Category: Ford’s Colony Market Watch

Market Watch ’23 draws record crowd

I want to say a heartfelt “thank you!” to everyone who turned out for my annual “State of the Ford’s Colony real estate market” event on Thursday at the country club.

We FILLED the room with approximately 70 people who showed up for a lively discussion about sales numbers from 2022, trends in the Ford’s Colony market, the outlook for ’23 and beyond, and other topics. It’s the best attendance we’ve had at one our seminars.

I especially appreciated the thoughtful question-and-answer session that truly demonstrated how engaged Ford’s Colony residents are in their community. It made for a very successful afternoon that I think was made better by our new 4 p.m. start time; we’ve held it earlier in the afternoon in the past, but I think folks appreciated the little later kickoff. If you couldn’t make it this year, I hope to see you next year!

As always, please contact me with any questions and comments about the Ford’s Colony market, and do let me know how I can help if you are considering a move.

Market Watch ’23

Refreshments on me!

I would love to have you join me for my annual Ford’s Colony “State of the Market” presentation, Thursday, Feb. 16, 4-6 p.m., in The Banquet Room at Ford’s Colony Country Club.

We will be discussing how the market has affected home sales and values in Ford’s Colony, the immediate market outlook and other topics related to Ford’s Colony real estate. Bring your questions!

Please RSVP at either of the following numbers/addresses by Feb. 13.

757-503-1999 | Deelyn@LizMoore.com

or 757-532-1661 | Christie@LizMoore.com

Hope to see you there, friends.

Here are fourth-quarter stats for Ford’s Colony

Listing and sales numbers are in for the fourth quarter of 2022.

In all, 25 sales closed in Ford’s Colony from October through December — 13 fewer than the same period of 2021. The average sold price was $696,498, or 102.3 percent of the original list price.

The largest sale in the fourth quarter was 109 Pinehurst, with a sold price of $1,370,000.

Please consult the following chart for more information about fourth-quarter property sales in Ford’s Colony.

FordsColony_January2023_Flyer_Robinson-2

Thank you for attending Market Watch

I very much appreciated all the Ford’s Colony neighbors who turned out for my annual seminar to discuss the Ford’s Colony real estate market on Thursday, Feb. 17.

What an outstanding afternoon! We had more than 60 interested folks attend to be updated on current market conditions, trends and statistics — and to ask some really interesting questions.

Bottom line, the supply of Ford’s Colony homes for sale remains tight. But, as my mentor Liz Moore suggested to the room, the hike in interest rates and potentially fewer Covid concerns from sellers — providing them the confidence to list their home — could soften the market by the fall.

That is a good reminder that, if you are in a position to sell your home, there truly has never been a better time to do so. Please get in touch if you’d like a no-obligation review of your home’s current value.

Thank you again, Ford’s Colony.

Plan to attend Market Watch ’22

FordsColonyMarketWatch2022_Postcard-6

Friends, let’s talk about what’s happening in Ford’s Colony real estate.

Please join me for my annual “Market Watch” seminar, Thursday, Feb. 17, from 2-4 p.m. in the Banquet Room at the Ford’s Colony Country Club.

We’ll discuss how market conditions have affected home values and sales in the community. Refreshments will be served.

If you plan to attend, please RSVP by Monday, Feb. 14 to Deelyn@lizmoore.com or Christie@lizmoore.com.

Thanks! Hope to see you there.

Signing off on 2021

Ford’s Colony neighbors, I wanted to take a moment to thank you for your faith and support during 2021, another challenging year for us all. We closed 43 listings together in Ford’s Colony this year — or 21 percent of all closings in Ford’s Colony! Your confidence is sincerely appreciated.

As you probably know, the local real estate market mirrored the national one in 2021, in that inventory across the board sat at record low levels. Ford’s Colony was no exception. The community remains in peak demand with all closings sales averaging 99 percent of original list price.

I look forward to the 2022 real estate market! I expect inventory levels to gradually improve as, hopefully, more of a sense of normalcy returns to our everyday lives. Mortgage interest rates are expected to increase; however, they should remain at historically low levels, further continuing the “right time to buy” mentality of most consumers. Home values should level with an increase in inventory. Please contact me if you are considering buying or selling a home next year!

I will go into greater detail during my upcoming annual seminar on the state of the Ford’s Colony market. Please circle it on your calendar and plan to attend — Thursday, Feb. 17 from 2 p.m. to 4 p.m. at the Ford’s Colony Country Club. Please RSVP to Deelyn@LizMoore.com  or Christie@LizMoore.com by Monday, Feb. 14. 

Thank you again! I wish you a HAPPY 2022!

