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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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A new sign comes to Towne

Hampton Roads-based residential real estate firm Prudential Towne Realty is aligning itself with the Oracle of Omaha.

On January 7th, 2014.  Prudential Towne Realty becomes part of the Berkshire Hathaway Home Services team. They will then be known as Berkshire Hathaway Home Services Towne Realty.

In 2009, Towne Bank combined 3 local companies, GSH Real Estate, Prudential McCardle Realty and Prudential Decker Realty, to form Prudential Towne Realty,

In flying the Berkshire Hathaway flag, Prudential Towne becomes part of the residential real estate franchise that Warren Buffett’s conglomerate began building two years ago.

 Prudential Towne Realty becomes part of the Berkshire Hathaway Home Services team. They will then be known as Berkshire Hathaway Home Services Towne Realty.

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HAMPTON ROADS 2013 TOP NEW HOME BUILDERS

Ryan Homes was again the top builder in Hampton Roads VA for permits, closings and revenue in 2013 with 309 permits issued, 292 closings, and $104,699,944 in revenue. Ryan Homes is actively building in 18 new home communities in Hampton Roads. Their top subdivision was Turtle Creek in Newport News with 50 permits, 42 closings, and $13,303,294 in revenue. Windsor Ridge at Wellington in Williamsburg/ James City County was their number two subdivision for permits, closings, and revenue with 32 permits and 32 detached closings recorded for $11,898,876 in revenue. Chesapeake Homes was the number two builder in Hampton Roads VA for permits, closings, and revenue with 134 permits issued, 173 closings recorded, and $46,874,097 in revenue in 15 communities on the Southside and Peninsula. Cornerstone in Virginia Beach was their number one community during the year with 36 permits recorded, 51 closings recorded, and $12,349,142 in revenue. West Neck Village was their number two community with 21 permits issued, 16 closings, and $5,648,588 million in revenue. HHHunt Homes was the number three builder for closings and revenue with 154 closings recorded, and $37 million in revenue. HHHunt Homes had closings in ten communities in Hampton Roads during the year including eight detached and two attached. Their top subdivision in 2013 for closings was Weatherly in Whitehall in the Toano area of James City County with 40 closings. Their top subdivision for revenue was the single family product at Whitehall with closings totaling $7,835,125 in revenue.

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The Hampton Roads real estate market update June 2013

Inventory is down and prices are up !

The following update is for the Hampton Roads areas of Carrolton,  Chesapeake,Gloucester, Hampton, Isle of Wight, Portsmouth  Mathews, Newport News Norfolk, Poquoson, Smithfield, , Suffolk, Surry,  Va Beach, Yorktown  and York County Virginia as well as other outlying areas of VA and NC

For Williamsburg Real Estate Update click here

Local and national real estate markets seem to be sizzling like the summer temps, and several economic sources are crediting this surge to the recent increase in mortgage interest rates. In the Hampton Roads VA area, the real estate market has experienced a spike in homes under contract , homes sold as well as the median sales price, while the number of residential homes for sale has dropped. The distressed homes market had slight improvements as well, leading the way towards a strengthening housing market.

Hampton Roads home sales increased 8.9% in June 2013 compared to the same time period last year. Of the region’s seven major cities (Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Suffolk, and Virginia Beach) Chesapeake and Newport News saw the largest year-over-year increases at 22.9% and 17.27% respectively. Along with the rise in home sales came an upturn in the median sales price. The residential median sales price is currently $225,000, up 8.43% from June 2012’s median sale price of $207,500. This is the highest residential median sale price the Hampton Roads market has seen since July 2010 when it was $229,000

Residential pending sales ( Homes under contract) jumped significantly for the month of June, increasing 11.93% when compared to June 2012. Portsmouth and Norfolk showed the most significant increases at 32.98% and 23.35% respectively.

Hampton Roads home sales increased 8.9% in June 2013 compared to the same time period last year. Of the region’s seven major cities (Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Suffolk, and Virginia Beach) Chesapeake and Newport News saw the largest year-over-year increases at 22.9% and 17.27% respectively. Along with the rise in home sales came an upturn in the median sales price. The residential median sales price is currently $225,000, up 8.43% from June 2012’s median sale price of $207,500. This is the highest residential median sale price the Hampton Roads market has seen since July 2010 when it was $229,000

The months’ supply of home inventory continues to decline as the number of homes listed for sale decreases. June 2013 recorded 11,010 residential active listings, down 4.53% from June 2012. The months’ supply of inventory is currently at 6.47 months, a 13.04% drop from June 2012’s 7.44 months and down 1.67% from last month’s 6.58 months. A balanced market is considered to be between 6 and 8 months worth of inventory.

The percentage of home sales that were distressed homes (, (BANK OWNED, FORECLOSURES OR SHORT SALES ) dropped to 22.84%, down 5.97% from June 2012. June’s decrease in the percentage of distressed sold sales was the lowest since June 2010 when it was at 20.84%. Distressed homes accounted for 21.68% of active residential resale homes for sale, down 3.02% from June 2012.

This information is derived from the Real Estate Information Network, Inc., (REIN) an independent MLS owned by broker stockholder members serving real estate brokers in the Tidewater / Hampton Roads area of Virginia from Williamsburg east to Virginia Beach and south to the North Carolina border.

REIN MLS database primarily lists homes, condos, townhomes and land for sale in Carrolton,  Chesapeake,Gloucester, Hampton, Isle of Wight, Portsmouth  Mathews, Newport News Norfolk, Poquoson, Smithfield, , Suffolk, Surry,  Va Beach, Yorktown  and York County Virginia as well as other outlying areas of VA and NC

Psst……I’m a real estate agent.

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 Williamsburg/ Hampton Roads area and his expertise in the local real estate market.

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.

I can help you access all the information you will need about choosing a neighborhood and buying a home in New Kent, Gloucester, Newport News, Hampton, York County, Smithfield, Williamsburg, Poquoson or the greater Hampton Roads area, including area information on schools, local government, shopping, activities for the children and more! Whether you have made a decision to relocate, retire or are just considering a move to Williamsburg or Hampton Roads VA, let me help make your transition or PCS to the area a smooth and enjoyable one!

Hampton Roads is a transient community due to the large population of military members in the area. I have a unique perspective on relocation and have helped many families move in and out of the area. I understand the kind of support team it takes to make a smooth transition.

You can search homes for sale , active adult communities, 55+ communities, condos and townhomes ,foreclosures/ REO, land, building lots, commercial property in Williamsburg , Yorktown, New Kent, Gloucester, Poquoson as well as the surrounding areas of Hampton Roads, Virginia

You can reach text or call me at 757-254-8136 or email John@MrWilliamsburg.com

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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Hampton Roads Real Estate Market continues to stabilize in 2013

The first quarter of 2013 ended strong for the Hampton Roads real estate market as March 2013 posted nearly a double digit percentage increase in residential settled sales when compared to 2012  Homes under contract increased significantly year-over-year while active home listings continued to decline, once again lowering the months’ supply of inventory

The Hampton Roads region saw an increase of 8.53% in closed home sale for March 2013 when compared to March 2012. Of the region’s seven major cities (Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Suffolk, and Virginia Beach) Portsmouth and Suffolk recorded the highest year-over-year increases of 27.03% and 13.10% respectively. Hampton and Norfolk were the only two cities to experience year-over-year decreases, dipping 21.60% and 2.68%. Residential closed  sales are up 10.71% for the first quarter of 2013 (January-March) when compared to first quarter 2012.

The residential median sales price is currently $199,000, a considerable increase of 7.57% from March 2012’s $185,000.

Last month’s largest statistical improvement was in residential under contract sales, with a year-over-year increase of 12.84%. Portsmouth and Newport News saw the largest increases of 36.17% and 18.18% respectively. .

The region saw a drop of 8.62% compared to last year for active home listings. Newport News and Chesapeake contributed largely to this decline, with recorded reductions in inventory of 18.75% and 17.71% respectively.

The overall decrease in the number of homes for sale has resulted in a 6.38 months’ supply of inventory, as compared to 7.57 months in March 2012. A balanced real estate market typically maintains a 5 to 6 months’ supply of inventory, so this statistic does suggest a stabilizing market for the area.

Short sales & foreclosures, continue to have an impact on the region, while maintaining a relatively consistent market share. In March 2013 25.20% of all resale residential active listings in the Hampton Roads real estate market were distressed properties. This is little change from March 2012 when distressed properties accounted for 25.73% of active listings.

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Distressed properties comprised 28.44% of all resale residential settled sales in March 2013, a 5.09% decrease from the same time last year, when distressed properties accounted for 33.53%

These statistics are based solely on on listings entered into the Real Estate Information Network by REIN broker members. The geographical area includes southeastern Virginia (Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk, Franklin, Smithfield, Isle of Wight, Hampton, Newport News, York County and Poquoson) to Williamsburg, James City County, Gloucester, Middlesex, Virginia’s Eastern Shore and northeastern North Carolina. Reports include all property types: Attached and Detached Residential, Duplex, Apartments, Commercial, and Land & Farms.

 

Psst….    .I’m a real estate agent.

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 Williamsburg/ Hampton Roads area and  his expertise in the local real estate market.

