The Liz Moore Market Watch Blog

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

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

Newport News Park - One of the Largest Parks in America

Posted by Lynnette Tully on Tue, Nov 10, 2015 @ 03:23 PM

There are many parks in the area, but the crown jewel is definitely Newport News Park.  One of the largest municipal parks in America, our park is 8,000 acres of beautiful natural wildlife and fun!  Great camping, boating, and fishing in two large freshwater lakes.Newport News Park

For history lovers, Newport News Park is a designated stop on the official Virginia Civil War Trail with some of the best fortifications and redoubts in Virginia.

30 miles of hiking and biking trails, dozens of picnic shelters, a 30 acre aero-model flying field, Deer Run golf course, a Discovery and Nature Center, a disc golf course, and home to the Fall Festival, a favorite family expedition in October.           

For more information on what Newport News Park has to offer, visit http://www.nnparks.com/parks_nn.php.

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: Locals - 101 Reasons, Newport News

Port Warwick, Newport News - An Award-Winning, Mixed-Use Community

Posted by Lynnette Tully on Mon, Aug 10, 2015 @ 10:00 AM

Port Warwick is an award-winning, mixed-use community, located off Jefferson Avenue in Newport News, Virginiahomes for sale in Port Warwick

Created and developed by Bobby Freeman, president of Tower Park Corporation, Port Warwick was conceived to be the urban core residential community of the city’s new mid town central business district. At the center of the Port Warwick community lays Styron Square, a three acre green space designed after the great squares of London. It was named after the Newport News native and Pulitzer prize-winning author, William Styron. Surrounding the Square is a vibrant retail and business district featuring over 40 locally owned specialty shops, exclusive restaurants, numerous general businesses and medical buildings. Not to mention, over 1,500 people call Port Warwick home, living in houses, townhouses, live-above homes, apartments and condominiums on or near Styron Square.

Port Warwick homes for saleIn addition to shopping and dining in the community, the Port Warwick Conservancy, the property owners association, and the Port Warwick Foundation, sponsor a series of events and activities in Styron Square from a weeklysummer outdoor concert series to an annual arts and sculpture festival.

Built from 2004 - 2005, homes in Port Warwick range in price from $219,900 - $390,000 and in size from 1,565 sqft to 2,819 sqft. 

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

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: Newport News, 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

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

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

Inventory Levels Are Dropping on the Virginia Peninsula

Posted by Lynnette Tully on Mon, Mar 23, 2015 @ 02:15 PM

Shrinking inventory on the Peninsula is pointing toward a strong Spring selling season.  What is currently going on in the real estate market?Peninsula real estate market

  • Months Supply of Inventory - 7.0
    Six months of inventory is considered a balanced market.  
  • Current Median Sold Price - $161,000
     
  • % of Sold Price to List Price - 97.5%
     
  • Average Days on Market - 95.2
     
  • Closed Sales - up 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

The Peninsula Real Estate Market is Holding Steady to Begin 2015

Posted by Lynnette Tully on Fri, Feb 27, 2015 @ 02:32 PM

The numbers are in for the month of January, and the real estate trends are showing a steady start to 2015 for the Virginia Peninsula real estate market.Peninsula real estate market

  • Months Supply of Inventory - 7.6
    Six months of inventory is considered a balanced market.  
  • Current Median Sold Price - $161,000
     
  • % of Sold Price to List Price - 97.6%
     
  • Average Days on Market - 99
     
  • Closed Sales - up 1.5%

 

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

Hampton Roads Restaurants and Inns Make Virginia.org's Luxury List

Posted by Lynnette Tully on Wed, Feb 18, 2015 @ 03:15 PM

Virginia.org recently compiled "A Luxury List: 25 Places To Stay And Eat In 2015" and a few Hampton Roads locations made the cut! 

Included in "Luxury Stays":

The Williamsburg Inn - Regarded among the world's great hotels, the Williamsburg Inn in Williamsburg, Va., is the crown jewel of Colonial Williamsburg's Resort Collection. For many, it is a destination in itself. Fine dining, an outdoor pool, clay tennis courts, award-winning golf and The Spa of Colonial Williamsburg, featuring a full menu of services with historicalHampton Roads luxury roots spanning five centuries, are among the amenities of this world-class resort. Enjoy afternoon tea or try your hand at lawn bowling or croquet. The Williamsburg Inn hotel is decorated in elegant English Regency style. Renovated in 2001, the Inn offers 62 rooms and suites.

