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.
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 email@example.com.