• 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

    • 7 Ways Our Free App Will Improve Your Visit
      The official Colonial Williamsburg Explorer app just received another big upgrade, so now there are even more reasons to make sure you make it part of your visit. Our website is a great way to plan your adventure from home, but when you’re here, the app is an indispensable tool to make the most of...Read More »
    • Reflections of a Revolutionary in Residence
      “Papi, am I a princess?” “Yes, Anabella, you are. But we all are. In our country every one of us is a king or a princess,” I said, echoing the words of young Mr. Jefferson as played by Kurt Smith. She was right to ask: my family was feted like never before during my recent...Read More »
    • Join Us for the 4th of July!
      Seriously, is there a better place in America to celebrate the Fourth of July than Williamsburg? In times that incline us toward cynicism, here is a place where you can leave that behind for a little while, and renew your sense of patriotism. This Independence Day combines great traditions with some fresh twists. It’s a...Read More »
    • The Word on DoG Street: Why We Need Your Help
      The word on DoG Street is that the Colonial Williamsburg Foundation receives state and federal taxpayer support and that an increase in that support could help solve the serious financial challenges facing the Foundation. If only that were true. CWF receives $0 annual financial support from either the state or federal government. Zero. We can’t...Read More » […]
    • An Anecdotal History–and Mythology–of the Stars and Stripes
      June 14 is Flag Day, marking the day in 1777 that the Second Continental Congress adopted the stars and stripes as America’s national banner. But it takes a bit more than the dawn’s early light to make out the origins of the flag. Still, it’s worth a try. Let’s start with the stripes. In 1769 some...Read More »
  • Flickr Photos

    5524 Pennington Place

    5524 Pennington Place

    5524 Pennington Place

    More Photos

Fords Colony Real Estate Market Turns Around in 2012

fords colony williamsburg vaWhat a difference a year makes for home sales in Fords Colony, Williamsburg VA !

At the beginning of 2012 the unsold home inventory in Fords Colony stood at almost a 17 month supply. As of today it is almost at six months, WOW. ( six months is considered a balanced market. Under six months is a sellers market)

This makes it the number one most improved neighborhood market in the James City County, Williamsburg VA area..

It almost feels like 2005 again with a number of homes selling within a few days and multiple offers coming in on a number of listings.

From a low of 78 sales in 2011,the total number of homes sold soared 56% in 2012 to  118 homes.

In 2012 there were 19 homes in Fords Colony that sold in 10 days or less. 45 homes sold in 45 days or less. Basically if a homes comes on the market in Fords Colony that is realistically priced and is decent condition they are selling in a very short period.

image

 

 

 

 

 

 

 

 

 

A few highlights for 2012:

Median days on market has dropped from 345 to 73 days !

The number of homes on the market has dropped from 112 in Jan 2012 to 88 in Jan 2013  (21% drop)

8 home sales have closed in 2013 so far compared to 3 in January 2012 ( 166% increase)

A number of price categories had tremendous jumps in sales activities. Sales for homes priced from 350k to 400k increased 78% from 14 sales in 2011 to 25 sales in 2012. From 450k to 500k the number of homes sold soared 89% from 9 to 17.

500k to 550k jumped 45%. 600k to 700k home sales increased 66% from 6 to 10. The upper end is starting to move again as well . There were 4 sales over $900k in Fords Colony in 2012 versus only 2 in 2011

List prices are increasing in 2013. The median list price has jumped 10% from $454,500 to $500k.. Although median sales prices dipped from $487,500 in 2011 to 479k in 2012. It is steadily increasing in the last 12 months. We will most likely see a 10% increase in median sales prices this year due to the low inventory of home.

Percentage discounts from list price ranged from 84% to 1.03 percent. Yes, that’s correct buyers paid more than list price. The median discount has been 96% from list price . This has risen to 98% in the last 3 months. We are seeing a number of offers coming in at list price. In this price range fewer buyers are asking for closing costs. Most simply pay them own.

So, what does this mean to you as a buyer ? Expect to pay more , make an offer quickly if you want the home, expect competing offers on nice homes that are priced reasonably.

If you are Fords Colony homeowner thinking of selling , maybe now is the time !. I would be happy to chat if you so desire..

Click here to see all detached homes for sale in Fords Colony

Click here to see all townhomes, attached homes and condos for sale in Fords Colony

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: