The Liz Moore Market Watch Blog

Win a Pair of Tickets to Yorktown's Blues, Brews, & BBQ!

Posted by Lynnette Tully on Mon, Apr 23, 2018 @ 03:00 PM

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Win two FREE tickets to Blues, Brews, & BBQ (a $60 value)!

Liz Moore and Associates will be sponsoring the Wine Garden at this year's event at Riverwalk Landing in Yorktown and we'd love to see you there, too! Click the link below to enter and tell us why you love where you live. The winner will be drawn on May 3rd.

Enter to Win

Sample more than 25 different 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. This year’s Blues, Brews & BBQ on May 5th, 2018 promises to be the best yet! At 12:30, The Jukes will deliver an entertaining performance steeped in swing, boogie, and down-home blues. Then, at 3:30, the Michael Clark Band will take the mic to blend the Blues with a little soul, rock, jazz and fun. NEW this year – a wine garden included in admission. Tickets are $30 in advance and $35 at the door

Tags: Locals - 101 Reasons, York County, lizlocal, lizlocal-Peninsula

2018 Cupcake Wars was a Sweet Success!

Posted by Lynnette Tully on Tue, Feb 27, 2018 @ 11:40 AM

28166914_10156021617104223_4936194321738580410_n.jpgThank you to all who helped make this year's Cupcake Wars fundraiser the most successful yet!!  In just three hours we raised a total of $7,857 for CHKD and The Leukemia & Lymphoma Society.

Cupcake Wars is an annual fundraiser for Liz Moore and Associates, so be on the look out for when the 2019 date is announced!

CHKD and L&LS...just another reason why we love where we live!

Tags: Locals - 101 Reasons, Community, lizlocal, lizlocal-Richmond, lizlocal-Williamsburg, lizlocal-Peninsula

We Love Local Art!

Posted by Lynnette Tully on Thu, Feb 15, 2018 @ 10:27 AM

NN Art Reception-21.jpgAt Liz Moore & Associates, we truly love where we live!  So much so, in fact, that we commissioned local artist Bob Oller of Oller Creative Studios, to create original vector paintings of some of our favorite places!

Oller introduced his LizLocal collection a few months ago in the Newport News Liz Moore office in City Center – introducing the collection at a reception for VIP clients and Liz Moore agents.

5 paintings were unveiled to an eager audience:

Poquoson Flats
Yorktown Skies
Playing Time Lions Bridge, Newport News
Clear Skies, Air & Space Hampton
City Center Newport News

You can enjoy these works in the lobby at 11801 Canon Boulevard in Newport News, or view them online at lizmoore.com/art.  Various size glycee prints are also available via the website.

What’s next?  Stay tuned for the Williamsburg and Richmond office debuts!

For more information, visit lizmoore.com/art!
Visit lizmoore.com/art

Tags: Hampton, Locals - 101 Reasons, York County, Newport News, Poquoson, lizlocal, lizlocal-Peninsula

Peninsula Real Estate Market Predictions for 2018

Posted by Lynnette Tully on Tue, Feb 13, 2018 @ 09:54 AM

Donna Moyer, Managing Broker of our Newport News office, shares what she sees happening in the Peninsula real estate market in 2018.

2017 was a solid year for local real estate. Here on The Peninsula, closed sales finished up 3% for the year, with pending sales up over 5%, which indicates a strong start to 2018. Much like last year, we did not experience the typical holiday slowdown, which also bodes well for sales activity in the New Year, despite some early snow events in January.

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We are entering 2018 with just over 4 months of active inventory, and homes selling, on average, in only 50 days. 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 12 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 slightly above $180,000 for most of the year, and finishing up at $185,000.

Here is what I see in the coming 12 months:

Consumer confidence has been our biggest challenge in recent years, especially during the contentious presidential election. With that now behind us, activity levels have definitely regained momentum. Record activity in the stock market has also translated to increased real estate interest.

My expectation is that there are many sellers who have been waiting for more favorable market conditions to list – and that will continue to happen as we move toward 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 prices continue to climb due to the inventory shortage, consumers will realize that moves need to be made ASAP in order to take advantage of an 8 year streak of historically low rates Real Estate is Local. So are We. 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 begin 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 2018 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. The overall Peninsula market appreciated 3% in 2017, and I expect will continue to trend toward more normal appreciation rates (5 to 6%) in 2018 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 7 home sales on The Peninsula in 2017, insuring our position as a leader 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!

