Davidson Realty, Inc.

Northeast Florida Market Stats | March 2024

April 29, 2024

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Posted by in News, Northeast Florida Market Trends

“To be in your children’s memories tomorrow, you have to be in their lives today.” ― Barbara Johnson

 

Wishing all the mothers out there a Happy Mother’s Day!

 

The Northeast Florida Association of Realtors (NEFAR) market review continues to show the median sales price of $360,000 consistent with last month. It was 8.2% higher than last year.

 

There were 2,442 closed sales, which is up 23.5% from last month and down 15.8% from last year. These numbers are affected by the volatile mortgage rates. The average rate on a 30-year mortgage had remained below 7% since early December and began rising in February. According to Freddie Mac, the average rate on a 30-year mortgage rose to 7.1% from 6.88% last week, the highest level since late November. Properties that went under contract in late December, January or early February closed in March.

 

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Northeast Florida Market Stats | February 2024

March 28, 2024

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Posted by in News, Northeast Florida Market Trends

“Baseball, it is said, is only a game. True. And the Grand Canyon is only a hole in Arizona.” – Journalist & Autor, George Will

 

I am very excited about Baseball season starting. It is my favorite time of the year.

 

The February 2024 market review from the Northeast Florida Association of Realtors confirms the ups and downs of our market each month. At least the median price has stayed relatively stable. The median sales price of all property types in February was $359,000. The price has gone up and down monthly but stayed in a consistent range.

 

There were 1,893 closed sales in February, which is up 29.1% from January and down 7.8% from last year. The National Association of Realtors reported that home buyers who paid cash accounted for 32% of home sales in January, marking the highest cash sales since 2014. Many leveraged the equity from a prior sale.

 

There were 1,808 pending sales in February, which is down 15.2% from January and 24.6% from last year. The mortgage rates ticked back up in February after dropping in December, which slowed sales. The average 30-year fixed mortgage rate was 6.78% in February, up from 6.64% in January, according to Freddie Mac’s weekly survey.

 

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Davidson Realty Welcomes New Agents Jessie Forga and Jane Dulisse to Team of Experts

March 28, 2023

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Posted by in Agent Feature, News, Staff

Davidson Realty is proud to welcome new faces to its team of real estate experts. “At Davidson Realty, we are passionate about serving people above everything else. Our commitment to serving both in real estate and the community sets us apart,” shares Davidson Realty President, Sherry Davidson. Davidson Realty is delighted to introduce two new members to the family!

 

 

Jessie Forga

Minnesota native, Jessie Forga has resided in St. Augustine, Florida since 2018. With a passion for serving the area, Jessie is ready to help with your home buying and selling needs. As a proud member of Davidson Realty, Jessie carries the values of hard work, integrity, and outstanding client service into everything she does.

 

When Jessie isn’t making homeownership dreams come true for her clients, she enjoys spending time watching her two children play sports or exploring the area with her family. Her daughter, Ainsley, plays softball and does weightlifting while her son, Lachlan, plays on his school baseball team and on a travel team.

 

Jane Dulisse

Jane Dulisse was born in Burlington, Wisconsin, and grew up on an agricultural farm surrounded by dairies and vast amounts of open land. This was instrumental in developing her strong and determined work ethic that she touts to this day.

 

Upon graduating, a move to California was imminent, as she wanted to be a part of big city life and the new up-and-coming boom of business that was happening there.

 

Jane started her career in the mid-1980s selling and listing residential properties in the San Jose, California area. Starting her business on the west coast opened her eyes to a whole new knowledge of real estate in the fast-paced life in California.

 

Several years went by, business was exceptional, and homesickness set in. You can’t take the country out of the country girl, sooo..

 

After moving back to Wisconsin, she acquired her new real estate license. Over the next twenty years, Jane expanded her real estate knowledge to include commercial, business, and vacant land transactions, in addition to the residential market.

 

As time marched on, another move brought Jane to St. Augustine, Florida. Loving real estate she could not resist acquiring her Florida Sales Associate License.

