Inside Williamsburg Real Estate

Get the inside scoop on the Williamsburg, Virginia Real Estate Market. Realtor Marshall Toney with eXp Realty Williamsburg shares monthly market updates and Williamsburg VA neighborhood and community profiles. Learn about the culture and communities that make Williamsburg, Virginia, a great place to call home.  You will see the latest real estate listing available in Williamsburg.

 

Jan. 6, 2016

Williamsburg Real Estate Predictions for 2016 All Fall in Line

Given that the experts have often been as wrong as they were right about predicting at least one real estate trend for 2015 (mortgage interest rates), it’s fair to ask why it’s worthwhile to consult them regarding the coming year. Fair enough. The answer is twofold. 

First off, for anyone who will be buying or selling a Williamsburg VA home in the coming year, much could ride on the wider market factors that influence buyer and seller attitudes. 

The other part of the answer is because it’s fun. Trying to take a peek into the future gathers a crowd every time: just tune into any cable TV news or feature show and start counting the experts prognosticating. Besides, it’s even more fun, later, to ridicule the experts who were way off.

But putting together a roundup of real estate predictions for 2016 involves some hard virtual pick-and-shovel work. To begin with, you have to eliminate all the real estate predictions for 2016 that emerged more than a month ago. A month may not seem like such a long time, but in the real estate prediction business, it can turn into too long (especially if what you predicted for 2016 is already heading in the wrong direction). At this juncture, that hasn’t befallen any of these prominent national real estate prediction sources Williamsburg readers can note:

  • Realtor Magazine – ‘Normal’ is coming. Healthy growth in home sales and prices at a more normal pace
  • CoreLogic — Interest rates will gradually move higher but dollar volume of single-family mortgage originations will fall approximately 10% [reason given: refis will fall]
  • Housingwire — Moderate growth in housing prices and sales (3.5%-4.5%); easier credit; more first-time home buyers 
  • BofA Merrill Lynch Global Research—Further expansion in U.S. housing. The “good news for anyone planning to sell a home in 2016” is that existing home sales could increase by as much as 5%; good news for buyers: a slowdown in home-price appreciation
  • Trulia — “general consensus at the national level…another good year” with hot markets in the West and Northeast cooling down; markets in the South and Midwest “could experience an uptick” in home sales

The researchers and prognosticators behind these projections seem to be in lock-step, at least as we launch into the new year. Whether or not you will be entering the Williamsburg VA real estate market any time soon, it’s certainly good news that the serious folks who forecast future trends agree that conditions look to be settled, stable and hospitable in the coming year. 

There is one thing I know you can count on: I’ll be standing by throughout 2016, ready to assist with all your Williamsburg VA real estate needs!   

Jan. 3, 2016

Williamsburg VA Real Estate Enters the New Year (2016) with Resolutions Aplenty!

Realtor Marshall Toney with Berkshire Hathaway |Williamsburg VA

 It’s hard to even think about New Year’s without the word ‘resolutions’ popping into your head—not to mention that it’s nearly impossible to go to any kind of Williamsburg New Year’s Eve get-together without the topic coming up. In the realms of diet and exercise, New Year’s resolutions are highly relevant, and the pledges made on their account are the most likely to be followed religiously (at least until the Super Bowl parties put an end to them). 

You might think that the field of real estate (even Williamsburg VA real estate) would be unlikely to inspire any resolute oaths for the coming year, but that proves to be an incorrect assumption. A quick survey of real estate new year’s resolutions yields any number of lists of recommended pledges. There are 6 of them at the Bankrate mortgage site; another 5 at AOL; and a whopping 10 at both the Realtor® and Houselogic websites! 

Whether or not you feel duty-bound to put any of these pledges into your own personal action queue on January 1 is up to you­­—but these are among those that are repeated most often: 

Get Your Financial House in Order. This is actually a good one, for a couple of reasons. First, no matter what you do in 2016, any and all transactions that have a monetary dimension can’t help but go smoother when they fit into a well-ordered financial picture. Second, once you’ve followed it, there’s very little involved in following through. This resolution doesn’t need to have anything to do with Williamsburg VA real estate to be a good idea, either. 