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, lizlocal-Peninsula

Savoring The Peninsula's Craft Breweries

Posted by Lynnette Tully on Tue, Jan 30, 2018 @ 12:58 PM

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The craft brewery boom has beer lovers everywhere hopped up, and Virginia is no exception.

The Commonwealth boasts 206 breweries, 13th most in the nation. They produced nearly 300,000 barrels of traditional and wildly innovative brews last year. That’s part of an explosion that’s seen U.S. craft breweries triple in number to more than 5,000 in just five years. Not coincidentally, 2012 is also when Virginia’s General Assembly passed Senate Bill 604 allowing breweries to sell beer and their patrons to drink it on-site. That’s translated into an amazing 486-percent increase in Virginia breweries.

Craft breweries, though, are so much more than high-ceiling warehouses cranking out lagers, stouts, porters and IPAs with cool labels and catchy names. Craft tasting rooms have become modern cultural centers, warm and welcoming community hubs - family and often dog-friendly - that are fun, vibrant boosts to their town's quality of life. Shadowed by looming stainless steel tanks where the hops, yeast and water join forces, tasting rooms thrive now as special-event venues, trivia parlors, music halls, food-truck and corn hole fests, even yoga studios.

Craft breweries and beer tourism add over $9 billion to Virginia’s economy, according to Gov. Terry McAuliffe, who calls Virginia “a premier destination for craft brewers and consumers
from all over the world.” Craft brewing is a collegial world in its own right. It thrives on the principal that all who brew are colleagues, not rivals, inspiring each other to greater creativity and beer innovation.
We’ll drink to that!

Here are just a few of our favorites for relaxed, beersavoring good times with friends on the Peninsula, where original beer-making remains on the rise:

Bull Island Brewing Company
758 Settlers Landing Road, Hampton
Owner Doug Reier has called the fire that destroyed his originally planned location during construction a in disguise. That’s because he then discovered Bull Island’s current bustling home along downtown Hampton's waterfront and moved on in.

Boasting a wide-open view of the Hampton River, Bull Island is a casual and convivial brew pub that serves light fare and five tasty flagship beers - King Street Kolsch, Waterman’s Wheat, Queens Way IPA, Laura’s Favorite Belgian Tripel and Dare Double Stout - along with a half-dozen seasonals.

As for staple events, circle Taco Tuesdays - $1.50 tacos all day - and live music Friday and Saturday.

Oozlefinch Craft Brewery
81 Patch Road, Fort Monroe
Former police officer Russel Tinsley began living his dream of beer-making in the fall of 2016 by opening Oozlefinch, which overlooks Mill Creek on historic Fort Monroe.

Oozlefinch, a mythical bird used as a U.S. Army artillery mascot, rose from an old Fort Monroe gym. It’s been transformed into a passionate place producing beers that, so says the Oozlefinch website, “pays
homage to the legends of Fort Monroe.”

But Oozlefinch also is all about being thoroughly modern and entertainingly inventive. It has made a fast name for itself with a variety of hazy IPAs and barrel sours such as Dr. Rendezvous, its winebarrel aged Sour Imperial Saison. Other unique, and cheeky, recipes include the Rare Bird Coffee Cream Ale, Cows at Large Imperial Milk Chocolate Stout and Lady in White Hefeweizen. The latter earned a silver medal last year from the Virginia Craft Brewers Guild.

Tradition Brewing Company
700 Thimble Shoals Boulevard, Newport News

Tradition has been a Newport News tradition since, well, June of 2016. That’s when five partners, including brewmaster Dan Powell, teamed up to found the brewery in an Oyster Point warehouse.

Its 20-barrel system pumps out nearly two dozen signature and seasonal beers. Hull 488 IPA, Red Willie Irish Red, Mothership Cream Ale and Sounder American Pale Ale are the ones that are available year-round.

Regular highlights of the Tradition calendar are Monday Industrial Nights, when restaurant and other food and beverage workers get tasting-room discounts just by showing a pay stub, and the Burn and Brew Group Run. Participants gather at Tradition for an early evening three-mile run/walk around City Center before repairing to the Tradition tap room for a wellearned post-workout brew.

Interested in finding more things to do in and around the Historic Triangle? Subscribe here to our blog as we post ideas frequently.  You also can purchase a copy of Liz’s recently published book, 101 Reasons to Love Living in the Historic Triangle, in either paperback or e-book version by clicking the button below.

