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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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      This week marks the one-year anniversary of the opening of Liberty Lounge, which has offered more than fifty thousand service members and their families a comfortable place to relax and refresh during their visits to the Historic Area. It’s just one of the ways Colonial Williamsburg says thank you to our men and women who have...Read More »
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    5524 Pennington Place

    5524 Pennington Place

    5524 Pennington Place

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Hampton Roads Real Estate Market Continues its positive growth for April 2013

The Hampton Roads Real Estate market got off to a strong start for the second quarter of 2013.  April 2013 was characterized by a year-over-year decrease in the number of residential active listings while residential pending and settled sales experienced significant year-over-year increases, driving the market in a positive direction.

Home  sales showed a substantial increase of 13.4% in April 2013 when compared to the previous year.

Home prices showed a small 0.15% increase from April 2012’s $198,950. to $199,250 this year.

The number of residential homes listed for sale declined 7.64% during April 2013 as compared to April 2012. Of the region’s seven major cities (Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Suffolk, and Virginia Beach) Newport News and Chesapeake saw the largest year-over-year declines in active listings, at 19.84% and 14.95% respectively. The region’s months’ supply of inventory is currently at 6.48 months, down 15.4% from April 2012’s 7.66 months. On the Southside, the months’ supply of inventory is 6.02 months, and on the Peninsula it is 7.26 months. Six months worth of inventory is considered a balanced market.

Pending sales ( homes under contract)  increased 21.98% overall when compared to April 2012. Each of the region’s seven major cities underwent year-over-year increases in residential pending sales, with Newport News and Chesapeake experiencing the largest jumps at 39.86% and 35.37%.

Short sale and foreclosure (REOs) properties accounted for 27.76% of all resale residential settled sales in April 2013. This percentage is down 3.21% from April 2012 and is the lowest percentage of distressed properties accounting for residential settled sales in the past six months. In terms of residential active listings, distressed properties accounted for 23.89% of all homes for sale, the lowest percentage in the past 18 months and down 1.14% from the same time last year.

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