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    5524 Pennington Place

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So, how is the real estate market in Williamsburg VA ?

Heating up ,but one month in lets not celebrate yet !

Jan 2012 area highlights

Total area home sales in Williamsburg/ James City County/ York County are up 11%  from Jan of 2011

Under contract /Pending Sales for January are up by a Whopping  38.16% to 105 homes, versus January of last year at 76 that went under contract.

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One exciting trend since Sept 2011 homes sales in Williamsburg VA have been up every month. That’s’ FIVE months in a row.

Inventory of listings is down 13%

Prices are down 3.36% from last year

Days on market now stands at 197 days way up from 140 days last year ( note, this is a bit misleading as it doesn’t factor in homes that were listed , expired and then put back on the market.

Our company sales are up 57% from Jan 2011. ( #2 in market share)

Still no sales over $950k ….

One last sobering fact. Of the 3292 homes listed for sale last year 1242 of them ( or 37% ) didn’t sell while they were listed.  Was it price or condition or both ?

 

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What price ranges are moving in Williamsburg VA Real Estate ? Jan 2012

 

 

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Any what price ranges went under contract in Williamsburg VA in Jan 2012 ?

 

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Like what you are reading ? Want to receive updates by email in the future ? Sign up here  banner 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 post was 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 KentPoquoson, 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 @  757-254-8136

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