Oct 8 '23 Home Prices Expected to Keep Rising Through 2027 By John Womeldorf, Local Williamsburg VA Real Estate Agent If you’re planning to buy a home, one thing to consider is what experts project home prices will do in the future. While you may have seen negative news over the past year about home prices, they’re doing far better than expected and are rising across […]
Jun 28 '23 102 Mayfair Lane: Stately Home with Wooded Backyard in Williamsburg’s Windsor Forest Every home has a story John Womeldorf knows that every home has a story. As an experienced realtor with a deep love for Williamsburg, John looks beyond the basic features of the homes he sells. In his “Every Home Has a Story” series, John introduces potential buyers to the aspects of a home that they can’t […]
May 16 '23 Williamsburg weekly real estate update May 15, 3023 – Here is a brief analysis of the Williamsburg Virginia real estate market last week lweeks last week: Inventory: There were 28 properties listed last week, which is an increase of 10% from the previous week. However, inventory is still low compared to historical levels. Prices: The median list price last week was […]
Nov 15 '22 NAR’s Lawrence Yun Predicts US Home Prices Won’t Experience Major Decline, Could Possibly Rise Slightly in 2023 if Mortgage Rates Remain at 7% ORLANDO (November 11, 2022) – Amid the backdrop of high inflation, elevated mortgage rates and slowing sales activity, severely limited housing inventory will prevent large home price drops for most of the country next year, according to NAR Chief Economist Lawrence Yun. Yun analyzed the current state of the residential real estate market and shared […]
Apr 21 '22 Is Five Months of Supply Really the Sign of a Healthy Housing Market? The idea that five or six months of supply signals a healthy housing markethas ingrained itself in real estate lore. Historically, it was said that five or six months of supply is associated with moderate home price appreciation. Anything higher indicates a buyers’ market, while anything lower means a sellers’ market. But where did this […]
Mar 29 '22 James city county ranked #1 Best county to retire to in Virginia Williamsburg , