Davidson Realty, Inc.

Real Estate Market Update

March 19, 2021

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Posted by in News, Northeast Florida Market Trends

“Four things for success: work and pray, think and believe.” Norman Vincent Peale

 

As we roll into the spring real estate market, there is more demand and less supply of homes than I have ever seen including the 2004 to 2006 timeframe. The Northeast Florida Association of Realtors market stats tell the story.

 

The pending sales of 3,063 are 11.4% higher than last February. The closed sales of 2,542 are up 5.9%. The new listings for February of 2,955 are down 13.5%.

 

There are 3,931 homes available for sale in February, down 56.1% from the 8,945 homes last February. The months supply of inventory is 1.3 months, down 60.6% from 3.3 months last February.

 

With the increased demand and diminishing supply, the prices continue to rise. The average sales price is up 14.1% in February compared to last February and the median price is up 11.8%. A recent article in the Jacksonville Business Journal says Redfin reports that Jacksonville leads the nation in rising housing market value. “The study from Seattle-based online real estate brokerage Redfin Corp. pointed to a 21.1% increase in the total value of homes in the Jacksonville metro between February 2020 and February 2021 – the largest increase in the nation.” They also pointed out that houses in our area remain below the national median price. “The median price here of $270,477 compared to $342,326 for the entire country.”

 

Florida Realtors Chief Economist, Dr. Brad O’Connor is predicting all of 2021 to be a great real estate market in Florida. He quoted economist from Realtors, Builders, Mortgage Bankers, Core Logic and more all predicting interest rates at year end between 3% and 3.6%. He says if rates rise too quickly the demand would be strong but we might be closer to historical norms than the market we are seeing now.

 

We are seeing fewer new listings as mentioned above. This may be related to COVID fears or concerns of where you can buy if you sell your home at a great price. The builders are adding homes as quickly as possible. The building permits issued for the Jacksonville MSA for January and February 2021 were 2,393 compared to 1,723 for the same period in 2020 for a 39% increase.

 

If you are buying or selling, you need advice from a trusted agent. The professional agents are finding ways to get offers accepted for buyers and know the best way to handle multiple offers for sellers. Please let us know if we can be of service.

 

Enjoy our beautiful spring weather, March Madness, Baseball Spring Training, our beaches and river. I wish you a Happy Easter!

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First-Time Homebuyer? Call Davidson Realty. 

March 12, 2021

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Posted by in News, Northeast Florida Market Trends

Life is full of firsts. First car. First job. First child. First home. They are all memorable milestones that come with time and planning at various stages in life. Each first is unique and special in its own way. If buying your first home is a goal for you this year, Davidson Realty will be there. 

 

Like any first, you rely on the support and experience of friends, family, and industry experts. The same is true when buying a new home, especially with the current state of the real estate market, it is essential that a trusted real estate expert is by your side to help you navigate the process of buying a home. Davidson Realty has a team of real estate experts ready to educate and prepare you for what is to come. Davidson Realty Agents have the support and network that will give you a leg up when searching for your first home and sealing the deal. “With Davidson Realty, you have an ally in your corner and a real estate advisor for life to help and offer suggestions, repair vendors, community resources, and anything you need along your homeowners journey,” shares Davidson Realty President, Sherry Davidson. 

 

Preparation is key in the real estate market. “Buyers have to be ready to make an offer quickly in this market. Establishing a budget, type of loan you will use, how much of a down payment you are prepared for, and how much escrow deposit you have available is critical when you begin looking for a home,” continues Sherry. The state of the real estate market may present some advantages to home buyers as interest rates are some of the lowest seen in years which means lower monthly mortgage payments and bigger home-buying budgets. However, low interest rates have created a fiercely competitive market. “Buyers must be prepared to make aggressive offers within days of the home hitting the market. Sellers are receiving multiple offers often at list price or above. It’s a seller’s market, buyers need to be ready to bring their best offer to the table,” shares Sherry. 

 

With the market this competitive, it’s important to not only know what you can afford but what features and areas you are looking for. Whether you are looking for a starter home or your forever home, spending time deciding what is on your wishlist is critical so when a home that fits your criteria comes on the market you can act quickly. “Davidson Realty’s knowledge of the Northeast Florida communities, builders, schools, and entertainment options are invaluable.  Your Davidson Realtor ®  will take the time to understand the needs of your family and what you need in a home,” continues Sherry.  

 

Whether your first home is your one and only or the first of many, Davidson Realty will be your real estate partner for life. If you are ready to purchase your first home, call the real estate experts at Davidson Realty at (904) 940-5000.

