The Liz Moore Market Watch Blog

New Construction in the Heart of Hanover

Posted by Lynnette Tully on Mon, Jul 30, 2018 @ 03:37 PM

Madison Estates

Liz Moore & Associates is delighted to announce that it has been selected by NK Homes  as the exclusive marketing agency for Madison Estates in Hanover. Team Hensley will be the exclusive sales team representing the community.

Madison Estates is a luxury development consisting of 1-2 acre, open lots. An equestrian lover’s delight, a custom stable is situated in the center of the development. Located nearby are horseback riding and walking trails and large community spaces. Neighbors enjoy seclusion, yet they are only minutes from Richmond.         

Madison Estates is in its final phase with only 10 homesites remaining. “When you buy in Madison Estates, you’re not only buying a great piece of land, you’re buying great peace of mind and serenity. You can’t put a price tag on that,” says Catie Burnett, New Homes Coordinator for Liz Moore and Associates. “With their upscale style and elegant craftsmanship, NK Homes has really captured the heart of Hanover in this community. It’s truly a rare opportunity.”

Learn more about this special new community at www.lizmoore.com/madisonestates.  For more information about Madison Estates or to arrange a visit, contact Jana Mills at 804-909-9570 or email janamills@lizmoore.com  for a brochure.

Tags: New Homes, Richmond, lizlocal-Richmond, Hanover

Vote for Perkinson Homes!

Posted by Lynnette Tully on Tue, Jul 24, 2018 @ 11:17 AM

Vote for our builder clients, Perkinson Homes, in the Richmond Times Dispatch's The Best of Richmond contest! Vote today and everyday through August 5, 2018 at www.voteforperk.com.

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Perkinson Homes, Inc. was founded in Richmond, Virginia in 2008 by Brian R. Perkinson. Brian is a 3rd generation home-builder, following in the footsteps of his grandfather and father. He holds a degree in Wood Science/ Forest Products from the Virginia Tech School of Natural Resources. 

For more information on Perkinson Homes, download the Meet the Builder story below.

Perkinson Homes - Meet the Builder

Tags: New Homes, Richmond

Flowers After Five: Lewis Ginter Botanical Gardens

Posted by Lynnette Tully on Thu, May 31, 2018 @ 03:59 PM

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Relax on Thursday evenings throughout the summer at Flowers After 5 at the Lewis Ginter Botanical Gardens in Richmond. Stroll through the gardens; enjoy live music, wine, and beer, dining, and shopping.

Please note: No outside food and drink are allowed inside the Garden; food and drink are available for purchase. See menu (PDF). . Guests are encouraged to bring lawn chairs and blankets. Some chairs and tables are available, but they are available on a first-come, first-served basis.

For more information, visit http://www.lewisginter.org/event/flowers-after-5/all/ .

Tags: Richmond, event, event-Richmond, relo-richmond-local

Richmond Real Estate Market Predictions for 2018

Posted by Lynnette Tully on Tue, Feb 20, 2018 @ 03:25 PM

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Tonya Morrow, Managing Broker of our Richmond office, shares what she sees happening in the Richmond real estate market in 2018.

2017 was a solid year for local real estate. Here in Richmond, closed sales finished up 8.13% 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.

We are entering 2018 with just over 1.5 months of active inventory, and homes selling, on average, in only 37 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.

Prices showed a steady increase during the past 12 months, with the average sales price in Richmond finishing up at $282,257.

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 Richmond market appreciated just over 6% in 2017, and I expect that trend to continue into 2018.

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 be a part of the Richmond Real Estate 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 REStats CVRMLS, Richmond Metro all 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, Richmond, lizlocal, lizlocal-Richmond, relo-richmond-news

Introducing Brooke Barnard, a Liz Moore Rainmaker!

Posted by Lynnette Tully on Wed, Feb 14, 2018 @ 10:07 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 Brooke Barnard, a Liz Moore Rainmaker!

 

Tags: Richmond, careers

Introducing Rick Cox, a Liz Moore Rainmaker!

Posted by Lynnette Tully on Mon, Jan 29, 2018 @ 09:57 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 Rick Cox, a Liz Moore Rainmaker!

Tags: Richmond, careers

Savoring Richmond's Craft Breweries

Posted by Lynnette Tully on Tue, Jan 09, 2018 @ 03:33 PM

beer.jpgThe 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 in and around Richmond, a nationally acclaimed hotbed of craft breweries:

Center of the Universe Brewing Co.
11293 Air Park Road, Ashland
COTU recently celebrated five years of brewing in the heart of central Virginia. Founded by brothers Phillip and Chris Ray – Chris pitched in the major leagues for six seasons – the brewery features four year-round brews: Ray Ray’s Pale Ale, Chin Music Amber Lager, Pocahoptas IPA and Slingshot Kolsch. Enthusiastic former home brewers, the Rays use traditional, all-natural methods to brew their ales with whole ingredients. They’ve created a comfortable and friendly tasting room - food can be brought in or ordered for delivery - with plenty of space and two dozen options on tap.

