The Liz Moore Market Watch Blog

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

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, relo-peninsula-local

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.

becca-tapert-391584.jpg

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, relo-peninsula-news

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!!!

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

Subscribe!

 

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

Liz Moore Agents Complete the Hampton Home Repair Blitz

Posted by Lynnette Tully on Wed, May 10, 2017 @ 03:26 PM

IMG_6531.jpgVarious organizations, including Habitat for Humanity, Hampton Redevelopment and Housing Authority, and the City of Hampton, came together on Saturday, May 6, 2017 to complete the Hampton Home Repair Blitz. Six homeowners in the North Phoebus area had homes that received exterior repairs including painting, fascia/wooden trim replacement, railing additions, storm doors, gutter work, power washing, light landscaping and more. Interior painting, minor repairs and landscaping were also done to beautify Bryan and Moton Elementary Schools. 

Our very own Patrick Pauls masterfully built an impressive wooden platform with railing to aid a homeowner who was unable to go out the back door due to a disability and deteriorating steps.  Kaera Mims was the team lead and Nadia Anac was not only a great help with her painting skills, but she brought some friends who were so helpful! 

Hampton Home Repair Blitz...just another reason why we love where we live!

 

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

Subscribe!

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

Liz's Crystal Ball for the Peninsula Housing Market

Posted by Liz Moore on Tue, Feb 14, 2017 @ 02:50 PM

crystal.jpg2016 was a solid year for local real estate. Here on the Peninsula, closed sales finished up
9.5% for the year, with pending sales up just under 10% in December, which is activity higher
than we typically see during the holidays. The New Year has started off with a bang, which I
believe is indicative of another strong year for our market.

We are entering 2017 with only slightly over 5 months of active inventory, and homes selling,
on average, in only 97 days. That is good news for sellers who are priced properly and in good
condition. The exception here is the luxury market, where sellers need to be significantly
more patient – there is currently 10 months of inventory priced at $750,000 and up.
Prices remained remarkably steady during the past 12 months, with the median sales price on
the Peninsula hovering right around $180,000 for most of the year.

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 behind us, activity levels have
definitely regained momentum.

My expectation is that there are many sellers who have been waiting for more favorable
market conditions to list – and that should begin to happen as we move toward Spring.
We saw a 30% jump in new listings in December, signaling that wise sellers recognize the
importance of beating the competition to the Spring market.

As prices begin an inevitable rise, consumers will realize that moves need to be made ASAP
in order to take advantage of a 7 year streak of historically low rates and home values. It’s
important to note that the market can shift quickly, and the pendulum is likely to continue its
swing toward lower inventory levels, creating a more competitive environment than we’ve seen
in recent years.

Interest rates will begin a slow and steady climb this year.
Interest rates began their inevitable ascent in the final quarter of 2016, and we are expecting at least 2 more increases in 2017, according to our friends in the mortgage industry. 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.

We recently got some great news for home buyers as FHA lowered mortgage insurance premiums, and Fannie Mae and Freddie Mac are now offering low down payment mortgage products (3%) in order to compete with their government counterparts. That, combined with underwriting restrictions which are finally beginning to ease, should encourage first time buyer activity that has been priced out of the market.

Prices will finally begin to show improvement in many neighborhoods.
Prices are neighborhood specific, and some areas are definitely improving faster than others. I expect the market to continue to trend toward more normal appreciation rates in 2017 and beyond.

My overall message here remains the same as last year: 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.

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 REIN Area 101-113 residential home sales in 2016.

If you’re a seller who has been wondering if it might finally be time to sell, 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?

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

Subscribe!

Tags: Home Sale Statistics & Trends, Hampton, York County, Newport News, Poquoson

Help Us Support the Hampton Christmas Store

Posted by Lynnette Tully on Tue, Nov 22, 2016 @ 02:01 PM

Hampton Store.jpgLiz Moore & Associates is helping to give back to the parents and children of the community this year by sponsoring the The Hampton Christmas Store. Hampton Pastor, "Santa" Steve Edwards, started the store a few years ago to help families in need each Christmas.

Parents can pay $3 per child and pick out $80-$100 worth of gifts from the Hampton Christmas Store. While the parents shop for their children, the children get to shop for their parents, for free.

We’re accepting new, unwrapped toys and new unwrapped adult goods (cosmetics, toiletries, picture frames, scarves, hats, gloves, candles, etc.) from now until Friday, December 15th in our Newport News Office (11801 Canon Blvd.).  

