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  • 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
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Home Sales in Williamsburg VA- News

Do you have a million dollar home in Williamsburg VA ? Are you thinking of selling it ?  You may want to study the chart below before you list your home for sale.

As a Realtor a question I am asked multiple times daily is “How is the real estate market in Williamsburg” ?  It depends on the price range and what slice of the sales pie you are asking about. The following chart will give you a feel for what price ranges are most active in the Williamsburg VA area. These figures are for the last 12months in the 23188 and 23185 zip codes in the City of Williamsburg, VA , James City County and upper York County VA. They do not include the Toano zip code of 23168. The list  includes all detached and attached homes, condos, town-homes and condos. They do not include land or lots.

As you can see if you own a home in the upper price range and want to sell it may take a while.  It’s hard to believe that we have a fifteen year supply of million dollar plus homes for sale in the Williamsburg, VA area.

As a point of reference a six months supply of inventory is considered a balanced market. It may take a while to get back to that in the Williamsburg VA.

Sold price Range Number of home sales in the last 12 months Number of homes currently listed for sale in the Williamsburg VA MLS Months Supply of Inventory **
$0-$200k 120 123 12
$201-$300k 234 277 14.5
$301k-$400k 183 232 15.2
$401k-$500k 92 168 22.1
$501k-$600k 59 97 19.8
$601k-$700k 30 81 32.4
$701k-$800k 13 44 40
$801k-$900k 6 20 40
$901k-$ 1 Million 4 16 48.4
$1 Million and above 4 60 181 ( 15 years)

 

** Months supply of inventory= The length of time it would take to sell all the homes currently listed for sale assuming no other homes were listed after today.

 

All information used is from the Williamsburg MLS ( WMLS) Williamsburg VA Area Association of Realtors. ( WAAR)

mrwilliamsburglogosquaresmall.jpeg This post was authored by local resident and REALTOR, John Womeldorf.  John is known around town as Mr. Williamsburg, for both his extensive knowledge of the historic triangle, and his expertise in the local real estate market.  His websites, www.WilliamsburgsRealEstate.com  and   www.MrWilliamsburg.com, were created as a comprehensive resource about living in Williamsburg, with the hopes selling a house now and again.  You can reach him at 757.254.8136 or John@MrWilliamsburg.com.

One Response

  1. Great article John!

    The “stats” were very interesting.

    We need to also get the other areas of the US to sell more homes….so the “come here’s” can actually come here!

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