers who frequently pay cash. In addition, downsizing retirees are known to pay cash from the proceeds of their homes in the north.” Read more

Comments currently closed.

Jacksonville Real Estate Trends for February Show a Normalizing Market

March 20, 2014

 | 
Posted by in News, Northeast Florida Market Trends

“Do not let what you cannot do interfere with what you can do.” – John Wooden

I thought this quote was appropriate when I read RealtyTrac’s report that Florida is still the number 1 state in the nation in foreclosure activity even though initial filings dropped 24% in February from the previous year. The judicial foreclosure process drags on for 1,095 days on average. Only Arkansas and Hawaii have longer time frames. Jacksonville ranked number 3 in highest foreclosure rates in the nation.

I cannot do anything about the foreclosure process, but I can take advantage of all the buyers looking in our area because of the schools, the improvement in jobs and the brutal winter that most of the country has experienced. Read more

Comments currently closed.

Davidson Realty