I can help you access all the information you will need about choosing a neighborhood and buying a home in New Kent, Gloucester, Newport News, Hampton, York County, Smithfield, Williamsburg, Poquoson or the greater Hampton Roads area, including area information on schools, local government, shopping, activities for the children and more! Whether you have made a decision to relocate, retire or are just considering a move to Williamsburg or  Hampton Roads VA, let me help make your transition or PCS to the  area a smooth and enjoyable one!

Hampton Roads is a transient community due to the large population of military members in the area. I have a unique perspective on relocation and have helped many families move in and out of the area. I understand the kind of support team it takes to make a smooth transition.

Area Orientations

Complete tours can be scheduled to help you familiarize yourself with Williamsburg and Hampton Roads neighborhoods, home prices, shopping centers, military bases, recreational facilities, public & private schools and transportation systems. My orientation will provide you with awareness of aircraft noise & accident potential zones, flood zones, major traffic patterns and commute times to your job.

You can search homes for sale , active adult communities, 55+ communities, condos and townhomes ,foreclosures/ REO,  land, building lots, commercial property  in Williamsburg , Yorktown, New Kent, Gloucester, Poquoson as well as the surrounding areas of Hampton Roads, Virginia

You can reach me by phone at 757-254-8136 or email  John@MrWilliamsburg.com

I look forward to serving your real estate needs!

Best,

John

Hampton Roads Real Estate Market Continues to Stabilize

March 2013

The Hampton Roads real estate market steadily approaches stabilization.

Homes sales and properties under contract both maintained positive trends for February 2013, while the number of residential active listings for sale has continued to drop lowering the month’s supply of inventory.

home sales statistics williamsburg vaThe number of homes for sale in February 2013 was down 8.83% when compared to February 2012, dropping the region’s month’s supply of inventory to 6.34 months. This time last year the month’s supply of inventory was 7.46

Of the region’s seven major cities (Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Suffolk, Virginia Beach) Chesapeake and Newport News experienced the largest year-over-year declines in residential active listings at 19.44% and 16.70% respectively.

Pending sales ( homes under contract)  saw a spike in February 2013. When compared to February 2012 pending home sales were up 17.63%. Chesapeake and Portsmouth recorded the largest year over-year gains at 44.44% and 44.05% respectively.

New home sales also saw an increase of 13.26% compared to February of last year. We should see boosts in closed sales over the next coming months once these homes close. image

 

Continuing the month’s positive trend closed residential sales, which are up 4.63% over February of last year. Suffolk and Newport News experienced the largest year-over-year gains in residential closed sales at 43.75% and 30.68% respectively, while Portsmouth and Norfolk were the only two cities not to experience an increase with year-over-year declines of 25% and 5.17%. Hampton Roads residential median sales price is $189,000, up 2.22% from February 2012’s $184,900. The new construction segment of the market followed suit and experienced an 8.70% increase in closed sales when compared to February 2012.

Distressed Homes  (short sales or foreclosures), continue to their large share of the  the region’s real estate market. Distressed homes accounted for 26.37% of residential listing for sale in February 2013. They have accounted for as little as 23.61% (September 2011) and as much as 28.05% (December 2012) of residential active listings over the past 18 months.

Distressed homes accounted for 34.20% of residential homes sold in February 2013. Distressed homes have accounted for as little as 24.4% (August 2012) and as much as 37.18% (January 2012) of residential settled sales over the past 18 months.

image

These statistics are based solely on on listings entered into the Real Estate Information Network by REIN broker members. The geographical area includes southeastern Virginia (Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk, Franklin, Smithfield, Isle of Wight, Hampton, Newport News, York County and Poquoson) to Williamsburg, James City County, Gloucester, Middlesex, Virginia’s Eastern Shore and northeastern North Carolina. Reports include all property types: Attached and Detached Residential, Duplex, Apartments, Commercial, and Land & Farms.

 

Psst….    .I’m a real estate agent.

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 Williamsburg/ Hampton Roads area and  his expertise in the local real estate market.

I can help you access all the information you will need about choosing a neighborhood and buying a home in New Kent, Gloucester, Newport News, Hampton, York County, Smithfield, Williamsburg, Poquoson or the greater Hampton Roads area, including area information on schools, local government, shopping, activities for the children and more! Whether you have made a decision to relocate, retire or are just considering a move to Williamsburg or  Hampton Roads VA, let me help make your transition or PCS to the  area a smooth and enjoyable one!

Hampton Roads is a transient community due to the large population of military members in the area. I have a unique perspective on relocation and have helped many families move in and out of the area. I understand the kind of support team it takes to make a smooth transition.

Area Orientations

Complete tours can be scheduled to help you familiarize yourself with Williamsburg and Hampton Roads neighborhoods, home prices, shopping centers, military bases, recreational facilities, public & private schools and transportation systems. My orientation will provide you with awareness of aircraft noise & accident potential zones, flood zones, major traffic patterns and commute times to your job.