Wedmore Place at the Williamsburg Winery - Situated near the 1607 settlement of Jamestown Island and minutes from Historical Colonial Williamsburg, Wedmore Place is an area of history, art, and culture. Imagine arriving at an old European estate and settling yourself in one of 28 individually designed rooms and suites that are themed in the style of a different European wine province-not only in the selection of colors and furnishings, but also in the wall hangings and decoration. All guests will enjoy a sumptuous retreat with period antiques, European bedding and luxurious linens. All rooms have a fireplace, individual floor designs from Spanish tiles to walnut parquet, 10’ ceilings and king size beds. HD TVs, telephones and wireless Internet service provide the link to the modern world. All rooms and bathrooms have a view of the vineyards, the surrounding woods and meadowlands.

Kingsmill Resort - Kingsmill Resort boasts 54 holes of championship golf. Located on 2,900 acres along the historic James River, the resort features 425 guest rooms and one-, two- and three-bedroom suites, the full-service Spa at Kingsmill, a 15-court Tennis Center, a full-service marina, five restaurants and lounges, and a sports club. Kingsmill Resort is one of the Xanterra Parks & Resorts properties and a member of the Preferred Hotels & Resorts Worldwide, a global association of the world's finest independent luxury hotels.

Included in "Notable Dining":

Circa 1918 in Newport News - Circa 1918 Kitchen + Bar, serving the best in creative American cuisine in Coastal Virginia. Enjoy creative American cuisine from Executive Chef/Owner Chad Martin & his culinary team in the heart of Historic Hilton Village in Newport News!

Fat Canary in Williamsburg - The most profound memories and lessons of life are often shared over a meal. In our family it begins in the kitchen, where you'll find family and friends cooking, telling stories, and reconnecting with a glass of wine in hand. These have been our moveable feasts, our most memorable occasions, when the fruits of our labor are enjoyed all the more as a result of the joy and cooperation that went into them. We invite you to our table at Fat Canary to create your own memories.

The Cellars in Virginia BeachWhere in the mainstream of today's high tech world do diners have the opportunity to be served in the cellar of an authentic 1860's farmhouse? A landmark, superior of its kind, The Cellars of Church Point Manor is tucked away in a serene, upscale Virginia Beach neighborhood and successfully blends high quality elegance with leisurely well-savored fare.

The Cellars' unique style and ambience offer a window to another place and another time. Relish in the allure of exposed brick, low ceilings and multiple fireplaces; A nationally recognized romantic tempo prevails.
The Cellars' diversified menu is best defined as French Country with a Southern flare, using only the finest quality standards and the freshest local ingredients. Guests are sure to enjoy a culinary experience that will linger long after the meal has ended.

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: Locals - 101 Reasons, Newport News, Williamsburg

Predictions for the 2015 Real Estate Market on the Virginia Peninsula

Posted by Lynnette Tully on Mon, Jan 26, 2015 @ 03:40 PM

By Donna Moyer, Newport News Office Managing Broker

2014 was an interesting year in local real estate.  After a strong bounce back year in 2013, this past year was relatively flat for much of the year after a slow start in January.  As we predicted last year, the market performance was not surprising, given an economy that continues to struggle, taking a step forward followed by a few steps back. peninsula real estate market

Here on the Peninsula, closed sales finished up about 1% higher than last year.  Closings were pacing a 12% increase coming into the fall, but last quarter slowed down which caused the year to finish up pretty flat.  The good news is that the average sold price was actually up just slightly to $217,000.  Activity was also up in November and December – higher than we typically see during the holiday season.  I believe that bodes well for kicking off the New Year with a strong start for closings.

The market is still definitely favoring sellers who are positioned properly – those who are aggressively priced and in move in condition are selling in less than 3 months on average.  There is currently slightly over 7 months of inventory available on the Peninsula, which underscores the importance of being sensitive to the competition – both in terms of price and condition.  This is particularly true in the luxury market, where market time is always longer.

Here is what I see in the coming 12 months:

Consumer confidence continues to be our biggest challenge as the economy struggles to regain momentum.  Activity levels over the past few months suggest that there is definitely a pent up demand on the buyer side.  My expectation is that there is also a segment of sellers who have been waiting for more favorable market conditions to list – and that should begin to happen as we move toward Spring.  We are already seeing heightened listing activity in January.

As prices begin the inevitable rise, consumers will realize that moves need to be made ASAP in order to take advantage of a 6 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.

