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.
A move-in perfect all-brick rancher in Eaglescliffe located very close to the country club and Ford’s Colony’s three golf courses!
There are numerous upgrades and custom features in this newer home that offers first-floor living plus a sunroom and a second-floor bonus room. You will love the open floor plan, tall ceilings, encapsulated crawlspace and easy low-maintenance yard.
An absolutely stunning, golf-front home located in sought-after MacGregor Downs that epitomizes elegant, move-in perfection.
Fully renovated in 2018, this gorgeous home sits off the Blackheath No. 4 fairway, features 5,971 square feet and includes four or five bedrooms, three full and two half baths, a sunroom and a fabulous lower level.
This all-brick home in sought-after WESTPORT is a fabulous opportunity to own a BRAND NEW home that has been gently lived in for less than six months!
Located on a 3.46-acre wooded lot, this custom-built home features an open floor plan with tons of ‘flex’ and spacious rooms, a FOUR-CAR garage, ELEVATOR, whole-house generator, tankless water heater and amazing natural light throughout.
Enjoy wonderful water and golf views — Blackheath No. 1 — throughout this custom home located in the exclusive MacGregor Downs section. It is a distinctive home with classic architecture, an oversized three-car garage and fabulous living spaces throughout.
Check out the great downsizing opportunity in this completely renovated all-brick rancher that affords fabulous one-floor living with fresh updates throughout.
Enjoy the updated kitchen that includes granite counters, a brand new Viking range and hood, a newer refrigerator and a dishwasher. The breakfast area offers a sunny bay window, and the large great room features a masonry/gas fireplace and a vaulted ceiling.
Statistics for the first quarter of 2022 show 27 closed home sales in Ford’s Colony — at an average sold-to-list price of 101.5 percent. Last year during the first quarter, 30 sales closed at a 98.3 percent sold-to-list price.
The average sold price was $681,594. That is dramatically greater than the average of $619,417 for the first quarter last year.
Average days on the market — 25 (29 1st Q 2021)
Average price per square foot — $194 ($166 1st Q 2021)
Average month’s supply of inventory — 0.6
At the end of March, there were only seven active listings in Ford’s Colony. Clearly, it remains a great time to sell your home if you are considering a move.
My review of the fourth quarter of 2021 shows that 37 homes in Ford’s Colony closed in that time — at an average sold-to-list price of 99.4 percent.
Average days on the market for sold homes was 23.9.
Average price per square foot was $175
Indicative of the ongoing market conditions, there were just six active listings as of Dec. 31.
For the entire year, 199 home sales closed in Ford’s Colony, for an average sold price of $632,182.
As always, contact me if you’re interested in learning the market value of your home, and please consider attending my Market Watch seminar on Feb. 17 at the Ford’s Colony Country Club. If you can attend, please RSVP to firstname.lastname@example.org by Monday, Feb. 14.
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.
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.
You will LOVE this inviting, very well-maintained home, located on a private lot, that includes a beautiful new kitchen, freshly refinished hardwood floors, new paint, new carpet and updates throughout.
Updated kitchen offers crisp white cabinets, new quartz countertops, brand new appliances, large walk-in pantry and breakfast area.
Great room with built-ins, hardwood floors and gas fireplace.
First floor master bedroom offers hardwood floors, walk-in closet and access to the deck..
En-suite master bath has been updated and features a brand-new tiled shower.
Home office with tons of built-ins and French doors for added privacy.
Two generous guest bedrooms and a spacious bonus room with new carpet and fresh paint.
New windows throughout
Screened porch and a large deck overlooking the wooded privacy.
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 firstname.lastname@example.org.
4 Bedroom, 3.5 Bath, 4,170 Sq Ft
Offered at $675,000
Expect uncommon quality in this elegant and impeccably maintained home located on Blue Heron #12. The perfect home for entertaining, this unique home on a quiet interior cul-de-sac offers spectacular views, perfect living spaces and a truly remarkable workshop.
For more information on this stunning golf-front home, contact Deelyn at 757-503-1999 or email@example.com.