You can search homes for sale , active adult communities, 55+ communities, condos and townhomes ,foreclosures/ REO,  land, building lots, commercial property  in Williamsburg , Yorktown, New Kent, Gloucester, Poquoson as well as the surrounding areas of Hampton Roads, Virginia

You can reach me by phone at 757-254-8136 or email  John@MrWilliamsburg.com

I look forward to serving your real estate needs!

Best,

John

January Homes Sales Update for Hampton Roads

home sales statistics williamsburg vaInventory is down and prices are up !

The Hampton Roads real estate market is off to an optimistic start for 2013.

The number of residential homes for sale significantly dropped when compared to January 2012, resulting in a lower month’s supply of inventory. Residential closed  sales and homes under contract both experienced double digit percentage year-over-year increases.

The number of residential homes listed  for sale in Hampton Roads in January 2013 was down 10.75% when compared to the same time last year. Of the regions seven major cities (Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Suffolk, Virginia Beach) Chesapeake and Virginia Beach experienced the largest year-over-year declines in residential active listings at 19.01% and 16.87% respectively. Portsmouth was the only city not to experience a year-over-year decline as residential active listings increased 2.05%. The drop in active listings has resulted in a low 6.18 months’ supply inventory which is down 17.6% from January 2012 when it was 7.5 months.

Pending sales (Homes under contract) showed promising numbers during January 2013 with an increase of 14.14% when compared to January 2012. Suffolk and Chesapeake saw the largest year-over-year increases of 39.74% and 25.54% respectively, while Hampton experienced the smallest year-over-year increase of 3.74%. Portsmouth was the only city not to see a year-over-year gain, with residential under contracts down 14.12%.

Closed home sales round off the month’s positive trend. January 2013’s residential settled sales increased 20.66% when compared to January 2012. Suffolk and Hampton substantially contributed to this increase as they saw year-over-year gains in residential settled sales of 59.26% and 40% respectively. Norfolk experienced the smallest year-over-year gain of 3.87% and Portsmouth saw no gain at all as residential settled sales dropped 1.18% year-over-year.

Home prices

The median residential sales price is currently $193,000, a 10.63% increase from $174,450 in January 2012. image

 

The Hampton Roads distressed homes market, (BANK OWNED, FORECLOSURES OR SHORT SALES ) continue to impact the region’s real estate market. Distressed homes accounted for 34.88% of residential settled sales during January 2013. This is the highest percentage since February 2012 when distressed homes accounted for 36.39% of residential settled sales. As for residential homes for sale, 27% of the listings in January 2013 were distressed properties. This percentage has fluctuated between 22% and 28% over the last 18 months. There appears to be an upward trend in both active and sold distressed residential properties starting in August 2012

This information is derived from the Real Estate Information Network, Inc., (REIN)

An independent MLS owned by broker stockholder members serving real estate brokers in the Tidewater / Hampton Roads area of Virginia from Williamsburg east to Virginia Beach and south to the North Carolina border.

REIN MLS database primarily lists homes, condos, townhomes or land for sale in Carrolton,  Chesapeake,Gloucester, Hampton, Isle of Wight, Portsmouth  Mathews, Newport News Norfolk, Poquoson, Smithfield, , Suffolk, Surry,  Va Beach, Yorktown  and York County Virginia as well as other outlying areas of VA and NC

 

Psst……I’m a real estate agent.

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 Williamsburg/ Hampton Roads area and his expertise in the local real estate market.

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.

I can help you access all the information you will need about choosing a neighborhood and buying a home in New Kent, Gloucester, Newport News, Hampton, York County, Smithfield, Williamsburg, Poquoson or the greater Hampton Roads area, including area information on schools, local government, shopping, activities for the children and more! Whether you have made a decision to relocate, retire or are just considering a move to Williamsburg or Hampton Roads VA, let me help make your transition or PCS to the area a smooth and enjoyable one!

Hampton Roads is a transient community due to the large population of military members in the area. I have a unique perspective on relocation and have helped many families move in and out of the area. I understand the kind of support team it takes to make a smooth transition.

Area Orientations

Complete tours can be scheduled to help you familiarize yourself with Williamsburg and Hampton Roads neighborhoods, home prices, shopping centers, military bases, recreational facilities, public & private schools and transportation systems. My orientation will provide you with awareness of aircraft noise & accident potential zones, flood zones, major traffic patterns and commute times to your job.

You can search homes for sale , active adult communities, 55+ communities, condos and townhomes ,foreclosures/ REO, land, building lots, commercial property in Williamsburg , Yorktown, New Kent, Gloucester, Poquoson as well as the surrounding areas of Hampton Roads, Virginia

You can reach text or call me at 757-254-8136 or email John@MrWilliamsburg.com