The Liz Moore Market Watch Blog

Lynnette Tully

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Jamestown Day at Jamestown Settlement & Historic Jamestowne

Posted by Lynnette Tully on Fri, Mar 29, 2019 @ 11:26 AM

diego-catto-423909-unsplash"Jamestown Day", Saturday May 11th, features Historic Jamestowne's ongoing archaeological discoveries of the 1607 fort and one of Jamestown Settlement's ships sailing in the James River. A variety of family friendly programs on Powhatan and English weaponry, military and maritime demonstrations, and traditional music and entertainment will take place at both sites.

The event is jointly sponsored by Historic Jamestowne, site of the original 1607 settlement, and Jamestown Settlement, a living-history museum of 17th-century Virginia.

Separate admission to Historic Jamestowne and Jamestown Settlement. Four-site value ticket available to Historic Jamestowne, Jamestown Settlement, Yorktown Battlefield and Yorktown Victory Center. Free parking at both sites. 

Full schedule of events at http://www.historyisfun.org/jamestown-settlement/jamestown-

Tags: Locals - 101 Reasons, event, event-Williamsburg, events, relo-williamsburg-local

Williamsburg Taco Festival

Posted by Lynnette Tully on Fri, Mar 29, 2019 @ 11:18 AM

krisztian-tabori-1405309-unsplashThe Williamsburg Taco Festival is happening on May 5th from 1-5pm at Billsburg Brewery - 2054 Jamestown Road, Williamsburg.

Tickets are $6.50 and will go on sale closer to the event. 100% of ticket sales will go straight to the Alzheimer's Association. Each Taco will cost $5 and $1 from every Taco sale will go to the Alzheimer's Association.

Billsburg Brewery is combining two of the best things ever, Craft Beer and Taco's for one very special afternoon to raise money for Alzheimer's Association - Southeastern Virginia Chapter #TheLongestDay campaign. DJ Music provided by Time Passages Mobile DJ Service. Live music from Hangar 09 makes the day complete. Tacos from Stuft - Restaurant . Food Truck . Hot Sauce, FoodaTude..Food with Attitude, Matchsticks BBQ Co., Two Drummers Smokehouse / Two Drummers Offbeat Eats. More Local Food Trucks to be announced! 

Tags: Locals - 101 Reasons, event, event-Williamsburg, events, relo-williamsburg-local

Blues, Brews, & BBQ - Riverwalk Landing in Yorktown

Posted by Lynnette Tully on Fri, Mar 29, 2019 @ 11:00 AM

giovanna-gomes-1163458-unsplashThe Annual Blues, Brews, & BBQ event is happening on Saturday, May 4th from 12-6pm at Riverwalk Landing in Yorktown.  

Sample dozens of local craft beers, dig into some amazing BBQ, and listen as some of the best Blues musicians in Hampton Roads take the stage at Riverwalk Landing.

All process benefit the Yorktown Foundation for Public Education.

Tags: Locals - 101 Reasons, event, event-Peninsula, events, relo-peninsula-local

Summer Celebration Wine Festival at Lee Hall Mansion

Posted by Lynnette Tully on Fri, Mar 29, 2019 @ 10:49 AM

kelsey-knight-449204-unsplashThe Summer Celebration Wine Festival is taking place at Lee Hall Mansion on June 8th 2019.

Enjoy seasonal weather on the grounds of Lee Hall Mansion with Virginia wineries, craft vendors, food trucks and live music. One of the most popular springtime festivals on the Peninsula.

Summer Celebration Wine Festival...just another reason why we love where we live!

 

Tags: Locals - 101 Reasons, event, event-Peninsula, events, relo-peninsula-local

Mariners’ Craft Beer Festival

Posted by Lynnette Tully on Fri, Mar 29, 2019 @ 10:41 AM

beer-1Great beer, good food and live music! The seventh annual Mariners’ Craft Beer Festival is happening on May 5th from 12-5pm at 100 Museum Drive in Newport News.