Email Peggy Todd at peggytodd@lizmoore.com if you have any questions.

Just another reason why we love where we live! 

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

Subscribe!

Tags: Hampton, Locals - 101 Reasons, Community

Latest Census Estimates Show Population Changes on Peninsula and in Williamsburg

Posted by Lynnette Tully on Mon, Jun 06, 2016 @ 02:41 PM

up-arrow.jpgThe U.S. Census Bureau released its population estimates from April 2015 - July 2015 for much of Virginia, including many of our local cities and counties.  

Williamsburg shows to be the fastest-growing community in Hampton Roads, according to the Census estimates, with an estimated 10.1% increase in residents to 15,052.  The state's average growth rate is 4.8%. 

James City County grew by 5,746 people between 2010 and 2015, according to Census data, which is up 8.5% from James City County's official 2010 census.

Hampton lost 1,056 residents between 2010 and 2015, while Poquoson lost 98 and Matthews lost 114.

Newport News, which is the largest city on the Peninsula, continues to grow and added 1,474 residents between 2010 and 2015.  York County grew by 2,646 and Gloucester by 285.

Virginia added added more than 381,000 people to its state between 2010 and 2015 - bringing the overall population estimate to around 8.3 million, which makes it the 12th largest state in the union.  

(Source: Virginia Gazette article, April 2, 2016)

If you’re a seller who has been wondering if it might finally be time to sell your home in Williamsburg or on the Peninsula, 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?

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

Subscribe!

Tags: Buyers, Sellers, Home Sale Statistics & Trends, Hampton, York County, Newport News, Poquoson, Williamsburg

The Liz Moore Summer Open House Extravaganza is Back!

Posted by Lynnette Tully on Thu, May 12, 2016 @ 12:28 PM

Calling all house hunters!  Visit a Liz Moore open house between May 14th and September 15th, 2016 and you'll be entered into a drawing to win some amazing prizes.  

LMA_open-web-banner.jpg

House hunters can register for the drawing at every Liz Moore open house.  The more you visit, the better your chances are of winning!
 
Click below for a list of open houses and to view complete contest rules.
 
Summer Open House Extravaganza Participating Properties
 
 

Tags: Buyers, Sellers, Hampton, New Kent, York County, Newport News, Poquoson, New Homes, Home Page, Williamsburg

Inventory Drops to a Five Month Supply on the Peninsula

Posted by Liz Moore on Fri, May 06, 2016 @ 03:09 PM

Pen.jpg

A steadily declining supply of inventory has led to a robust Spring market on the Virginia Peninsula (REIN MLS areas 101-112).

Click to Find Out How Much Your Home is Worth

The current market has a 5 month supply of inventory (down from 7.3 months in January), which has dropped below the balanced market of a 6 months supply, indicating a trend favoring sellers.  Pending sales are up 21% for the first quarter, as compared to the first quarter of 2015.  Liz Moore & Associates Williamsburg office celebrated a record March, and is pacing to set yet another record this month!  What does that mean for you?  It’s a great time to sell!

The first step in pricing your home right is finding a professional real estate agent who can help you do just that.  Email us at concierge@lizmoore.com or click below for a complementary market analysis on your home.

How Much is My Home Worth?

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

Tags: Buyers, Sellers, Home Sale Statistics & Trends, Hampton, York County, Newport News, Poquoson

Bluebird Gap Farm - Nestled on 60 Acres in the Heart of Hampton

Posted by Lynnette Tully on Tue, Mar 15, 2016 @ 02:49 PM

We are just days away from the start of Spring, so why not begin planning your outdoor activities now? Bluebird Gap Farm Hampton

Nestled on 60 acres in the heart of Hampton, Virginia, Bluebird Gap Farm is a family-friendly day trip that is a rare find in an urban environment.  In addition to the beloved ducks, there are 150 domestic and wild animals for your kids to interact with.  Bring your quarters, so you can get animal feed from the vending machines for a more “interactive” experience. Or you may want to plan a picnic, to enjoy the scenic wildlife and surroundings.  There is also a playground, a nature trail, and a stage for special events and activities.

Click here for more information. 

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

Subscribe!