Ford’s Colony market remains hot

businessman man person art

Market statistics through the first three quarters of 2021 show peak demand for homes in Ford’s Colony continues, at a benefit to home sellers.

Of the year’s 162 closed sales so far (through Sept. 30), the average time on the market was just 24.8 days, with an eventual sold-to-original list price at 99.5 percent.

Other numbers of note:

Average sold price through Sept. 30: $631,615

Average price per square foot: $173

Average month’s supply of inventory: 1.1

By contrast, Governor’s Land saw 51 closed sales through September, at an average price of $837,335. Colonial Heritage had 57 closed sales, averaging $447,672 per transaction.

Please contact me if you are considering a move in this unique marketplace.

First-Q numbers for a busy market

First-quarter sales statistics for Ford’s Colony show that 30 homes closed in the community from January through March — at an average sold price of $619,417.

The latter number represents an average of 98.3 percent sold-to-original list price.

Average days on the market was 29, and the average price per square foot was $166.

Inventory remains low at 1.6 months supply — and demand is still very hot.

Clearly, it is a great time to sell. And remember, June and July are historically strong as relocating families gear up for the new school year.

If you are considering a move, there’s no time like NOW to declutter and attend to deferred maintenance. Please call or text if I can help; I’m always honored to assist a Ford’s Colony neighbor through the process.

Have a great summer!

Join my ZOOM market update!

Please register for my annual Market Watch update on the Ford’s Colony real estate scene — this year via ZOOM meeting — on Feb. 18 from 2-4 p.m.

Text me at 757-503-1999 or email at Deelyn@lizmoore.com to sign up and to get the details on how to join the online session. Please register by Mon., Feb. 15.

We’ll candidly discuss supply and demand in the market and analyze how the pandemic has affected FC home sales and values. So come with your questions.

Hope you can join us!

2020 First Quarter sales stats

The 2020 first quarter sales numbers are in!

Following are statistics for first quarter of 2020 for Ford’s Colony:

Jan-Mar 2020 closed home sales – 32
Average months supply of inventory – 6.3
Average sold price – $516,244
Average sold price to original list price – 94.7%
Average price per square foot — $161
Average days on market for under-contract homes – 94.5
Active listings as of March 31, 2020 – 76
For more information about Ford’s Colony, click here.

And for further expert information on Ford’s Colony — or any others in the Williamsburg area — Deelyn is happy to help. Email her at deelyn@lizmoore.com.

Recapping ’19 sales numbers

The year-end numbers for Ford’s Colony home sales are in!

  • In 2019, 138 sales closed in the community. (Deelyn sold 15 percent of those, more than any agent in Williamsburg.)
  • Active listings as of Dec. 31 – 61
  • Average months supply of inventory – 7.2
  • Average sold price — $489,575
  • Average sold to original list price – 94.4 percent
  • Average price per square foot — $149
  • Average days on the market for under-contract homes – 83.9

For more information and discussion about the Ford’s Colony real estate market, please join me Thursday, Feb. 20 from 2-4 p.m. at the Ford’s Colony Country Club clubhouse for my annual FC Market Watch presentation. Please RSVP your attendance by Feb. 13 to Deelyn@Lizmoore.come or Christie@Lizmoore.com

Featured home — 1101 Eaglescliffe

2 Bedroom | 2.1 Bath | 2127 Sq Ft
Offered at $485,000.

Fabulous Eaglescliffe condo offering a very unique floorplan! 

You will love this sophisticated and extraordinarily well done home featuring a den or ‘flex” living space adjacent to the great room plus both a screened porch AND a covered porch.

Compare the costs of maintenance of a single-family home versus care-free condo living. On an annual basis, condo living has proved to be more cost effective!

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

#FordsColony #WilliamsburgVa

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.)

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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:

Second-Quarter ‘Market Watch’ update!

Sales statistics compiled for my quarterly “Deelyn Market Watch” update show 63 homes (including townhomes and condos) have sold in Ford’s Colony through June 30.

The average sold price in Ford’s Colony through the second quarter of 2019 was $515,730, at 93.8 percent of original list price.

Those numbers represent increases of seven and two percent, respectively, over the first quarter.

Other key statistics through June 30:

  • Average months supply of inventory – 5.9
  • Average price per square foot — $147
  • Average days on the market – 94

In all 40 homes closed in the second quarter – 10 in April and 15 each in May and June. 

I appreciated the kind words of clients Bill and Jody Coutros: “Deelyn made the logistical challenges of selling and buying manageable and found win/win situations that could work for all. If we are to move again, Deelyn will be our first choice in real estate agents.”

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