This event features craft beers in the unique setting of The Mariners’ Museum’s outdoor courtyards. Enjoy a selection of more than 50 craft beers from over 20 local, regional and national breweries. 

Listen to live music by the Esoteric Ramblers and Hey! Hey! Hooligan. Brewery representatives will be on-site to answer questions and offer several “Beer Talks” throughout the event and food trucks will be on-site with food for purchase!

Click here to purchase tickets.

Mariners’ Craft Beer Festival...just another reason why we love where we live!

 

Tags: Locals - 101 Reasons, event, event-Peninsula, events, relo-peninsula-local

Let's Shop Consignment

Posted by Lynnette Tully on Wed, Mar 27, 2019 @ 12:38 PM

alexandra-gorn-493032-unsplashWhen looking for high quality and unique home furnishings for a great price, consider visiting a consignment shop.

There is a common misconception that consignment is a glorified thrift store, but with high-end, discerning consignment shops becoming more popular, nothing could be further from the truth. The consignment stores featured in this article are known for the high-quality offerings at great prices. Many customers often brag about the great deals they’ve scored; being able to spot a great deal at a bargain price is a badge of honor for many.


People consign their home furnishing for various reasons, children move in or out, people upgrade or downsize, people move or buy a new home. Life changes all the time and consignment stores are the place to go when your furnishings are too high-end and well-kept for an estate or garage sale. Consigning seeks to strike the balance of a good return for the seller on high-quality pieces and a good deal for the buyer.

Quality consignment shops except only well-cared for furnishings that are attractive, stylish, and will most likely sell. They then arrange the furniture in attractive vignettes and seek to find the valuable pieces new homes. By accepting only the best furnishings and filling their shops with likeminded pieces of similar quality and value, these shops are able to command more value for the furnishings and provide a better return for the seller.

So how does it work? Consignment shops will inspect your potential consignment furnishings in a few different ways, you can show pictures of your pieces, you can bring your smaller items in for review, or you can set an appointment for the shop owner to come to your home to consider larger pieces and collections of furniture. Some shops ask for pictures of your home including your kitchen and bathrooms to gauge your lifestyle and cleanliness, and ensure the piece was in a clean environment before accepting it into their shop. Some shops
even offer pick-up and delivery services for a small fee.

Once a piece is accepted into the shop for sale, the seller and shop owner usually work together to price the item. The initial price is usually reduced somewhere around 15% after the first 30 days if it hasn’t sold. After another 30 days, or 60 days from entry into the shop, the piece is reduced another 15% for a total of 30% off the original price. Most shops only agree to keep pieces on their floor for 90 days. After that if your piece hasn't sold you can pick it up or donate it. The shop owners are so discerning that most pieces sell within 30 days of entering their shop.

If your piece does sell, you split the profit with the shop owner. The general industry standard is 50% for each party, but some shops are more generous and give the seller 60% and keep 40% for themselves.

Most shops sell in store only, but a few post pictures and prices of their pieces online and sell items to buyers all over the country.

In these high-end shops you’ll find upscale designer home décor, furniture, handmade rugs, and more. Many work with interior designers and sell their staging pieces that are virtually brand new. Shop owners say it’s all about getting great inventory and turning it over, that rapid sale breeds more inventory as people get excited their items are selling and bring in more merchandise to sell. This constantly changing inventory attracts more
purchasing clients, many visiting weekly to see what’s new.

Shop owners say rustic farmhouse styled pieces are flying out their doors, as stores like Crate & Barrel, Restoration Hardware, and Pottery Barn are currently in vogue. Classic pieces like leather sofas and chairs are always in demand and are usually sold in less than a week. Today’s style of mixing and matching sets,
wood tones, and fabrics make consignment shops a great place to update your home's look while staying within budget.

Consignment shops offer good quality home furnishings at a value that benefit both the buyer and seller, as well as the small business owner.

Here are a few of our favorite local consignment shops:

In Williamsburg:

The Vintage Rabbit
240 McLaws Circle
Williamsburg, VA 23185
(757) 903-4083

The Velvet Shoestring
311 2nd St.
Williamsburg, VA 23185
(757) 220-9494

On the Peninsula:
Design & Consign LLC
9961 Warwick Blvd.
Newport News, VA 23601
(757) 223-7707

Phoebus Auction Gallery
18 E Mellen St.
Hampton, VA 23663
(757) 722-9210

Rooms, Blooms & More
10239 Warwick Blvd.
Newport News, VA 23601
(757) 599-9299

In Richmond:
Impulse
419 North Ridge Road
Henrico, VA 23229
(804) 288-7300

Revival
9750 Gayton Rd.
Richmond, VA 23238
(804) 750-2200

Izzie’s Consigning with Grace
14300 Midlothian Tpke
Midlothian, Virginia 23113
(804) 378-5005

Great consignment shops...just another reason why we love where we live!

Tags: Locals - 101 Reasons, lizlocal, lizlocal-Richmond, lizlocal-Williamsburg, lizlocal-Peninsula, relo-williamsburg-local, relo-peninsula-local, relo-richmond-local

Introducing Elaine Roberto, a Liz Moore Rainmaker

Posted by Lynnette Tully on Tue, Mar 26, 2019 @ 09:58 AM

Rainmakers are selected based on their sales accomplishments earning them a spot among the top 20% of Liz Moore & Associates top performers.

In additional to sales volume standards, Rainmakers share client-centric philosophies, a dedication to being masters of their craft, and a commitment to giving back to the community they serve.

Introducing Elaine Roberto, a Liz Moore Rainmaker!

 

Tags: Williamsburg, careers

Day Tripping: Virginia Beach

Posted by Lynnette Tully on Mon, Mar 18, 2019 @ 02:59 PM

kevin-delvecchio-273275-unsplash

Virginia Beach has all the elements of a classic seaside resort town all within a short drive making it the perfect day trip beach destination.  Just an hour or two away, you will find gorgeous beaches, a bustling boardwalk, a variety of excellent restaurants, and fun activities sure to appeal to outdoor enthusiasts and kids. Virginia Beach is a year-round destination with beach fun and water play in the summer and many attractions to explore in the less crowded, cooler months.  Let’s head east and explore! 

Virginia Beach first and foremost offers miles of wide, gorgeous sandy beaches along the Atlantic Ocean. People near and far flock to Virginia Beach to sun bathe on the shore, splash in the waves, and enjoy the boardwalk.

If you like adventure, Virginia Beach has exciting waves that attract boogey boarders and surfers daily, especially around the south end of the beach.  The locals usually surf around 1st Street at the oceanfront if you want an authentic surfing experience.  Still a grommet on the waves?  No problem, several outfits offer surfing lessons and board rentals including VB Surf Sessions, Seth Broudy School of Surf, and Pungo Board House.  You can find more information on lessons and rentals on their websites at www.vbsurfsessions.com, www.sethbroudyschoolofsurf.com and www.pungoboardhouse.com.

Those wanting to enjoy the water at a slower pace might enjoy stand up paddle boarding, or SUP as seasoned paddlers call it.  Companies offer lessons, rentals, guided eco tours, and even SUP yoga on the calmer waters around Virginia Beach including First Landing State Park, Rudee Inlet, and Back Bay.  SUP is great exercise and offers beautiful nature views that often include pods of dolphin, osprey, bald eagles, great blue herons, and more.  A few tour companies to check out are Beach Eco Tours, Rudee Inlet Stand Up Paddle, and Tula Adventure Sports Stand up Paddleboard & Kayaking.  You can learn more on their websites at www.beachecotours.com, www.paddleboardvb.com, and www.tulasports.com.

For those looking to just sit back and enjoy the view, a boat tour might be more your speed.  Many tours are offered including fishing, dolphin watching, and there is even a Craft Brews Cruise offered by the Virginia Aquarium!  Capt. Jack’s Pirate Ship Adventures are very popular with tourists of all ages.  Aboard Capt. Jack’s Black Pearl, a bright red ship flying iconic Jolly Rogers, passengers sing and dance along with the crew, enjoying the show as much as the view.  More information on boat tours is available at www.rudeetours.com, www.virginiaaquarium.com, and www.virginiabeachpirateship.com

When exploring Virginia Beach’s land-based attractions, the VB Wave, a trolley-inspired bus, makes getting around fun, easy, and affordable.  The VB Wave transports passengers around the oceanfront, Rudee Inlet, and First Landing State Park.  Just hop aboard at one of the many stops and sit back and enjoy the ride!  Fares are due in cash and cost $2.00 per adult and children 17 and under are free with a paying adult!  Day passes are available for $4.50 each.

All of the fun in the sun is sure to make you hungry and Virginia Beach has many delicious and unique dining options.  A couple of our favorites include Citrus, breakfast here is a must!  Located at 2265 W Great Neck Road and made famous by appearing on Diners, Drive-Ins, and Dives, locals and tourists alike stand in line for citrus orange glazed pancakes and innovative benedicts.  And what’s a trip to the beach without enjoying a raw bar?  Local favorite, Big Sam’s Grill and Raw Bar located at 300 Winston Salem Ave. in Rudee Inlet serves up fresh, locally caught seafood dishes and raw bar items in a comfortable setting with views of the marina. 

Thirsty for an adult beverage? Quench your thirst with an Orange Crush, the unofficial drink of Virginia Beach, made famous by Waterman’s Surfside Grille, a great oceanfront restaurant at the south end of the beach.  The recipe is a blend of the juice of one whole fresh orange with flavored vodka, orange liqueur and a splash of Sprite served over crushed ice.

If you decide to turn your day trip into an overnight, there are numerous hotels and motels for every budget.  One of our favorites is the Hilton Garden Inn Virginia Beach Oceanfront located at 3315 Atlantic Avenue, Virginia Beach.  This hotel is at the northern, quieter end of the beach and features an indoor/outdoor pool and their onsite restaurant, Lagerheads. 

There is so much to see and do in Virginia Beach, enough to fill up many, many day trips.  It’s a good thing this jewel is just a short drive away! Other day trip options include a visit to the Virginia Aquarium and their Adventure Park, seeing a concert at the Veterans United Home Loans Amphitheater, visiting the Military Aviation Museum, touring an oyster farm, visiting the Cape Henry Lighthouse, playing at Top Golf, and so much more.  Plan your trip today!

Virginia Beach...just another reason why we love where we live!

 

 

Tags: Locals - 101 Reasons, lizlocal, lizlocal-Richmond, lizlocal-Williamsburg, lizlocal-Peninsula, relo-williamsburg-local, relo-peninsula-local, relo-richmond-local

What Will We See in the 2019 Peninsula Real Estate Market?

Posted by Lynnette Tully on Mon, Mar 11, 2019 @ 11:09 AM

rawpixel-620230-unsplashBy: Donna Moyer, Managing Broker in Newport News

2018 was another solid year for local real estate. Here on the Peninsula, closed sales finished up 1% for the year, on top of a small increase in 2017. The final quarter was strong, with pending sales up a little over 7%.

We are entering 2019 with less than 4.5 months of active inventory, and homes selling, on average, in only 41 days. On average, sellers accepted offers at over 98% of their asking price last year. That is good news for sellers who are priced properly and in good condition, or for prospective sellers who are thinking about diving into the market. Nationwide, most markets are experiencing inventory shortages, which is the single biggest factor keeping a lid on the number of sales.

The exception here is the upper end market, where sellers need to be significantly more patient – there is currently 10 months of inventory priced at $500,000 and up on the Peninsula.

Prices remained remarkably steady during the past 12 months, with the median sales price on the Peninsula at $192,00 for most of the year.

Here is what I see in the coming 12 months:

A shortage of listings has been our biggest challenge for the past 18 months. My expectation is that we will continue to see more listings come on the market as we move into the Spring. We have seen a significant jump in new listings over the past few months, signaling that wise sellers recognize the importance of beating the competition to the Spring market.