 

Tags: Hampton, Locals - 101 Reasons

St. Patty's Open House Weekend on The Peninsula and in Williamsburg

Posted by Lynnette Tully on Mon, Mar 14, 2016 @ 10:07 AM

No matter the type of home or area you are looking for, we have something for everyone!!lma_stpats-logo-1.jpg

For those looking to get lucky with a brand new home in Williamsburg, visit our new homes parade Saturday and Sunday from 1-4pm.  Builders will be on hand at many of the homes on Sunday to answer your questions.  For a list of participating properties, download our brochure below.  

Download our New Homes Parade Brochure

Are you looking for a pot of gold on The Peninsula?  Check out our open houses in Newport News, Hampton, Yorktown and Poquoson at www.lizmoore.com/openhouses.  Register to win a $100 gift card to Park Lane Tavern at each resale open house you visit.  Click below for a list of participating properties and open house times.

View a List of Open Houses

 

Tags: Buyers, Hampton, York County, Newport News, Poquoson, New Homes, Williamsburg

Closed Sales Up 9.5% in October on the Virginia Peninsula

Posted by Lynnette Tully on Fri, Nov 20, 2015 @ 02:33 PM

The number of closed sales continues to rise on the Peninsula forecasting a strong late Fall market.  What is currently going on in the real estate market?LMA_info-nn-10-15-1.jpg

  • Months Supply of Inventory - 6.9
    Six months of inventory is considered a balanced market.  
  • Current Median Sold Price - up slightly to $174,000
     
  • % of Sold Price to List Price - 97.66%
     
  • Average Days on Market - down to 90
     
  • Closed Sales - up 9.5%

If you’re a seller who has been wondering if it might finally be time to sell, 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?

 



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

Subscribe!

Tags: Home Sale Statistics & Trends, Hampton, York County, Newport News, Poquoson

Neighborhood Spotlight: Merrimac Shores in Hampton, Virginia

Posted by Lynnette Tully on Tue, Sep 01, 2015 @ 03:13 PM

Merrimac Shores is a well established waterfront community in Hampton, Virginia with phenomenal water views, gorgeous tree-lined streets, an adjacent marina and charming homes of varied architecture including cape cod, victorian, tudor and colonial homes. Rich in history,homes for sale in Merrimac Shores Merrimac Shores is named in honor of the first Confederate ironclad, U.S.S. Merrimac, which battled the union fleet at Hampton Roads in 1862.

Homes in Merrimac Shores range in price from  $239,900 to $976,000 and are 2,088 to 4,815 square feet in size.  

The Homeowners Association is optional, and the fee is $35 per year. The marina carries an extra fee. Just minutes from downtown Hampton, Langley AFB, I-64 and the Hampton Roads Bridge Tunnel, Merrimac Shores is conveniently located to everything Hampton, Virginia has to offer.

Want to Get the Scoop on Merrimac Shores homes for sale?  Simply click below to fill out the form, designating Merrimac Shores as your selected neighborhood, and you’ll receive automatic e-mail alerts when any new listings come on the market in Merrimac Shores, or when any closings take place, so that you can monitor home values in Merrimac Shores.

Sign Me Up for Get the Neighborhood Scoop
Are you interested in hot real estate topics, tips and trends?  
Click below to subscribe to our blog
Subscribe!

Tags: Hampton, Neighborhood Spotlight

Closing Sales Up on the Virginia Peninsula

Posted by Lynnette Tully on Wed, Jun 17, 2015 @ 02:39 PM

Increases in sold prices and closings on the Peninsula are pointing toward a strong Summer market.  What is currently going on in the real estate market?

  • Months Supply of Inventory - 6.9real estate market
    Six months of inventory is considered a balanced market.  
  • Current Median Sold Price - up slightly to $168,000
     
  • % of Sold Price to List Price - 97.15%
     
  • Average Days on Market - 96.3
     
  • Closed Sales - up 3.2%

If you’re a seller who has been wondering if it might finally be time to sell, 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?

 



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

 

Subscribe!

Tags: Home Sale Statistics & Trends, Hampton, York County, Newport News, Poquoson

Hampton Bay Days Canceled

Posted by Lynnette Tully on Fri, Jun 12, 2015 @ 02:50 PM

If you have lived in Hampton Roads for any amount of time, you know that Hampton Bay Days is an end of Summer staple.  After more than 30 years running, organizers announced that this three-day event has been canceled.

Hampton Bay Days

According to the Daily Press, the group's decision comes a week after the city announced it would cut cash funding and in-kind contributions to the nonprofit group that organizes the festival in future years.