Sellers: Resolve to Think of Your Home as a Product. This is cheating: it’s nothing like a real New Year’s resolution—but a darned good idea, anyway. The downside is that it’s only applicable if you are going to sell you area home in 2016. It’s probably not a joyful idea to think of your home as a product when its single purpose is to shelter your family. 

Protect Yourself with Insurance. This one was prominent in a National Association of Realtors list, and although it was aimed at new home buyers, it has wider utility. When you take care to confirm that you’re neither over- nor under-insuring the key areas that require protection, peace of mind is a guaranteed byproduct. This New Year’s resolution also needs very little additional effort throughout the coming year­—so it ranks near the top of the RLK Scale (Resolutions Likely to be Kept).

Buyers: Resolve to Start Feeling Out the Market. This one might is a smart resolution for anyone planning to buy a Williamsburg VA home any time in the coming year. Getting a bead on the market ahead of time can help you recognize sooner rather than later when you come across the right Williamsburg home for sale. 

Buyers and Sellers: Resolve to Engage a Real Estate Agent Now. This is one Williamsburg real estate new year’s resolution I can heartily endorse for both buyers and sellers (it appears on almost all the lists). A truly grand resolution!

Dec. 14, 2015

1184 Jamestown Rd Unit 51

Home for Sale: Bank Owned Foreclosure 

 
JUST LISTED
 
 
Williamsburg, VA Home for Sale!
 
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1184 Jamestown Rd, Unit 51 Williamsburg, VA 23185
 
Bedrooms: 3 | Bathrooms: 2 full | List Price: $ Get Current Price | 1499 square feet
 
 
location! Location! Location...1 level living in the City of Williamsburg. Enjoy maintenance free living in the 3BR, 2BA condo. This home is uniquely placed close to shopping, restaurants, Colonial Williamsburg and College of William & Mary. Wood floors, extra wide halls & doorways. Wonderful spacious master bedroom suite. HOA fees include water, sewer, trash and your gas.
 
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Courtesy:
 
Marshall Toney
Berkshire Hathaway HomeServices Towne Realty
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Licensed In: VA
 
 
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Dec. 10, 2015

Williamsburg Christmas & Holiday Events 2015

Happy Holidays-realtor-Marshall-Toney

 A Williamsburg Christmas offers  something for everyone.  Celebrate the  holiday with  beautiful lights, decorations,  festivities spread throughout the  Revolutionary City(Colonial Williamsburg)  or visit the spectacular shows, shops and  light displays throughout Busch Gardens  Christmas Town. 

 Williamsburg is bustling with activity,something for everyone..

 

Take the kids on a quest to find Santa, he's been sighted around town, hanging out at well known spots  like:  

santa-williamsburg-yankee-candle-factory

 

  Colonial Williamsburg

  Yankee Candle Factory

  Christmas Town

  Newtown Williamsburg

 

 

Looking forward to a day of  shopping, don't forget about:

  Williamsburg Prime Outlets  holiday-shopping-williamsburg-merchant-square

  Williamsburg Pottery

  Merchant Square

  Newtown Williamsburg   

 

Need a break from shopping, nothing better than a day of ice skating at one of 2 recently erected ice rinks:

picture-Williamsburg -ice-skating-location-iceburg

  Iceburg which is located at Mid County Park

  Liberty Ice Pavilion in Colonial Williamsburg 

 

  

Posted in Community Events
Dec. 3, 2015

Selling your Williamsburg VA home during the holiday season

A Home for the Holidays_Marshall Toney Realtor

 

 

 

 

 

 

A Home for the Holiday's

Marshall Toney
Berkshire Hathaway HomeServices| Towne Realty

As a real estate professional I am often asked this question as the holiday's approach and the Virginia housing/ real estate market begins to slow down.  The question at hand is, "with the holidays approaching should I take my house off the market until spring."  

A few years ago you would have gotten an resounding "YES" but in recent years Williamsburg has seen a change in the seasonality of the market.  The buying/selling cycle use to be March to August but that has since changed.  Serious home buyers are looking well into December.

Your probably pondering what has caused this shift.  There are several factors that are driving people to buy and sell a home during the holiday season:

  • Homes signify new beginnings for buyers and sellers, many want to be snuggling up by the fireplace in their new home counting down the New Year. 
  • Mortgage rates are still at a historic low.
  • As the temperature drops only serious buyers are house hunting.
  • Relocation business is up because as a rule of thumb most corporate relocation takes place at the start of the year.