As the typical Spring seasonal demand builds, consumers will realize that moves need to be made ASAP in order to take advantage of a 9 year streak of historically low rates and home values. It’s important to note that the market can shift quickly, and it will not surprise me to see a highly competitive Spring season for homes selling below $400,000.

Interest rates will continue a slow and steady climb this year. Interest rates have been perplexing over the past 12 months. Most predicted the inevitable ascent would begin as the economy gained steam, but rates remained lower than predicted, most likely because the feds were hesitant to do anything that might inhibit the momentum of the recovery.

I believe that 2019 will be the year that interest rates incrementally increase, but the question remains by how much and how frequently. The good news is that this is a sure sign of a strengthening economy, but the bad news is that each hike raises the bar on home affordability. My prediction is that this will add some urgency to the market this year, particularly in the lower price ranges.

Prices will finally begin to show improvement in many neighborhoods. Prices are neighborhood specific, and some areas are definitely improving faster than others. We saw a slight rise in appreciation on the Peninsula last year (with the median sold price up 5%), and I expect we will continue to stay on this more normal appreciation rate in 2019 and beyond.

If a home purchase is on your New Year resolution list, buy early in the year, as interest rates have a much greater impact than most realize. For instance, waiting for prices to drop 5% to save $12,500 on a $250,000 purchase may cost you an extra $225 per month in payments; if rates increase from 4% to 5.5%, then your payment increases from $1194 to $1419. For most buyers, the affordability index of monthly payments is a more critical consideration.

We were fortunate to participate in 1 out of every 6 home sales on the Peninsula in 2018, insuring a position as an agency in the local market. Your support and referrals are much appreciated, and we promise to deliver the extraordinary client experience that has become our hallmark!

*All stats based on Broker Metrics (REIN MLS areas 101-113) residential home sales in 2018

If you are looking to buy or sell a home this year, email us at info@lizmoore.com.  We'd love to help!

Tags: Buyers, Sellers, Hampton, York County, Newport News, Poquoson, lizlocal-Peninsula, relo-peninsula-news

A Big Night for Liz Moore & Associates and Their Builder Clients at the MAME Awards in Richmond

Posted by Lynnette Tully on Mon, Mar 04, 2019 @ 04:31 PM

The Annual Mame Awards were held on Friday, March 1st in Richmond, Virginia.  MAME stands for Major Achievements in Marketing Excellence and the MAME Awards pay tribute to superior sales and marketing achievements by individual professionals, home builders, developers, remodelers, real estate agents, and associate members. The competition is presented by the Sales & Marketing Council (SMC). 

Three of the area builders that are marketing by Liz Moore and Associates took home awards.

perk-3Perkinson Homes won for Best DVD/Promotional Video and Best Digital Advertisement for their video series promoting Primland Creek in Hallsley.  A majority of their lots were pre-sold due to these promotions, so it is no surprise that they came home winners!

Baldwin Creek and Philip Bourdon won for Best Community Spirit.  Philip baldwinbelieves in giving back to his community by sponsoring an apprenticeship program with a local high school, giving students hands on experience in the building world.

53093761_316255829078001_7737482629984813056_nNK Homes won the award for Best Marketed Community in Rochambeau Estates.  The newly-established Rochambeau Estates highlights the beauty of New Kent County with spacious and quiet lots. This lends itself towards private living while still delighting in the charming community. 

In addition to our builder clients winning big, Tonya Morrow, managing broker of our Richmond office, took catie and tonya-1home two awards.  Tonya won Marketing Executive of the Year and Sales Manager of the Year.  Wow!  Congratulations, Tonya!

If you are interested in buying or selling real estate in the Richmond, Virginia area, or are a home builder looking for a firm to support you in marketing, email us at info@lizmoore.com.  We'd love to show you how our effective marketing can serve you!  

Tags: New Homes, Richmond, lizlocal-Richmond, relo-richmond-news