• 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

    • How the Liberty Tree Became a Symbol of the Revolution
      In this excerpt from Why the Turkey Didn’t Fly. we look into how an everyday part of nature was used as a potent symbol of freedom. Though largely forgotten today, to the American patriots of the 18th century, liberty trees and liberty poles were representations of their cause at least as prominent as liberty bells or lady liberties.  Liberty...Read More » […]
    • A Revolutionary in Residence Highlights the Spanish Role in the Revolution
      March, 1781. General Bernardo de Gálvez, governor of Louisiana, has seen enough dithering. The Spanish fleet is poised to seize Pensacola and wrest control of West Florida from Great Britain, but uncertainty has the ships stalled just outside the bay that protects the strategic outpost. Will they be able to safely navigate the channel? Will...Read More » […]
    • A Quick update on our Spring babies
      Time for a quick update on our spring babies! We’ve currently got a dozen lambs so far in the Historic Area, with more on the way. Six ewes are still due to have little ones over the next few weeks – so keep an eye out for more lambs! When I went out to visit our...Read More »
    • Susan Higginson Nash: Pioneer Interior Decorator for the Restoration
      A stylish female figure can be seen in many photographs documenting the architectural team who undertook the restoration of Williamsburg’s historic district. She often stands out as the one lone woman amidst the group of men. In some photos, she is walking the grounds of Virginia plantation homes such as Mount Airy and Shirley and...Read More »
    • Finding Tranquil Spaces
      The historic area in the spring can be a little hectic. Between the excited school groups who are happily (and let’s face it, loudly) learning about our nation’s history, the gorgeous and varied dogs on DoG street, and the many other guests here to take in the beautiful weather and bright flowers… it can get...Read More »
  • Flickr Photos

    5524 Pennington Place

    5524 Pennington Place

    5524 Pennington Place

    More Photos

How’s the real estate market in Williamsburg VA–Oct 2014

A brief recap of our overall market here in Williamsburg VA.

Well, we have good news to report on the Williamsburg VA real estate market – We have reached a point of stability.

As we move into the winter market we are starting to see things wind down.  We have a 7.2 month supply of homes which is about the same level as last month.  Obviously, we would like to see more sales as would our sellers but we are maintaining our sales levels, not decreasing which is more good news.  Additional positive news is interest rates remain low and prices are stable so the opportunity for buyers to lock in reasonable monthly payments is available.  From the buyer’s perspective, now is a great time to buy. Sellers are netting approximately 98% of list price at present. A number that has increased steadily in the past few years. ( So a home listed for $300k is selling for $294k on average)

The average selling period for home sellers here in Williamsburg is 57 days. We are expecting mortgage interest rates to rise as we move into 2015 .  Right now we have great rates so take advantage while you can because the Fed still thinks it will be a “considerable time” before it begins to raise interest rates. The Zero Interest Rate Policy remains in full force, as it has been since it began at the end of 2008.  This policy will change because we cannot sustain this type of monetary policy as it just continues to add to our National debt.  Plus, we need a market-driven interest rate environment and a more predictable monetary policy to help foster long term economic growth.  This will definitely impact our housing recovery moving forward.

I would welcome the opportunity to discuss your housing situation in more detail so please feel free to contact me via email John@MrWilliamsburg.com or give me a call 757.254.8136

Well, we have good news to report on the Williamsburg VA real estate market – We have reached a point of stability.

If you’re a Williamsburg or Coastal Virginia home seller who has been wondering if it might finally be time to sell, email me at John@MrWilliamsburg.com ,  and I can prepare a complimentary analysis of market value for you – you just may be pleasantly surprised.

Rate this:
Advertisements
%d bloggers like this: