The Liz Moore Market Watch Blog

How Long Should It Take To Sell My Home?, Part 1: Supply & Demand

Posted by Lynnette Tully on Mon, Apr 17, 2017 @ 01:44 PM

ph-sc-collaborative-planning-demand-supply-management.jpgHow long should it take to sell my home?

That’s a great question, and absent a crystal ball, we have to rely on market data to answer that question.  There are several things to consider, beginning with supply and demand.

Let’s start with supply.  The traditional benchmark for determining whether it’s a market favoring sellers or buyers is what we call “month’s supply of inventory.”  It is most commonly calculated by taking the number of active listings (we’ll call that inventory) and dividing it by the average number of homes that go under contract monthly.  The result is a factor that represents the number of months it would take to absorb all of the active inventory at the current sales pace, assuming no new listings come on the market.

Six months of inventory is considered a balanced market, with factors generally not favoring either side.  More than six months of inventory favors buyers, and less than six months favors sellers.

The other side of the equation is demand.  We typically begin by measuring how many listings close each month, and look for trends.

You have to be careful just studying one element of the market, however; for example, closings could be increasing each month which may lead you to believe that the market favors sellers…but, if new listings coming on the market are outpacing those sales, then the market could actually be softening.

Click below to download "How Long Should it Take to Sell My Home?" and have all of your questions answered!

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Tags: Sellers

Easter Egg Hunt at The Lee Hall Mansion

Posted by Lynnette Tully on Fri, Apr 14, 2017 @ 03:40 PM

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Looking for an Easter Egg Hunt for the kids?  Check out the event at Lee Hall Mansion, Saturday, April 14th!

Experience the Antebellum south on the grounds of Richard D. Lee's mid-nineteenth century home by bringing the family to this popular annual tradition. In addition to the Easter egg hunt, games and face painting will be available. The Easter Bunny will be on hand for photo opportunities. Plan to arrive by 9:30 am as the egg hunt starts promptly at 10:00 am.

The cost for this event is $5.00 per child.

Lee Hall Mansion...just another reason why we love where we live!

 

Tags: Locals - 101 Reasons

Pink Elephant Sale to Benefit the Williamsburg Symphony Orchestra League

Posted by Lynnette Tully on Tue, Apr 04, 2017 @ 12:45 PM

LMA_elephant-logo-2-1.jpgShop our third Pink Elephant Sale on Saturday, April 29th from 10-2 at 2861 Bennett's Pond Road in Williamsburg’s Governor's Land neighborhood.  Come find treasurers of gently used clothing, accessories, jewelry, furniture, and more.  All to raise money for the The Williamsburg Symphony Orchestra League!

Donations of fine clothing and furnishings will gladly be accepted! Volunteers will be standing by at 2861 Bennett's Pond Road on Friday, April 21st and Saturday, April 22nd from 9am - noon to collect your items. 

Email us at pinkelephant@lizmoore.com for more information.

Tags: Williamsburg, Community

Pictures with the Easter Bunny at the Southern Living Showcase Home

Posted by Lynnette Tully on Mon, Mar 27, 2017 @ 03:57 PM

EasterBunny_eCard_2017.jpgCome tour the beautiful Southern Living Showcase Home, located at 109 Ford's Colony Drive, and get your child's picture taken with the Easter Bunny on Friday, April 7th from 1-4pm.

Inspired by the pages of Southern Living magazine, the award winning team at Wayne Harbin, Builders is building “Harrison Place,” a 3,500 square foot, fully furnished and decorated show home, outside the gate on Fords Colony Drive.  Preferred subcontractors are featuring the latest and greatest trends in home design, interior finishes, and home electronics.  Unleash your inner chef with on-site cooking demonstrations in our fabulous kitchen, discover imaginative landscaping and outdoor space ideas, and find design inspiration and style tips in every room!

 Harrison Place is now offered at $795,000! 

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Tags: New Homes

Kids - Want to Win Tickets to Carnival of the Animals in Williamsburg?

Posted by Lynnette Tully on Tue, Mar 21, 2017 @ 03:17 PM

ecycler-crayons.jpgShow us your coloring talent!!  Kids...enter our coloring contest and you could win tickets to the Williamsburg Symphony Orchestra's Carnival of the Animals concert taking place at the Williamsburg Community Chapel on April 29th at 3pm.

You can download the coloring page here, or pick one up at our New Town office (5350 Discovery Park Blvd.).

Download the Coloring Page

Return your entry to our office making sure the artist's name and age, as well as an email address, is on the coloring page.

The winners will be decided on April 14th and all entries will be on display at the concert.  

Carnival of the Animals - a variety of animal-themed musical pieces will enchant the audience with artist Bob Oller and dancers from Virginia Regional Ballet interpreting the music. A whimsical classic written over 150 years ago, Carnival of the Animals includes 14 movements representing different animals, including a lion, donkey, and elephant, as well as fossils, an aquarium and an aviary. The music will also be accompanied by the poems of Ogden Nash narrated by Elisabeth Reiss.

Local art...just another reason why we love where we live!

 

Tags: Locals - 101 Reasons, Home Page, Williamsburg

2017 Real Estate Market Watch: sell your home quickly & for top dollar in a complex real estate market

Posted by Lynnette Tully on Mon, Mar 20, 2017 @ 02:18 PM

verena.jpgCome join Williamsburg experts on Thursday, March 23rd at 3pm for a panel discussion including a Q&A session to get your questions answered by area experts!

Liz Moore & Faith Heinen of Liz Moore and Associates
• Walt C. Zaremba of Zaremba Center Estate Planning & Elder Law
Mike Rock of Nationwide Insurance
• Jerry Sullivan of Door to Door Solutions

This event is being held at Verena at the Reserve, Williamsburg's premiere 55+ community.

Please RSVP to Verena at 757-345-2995 by Monday, March 20th.

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Tags: Seniors, Home Page, Williamsburg, verena

Shamrock the 'Burg 2017

Posted by Lynnette Tully on Thu, Mar 16, 2017 @ 02:28 PM

shamrock_01_png_by_clipartcotttage-d7979dj.pngLooking for a way to celebrate St. Patty's Day?  Check out the Kiwanis Club of Williamsburg's Shamrock the 'Burg.  This event is sponsored by ESGI and features live Irish music by The Donnybrooks, corned beef and cabbage, Guinness Draught and Harp Lager.

Shamrock the 'Burg will be held at the Williamsburg Community Building on Friday March 17, 2017. Doors open at 5:30pm. $10 cover, $5 drinks, $5 plates. 21 and over event. Proceeds benefit Avalon, Bacon Street, Dream Catchers and Home for Good, a United Way program.

Visit www.WilliamsburgKiwanis.org for more information and tickets.

Shamrock the 'Burg...just another reason why we love where we live! 

Tags: Locals - 101 Reasons, Williamsburg

5 Cleaning Hacks to Keep Your Home Looking Show-Ready

Posted by Lynnette Tully on Tue, Mar 14, 2017 @ 03:09 PM

blog_cleaningSoul_900.jpgWhen you’re selling your home, you must be ready for people to pop in at a moment’s notice.  A squeaky clean home is a must, but how do you accomplish that while you are still living there?

REALTOR.com came up with five cleaning hacks to get the job done quickly and easily, so you can free up your time and save your sanity. 

1.  Work the Room
While your instinct might be to clean everything, you might also go crazy trying to pull it off before every showing. Instead, zero in on what the potential buyer is likely to notice, Haynes recommends cleaning it every day or two, and then doing a deeper clean once a week.

2.  Use Mobile Storage
As soon as you know you’re going to show your house, pack up everything you don’t normally use. Once you’re down to the stuff you actually need, find a way to quickly and easily hide it when it’s time to show the house.

3.  Fake the Good Habits
By taking small steps throughout the day, you’ll save yourself a ton of time and keep the house clean around the clock. In the living room, pick up as you go (or at least as soon as your kids leave the room). In the bathroom, make it a habit to keep your toiletries under the sink and not on the counter. In the kitchen, unload the dishwasher as soon as the drying cycle is done so you can start loading again right away.

4.  Give the Illusion of Clean
Running short on time? You can easily make a room look clean without actually having to clean everything as long as you focus on the stuff people notice the most.

Focus most of your effort on two rooms: the kitchen and the bathroom.

