Davidson Realty, Inc.

Northeast Florida Real Estate Market Update

March 21, 2022

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Posted by in News, Northeast Florida Market Trends

“Life will always throw you curves, just keep fouling them off. The right pitch will come, and when it does, be prepared to run the bases.” – Rick Maksian

I love all sports, but baseball is my favorite. My heart is happy now that the owners and players have come to an agreement. Go Braves!

 

Even with all that is happening in the world right now, there is a huge demand for real estate in Northeast Florida, unfortunately, the supply is continuing to decline. As a result of the supply shortage and overall inflation, the prices keep going up.

 

The Northeast Florida Association of Realtors market review for all property types in all 6 counties shows a median sales price of $329,995 which is up 25.3% over last year and 3.6% over last month. In February, 32.5% of the closings were over list price. The median days a property was on the market is 16 days which is down from last year and last month.

 

There were 2,818 new listings; however, there were 2,987 pending sales. We sold more homes in February than came on the market. There is 1.2 months supply of inventory.

 

The Northeast Florida Builders Association reported 1,332 single-family home building permits were issued in February which is an increase of 150 over last year. St. Johns County issued 612, Duval 474, Clay 144 and Nassau 102. The builders continue trying to meet the buyer demand.

 

An interesting article from Florida Realtors says “Nationally, a homeowner who purchased a single-family existing home 10 years ago at the median sales price of $162,600 is likely to have accumulated $229,400 in housing wealth. Of this wealth gain, 86% can be attributed to price appreciation.” Lawrence Yun, the National Association of Realtors Chief Economist is quoted in another article talking about home prices being a great inflation hedge.

 

I hope you are adjusting to Daylight Savings time and get to enjoy some basketball and baseball this spring. Please let us know if we can help you with any real estate needs. We are always happy to share our knowledge and talk about options.

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Giving From the Heart – The Hutson Companies Supports Davidson Cares Clay Day

March 15, 2022

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Posted by in Community Involvement, Events, News

The Hutson Companies has been a major sponsor for Davidson Cares Clay Day from the beginning. In 2018, The Hutson Companies committed to match up to $40,000 as an additional contribution to St. Augustine Youth Services (SAYS), one of the local organizations that benefits from Davidson Cares Clay Day. More than $52,000 was raised that year and the incredible efforts by SAYS to assist at-risk youth were further supported thanks to The Hutson Companies.

 

The Hutson Companies is proud to partner with Davidson Cares to help provide much-needed dollars to our local non-profits. “It is always a pleasure to see such wonderful people that want to give back to our community at the Davidson Cares shoot,” shares Cody Hutson, Vice President of The Hutson Companies. This year, The Hutson Companies team won 2nd place on the North Course. The excitement of Clay Day and the incredible organizations that benefit from the event, make this event one to remember. 

 

The partnership between Davidson Realty and The Hutson Companies is longstanding. Through many projects, the trust and respect between the two organizations have formed a true friendship. “David Hutson is a true visionary in the real estate industry. His work is truly exceptional,” shares Davidson Realty President, Sherry Davidson. “The love that The Hutson Companies show for the community goes far beyond real estate. David and Nancy Hutson continue to generously support various local charities. Their contributions to the Northeast Florida community are truly amazing.”

 

The Hutson Companies is known for developing family-friendly communities while being both environmentally and financially conscious. Since 1973, The Hutson Companies has developed dozens of residential communities in Northeast Florida to total more than 20,000 home sites. The Hutson Companies is presently developing projects in Clay, Duval, and St. Johns Counties. 

 

Davidson Cares Clay Day is proud to have the support and sponsorship from The Hutson Companies as they continue to do incredible work in Northeast Florida. To learn more about The Hutson Companies visit their website at www.hutsoncompanies.com or call (904) 429-9965.

 

Davidson Cares Clay Day

 

The 6th Annual Davidson Cares Clay Day was held on October 21, 2021, 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 participated.  

 

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

 

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

 

Please help us support these organizations that are so important to our community by visiting DavidsonCares.com.

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The Best of the Best – Davidson Realty 2021 Awards

March 14, 2022

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

The Davidson Realty Team closed out another successful year. “From involvement in various charity events to their top-notch real estate services, we are so proud of all the incredible things our team accomplished in 2021,” shares Davidson Realty President, Sherry Davidson. “The passion and dedication our team possesses is inspiring.” The Davidson Realty family recently got together for their annual Awards Banquet. A huge thank you to the awards committee: Amy Thornton, Bonnie Cherhoniak, Matt Burkhart, Mirtha Barzaga, and Andrea Gallagher!  