 

Jane is very committed to community involvement in her area. At the World of Golf Cascades community center, she is part of the events committee, beautification club, and assists in the pottery and ceramics studio.

 

Currently, Jane and her husband live in World of Golf Villages and love the idea that they will never shovel snow from their driveway or sidewalk again. They also love knowing that they can golf, go to the beach, and enjoy outdoor activities year-round without wearing a parka. Florida is truly a great place to live, work, and play.

 

Jane enjoys working with clients to help them find the perfect home, business, commercial building, or parcel of land to build the dream house they’ve always wanted.

 

Davidson Realty has the perfect tools needed for her to list, market, and sell your property with as little disruption to your life as possible. Jane looks forward to meeting and working with you. Your satisfaction is our main concern and what we strive for.

 

If you are interested in a career in real estate with Davidson Realty, call us today at (904) 940-5000.

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Fantastic Finish – Davidson Realty 2022 Awards

February 24, 2023

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Posted by in Awards, Events, News, Staff, Top Agents

Each year, the Davidson Realty family feels a renewed sense of gratitude for the Northeast Florida community and each other. In addition to providing expert real expert services to the Northeast Florida community, Davidson Realty held more than thirty charitable and customer appreciation events in 2022, including the Davidson Cares Clay Day event which raised more than $100,000 for local organizations. The 2022 Davidson Realty calendar stayed full with more than twenty-eight training sessions, twenty-six sales meetings, eighteen bible studies, twelve birthday celebrations, and ten pizza and notes sessions. Davidson Realty also proudly welcomed ten new agents to the brokerage. 

 

The annual Davidson Realty Awards Banquet is a special night dedicated to celebrating and reflecting on all that was achieved in the past year. This year, Davidson Realty agents and staff voted for a banquet theme of “Party Through the Decades” and everyone was inspired to dress up accordingly for the occasion. The Tringali Barn in St. Augustine, Florida was decorated with centerpieces and party favors from the 20s, 50s, 60s, 70s, and 80s, including lifesize Rubix Cubes and old-fashion car cut outs. The party featured a popcorn and candy bar, build your own root beer float station, Italian food and desserts, and a custom decades cake from Cinottis. A big thank you to the awards committee: Andrea Gallagher, Matt Burkhart, and Mirtha Barzaga who spent months creatively planning. On the day of the event, the committee had additional help and support from Liz Pappaceno and Andrea’s parents (Mike and Mary DelPrete). It gives us great pleasure to acknowledge the hardworking agents and their accomplishments in 2022. 

 

Michele Wiedenhaefer

Davidson Property Management – Most Rentals in 2022

 

 

Terri Apodaca

Davidson Property Management – Most Properties Referred in 2022

4 Million Dollars Closed

3 Million Dollars Sold

 

Malaika Carew

Davidson Property Management – Rookie Agent of the Year

 

 

Bonnie Weinstein

5 Years of Service

4 Million Dollars Closed

3 Million Dollars Sold

 

Matt Burkhart

10 Years of Service

 

Judy Kashou

15 Years of Service

 

Jennifer Todd

3.5 Million Dollars Closed

 

Reba Barkley

4 Million Dollars Closed

 

Candy Gil

3.5 Million Dollars Closed

3 Million Dollars Sold

 

Margherite Myers

3.5 Million Dollars Closed

3.5 Million Dollars Sold

 

Caitlyn Hawkins

3.5 Million Dollars Closed

4.5 Million Dollars Sold

 

Lynn Whitley

4 Million Dollars Closed

4 Million Dollars Sold

 

Ron Savarese

4 Million Dollars Closed

4.5 Million Dollars Sold

 

Liz Pappaceno

4.5 Million Dollars Closed

5 Million Dollars Sold

 

Suzy Evans

6 Million Dollars Closed

6 Million Dollars Sold

$7,500 Bonus

 

Rebecca Schaffer

6 Million Dollars Closed

7.5 Million Dollars Sold

 