If you have time, give rooms an extra boost by wiping down the fixtures and faucets, running a dry mop over the floors, and dusting the window treatments. Fold white towels neatly on the towel rack in the bathroom for a classic look.

5.  Add Flair
Don’t forget those little touches that make your house look clean and presentable. Throughout the home, create inviting sitting areas and intimate spaces. In the bedroom, make sure the bed is made evenly every day lumps and wrinkles in the comforter can make the whole room look messy. Put out a bottle of wine and a couple of wineglasses in the master bedroom or living room. And in the kitchen, add a bowl of fruit or a vase of flowers to the countertops to give a touch of color and freshness.

You don’t want to do too much or you’ll be heading back into clutter territory but a few little touches here and there can create a scene charming enough that no one will notice the spots you forgot to clean.

If you’re a seller who has been wondering if it might finally be time to sell this winter, email us at concierge@lizmoore.com, or click below, and we can prepare a complimentary analysis of market value for you – you just may be pleasantly surprised.

How Much is My Home Worth?

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Tags: Sellers

Newport News One City Marathon Is a Go This Blustery Weekend

Posted by Lynnette Tully on Fri, Mar 10, 2017 @ 02:49 PM

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The 3rd annual Newport News One City Marathon, featuring the Nautical Mile Fun Run presented by the Daily Press, the Maritime 8K presented by Anthem, the One City Marathon Relay, and the One City Marathon presented by Newport News Shipbuilding will be taking place on Sunday, March 12th.  

After several days of uncertainty because of potential snow in the weather forecast, Newport News One City Marathon officials announced on Friday morning that the event will go on as planned. 

The marathon and marathon relay start at 7 a.m. at Newport News Park and ends at Victory Arch at 25th Street and West Avenue in downtown Newport News.

The 8K begins at 7:30 a.m. and the Nautical Mile begins at 10 a.m. both at the Victory Arch.

The One City One Celebration event takes place from 8 a.m. to 2 p.m. on Sunday in Victory Landing Park, adjacent to the arch.

Extra precautions are being added to deal with the cold weather and related hypothermia concerns including:

  • Additional busses at the start line to keep runners warm prior to the race;
  • Schools along the route that host water stations and relay exchange zones will be open;
  • Busses stationed on the course in locations that are not near a school to serve as warming stations; and
  • Extra resources added throughout the course and at the finish line such as electric blankets, emergency blankets and disposable outer layers.

Click here for a list of road closures.

One City Marathon...just another reason why we love where we live!

 

 

Tags: Locals - 101 Reasons, Newport News

Julie Casey Helps to Raise $110,000 at Dancing with the Williamsburg Stars

Posted by Lynnette Tully on Tue, Mar 07, 2017 @ 04:13 PM

IMG_7807.jpgJulie Casey, agent in the Liz Moore Williamsburg office, competed in "Dancing with the Williamsburg Stars" on Saturday, March 4th at Phi Beta Kappa Hall on the Campus of William and Mary.

In total, this event raised $110,000 for Big Brothers Big Sisters and Literacy for Life! Thank you to everyone who supported Julie and all of the other dancer's in this year's event.

Julie was born and raised on the Eastern Shore and moved to Hampton Roads 23 years ago! She is an Associate Broker with Liz Moore & Associates and specializes in residential real estate sales in Williamsburg, Virginia. Julie is the proud Mom to son Mason, currently studying film and photography in Los Angeles, California, and daughter Cora, a sophomore and Honor Role student at Lafayette High School.

Julie is honored to be invited to participate in Williamsburg Dancing with the Stars and looks forward to raising lots of money for Big Brothers Big Sisters and Literacy for Life.

She is appreciative of the support and encouragement she has received from the Williamsburg Dancing with the Stars committee, family, friends, co-workers, and the “Real Stars”, those truly on the front line of these worthy programs who make a huge impact on the lives of so many each year!

Julie would like to thank the community for supporting these amazing organizations. She is honored to be a part of the cast this year and hopes to see you there! Your contribution is greatly appreciated!

Dancing with the Williamsburg Stars...just another reason why we love where we live!

 

Tags: Locals - 101 Reasons, Home Page, Williamsburg