However, pending economic factors such as the proposed reduction of 4200 troops at Fort Eustis and current world events could definitely throw a kink in a market rebound, and remain the wild card in the forecast.  Weather can also be an issue, and a snowy or Icy winter can hold a lid on the sales start to the year.

Interest rates are a big question mark this year.  Interest rates are crazy low again, with a 30 year conventional fixed rate a full percentage point below the same time last year.  Our friends in the mortgage industry have different takes on the likelihood of a rate hike in 2015:  some predict an increase for the 3rd quarter of this year, subject of course to a continuing improvement in the economy.  Others feel that they will remain low for at least another year. 

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 was priced out of the market last year.

Prices will finally begin to show improvement in many neighborhoods.  Prices are neighborhood specific, and some areas are definitely improving faster than others resulting in less than an 8% overall increase in average sales price.  I expect the market to continue to trend toward more normal appreciation rates in 2015.

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.

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!

 

 

*All stats based on Broker Metrics for REIN, MLS areas 101-112 residential home sales in 2014

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

Steady Home Sales to End 2014 on the Virginia Peninsula

Posted by Lynnette Tully on Mon, Dec 22, 2014 @ 10:22 AM

The numbers are in for the month of November, and the real estate trends are showing a steady sales market on the Peninsula to close out 2014.Virginia Peninsula real estate market

  • Months Supply of Inventory - 7.4
    Six months of inventory is considered a balanced market.  
  • Current Median Sold Price - up slightly to $163,000
     
  • % of Sold Price to List Price - 97.6%
     
  • Average Days on Market - 98.5
     
  • Closed Sales - up 1%

 

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

Peninsula Real Estate Market Holds Steady

Posted by Lynnette Tully on Wed, Nov 19, 2014 @ 04:22 PM

The numbers are in for the month of October, and the real estate trends are showing a steady forecast for the holiday selling season on the Virginia Peninsula.Virginia Peninsula real estate market

  • Months Supply of Inventory - 7.3
    Six months of inventory is considered a balanced market.  
  • Current Median Sold Price - up slightly to $162,000
     
  • % of Sold Price to List Price - 97.6%
     
  • Average Days on Market - 98.3
     
  • Closed Sales - up 3%

 

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

Trick-or-Treating in Hampton Roads, Virginia

Posted by Lynnette Tully on Fri, Oct 24, 2014 @ 04:03 PM

With Halloween just one week away, you are probably putting the finishing touches on costumes, buying candy, and marking your calendar for the neighborhood trick-or-treat event. Below are the trick-or-treat times for Hampton Roads cities:

trick or treat in Hampton Roads

Hampton: Dusk until 8 p.m.

Newport News: Dusk until 8 p.m.

Yorktown: 6 p.m. until 8 p.m.

Williamsburg: 6 p.m. until 8 p.m.

Portsmouth: Dusk until 8 p.m.

Suffolk: Ends at 8 p.m.

Virginia Beach: Dusk until 8 p.m.

Chesapeake: 5 p.m. until 8 p.m.

In addition to neighborhood trick-or-treating, there are several other Halloween events taking place around the area.

Trick or Treat at Bass Pro Shops 
Address: Bass Pro Shops, 1972 Power Plant Pkwy, Hampton
Time: 4-8pm
Activity: Trick or Treating for kids 12 and under.  Costume parade at 6pm. 

Trick or Treat at Patrick Henry Mall
Address: Patrick Henry Mall 12300 Jefferson Avenue Newport News
Time: 6-8pm
Activity: Trick or treating at the mall, no masks please. 

And for the older ghosts and ghouls, check out Howl-O-Scream at Busch Gardens in Williamsburg. This event offers chills and thrills to guests brave enough to venture into this park. Stroll through Wendigo Woods, attend a darkly entertaining show like Monster Stomp, or explore six haunted houses waiting for those daring enough to enter the park after dark.

Please note, at 6 p.m. Busch Gardens becomes a seriously scary place and may not be suitable for little ones. Please use discretion when bringing children into the park at this time. Howl-O-Scream is open weekends through Oct. 26.