Mirtha Barzaga

15 Years of Service

14 Million Dollars Closed

14 Million Dollars Sold

2022 Closing Agent of the Year

2022 Sales Agent of the Year

2022 Listing Agent of the Year

$10,000 Bonus – 7th year

 

TEAMS

Shelley & Tim Nemethy

15 Million Dollars Closed

13 Million Dollars Sold

$7,500 Bonus – 3rd year

 

2022 Special Recognition Awards 

Shirley Barber

The Flower Power Value People First Award – the first to always help anyone, anytime and does it with a smile. She treats the people and this building with such reverence and respect like we were her own family. She does it so quietly and unassumingly. Great example of always putting others first!

 

Rebecca Schaffer

The Break on Through to the Other Side Break Out Year Award – Doubled her business from last year in closings and sales!

 

 

Amy Thorton 

The Totally Tubular Team Player Award – instrumental in helping Sherry with the reconciliations and various accounting tasks in 2022.

 

We would also like to recognize our amazing staff for all their support throughout the year: Shirley Barber, Matt Burkhart, Matt Davidson, Sam Davidson, Rochelle Richardson, and Andrea Gallagher. 

 

Additionally, we’d like to thank our property management team who help take care of all our owners and tenants: Laura Hendricks, Amy Thornton, and Judy Kashou.

 

The Davidson Realty Team is proud of all the hard work displayed in 2022 and is eager to witness the success that will come in 2023. These accolades would not be possible without the trust and loyalty of Davidson Realty clients. Thank you for choosing Davidson Realty for your real estate needs. If you are interested in experiencing the Davidson difference, call us today at (904) 940-5000. 

 

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Northeast Florida Market Update

February 16, 2023

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Posted by in News, Northeast Florida Market Trends

“When everything seems to be going against you, remember that the airplane takes off against the wind, not with it.”

Henry Ford

 

In the 2023-2026 Florida and Metro Forecast, Dr. Sean Snaith, the director of the University of Central Florida Institute of Central Forecasting said “The U.S. economy is either in or on the brink of a recession. Because of the forecasted shape of the recession: a gradual decline into recession and 12 or more months in the downturn followed by a gradual climb out of recession, we have dubbed the recession the Pasta Bowl Recession.” If you haven’t heard him speak, take the opportunity. He is very smart and very funny.

 

A few interesting predictions from the forecast are:

 

Real Gross State Product will mildly contract during the recession as growth will slow to -1.3% in 2023, turning positive in 2024 and accelerating in 2025 to reach 1.7% by 2026.

 

The unemployment rate was 2.9% in 2022. The recession will push up the rate to 4.6% in 2023, and to 5.8% in 2024, before easing slightly to 5.4% in 2025 and 5.0% in 2026.

 

Housing starts were 192,294 in 2022 with starts decelerating to 133,829 in 2023 and 134,755 in 2024 before ticking up to 149,920 in 2025 and 152,865 in 2026.

 

The Northeast Florida Association of Realtors (NEFAR) market stats for January 2023 show the median sales price is stable, closed sales are down, pending sales are up and inventory is up slightly from last month.

 

The median sales price of $330,000 is down 2.4% from December and up 3.4% from last January. There were 1,525 closings which is down 30% from last month and 33% from last year. This reflects the last several months of very low buyer demand.

 

There were 2,248 pending sales in January. This was the most since August of 2022. Nationally, pending sales increased for the first time since May.

 

“This recent low point in home sales activity is likely over,” said NAR Chief Economist Lawrence Yun. “Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.”

 

There were 3,451 new listings in January which is 32% higher than the previous month and 19% higher than last year. The active inventory went from 6,231 last month to 6,403. When you read how much inventory has increased, keep in mind how many of the new listings were absorbed. There is plenty of demand and the spring buying season looks to be warming up.

 

I love this time of year with March Madness coming, Baseball Spring Training starting and the real estate market getting back to a more normal rhythm. If we can help you with any of your real estate needs, please let us know.

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