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Davidson Realty Welcomes New Agent Bonnie Weinstein

March 8, 2021

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Posted by in Agent Feature, News, Staff

Bonnie Weinstein knows all about making dreams come true. Growing up in Northeast Pennsylvania, Bonnie always dreamed of moving to Florida. Six years ago, she made her dream a reality by making Northeast Florida her new home. Now, Bonnie has joined the Davidson Realty team and is ready to help her clients’ dreams come true, too! 

 

Bonnie comes to Davidson Realty with an extensive background in both business and real estate. Her knowledge of the market, perseverance, and customer service skills make her a true joy to work with. “I believe my clients appreciate my flexibility, low-pressure sales, patience, and ability to hear what they want,” shares Bonnie. 

 

“Davidson Realty is very excited to have Bonnie on our team. Bonnie is a knowledgeable resource to her customers and truly takes the time to understand their needs. Bonnie is professional and we are proud to have her represent the Davidson Realty brand,” shares Andrea Gallagher, Davidson Realty Sales and Training Manager.

 

“Choosing Davidson Realty was easy. They have the same values and work ethic that I follow. Davidson Realty always puts people and relationships first. The support they provide is unparalleled which allows agents to fully focus on our clients and their needs. I’m so grateful to be part of a team that has a caring heart,” shares Bonnie. Bonnie is a Nocatee Certified Agent and looks forward to helping clients “love where they live” with Davidson Realty. 

 

When Bonnie isn’t helping her clients find their dream home, you can find her enjoying the beautiful beaches in Northeast Florida.  Bonnie, who recently celebrated her 25th wedding anniversary, loves spending time with her family, especially her two daughters and Shih Tzu named Hamilton. 

 

If you are ready to make your real estate dreams a reality, call Bonnie Weinstein at (570) 690-4432 or email her at bweinstein@davidsonrealtyinc.com.

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Building A Better Tomorrow – Vallencourt Construction Company Supports Davidson Cares Clay Day

February 25, 2021

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Posted by in Community Involvement, Events, News

From the inception of Davidson Cares Clay Day, Vallencourt Construction Company has been a major sponsor. The relationship between Vallencourt Construction and Davidson Realty dates back to the 1980s when Davidson Development President Jim Davidson was with Arvida Corporation and working at Sawgrass. Through the years, the Davidsons have had the pleasure of working with three generations of the Vallencourt Family. Vallencourt Construction Company and the Davidsons worked together as Vallencourt Construction helped bring the World Golf Village vision to life. 

 

Vallencourt Construction was established in 1945. With more than seventy years of experience, family-owned Vallencourt Construction provides clients an unbeatable value with their experience, strong workforce, and top-of-the-line machinery. The team at Vallencourt Construction continually seeks out new markets and projects. They believe this forward-thinking is critical to providing the best value to customers, opportunities for employees, and growth as an organization. Vallencourt has had a hand in countless projects over the years including RiverTown, Bannon Lakes, Beachwalk, and the Town Center Promenade.

 

“Vallencourt Construction has a strong reputation for their integrity and incredible craftsmanship. I admire the heart they have for their employees. I have witnessed them go above and beyond to help their team or take the time to train people who they see potential in. Vallencourt Construction is constantly giving back to the community and extremely generous,” shares Davidson Realty President, Sherry Davidson. 

 

In addition to the excellent work they provide their customers, Vallencourt Construction continues to give back to the community. In 2006, the Vallencourt family established the Vallencourt Scholarship at Bishop Snyder. Each year, one young man and woman are selected to receive the scholarship for their exemplary work ethic. Vallencourt Construction Company are also strong supporters of St. Vincent’s Hospital and L’Arche Jacksonville as well as other organizations through sponsorships. 

 

Davidson Cares Clay Day is proud to have the support and sponsorship from Vallencourt Construction Company as they continue to give back in Northeast Florida. To learn more about Vallencourt Construction Company visit their website at www.vallencourt.com or call (904) 291-9330. 

 

Davidson Cares Clay Day

 

The 5th Annual Davidson Cares Clay Day was held on October 29, 2020, at Jacksonville Clay Target Sports. Davidson Cares Clay Day included two-sport shooting events, beginner skeet, and sporting clay. Individuals and teams from beginner to expert levels were invited to participate and enjoy a safe shooting experience with no group gatherings. 

 

In association with the event, there was also a raffle contest. Prizes included a 65-quart YETI cooler with 13 full-size liquors.

 

The $40,500 raised from the event and raffles went directly to Builders Care, St. Augustine Youth Services (SAYS), and Investing in Kids (INK!) in equal sums.

 

Visit DavidsonCares.com to learn more about these organizations and donate to support their causes.