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, York County, Newport News, Williamsburg

Hilton Village - The Nation's First Federal War-Housing Project

Posted by Lynnette Tully on Thu, Sep 25, 2014 @ 03:44 PM

The nation's first federal war-housing project, Hilton Village in Newport News, Virginia is a planned community that was sponsored by the US Shipping Board and the Newport News Shipyard and sold to private homeowners after WWI. Street names in this 100 acre-tract, containing English village-type houses, honor government and shipyard officials.homes for sale in Hilton

Single family homes are mixed with duplex homes in this charming neighborhood.  Hilton Village's central shopping area is filled with antique stores, unique restaurants, a theater and other quaint shops.  At the end of Main Street you can find Hilton Elementary, one of the area's most sought after schools.  Directly behind Hilton Elementary is a playground, pier and the James River.

The Hilton Fall Festival, 4th of July Parade and the weekly Farmer's Market are just a few of the things make Hilton Village a great community. 

Homes in Hilton Village range in price from $110,000 - $349,900, and in size from 1,104 - 2,063 square feet.  

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

 

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: Newport News, Neighborhood Spotlight

Peninsula Real Estate Market Holds Steady Going into Fall

Posted by Lynnette Tully on Thu, Aug 28, 2014 @ 10:15 AM

Peninsula real estate market

As we move into the Fall, the trends continue to be very positive for the Virginia Peninsula real estate market!

  • Months Supply of Inventory - 5.9
    Six months of inventory is considered a balanced market.  This lower inventory statistic indicates a busy seller's market.  
  • Current Median Sold Price - $177,888
    This number is up 1% over last July.
     
  • % of Sold Price to List Price - 97.12%
     
  • Average Days on Market - dropped to 91 days
     
  • Closed Sales - down 1%

 

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

Virginia Among the Top Ten States with the Most Farmers Markets

Posted by Lynnette Tully on Fri, Aug 15, 2014 @ 12:00 PM

According to a recent article in the Daily Press, farmers markets are alive and well in Virginia, which was cited as a top ten state for the number of markets available in a new United States Department of Agriculture report.farmers markets in Virginia

With 249 markets listed, the Commonwealth comes in at No. 9, with California (764 markets), New York (638 markets) and Michigan (339 markets) rounding out the top three states with the most farmers markets.

Elaine Lidholm, a spokeswoman for the Virginia Department of Agriculture and Consumer Services said she thinks the diversity of products grown around the state is one reason markets are prosperous in Virginia.

"Many states hang their agriculture industry on one or two products, say potatoes in Iowa or corn in Nebraska," she said. "We have fruits, nuts, peanuts, beef, pork, poultry, dairy, vegetables, eggs, seafood, sweet corn as well as corn for grain to feed animals, you name it. Many times our farmers' market growers are really diversified with heirloom tomatoes, eggs from heritage chickens or turkeys, vintage apples and other products. Virginia is diversified in terms of climate, topography, soil types and growing conditions so we can produce a wide variety of crops — think peanuts in the sandy soil and warm temperatures of Tidewater versus the rocky soil and cool weather of the mountains in the southwest where cattle thrive and cold weather crops do well."

Based on listings of markets on the VirginiaGrown.com website, central and northern Virginia seems to have the largest concentration of markets in the state; there are 10 markets listed in the Tidewater area.

It's not just the number of farmers markets that is impressive in Virginia, but the rate of growth. From 2007 to 2014, the number of markets in the state jumped from about 100 to more than 240.

Nationwide, the number of farmers markets has increase by 76 percent since 2008, with 8,268 markets listed in the most recent USDA report.

The nationwide numbers come from voluntary reporting on the USDA website. The markets are then entered into a database and are searchable by geographic location, product type and category.

The Peninsula Town Center in Hampton added a farmers market at their location last year. There are also farmers markets on Duke of Gloucester Street in Williamsburg, on Main Street in Smithfield, in City Center in Newport News and in Riverwalk Landing in York County, among other spots on the 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"

  

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

 

Subscribe!

Tags: Hampton, Smithfield, Locals - 101 Reasons, York County, Newport News, Williamsburg

Median Sold Price Up 13.4% in the Peninsula Real Estate Market

Posted by Lynnette Tully on Thu, Jul 31, 2014 @ 01:07 PM

As we move through the Summer months, the trends continue to be very positive for the Virginia Peninsula real estate market!real estate market

  • Months Supply of Inventory - 5.9
    Six months of inventory is considered a balanced market.  This lower inventory statistic indicates a busy seller's market.  
  • Current Median Sold Price - $188,217
    This number is up 13.4% over last June.
     
  • % of Sold Price to List Price - 98.15%
     
  • Average Days on Market - 102 days
     
  • Closed Sales - down 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