The Liz Moore Market Watch Blog

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

Liz's Predictions for the 2018 Williamsburg Real Estate Market

Posted by Lynnette Tully on Tue, Feb 06, 2018 @ 02:02 PM

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2017 was a solid year for local real estate. Here in Williamsburg, closed sales finished up 2.1% for the year, with pending sales up over 8%, 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. And, I must brag a little bit on our office, we outpaced the market 5 fold last year!

We are entering 2018 with less than 4 months of active inventory, and homes selling, on average, in only 39
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 luxury market, where sellers need to be significantly more patient – there is currently 18 months of inventory priced at $750,000 and up in Greater Williamsburg.

Prices remained remarkably steady during the past 12 months, with the median sales price in Williamsburg
slightly above $300,000 for most of the year, and finishing up at $314,900.

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 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 $500,000.

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 Greater Williamsburg 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 6 home sales in greater Williamsburg in 2017, insuring our position as the #1 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 for WMLS, 23188, 23185, and 23186 residential home sales in 2017

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, Williamsburg, lizlocal, lizlocal-Williamsburg

Savoring Williamsburg's Craft Breweries

Posted by Lynnette Tully on Fri, Feb 02, 2018 @ 12:30 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 a few favorites for relaxed, beer-savoring good times with friends in Williamsburg, where the Jamestown settlers brewed as far back as 1607:

Alewerks Brewing Company
197 B Ewell Road, Williamsburg
Award-winning brewmaster Geoff Logan has operated this craft-brewing stalwart for the last decade on the site of '90s-era forerunner Williamsburg Brewing Company.

Alewerks features seven year-round beers, including only-on-tap Shorty Time IPA and Good Luck Irish Stout, as well as a long line of seasonal, specialty and limited-edition beers. And befitting its tenure, Alewerks has a prominent presence at local fairs and festivals.

Alewerks recently opened a 3,000-square-foot shop in the Williamsburg Premium Outlets serving 10 beers on tap. Alewerks also has teamed with Colonial Williamsburg to produce specialties such as Dear Old Mum Spiced Ale and Old Stitch Brown Ale from 18th-century English recipes. 

Amber Ox Public House
521 Prince George Street, Williamsburg
Founders and longtime friends Chris Cook and Andrew Voss, both restaurant and home-brewing veterans, want Williamsburg's newest brewpub (it opened in December) to maintain “the perfect balance between innovative, Southern-inspired cuisine and an extraordinary offering of regional beers, wines and spirits.”

Their chef, Troy Buckley, has devised a down-home menu deep in locally sourced products and highlighted by fried buttermilk chicken and sweet tea brined pork chops.

Amber Ox, with room to seat 180, has 18 draft handles featuring a combination of its own beers and specially selected “guest draughts.” Its full bar also serves wine and a tantalizing list of creative cocktails.

Brass Cannon Brewing
5476 Mooretown Road, Williamsburg
Phil Norfolk, Scott Kennedy and Tony Artrip founded Brass Cannon in 2012 in a cramped Toano warehouse, brewing with what they call a “Frankenrig” system of leftover industrial parts. It took a while, but Brass Cannon spread out to its state-of-the-art, 20-barrel facility, painted bright green and gold, in 2016.

Brass Cannon offers five year-round beers including Smoothbore Stout, a gold-medal winner at the 2017 Virginia Craft Beer Cup.

The brewery offers a diverse list of limited release beers, none as unusual as its fan-fave Langrage Line. It's an experimental series of small-batch brews produced by random combinations of, as the owners say, “whatever we feel like using at the time.” Langrage beers rotate often and are available only in the tap room.

Virginia Beer Company
401 2nd Street, Williamsburg
College of William & Mary grads Chris Smith and Robby Willey worked in finance before founding Virginia Beer Company in 2016. Brewmaster Jonathan Newman joined them from SweetWater Brewing in Atlanta. They run an inviting tap room and beer garden just down the road from the heart of Colonial Williamsburg.

Virginia Beer keeps a fresh draft rotation, mixing seasonal brews, its New World-style Saison and an array of cask and experimental small-batches with its four popular year-round offerings; Wrenish Rye Amber Ale, Elbow Patches Oatmeal Stout, Free Verse IPA and Saving Daylight Citrus Wheat.

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-Williamsburg

Amber Ox Brewpub Now Open in Williamsburg

Posted by Lynnette Tully on Fri, Dec 08, 2017 @ 10:38 AM

Williamsburg's newest brewpub, Amber Ox, is now open at 521 Prince George Street in Williamsburg.  

They serve farm-to-table and Southern-style cuisine with a contemporary twist, offering fare like sweet tea-brined pork chops, shrimp and grits and pimento macaroni and cheese. 