Hampton Bay Days president Chuck Leavines said the city's announcement led to sponsors and vendors pulling out of the event.

Leavines was flanked by close to two dozen supporters who stood while he spoke then left the City Council chambers after Leavines ended his comments.

                                     (photo source: Hampton Bay Days)

Bay Days was held each September and drew thousands of people downtown, attracted by the bands, fireworks, vendors and other entertainment.

This event has received numerous awards from Coastal Virginia Magazine and Veer Magazine in recent years including "best outdoor festival" in 2012.

According to the event's Facebook Page, the Hampton Bay Days Organization is still in operation and future events are still in the works.

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!

 

Subscribe!


Tags: Hampton, Locals - 101 Reasons

Summer Open House Extravaganza!

Posted by Lynnette Tully on Fri, May 29, 2015 @ 03:29 PM

open housesCalling all house hunters!  Visit a Liz Moore open house between now and July 31st, 2015 and you'll be entered into a drawing to win some amazing prizes.  Prizes include:

  • free home inspection
  • free home appraisal
  • free home warranty
  • free settlement fee
  • Lowe's gift cards
House hunters can register for the drawing at every Liz Moore open house.  The more you visit, the better your chances are of winning!
Click below for a list of open houses and to view complete contest rules.
Summer Open House Extravaganza Participating Properties

Tags: Buyers, Sellers, Hampton, York County, Newport News, Poquoson, New Homes, Home Page, Williamsburg

15 Places in Virginia That Are Amazing and Free!

Posted by Lynnette Tully on Tue, May 12, 2015 @ 02:37 PM

Summer is coming and that usually means keeping the kids, and your out-of-town guests, occupied.  OnlyInYourState.com came up with a list of 15 places to visit in Virginia that are amazing, and better yet, free!things to do in Virginia

1. Mt. Trashmore, Virginia Beach
Built on the site of an old landfill, Mt. Trashmore has turned trash into treasure with 165-acres of park space that has something for everyone. The park features picnic shelters, trails, 2 fishing lakes, a skate park, the “Kids’ Cove” playground, basketball courts and more. As a Virginia Beach City Park, it is free to the public.

2. Virginia Beachfront and Boardwalk
Who doesn’t love sand, sun and ocean? But Virginia Beach is much more than that. The beach offers year-round activities along the beachfront and boardwalk, including street performers, live music, kite festivals, sports, hot rod and classic car shows and more. The best part is that many of these events are absolutely free. Just pack a picnic and enjoy the fun.

3. Maymont, Richmond
With over 100-acres of manicured gardens, a farm, petting zoo, nature center and an historic mansion, Maymont is a Richmond treasure. Stroll the grounds, see wildlife, visit the Japanese Gardens and simply enjoy the beauty of this park. The Dooley Mansion and children’s Petting Zoo have $5 suggested donations and the nature center has a nominal fee, but the rest of this amazing park is yours to enjoy for free.

4. Edith J. Carrier Arboretum, Harrisonburg
Located on the James Madison University campus, this stunning oasis offers forested walking trails, botanic gardens and a wide variety of educataional resources. The arboretum is the only one of its on a college campus and is open to the public at no charge 365 days a year.

5. Colonial Williamsburg
Virginia’s largest living history museum is located at Colonial Williamsburg. While there are fees for some attractions, it is easy to spend a day, or days, walking through the masterfully recreated streets of Williamsburg for a look at life in colonial Virginia without spending a cent. Many reenactments, gardens and countless exhibits are open at no cost to the public.

6. Frying Pan Farm Park, Herndon
This Fairfax County park shows a beautifully preserved glimpse into farm life in the mid-1900s and is the last working farm in the county. See the blacksmith shop, smoke house and barns along with pigs, goats, cows, sheep, rabbits and horses on this real-life dairy farm. Special events include cow and goat milking, wagon rides, educational tours, interactive camps and equestrian events.

7. Bluebird Gap Farm, Hampton
In the heart of urban Hampton, Bluebird Gap Farm has over 150 species of domestic and wild animals, including farm animals, llamas, birds of prey, alpacas, tortoises and peacocks. Picnic shelters and playgrounds, along with an antique barn showcasing farm and home antiques from the past several centuries, ensure that there is truly something for everyone.