Purchase "101 Reasons to Love Living in the Historic Triangle"

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Tags: Locals - 101 Reasons, lizlocal, lizlocal-Peninsula

What's New in the Market?

Posted by Lynnette Tully on Fri, Oct 13, 2017 @ 11:15 AM

We are seeing a lot of encouraging statistics coming out of our three markets!

An increase in homes sold on the Peninsula:

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An increase in median sales price in Williamsburg:

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And a drop in days on market in Richmond:

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It's a great time to buy and sell!  If you are thinking about making a move, email us at info@lizmoore.com and we'll be happy to put you in touch with an agent who specializes in your area. 

Tags: Buyers, Sellers, Richmond, lizlocal, lizlocal-Richmond, lizlocal-Williamsburg, lizlocal-Peninsula

Boathouse Live Coming to City Center in Newport News

Posted by Lynnette Tully on Wed, Oct 04, 2017 @ 10:46 AM

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If you are like many music loving locals, you spent a lot of time at the Boathouse in Norfolk and were the first to see many bands before they "made it big".  The Boathouse canceled shows in 2003 after damage from Hurricane Isabel, later forcing them to close for good, and the warehouse-like music venue has been missed ever since.

Now, Sean Pepe — one of the people behind Hampton restaurants Barking Dog and El Diablo and Newport News’ Kismet Bistro — will pay homage to the Norfolk icon by opening a venue called Boathouse Live at City Center, Mayor McKinley Price announced Tuesday during his State of the City address.

The venue would be filling a space that has been vacant since 2015, when it was last occupied by Toby Keith’s I Love This Bar and Grill. It would also fill one of several vacancies on Mariners Row in City Center.

Price described the future venue as “a dynamic atmosphere for artists and audiences alike.”

The venue should be done by the end of November, and a band called The Jauntee is scheduled to play there on Dec. 1. Hailing from Boston, the band’s website describes its sound as “Funk/Rock/Jazz/Progressive/Bluegrass/Psychedelic and Ambient.”

One thing is for sure, this is big news for the Virginia Peninsula!

Interested in finding more things to do in and around the Historic Triangle? Subscribe here to our blog as we post ideas frequently.  You also can purchase a copy of Liz’s recently published book, 101 Reasons to Love Living in the Historic Triangle, in either paperback or e-book version by clicking the button below.

Purchase "101 Reasons to Love Living in the Historic Triangle"

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Tags: Locals - 101 Reasons, Newport News, lizlocal, lizlocal-Peninsula

Peninsula Breweries Celebrate Virginia Craft Beer Month

Posted by Lynnette Tully on Wed, Aug 16, 2017 @ 11:40 AM

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August is Virginia Craft Beer Month, and many Peninsula-area breweries are celebrating all month long!

Virginia Beer Company owner Robby Willey said his brewery has a “slew of new beer releases, events and specials going on all month long.” The special events will culminate in the release of VBC’s fall seasonal cans Sept. 2.

The brewery is releasing multiple beers this month, including the return, and canning of, Green View IPA.

Instead of hosting weekly special events, Oozlefinch Craft Brewery is releasing a new firkin every Friday in August.  Oozlefinch, located at 81 Patch Road on Fort Monroe, will host a customer appreciation day Aug. 27. Customers can wear any gear (hats, shirts, etc.) from any Virginia independent craft brewery to qualify for discounts.

Tradition Brewing Company is hosting several events and tapping specialty, limited-edition beers throughout the month.

The Newport News brewery, located at 700 Thimble Shoals Blvd., will offer Randall candy infused pints on Thursdays.

Brass Cannon Brewing, located at 5476 Mooretown Road in the Williamsburg area, canned a limited amount of the Muzzle Flash American Amber. It also released a Vanilla Coffee Blonde Ale earlier this month. The brewery will host a beer pairing dinner 6-9 p.m. Aug. 27 with Poor Boys Burger food truck.

Hampton’s Bull Island Brewing Company, located at 758 Settlers Landing Road, released its first pilsner, Bubba Boots Pilsner, as well as Two Finns Belgian Strong Ale.  Bull Island Brewing Company will have specialty firkins during the month.

Several of AleWerks beer month contributions have taken place outside the tasting room, with mini-tap takeovers and other events in the state. The brewery is doing Randall infusion releases on Thursdays in its tasting room at 189 B Ewell Road in the Williamsburg area in addition to its regular lineup of events.

