Third-Quarter ‘Market Watch’ numbers are in

Sales statistics I compile for my quarterly “Market Watch” update show the sale of 103 homes (including townhomes and condos) had closed in Ford’s Colony through Sept. 30. 

The average sold price in Ford’s Colony through the third quarter of 2019 was $499,698, at 94.2 percent of the original list price. (The range of sales prices in the third quarter alone was $278,000 to $770,000.)

FEATURED HOME
104 Worksop
3 Bedroom | 3 Bath | 2,209 SQ FT
Now offered at $370,000!

Other key statistics through Sept. 30:

  • Average months supply of inventory – 6.8
  • Average price per square foot — $148
  • Average days on the market – 81.1 (down from 94 through the second quarter)

In all 40 homes closed in the third quarter – 17 in July, 15 in August and eight in September.

I very much appreciate the kind words of my friend and client John Urban, whose sale closed during the third quarter: “For a major happening in your life you want a qualified, experienced professional – that is what Deelyn and her team bring to the table. With Deelyn as your representative — from the original walk through to the staging, to her extraordinary marketing and onto the closing negotiation — you are always in available good hands. She gets the job done!”

Thank you, John!

For information on buying or selling a home in beautiful Ford’s Colony, please call me at 757-503-1999 or email at deelyn@lizmoore.com.

The numbers:

New Price on 115 Red Berkshire!

New Price on 115 Red Berkshire.
Now offered at $479,000!

115 Red Berkshire

■ 3 BEDROOMS ■ 2.5 BATHS ■ 3295 SQ FT

Surround yourself in the warmth, tradition and character of Williamsburg in this superb rendering of William Poole’s Greenhow tenement cottage. True Colonial replica home features rustic beams, 3 fireplaces, pine floors, and Colonial millwork. Replica ‘Tavern’ (bonus/media room) with a ‘caged’ wet bar. Modern amenities include granite counters, whole house generator, and water filtration system. Private, fenced backyard.

For more information on this beautiful Ford’s Colony home, contact Deelyn at 757.503.1999 or deelyn@lizmoore.com.

Ford’s Colony Market Watch is today!

We are looking forward to seeing all who RSVP’d for the Ford’s Colony Market Watch. We will be meeting in the Banquet Room of the Ford’s Colony Country Club from 2-4 pm.

 

Just Sold by Deelyn – 159 Killarney

Recently Sold
Extraordinary Ford’s Colony Home
Listed and Sold in 14 Days!

159 Killarney
■ 4 BEDROOMS ■ 3.5 BATHS ■ 3665 SQ FT

If you are interested in selling or buying a Williamsburg area home, contact the area specialist, Deelyn, at 757.503.1999 or deelyn@lizmoore.com.

What’s happening in the Ford’s Colony Real Estate Market? – February 2014 Statistics

Ford’s Colony

Williamsburg, VA Homes for Sale

What are the latest market trends in Ford’s Colony, one of Williamsburg’s most popular neighborhoods and certainly the largest communities.

Comparing single family detached homes sales data month over month, February 2014 sales activity was down over February 2013.  During the month of February 2014, there were 89 active listings in Ford’s Colony with 1 homes going under contract and 6 homes closing. As a percentage, during the month of February 1.1% of the active listings went under contract and 6.7% of the listings closed.  Year over year, February 2013 saw 10.9% going under contract and 10.9% closing.

 

More interesting facts about the Ford’s Colony single family detached home area real estate market:

Using the past 12 months data, the current median sales price is $470,000 an increase of 1.5%.  The average sales price is $511,805, an increase of 6.1%.

 

 

 

The current Ford’s Colony market has an 8.7 months worth of inventory active.

 

 

Click here to explore homes for sale in Ford’s Colony, Williamsburg, VA.

Click here to learn more about one of Williamsburg’s favorite communities, Ford’s Colony.

Are you looking for a home in Ford’s ColonyWilliamburg, VA?  Then, Deelyn Neilson is the Ford’s Colony real estate specialist!  Whether you are interested in buying or selling a Ford’s Colony home, Deelyn is the agent for you.  You can reach her at 757.503.1999 or Deelyn@lizmoore.com for your complimentary Ford’s Colony real estate consultation.  No charge or obligation for a meeting with one of Williamsburg, Virginia’s Top Real Estate Agents!

Would you like to receive free e-mail updates about new listings in Ford’s Colony, Williamsburg, VA?  Click here to sign up!

If you are interested in information about other Williamsburg neighborhoods, please let Deelyn know.  Either email deelyn@lizmoore.com or call 757.503.1999.

