• Click Here to Subscribe to Email updates

  • psst … I’m a Realtor! Thanks for stopping by my website. I would love to help you find your dream home and community in the Hampton Roads or Williamsburg area or to sell your existing home. This website is authored by local resident and REALTOR, John Womeldorf. John is known around town as Mr. Williamsburg, for both his extensive knowledge of Hampton Roads and the historic triangle, and his expertise in the local real estate market. His websites, WilliamsburgsRealEstate.com and Mr Williamsburg.com were created as a resource for folks who are exploring a move to Williamsburg, VA , Hampton Roads VA and the surrounding areas of the Virginia Peninsula. On his website you can search homes for sale , foreclosures, 55+ active adult communities, condos and town homes , land and commercial property for sale in Williamsburg, Yorktown, New Kent, Poquoson, and Gloucester, VA as well as surrounding markets of Carrolton, Chesapeake,Gloucester, Hampton, Isle of Wight, Portsmouth Mathews, Newport News Norfolk, Poquoson, Smithfield, , Suffolk, Surry, Va Beach, Yorktown and York County Virginia You can reach John by email John@MrWilliamsburg.com or phone @ 757-254-813
  • RSS Colonial Williamsburg News

    • Mystery of the Hidden Chambers
      By John Watson Each hole on the toe boards will have a pipe perched on it. A toe board looks like a solid board with slightly funnel-shaped holes for the pipes (see wind-chest diagram), but the boards are anything but solid. Inside ... Continue Reading »
    • From the Garden: On Roan Mountain
      Last week I had the great pleasure of accompanying a group of enthusiasts who study the genus Rhododendron. View from Round Bald On one of our treks we explored the balds of Roan Mountain that rise above 5,000 feet on the border of Tennessee and North Carolina ... Continue Reading »
    • Through the Ranks: Telling Stories
      By Ben Swenson The recruits of the Colonial Williamsburg Fifes and Drums have come to the Revolutionary City from many different backgrounds. Some always knew they’d join this ensemble. Others seemed to have stumbled on it accidentally. All of them have signed on to a life-changing journey. In these audio clips, the recruits tell the stories of what ... Cont […]
    • Accepting a Challenge: Wheels for a French Cannon Carriage
      By Ben Swenson Entrepreneurs love to see business coming through the door. But when your line of work is an 18th-century Historic Trade, walk-ins are a rarity. Yet that’s what happened last year at the Colonial Williamsburg Wheelwright and Carriage Shop. Matthew Mees and his wife were visiting the Revolutionary City and made a point to drop ... Continue Read […]
    • This week’s podcast: Listen to the Declaration of Independence
      This week on the podcast, hear renowned Thomas Jefferson interpreter Bill Barker read the Declaration of Independence. There’s no better way to celebrate Independence Day than with reverence for the words that started it all. Listen now. Zoom in on the Declaration of Independence.
  • Flickr Photos

    front2-oval

    front2

    front

    More Photos

Armada Hoffler to auction off 16 remaining condos at Virginia Beach development

UPDATE Nov 2011

More condos sold at the Westin Virginia Beach Town Center Residences auction in about 30 minutes Sunday than during the past two years.

Armada Hoffler, the 38-story tower’s developer, hired an auctioneer to sell 18 of the 24 unsold condos at the Westin residences in a bid to stir up interest and find buyers.

Winning bids ranged from $181,000 for a one-bedroom unit to $750,000 for a penthouse suite..

Altogether, sales from the auction amounted to more than $7.5 million, he said.

The auction also spurred interest from potential buyers for some of the building’s remaining units. As a result, the developer is close to reaching a deal for at least one more of the penthouse units.

"The competition was genuinely great for every unit we put up there," he said.

searchCondos in the tower, the tallest building in Virginia, sold strongly after it opened in 2007. By March 2009, the developer had sold 88 of the building’s 120 units. Since then, sales had stagnated, with just eight more units selling in the two years before the auction.

An estimated  150 people attended the auction Sunday, with between 60 and 70 people bidding.

Westin @ Town Center Va BeachArmada Hoffler, a commercial real estate development and construction company, will auction off the remaining condominiums at The Residences at The Westin Virginia Beach Town Center, located in Virginia’s tallest building.

Accelerated Marketing will auction off 16 condos with access to four-star hotel services available through the Westin at the Town Center development. Minimum bids will range from $140,000 to $795,000.

The auction is scheduled for Nov. 13 at 2 p.m. at The Westin Virginia Beach Town Center hotel in Virginia Beach.

"We’re under absolutely no pressure to sell units," said Lou Haddad, Armada Hoffler’s president and CEO.

Condos in the tower, the tallest building in Virginia, sold strongly after it opened in 2007. By March 2009, the developer had sold 88 of the building’s 120 units. Since then, sales have stagnated, with just eight more units selling in the past two years.

The most recent asking prices for the 16 units range from $258,400 for a 750-square-foot, one-bedroom condo to $1.7 million for a 2,739-square-foot penthouse.

search homes in this neighborhood in hampton roads or williamsburgThe condos scheduled for auction include five one-bedroom homes with minimum bids of $140,000 to $220,000;  eight two-bedroom homes with minimum bids ranging from $250,000 to $385,000; and three penthouses from minimum bids ranging from $640,000 to $795,000, the prices are up to 56 percent below the last asking prices.

Under this auction arrangement, there are no hidden reserves or buyer’s premiums. Armada Hoffler said advanced registration is required and financing is available for qualified buyers. The auction information center and model homes will be open to preview daily through Nov. 12.

Continue reading

Follow

Get every new post delivered to your Inbox.

Join 1,523 other followers