As the Summer comes to a close and the kids go back to school, many homeowners may be wondering if they missed their selling window. While there is a lot of talk about how hot the Spring and Summer markets are, Fall and Winter are pretty active too! Especially in Hampton Roads. Our area is heavily supported by the military and relocation orders aren't reserved to Spring. New families are always moving into Virginia Beach, Norfolk, Chesapeake and the surrounding cities. In addition, a lot of buye...
Alright- the numbers are in! This summary shows July figures as compared to last July. July of 2022 was pretty hot (pre-dramatic rate hikes) so it is not surprising to see a change. Let’s take a look at the numbers!In July 2023 there were:🏡16.40% less active listings (homes on the market) 🏡 15.39% less pending sales (homes under contract but not yet closed) 🏡 20.38% less settled (closed) sales🏡 14.77% less new construction sales BUT, the median sales prices is UP by 5.43% meaning home values...
Hello and happy Tuesday! If you are curious about the market in Virginia Beach, Norfolk, Chesapeake, Suffolk, Hampton or Newport News, give me a call, email or text. Every day I search recent sales and stay on top of housing trends. In many neighborhoods, housing costs are rising, and inventory is moving quickly. This competitive market is driving buyers into neighborhoods that typically have seen longer market times. Many are older, remodeled homes in less popular neighborhoods. But just becaus...
Hello! We are in the last full week of July & new numbers will be coming out shortly. However, I can tell you, as a seasoned Realtor, this is very much a seller’s market. Homes are receiving multiple offers and buyers need to be very savvy with their offers. Be prepared to pay at or over list & the easier you make the process, the better. The days of asking for the moon & the stars are over. Write strong & keep it simple. As your Realtor, I will reach out to the seller’s agent & see what terms t...
Congratulations! We made it to the weekend! And there is plenty to do here in Hampton Roads. The beaches are an obvious choice but there are more options! The state park located off of Shore Dr and connecting to the Oceanfront is an excellent way to spend a few hours (there are plenty of places to take a cool dip in the water as you hike) or you can visit some of the museums, breweries, historic homes, shopping centers or game centers such as Apex located in TownCenter VB. Norfolk has the zoo, b...
The dog days of Summer are HERE and so are stats from June. We are seeing less sales overall and this is due largely in part to higher than usual interest rates and reduced inventory. Those sellers who are actively listed are seeing multiple offers as buyers do not have a large selection to choose from. In addition, home values are at record highs, so sellers are able to get more for their homes than traditionally. It is an excellent time to sell. Especially for those seeking to reduce their ren...
The first day of Summer was Wednesday, but the weather here in Hampton Roads didn't seem get the memo! We have had heavy rains, high wind and generally tough weather these past few weeks, but there are a few silver linings to appreciate. One, flower and vegetable gardens are having the best week ever and two, if you are considering a neighborhood, now is a great time to see if it floods! Drive through and scope out the lawns for standing water or like in my neighborhood, rushing rivers that used...