 

Terri Apodaca

Davidson Property Management – Most Rentals

Davidson Property Management – Most Properties Referred

5 Million Dollars Closed 

6 Million Dollars Sold

 

Max Reyna 

Davidson Property Management – Rookie Agent of the Year

 

 

 

Jeanne Denton-Scheck

5 Years of Service

 

 

 

Rebecca Schaffer

5 Years of Service

3 Million Dollars Closed

4 Million Dollars Sold

 

Vern Shadowen

5 Years of Service

 

 

 

Andrea Gallagher

10 Years of Service

 

 

 

Caitlyn Hawkins

10 Years of Service

3 Million Dollars Sold

 

 

Shirley Barber

15 Years of Service

 

 

 

Laura Hendricks

Value People First Award Winner

 

 

 

Liz Pappaceno

Value People First Award Winner

5 Million Dollars Closed 

5.5 Million Dollars Sold

 

Lynn Whitley

Value People First Award Winner

 

 

 

Reba Barkley

Break Out Year Award Winner

7.5 Million Dollars Closed

10 Million Dollars Sold

 

Tammy Peacock

3 Million Dollars Closed 

4 Million Dollars Sold

 

 

Jennifer Todd

5 Million Dollars Closed 

4.5 Million Dollars Sold

 

 

Candy Gil

6 Million Dollars Closed

6 Million Dollars Sold

 

 

Margherite Myers

8 Million Dollars Closed

7.5 Million Dollars Sold

 

 

Suzy Evans

15 Million Dollars Closed

15.5 Million Dollars Sold

$7,500 Bonus Recipient – 3rd year

 

TEAMS

 

Shelley & Tim Nemethy

15.5 Million Dollars

18 Million Dollars Sold

$5,000 Bonus Recipient – 2nd Year

 

Mirtha Barzaga

17 Million Dollars Closed

22 Million Dollars Sold

2021 Closing Agent of the Year

2021 Sales Agent of the Year

2021 Listing Agent of the Year

$10,000 Bonus Recipient – 5th Year 

 

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 give a big thank you to our property management team who help take care of all our owners and tenants: Laura Hendricks, Bonnie Cherhoniak, Amy Thornton, and Judy Kashou.

 

The Davidson Realty Team is proud of all the hard work and dedication displayed in 2021 and strives to have an even more successful 2022. These achievements would not be possible without the trust and loyalty of Davidson Realty clients. Thank you for choosing 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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Focused on Giving – The Landmark Foundation Supports Davidson Cares Clay Day

March 8, 2022

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Posted by in Community Involvement, News

Since 2016, the Landmark family has graciously been a major sponsor for Davidson Cares Clay Day at the highest level. Landmark Title, through their nonprofit division, called The Landmark Foundation, proudly supports Davidson Cares. “We are honored to be a part of their annual charity shoot. We appreciate all the Davidson Companies do on a continuous basis to give back to the community they serve,” share David Heekin, President and Founder of Landmark Title. “Ten dollars from each of our closings go to The Landmark Foundation which allows us to donate to worthy causes such as Davidson Cares.”

 

The relationship between the Davidson Companies and Landmark began in 2009 during the recession when David Heekin provided invaluable knowledge in short real estate sales to Davidson Realty and their clients. During that time, Heekin provided training and served on panels to help educate others in the real estate industry about short sale transactions. This partnership only continued to grow from there. In 2013, when William Li joined the Landmark Title team as Vice President, Landmark Title rented executive suites in the Davidson Realty office because their business was expanding so rapidly. Li frequently joined the Davidson Realty team for sales meetings, training sessions, and always made himself available as a resource to Davidson Realty agents. 

 

“Landmark has evolved so beautifully over the years and has grown into a large and successful title company. Through The Landmark Foundation, their team has continued their generosity to the community by supporting various worthy causes,” shares Davidson Realty President, Sherry Davidson. 

 

Davidson Cares Clay Day is proud to have the support and sponsorship from Landmark Title as they continue to support local charities. To learn more about Landmark Title, visit their website at www.landmarktitle.com or call (904) 998-9733.

 

Davidson Cares Clay Day

 

The 6th Annual Davidson Cares Clay Day was held on October 21, 2021, 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 participated.  

 

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

 

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

 

Please help us support these organizations that are so important to our community by visiting DavidsonCares.com.

 

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Northeast Florida Real Estate Market Update

February 25, 2022

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Posted by in News, Northeast Florida Market Trends

“I will love the light for it shows me the way, yet I will endure the darkness because it shows me the stars.” Og Mandino

 

The Northeast Florida Association of Realtors market review shows some moderation in median sales price increases since November. The median sales price of $320,000 is still 25% higher than last January. Most economists are predicting 3% to 5% price increases nationally this year.

 

The percentage of closings over list price has also stabilized for a few months at around 30% of closings over list price. We are beginning to see more sellers pricing their homes substantially over market price. Those homes sit on the market longer than the homes priced correctly.

 

The 2,126 closed sales are down 8% from last year and the 2,857 pending sales are down 3%. You may recall that December 2020 and January 2021 had inflated post-COVID lockdown demand. I would like to add that we are seeing new construction closings getting pushed out due to supply constraints and labor shortages. Additionally, low inventory is still holding back many buyers.

 

There is active inventory of 3,105 counting all 9 property types which is down 35.1% from last year. There is active inventory for single-family homes of 2,389 for our entire market including 6 counties.

 

The builders are trying to keep pace with demand. January 2022 had 1,457 permits which set a record for the number of permits issued in a single month. The annual total of permits in 2021 was 16,138 compared to 12,555 in 2020.

 

A recent article from Lawrence Yun with the National Association of Realtors stated “Home sales are at their best in 15 years. Once all the data are tallied up, more than 6 million existing homes and about 800,000 newly constructed homes will have been sold in 2021 – the best performance since 2006.”

 

To sum up, demand is still very strong, supply is very low and prices haven’t been rising as quickly in the last few months.

 

Thank you for all the support and referrals! If you know anyone we can help to sell, buy or rent, please let me know.

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