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!

Local home sales continue strength

According to the Virginian-Pilot, there were 95 percent more homes under contract – 205 in all — in September in James City County than a year ago.

That increase is part of the boom that real estate in Hampton Roads continues to experience, despite lower-than-usual inventory levels.

In September, the median price for a home in Hampton Roads rose by more than 10 percent over the previous year. The Pilot said that’s the largest year-over-year growth since the Real Estate Information Network (REIN) began tracking the statistic in 2006. 

In Williamsburg, the median sale price increased 40 percent from a year ago, to $349,900. Eleven homes were sold in the city in September, 10 percent more than last year. 

You can read the entire report here.