8. Virginia Creeper Trail, Abingdon
For 34 miles, the Virginia Creeper Trail takes you through some of the most beautiful landscape Virginia has to offer. The trail is considered Virginia’s premier mountain biking trail, but there are sections that will fit any skill level. Bike rentals and shuttle services are available, or bring your own bike, pack a picnic and enjoy the ride.

9. Mount Rogers National Recreation Area, Smyth County
Featuring the highest peak in Virginia at 5,729-feet, Mt Rogers National Recreation Area covers 200,000 acres and offers 500 miles of trails, beautiful forests, rock formations and herds of wild ponies. Activities include hiking, fishing, swimming, picnicking, camping, hunting, biking, bird watching and much, much more.

10. Mason Neck Wildlife Refuge, Woodbridge
Only 18 miles out of Washington D.C., the Mason Neck Wildlife Refuge on the Potomac River was the first national refuge purposed specifically for protecting bald eagles. This free refuge hosts eagles, herons, deer and many other species of wildlife on 2,227-acres of forest, marsh and Potomac shoreline.

11. Great Dismal Swamp, Suffolk
This beautiful refuge features Lake Drummond and offers over 200 species of birds and wildlife including deer, black bear, bobcats, river otters and more. Encompassing 112,000 acres, it is truly an escape into another world with trails through pristine forest and marshlands.

12. Foamhenge, Natural Bridge
An exact replica of Stonehenge made entirely from Styrofoam? I’d pay for that, but thanks to the generosity of Foamhenge artist and local artists, Mark Cline, Foamhenge is free for all to enjoy and love.

13. Luray Singing Tower, Luray
This bell tower near Luray Caverns was built in 1937 as a memorial to Colonel T.C. Northcott’s wife and is officially known as the Belle Brown Northcott Memorial. It houses a carillon of 47 bells, the largest weighing in over 7,600 lbs. You can imagine the incredible sounds these bells make – or you can hear them for yourself, free of charge, with regularly scheduled 45-minute concerts throughout the spring, summer and fall.

14. McCormick Observatory, Charlottesville
Take a closer look at the stars in the McCormick Observatory at University of Virginia. On the first and third Friday of each month, the Observatory is open to the public for tours, education and solar observation through the astronomy department’s high-powered telescopes. The events are weather dependent so call (434) 243-1885 for the Public Night Information Line.

15. Udvar-Hazy Center, Dulles
As the a companion site to the Smithsonian Air and Space Museum, the Udvar-Hazy Center is an remarkable collection of air and space artifacts. The two massive hangars contain an I-Max theater, a Concorde, the space shuttle Discovery and countless other examples of aeronautics throughout the decades. An observation tower allows you watch planes coming in out of Dulles International Airport, one of the world’s busiest hubs, ensuring that kids will love this site almost as much as the adults.

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!

 

Subscribe!

 


Tags: Hampton, Locals - 101 Reasons, Williamsburg

Are You Looking to Buy a Home in Hampton?

Posted by Lynnette Tully on Wed, May 06, 2015 @ 03:47 PM

We are excited to bring you the latest issue of the Liz Moore Hampton Homes MagazineClick the image below to flip through the magazine featuring our newest Hampton homes for sale.

Hampton homes for sale

Check out the rest of our digital magazines - Newport News HomesWilliamsburg HomesWaterfront Property, and more!  You can subscribe to one or more of our magazines, and they will be delivered FREE to your inbox once a month, dynamically uploading the latest issues.

Check Out Our Digital Magazines

  

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

 

Subscribe!

Tags: Buyers, Hampton

Is It a Sellers Market on the Virginia Peninsula?

Posted by Lynnette Tully on Tue, Apr 28, 2015 @ 02:25 PM

Months Supply of Inventory on the Virginia Peninsula is the lowest it has been in a long time!  What does this mean?

A balanced real estate market is around a 6 month supply of inventory. We are currently at 5.7 months on the Virginia Peninsula. This means that if no new houses entered the market, it would take 5.7 months for all of the homes currently for sale to go under contract.

real estate market

The challenge we are seeing right now is that a lot of the homes on the market have been passed over by buyers, either because of price or condition. Being the number of new homes coming on the market is down, there are not a lot of choices for the buyer.

When buyers don't have many choices, they are being forced into multiple offer scenarios, something we haven't seen on the Peninsula in years. 

Are you thinking about selling your home this Spring?  Now could be the time!  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?

 

 

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

Subscribe!

 

Tags: Buyers, Sellers, Home Sale Statistics & Trends, Hampton, York County, Newport News, Poquoson