Amber Ox brews its own unique beers — like its Country Brunch Stout, Gritz pilsner and Kung Fu Kitten IPA — but also showcases Virginia and regional craft beers, ciders, liquors and all Virginia wines.

Some of our favorite clients were treated to a VIP Soft Opening of the brewpub last week and experienced all that this new spot has to offer! 

 

 

 

"When inspiration hits, sometimes it’s with a mouthwatering plate of smoked beef brisket with spicy tomato chowchow and a mug of full-bodied craft beer. At least that’s how the idea for the Amber Ox came to us. We’ve been friends for decades, working and collaborating together in the restaurant industry, and we share a passion for great food and craft beer. We saw a need for a cool, creative, casual and approachable new eating and drinking establishment in Williamsburg, and we decided to meet it." - Co-owners Chris Cook and Andrew Voss 

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-Williamsburg

Liz Moore Raises over $3,200 for Dream Catchers

Posted by Lynnette Tully on Thu, Nov 16, 2017 @ 10:42 AM

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This past weekend, Liz Moore, President of Liz Moore & Associates, participated in the Cowboys Uncorked fundraising event at the Williamsburg Winery.  Liz was thrown in the Cowboys Uncorked Jailhouse and needed to raise bail money to be released.  She raised a total of $3,240!

All money raised benefits the Dream Catchers at the Cori Sikich Therapeutic Riding Center.

Dream Catchers is a 501 (c)(3) non-profit organization whose mission is to provide life-changing equine assisted activities and therapies to children and adults with special needs.  Each year, the Center provides over 4,000 lessons to about 500 students from 4 years of age to senior citizens in their 90’s.  

Thank you to all who donated to this amazing cause!

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Tags: Newport News, Williamsburg, Richmond, lizlocal, lizlocal-Williamsburg

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

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

New Prices in River's Bend at Uncle's Neck

Posted by Lynnette Tully on Thu, Aug 10, 2017 @ 09:58 AM

Only 8 lots left! River’s Bend at Uncle’s Neck is almost SOLD OUT!  There are a few limited opportunities for you to own your own slice of spectacular waterfront in this private, wooded community.  We have 6 creekfront lots left, starting in the $200’s, and 2 lots left on the Chickahominy River at $599,500 and $649,900.  One home is under construction at $769,900.  This is a rare opportunity to own acreage as well as to be surrounded by a nature preserve, just 20 minutes outside of Williamsburg.  Whether you plan to build now or in the future, for a primary home or a weekend getaway, call now to secure your piece of paradise before it’s all gone!

 

 

 Click below to download our updated price list.  

Download the River's Bend at Uncle's Neck Price List

Tags: Rivers Bend at Uncles Neck, New Homes, Williamsburg, lizlocal-Williamsburg, land, waterfront

Neighborhood Spotlight: Braemar Creek, Williamsburg

Posted by Lynnette Tully on Wed, Jun 28, 2017 @ 12:03 PM

braemar creek sign.jpgNestled amongst 9 holes of Williamsburg National golf course, a 200 acre nature preserve, and a 21/2 acre lake, this condominium community offers a picturesque setting. Just a few minutes from Monticello Marketplace and New Town, Braemar Creek’s location boasts the best of both peaceful living and convenience.

golf view 2.jpgResidents may also take advantage of the nearby recreational trails, beaches, parks, and beautiful Jamestown Island. The community is comprised of townhouse style condominiums with innovative designs. The Woodlands collection features one and two bedroom homes while the Linkside collection offers two and three bedroom homes all with garages and some with screened porches and patios. Amenities include an amazing clubhouse with workout room, full kitchen, game area, and vaulted ceilings. A large porch overlooks the 30 x 60’ pool and tennis courts. Don’t miss the adjacent playground with picnic tables and grill.

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

Download Our Braemar Creek Neighborhood Guide

Tags: Braemar Creek, Williamsburg, Neighborhood Spotlight, lizlocal, lizlocal-Williamsburg

Mark Twain and the Magnificent Mystery House

Posted by Lynnette Tully on Tue, May 16, 2017 @ 02:24 PM

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Last week, Liz Moore & AssociatesTim Parker and Cyril Petrop hosted 65 members of the Williamsburg Symphony League and their guests for an Encore Affair to benefit the symphony.

The event was hosted at 160 John Browning in Kingsmill, a spectacular, one of a kind home overlooking Wareham’s Pond.

Mark Twain (an actual descendant of Samuel Clemons) regaled the sold out audience with tales of life and adventures on the river, while they enjoyed a wine bar and light h’ors doeuvres on the screened porch.

Rumor has it that Twain is interested in the house due to its unique architecture and perch high atop the pond, so if you’re interested in seeing it for yourself, you had better hurry!

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Tags: Locals - 101 Reasons, Kingsmill, Williamsburg, lizlocal, lizlocal-Williamsburg