 

*Data was collected March 17 and 19, 2014 and includes single family, detached homes in Ford’s Colony.

Real Estate Market Trends for 23168, 23185 and 23188

What are the latest real estate market trends in Williamsburg-James City County, Virginia single family detached homes?

Comparing sales data year over year, February 2014 sales activity was down over February 2013.  During the month of February 2014, there were 649 active listings in the Williamsburg-James City County area (zip codes 23185, 23188,23168) with 47 homes going under contract and 51 homes closing. As a percentage, during the month of February 7.2% of the active listings went under contract and 7.9% of the listings closed. Year over year, February 2013 saw 11.2% of active listings go under contract and 8.4% of the total active listings going to closing.

NOW is the time to be buying as the market has been a little sluggish and sellers might be more anxious to sell. Interest rates are also at historical lows!

More interesting facts about the single family detached home Williamsburg area real estate market:

Using the past 12 months data, the current median sales price is $327,695 an increase of 1.9%.  The average sales price is $359,421, an increase of 2.1%.

There is currently a 7.2 months supply of inventory on the market in the 23185, 23188 and 23168 area, down from the 9.9 month supply in February of 2013.

Are you looking for a home in Williamburg, VA?  Deelyn Neilson is the area real estate specialist!  Whether you are interested in buying or selling a Williamsburg home, Deelyn is the agent for you.  You can reach her at 757.503.1999 or Deelyn@lizmoore.com for your complimentary real estate consultation.  No charge or obligation for a meeting with one of Williamsburg, Virginia’s Top Real Estate Agents!  Deelyn knows the market here inside and out!

Would you like to receive free e-mail updates about new listings in Williamsburg, VA?  Please email Deelyn  with your ideal home needs/wants and she will set you up with a personalized search sent right to your inbox.

*Data was collected March 17 and 19, 2014 and includes information on single family, detached homes in the zip code areas 23168, 23185 and 23188.

 

How to Search ALL Ford’s Colony Homes and Land

Ford’s Colony Clubhouse in Williamsburg VA

Ford’s Colony is one of the most highly sought after communities in Williamsburg, VA! With three championship golf courses, two Olympic sized pools, and a beautiful club house hosting over 50 community clubs, it’s easy to see why. There are about 3200 homes in Ford’s Colony, with approximately 5000 residents. But I’ve made it easy to search of ALL Ford’s Colony homes for sale.  Ford’s Colony real estate is my speciality–I’ve been a Ford’s Colony resident for 15 years!

Just follow these links to a custom search of ONLY homes for sale in Ford’s Colony:

Search Ford’s Colony Detached Homes

Search all Ford’s Colony Condos and Townhouses

Search all lots and land in Ford’s Colony

For more information, visit my information page on Ford’s Colony or contact Deelyn at 757.503.1999 or deelyn@lizmoore.com

Homes for sale in Ford’s Colony? Here is what is on the market in Ford’s Colony!

So how many homes ARE for sale in Ford’s Colony? We are beginning 2011 with 124 homes ‘active’ on the Williamsburg MLS. 105 of those are single family DETACHED homes. 19 of those are ATTACHED (condos or townhomes) properties.  There are currently 7 additional properties detailed as under contract and pended. Those are homes that are set to close. (There are a few more detailed as ‘under contract’ but may have contingencies that are yet to be remedied like a home inspection, buyer financing, third-party bank approval or sale of the buyer’s own home. Those homes are counted in the 124 homes that are active on the market)

The number of homes on the market is actually down significantly from some of the peaks that we saw in inventory in 2009 -2010. The number of re-sale properties actually spiked to the low 200’s (ACTIVE resale on MLS)  so a number as low as 124 is really good.  Also consider that Ford’s Colony has over 2400 completed home sites which would equate to roughly 5% of the market for sale.

Ford’s Colony Foreclosure Sales over the past year

Today, it seems that almost everyone is expecting a ‘deal’- a great deal. Sometimes the bank owned foreclosed properties can be a good buy. Most times they need tons of work (and money). The deals are certainly there, however, the properties don’t have to be bank-owned to get them.

What percentage of Ford’s Colony sales have been bank-owned over the past year? There have been 70 closed sales in the past 12 months. Of those, 7 were detailed as bank-owned properties. Exactly 10% of the sales in Ford’s Colony in the past 12 months were foreclosures. Certainly higher than in times past, but, much lower than the most recent statistic from Realty Trac that indicates that foreclosed properties make up 24.17 percent of all sales nationwide.