Davidson Realty, Inc.

Florida Homeowners – How can your TRIM Notice save you money?

July 30, 2020

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

Is there any reason to review your property tax notice?  There is a very compelling one and it could potentially save you lots of money!

 

If you own a home, you will receive your Truth in Millage (TRIM) notice from the Property Tax Appraiser in August. The 2020 Notice of Proposed Property Taxes will list the market value of your home determined by the County Tax Appraiser. You want the market value to be accurate. Let me explain.

 

The Save our Homes Cap was passed in 1994 and caps the amount the assessed value may increase to a maximum of 3% a year, or the Consumer Price Index. Your tax bill is based on this assessed value, not your market value.

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May 2020 Northeast Florida Market Stats: How Has COIVD-19 Impacted Our Market

June 24, 2020

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Posted by in News

The Northeast Florida Association of Realtors Market Stats for May 2020 shows a dramatic increase in sales in May (3,063) compared to April (2,368). Pending sales were down 2.6% from last May, but it appears the housing market reached its low point during mid-April and began to strengthen in May.

 

Closed sales of 2,244 were down 33% from 3,346 last May which is not surprising since people were staying at home late March and most of April and not out looking at homes and writing contracts that would close in May.

 

The average sales price of $287,842 is up 5% over last May and the median sales price of $247,484 is up 7%. The prices have not dropped during COVID because there is more demand for homes than supply of homes for sale.

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Congratulations to our TOP Producing Agents in May!

June 8, 2020

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Posted by in Agent Feature, News, Top Agents

I would like to congratulate our entire team for a great month in May. We had sales of $15 Million which is an amazing month and a wonderful surprise following April where everyone was staying at home due to COVID-19.

 

The Top Producer with the most closings in May is Delilah Salameh. I continuously receive feedback from Delilah’s customers about her genuine concern and her constant communication. Delilah was born and raised in Jacksonville and can help her customers no matter where they prefer to live.

 

 

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April 2020 Northeast Florida Market Stats: How is COVID-19 Impacting our Market.

May 22, 2020

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Posted by in News

The market stats for April 2020 from the Northeast Florida Association of Realtors show new listings of 3,107 are down 22% compared to April 2019. Pending sales of 2,339 are down 27% and 2,334 closings are down 23%. The sales price is up over last April and the last several months. The median price of $250,000 is up 11% and the average sales price of $298,438 is up 8%.

 

According to the Florida Realtors Chief Economist Dr. Brad O’Connor, “drops in both new pending sales and new listings indicate that both demand and supply are in decline, at least in the short run.” This seems to be causing sales prices to be more stable.

 

The graph below is a great depiction of showings through ShowingTime. It compares the change from the first week of 2020 which is the line at 0%. As you can see on March 11, the 2020 showings were slightly above 2019. The showings immediately dropped to 49% of the first week while the 2019 showings had been 39% higher than the first week for a difference of 88%. However, on May 12th the 2020 showings were up 11% and the 2019 showings were up 31% for a difference of only 20%. I just wanted you to visually see how showings dropped when the stay at home orders first started and the number of showings has recovered dramatically. The customers out right now are serious buyers.

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Congratulations to our TOP Producing Agents in April!

May 7, 2020

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Posted by in News, Top Agents

I would like to congratulate everyone on our team for working together to safely help our customers with their real estate needs in new innovative ways. April was an interesting month to say the least.

 

The Top Producer for April with the most closings is Lynn Whitley. Lynn helped two families sell their home and one family purchase a new home all while dealing with all the safety procedures of a pandemic. Lynn is an experienced professional that found ways to get everything handled.

 

 

 

 

The Top Sales Agent is Ron Savarese who helped his buyers work through contracts with two local builders. Ron knows the entire first coast market and sold one home in St. Augustine and one in the northern part of Jacksonville.

 

 

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