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The Winning Team – Davidson Realty 2020 Awards

February 19, 2021

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Posted by in Awards, Community Involvement, News, Staff, Top Agents

2020. The year of adapting to the unknown. A global pandemic, millions of jobs lost, and a volatile economy, did not stop the real estate market from being swarmed by millions of Americans hoping to take advantage of the positive market trends and record-setting numbers.

 

The Davidson Realty Team powered through the uncertainty, the “social distancing”, and changing market trends to deliver quality real estate services to their clients. “Our team at Davidson Realty continued to stay connected to our customers during the crazy Covid year we had”, shared Davidson Realty President, Sherry Davidson. Agents gracefully navigated 2020 as they were presented with multiple offer situations due to the competitive nature of the market. Along with the excellent real estate service the Davidson Realty Team was providing, they continued to serve the Northeast Florida community, when they perhaps needed it the most. “Our team organized and participated in food and toy drives, Davidson Cares Clay Day, and Deck The Chairs. The passion our team has for serving others is inspiring. With all that our team faced in 2020, I am proud that the Davidson Realty team has matched the 2019 closing volume of $100,000,000 and exceeded 2019 sales volume by 16%,” continues Sherry. With such an exceptional year for the Davidson Realty team, it is only right that their best and brightest are recognized for their accomplishments in service and performance. The success of this team is made in part by the incredible leadership team at Davidson Realty, notably Sherry Davidson and Davidson Realty Sales and Training Manager, Andrea Gallagher.

 

Last month, Davidson Realty President Sherry Davidson was named the 2020 Northeast Florida Association of Realtors (NEFAR) Circle of Honor award winner for her exceptional service and contributions to the real estate community both locally and statewide. Sherry has served NEFAR in various capacities including on its Board of Directors. She has also served on the Board of Directors for Builders Care, a charitable arm of the Northeast Florida Builders Association (NEFBA). Throughout her 30-year career in real estate, Sherry has supported real estate agent education and promoted the importance of the real estate industry’s involvement in the community. Sherry truly has led by example as she has supported various causes in Northeast Florida including NEFAR Fights Hunger and Davidson Cares Clay Day. Known throughout the First Coast as an industry leader and an authority in residential real estate, the Davidson Realty Team continues to flourish under her mentorship.

 

 

Terri Apodaca

Davidson Property Management – 2020 Most Rentals

Davidson Property Management – 2020 Most Properties Referred

5 Years of Service 

3 Million Dollars Closed

3 Million Dollars Sold

 

 

Reba Barkley

Davidson Property Management – 2020 Rookie of the Year

 

 

 

 

 

Bonnie Cherhoniak 

5 Years Service

 

 

 

 

 

Lori Burton

5 Years Service

 

 

 

Pam Lareau

5 Years Service

 

 

 

 

Kirsten Lightfoot

5 Years Service

 

 

 

 

Matt Davidson

20 Years Service

 

 

 

 

 

Delilah Salameh

2020 Sales Rookie of the Year

 

 

 

 

 

Candy Gil

3 Million Dollars Sold

 

 

 

 

 

Liz Pappaceno

3 Million Dollars Closed

3.5 Million Dollars Sold

 

 

 

 

 

Jennifer Todd

3 Million Dollars Closed

3.5 Million Dollars Sold

 

 

 

 

Caitlyn Hawkins

3 Million Dollars Closed

3 Million Dollars Sold

 

 

 

 

Margherite Myers

3 Million Dollars Closed

3.5 Million Dollars Sold

 

 

 

Lynn Whitley

4 Million Dollars Closed

4 Million Dollars Sold

 

 

 

 

Ron Savarese

4 Million Dollars Closed

4 Million Dollars Sold

 

 

 

 

Steve Rodriguez

4 Million Dollars Closed

3.5 Million Dollars Sold

 

 

Tammy Peacock

4 Million Dollars Closed

4 Million Dollars Sold

 

 

 

The Braddock Group – Michael Braddock & Sarah Poehler

3.5 Million Dollars Closed

4 Million Dollars Sold

 

 

 

 

Suzy Evans

11 Million Dollars Closed

11 Million Dollars Sold

 

 

 

Shelley & Tim Nemethy

16 Million Dollars Closed

18 Million Dollars Sold

 

 

 

 

Mirtha Barzaga

17 Million Dollars Closed

17 Million Dollars Sold

2020 Closing Agent of the Year

2020 Sales Agent of the Year

2020 Listing Agent of the Year

 

 

Sam Davidson

2020 President’s Award

 

 

 

The Davidson Realty Team is proud of all the hard work and dedication displayed in 2020 and strives to have an even more successful 2021. These achievements would not be possible without the trust and loyalty of the Davidson Realty clients. Thank you for trusting us as your real estate experts. If you are interested in experiencing the Davidson Realty difference, contact us at (904) 940-5000.

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