Interested in finding more things to do in and around the Historic Triangle? Subscribe here to our blog as we post ideas frequently.  You also can purchase a copy of Liz’s recently published book, 101 Reasons to Love Living in the Historic Triangle, in either paperback or e-book version by clicking the button below.

Purchase "101 Reasons to Love Living in the Historic Triangle"

Are you interested in hot real estate topics, tips and trends?  
Click below to subscribe to our blog!

 

 

Tags: 101, event, lizlocal-Williamsburg, event-Peninsula, lizlocal-Peninsula

The Best Brunch Spots In Virginia - Richmond and Hampton Made the List!

Posted by Lynnette Tully on Mon, Jul 24, 2017 @ 02:53 PM

Pavilion_cafe_breakfast.jpgVirginia.org recently published a list of the 13 best brunch spots in Virginia.  The list contains spots known for quality food, service, atmosphere...and maybe most importantly, quality cocktails!  Restaurants from Northern Virginia down to Virginia Beach are known to be crowd pleasers, and a few are even located in our backyard!

Venture Kitchen & Bar—Hampton

Sunday 10am-2pm

At Venture Kitchen & Bar, brunch is serious business. Not only does the restaurant have a regular brunch menu that is reliably tasty, but they also have a rotating menu that changes every week so that you can try something new. When it comes to Sunday brunch cocktails, you’ll find some “old faithfuls” like mimosas, but there are many intriguing options as well, like the French 75 and the Queen’s Cousin.

Local Favorites: Fried Eggs Benedict, Orange Blossom Cocktail, Corned Beef Hash

Millie’s Diner—Richmond

Saturday 10am-3pm, Sunday 9am-3pm

This popular Richmond spot has been around for over 25 years, but their tasty brunch menu never gets old. On Saturday and Sunday mornings, Richmond residents flock to Millie’s Diner for one of the best brunches in the city. Although the wait can sometimes be over an hour to get in, the food is more than worth it. Plus, the bartender will fix you up with mimosas or Bloody Marys that will make the time seem to fly by.

Local Favorites: Devil’s Mess, Huevos Rancheros

The Jefferson Hotel—Richmond

Sunday 10:30am-1:30pm

If you’re planning on eating brunch at The Jefferson Hotel, make sure you are ready to “tuck in”, as they say. Sunday Champagne Brunch at this historic Richmond location has seemingly endless tables of some of the finest food imaginable, including a platter of smoked salmon and a full seafood raw bar, an impressive ham carved to order, an omelet station manned by several chefs, a lavish dessert display, and so much more (Including bottomless mimosas and coffee!). We could go on and on about this brunch, but you need to experience it yourself to understand why every Richmonder will recommend The Jefferson as a must-visit brunch destination.

 Local Favorites: Raw Seafood Bar, Omelet Station

Next time you find yourself asking, "where should we eat brunch", consider one of these local favorites!

Great restaurants...just another reason why we Love Where We Live!!!

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Tags: Hampton, Locals - 101 Reasons, Richmond, lizlocal, Peninsula, lizlocal-Richmond, lizlocal-Peninsula

Neighborhood Spotlight: Kiln Creek, Newport News & York County

Posted by Lynnette Tully on Fri, Jul 07, 2017 @ 02:59 PM

kiln creek sign-1.jpgKiln Creek is a marvelous cluster of thirty-one complementary neighborhoods stretching from Jefferson Avenue in Newport News into York County along Victory Boulevard. Homes range from one-bedroom condominiums to single family homes in excess of 3,000 square feet.

All are situated in the context of natural beauty and ample amenities: four miles of walking trail, an 18-hole golf course with pro shop, restaurant/grill, conference rooms, a hotel, saltwater swimming pool, tennis courts, a lake view.jpgclubhouse, recreation center, and fitness center. On the York County side of the neighborhood, there are more tennis courts, a community pool, and an adjacent public park. The neighborhood is meticulously maintained.

Living in Kiln Creek, you’ll be within minutes of three major shopping centers, the Newport News- Williamsburg airport, historic Yorktown, Fort Eustis, Langley AFB, Cheatham Annex, USCG Training Center, Williamsburg and most other points on the Peninsula.

For more information, click here to download our Kiln Creek neighborhood guide.

Download Our Kiln Creek Neighborhood Guide 

Tags: York County, Newport News, Kiln Creek, Neighborhood Spotlight, lizlocal, Peninsula, lizlocal-Peninsula