Speaking of plentiful, COTU frequently holds Plant Nite, where horticulturally inclined patrons can get their gardener on while sampling the fruits of the Rays’ labor.

Hardywood Park Craft Brewery
2408-2410 Ownby Lane, Richmond
It’s true destiny that childhood friends Eric McKay and Patrick Murtaugh teamed to open Hardywood Park in
2011. McKay worked in the craft beer industry for years, becoming a recognized expert, and Murtaugh comes from three generations of brewmasters. They named their own brewery after an Australian sheep ranch familiar to them both. Business is definitely hearty: Hardywood has expanded to Charlottesville and is set to open a brand-new brewing facility in Goochland in 2018.

The owners’ expertise has produced one of Virginia's top rated and most awarded breweries. Hardywood complements its flagship Singel, Pils and VIPA with a staggering number of seasonal, barrel, pilots and “brewer
and artist series” offerings.

Stone Brewing Richmond
4300 Williamsburg Avenue, Richmond
Craft-beer aficionados know that Stone rocks. Competition was fierce among cities a few years ago for California-based Stone’s East Coast brewery and distribution center. Richmond’s sky-rocketing craft-brew scene won out.

The evidence is Stone’s striking 220,000 square-foot brewery and company store, part of the Fulton neighborhood's revival. Stone also has plans in the work to build an RVA version of its Southern California World
Bistro and Gardens next door.

IPAs are Stone’s trademark game. It brews six different varieties for year-round enjoyment as well as an impressive menu of seasonals, special releases and collaborations.

Brewery tours are popular, but just relaxing in the comfortable, picnic-table filled tasting room fronted by a
family-friendly patio is fun, too. Pay attention getting to Stone, though: there is no outdoor signage, so it’s easy to drive past the parking-lot entrance.

Veil Brewing Company
1301 Roseneath Road, Richmond
Despite operating only 1½ years, Veil fans rave that their favorite place is among the best and busiest craft
breweries on the East Coast. Located in the Scott’s Addition neighborhood, the cushy tasting room is already famous for a cool vibe and very welcoming service. Veil draws high marks for all facets of its operation, not the least of which is a pair of its most delicious flagships - Master Shredder, a wheat IPA, and double IPA Crucial Taunt.

Co-owned by brewer Matt Tarpey, Veil in fact was named the third-best new brewery – in the world! – by
RateBeer.com. Make a note to yourself: Must. Visit. Veil.

Interested in finding more things to do in and around Richmond? 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 Richmond, in either paperback or e-book version by clicking the button below.

Purchase "101 Reasons to Love Living in Richmond"

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Tags: Locals - 101 Reasons, Richmond, lizlocal, lizlocal-Richmond, relo-richmond-local

Introducing Annemarie Hensley, a Liz Moore Rainmaker!

Posted by Lynnette Tully on Mon, Dec 18, 2017 @ 11:05 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 Annemarie Hensley, a Liz Moore Rainmaker!

  

Tags: Richmond, careers

Our Latest Book is Now Available: "101 Reasons to Love Living in Richmond"

Posted by Lynnette Tully on Fri, Dec 01, 2017 @ 04:30 PM

cover-2-1.jpgAs you might imagine, at Liz Moore & Associates we are enthusiastic advocates of living in Richmond and its surrounding communities.  We have the best of all worlds:  four distinct seasons with just enough snow in the winter to have fun; long, lazy summers, and SPECTACULAR springs and falls.  We have great schools, plenty of history and culture, and are convenient to just about everything…the beach, the mountains, Washington DC, and much more.

Who knows the insider secrets of this dynamic area better than the best REALTORS in town?  We’ve compiled 101 of our favorite things about living Richmond and are excited to announce the release of our latest book, 101 Reasons to Love Living in Richmond.

The hard part of writing this book was to narrow it down to 101 reasons to love living here.  It would be impossible to include everything, and so we tried to stick to our favorite things.  I’ve we’ve missed something, please don’t hesitate to email us at RVA@lizmoore.com, and we’ll consider adding it to the next edition. 

You can download the electronic version for free, or purchase a hard copy for $5, at lizmoore.com/101.

Now, grab a highlighter, and pick out some fun things to do this weekend!

Purchase "101 Reasons to Love Living in Richmond"

Tags: Locals - 101 Reasons, Richmond, lizlocal, lizlocal-Richmond, relo-richmond-local

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!

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

 

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