Sheeran Sotheby’s International Realty closed its last Williamsburg office. At the peak of the market the company had three offices. One on Richmond Rd, a new home sales center in Greensprings West and an office in Governors Land.
It seems that it’s focus on the luxury market was it’s demise. The brokerage became a Sotheby’s International affiliate back in 2007 just as our real estate market was beginning its downward turn . In 2006 there were 24 home sales over $1 million in the Williamsburg Va market, in 2011 there were 6.
While the upper tier sales have dropped there was a 1.2% increase in the total number of homes sold in 2011 versus 2010 in the Williamsburg VA market. It should be noted that homes sales in all of the following price ranges were up in 2011 as compared to 2010: $100k-150k, 250k-300k, 350k-400k, 500k-550k, 700k-750k,750k-800k, and ending with the 800k-850k price range where sales were up a whopping 166% !
Sheeran has moved to William E. Wood Realtors office in Williamsburg along with eight of his Sotheby’s team, according to the William E. Wood website.
Like what you are reading ? Want to receive updates by email in the future ? Sign up here  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 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 @ 757-254-8136 |
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