And let's not forget the tax benefits for buyers and sellers who close before the end of the year.

So spruce up your fall/winter landscaping, modestly decorate for the holiday season and by all means keep your home on the market for the Holiday's.

Dec. 1, 2015

Our Communities and Neighborhoods...

Williamsburg Va Neighborhoods and Communities 

Williamsburg is devised of communities and neighborhoods both large and small homes offering something for everyone. We have Gated Communities, Historic Homes, Waterfront and Golf Communities, Townhome and Condominium Communities.

Our neighbors and friends come from  many different walks of life.  In addition to retirees, college bound students, military relocation we have a vast cultural mix of citizens young to old.

Williamsburg has experienced a lot of growth in a very short period of time, with that growth has come the opportunity to expand both residential and commercial real estate.  We have ample supply of New Construction Homes for Sale and Residential Re-Sale Properties  which will meet needs of anyone's lifestyle.

Williamsburg has a booming tourism market due to popular and notable sites like Colonial Williamsburg, The College of William and Mary, Williamsburg Bushgardens and Water Country.   

Just outside of the city limits of Williamsburg is James City County, Toano VA, York County VA, New Kent County and Charles City VA.  Williamsburg is 45 minutes drive to Richmond and 45 minutes to Virginia Beach which adds to the value of this location.

 Our neighborhoods and communities are what people who visit this area of Hampton Roads fall in love with.

Feb. 28, 2014

Monthly Real Estate Statistics

This months home sales data is a sampling of Williamsburg Va. home sales information which was pulled from the popular 23188 zip code.  Williamsburg communities that fall in the 23188 zip code include the communities of Fords Colony and Windsor Forest.

Additional statistics for single family homes in Williamsburg  have a median list price of $348,520 with average days on market of 103.  Their are 597 active real estate listings in 23188 zip code 5.2% of those listings fall under the umbrella of distressed properties.

If you are considering buying or selling a home in Williamsburg, it is important to take note that home prices are heading in one directions, upward....   

I will update you on the next months Real Estate numbers In Williamsburg Va. once the month has finished. 

I'm only an email, phone or text away 757-328-0095. 

 

Market Insider

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Price Trends - Sold vs. Listed

Understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay).

By comparing these price trends, you'll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.

Some sales are not immediately available from public records. As they become available, the data are updated.

Chart Temporarily Unavailable
Feb. 5, 2014

West Point Homes

WestPoint Va. a Great Place to call home.

Perfect opportunity to get a great home in WestPoint Va. for a steal!!  This home is very well done, it offers water views and a quite community. 

  

Nov. 25, 2013

Govenors Land at Two Rivers

Govenors Land is an award winning  golf community located in Williamsburg Va.  This community lends itself to the a country club style of living.

Govenors Land is an active community with spectacular custom built homes, charming neighborhoods, championship golf courses, a marina, tennis courts, pools, walking trails, a private beach, and a spectacular clubhouse.

Live in the luxury of Govenors Land community while embracing the charm and history of Williamsburg.  Situated between Richmond and Norfolk Va. Govenors Land is close to The College of William and Mary and the Historic Triangle of Jamestown, Yorktown, and Williamsburg.

Nov. 20, 2013

Williamsburg Va Real Estate stats October 2013

 

This months home sales data is a sampling of Williamsburg Va. home sales information which was pulled from the popular 23185 zip code.  Williamsburg communities that fall in the 23185 zip code include Governors Land, Kingsmill, The Vineyards, Skipwith Farms, Brandywyne, and Holly Hills. 

For homes in 23185 zip code the median list price for homes as of the data collected on 11/1/2013 is $363,300 with average days on market of 89.  Their are 729 active real estate listings in 23185 zip code 4.9% of those listings fall under the umbrella of distressed properties.

If you are considering buying or selling a home in Williamsburg, it is important to take note that home prices are heading in one directions, upward....   

I will update you on the next months Real Estate numbers In Williamsburg Va. once the month has finished. 

I'm only an email, phone or text away 757-328-0095.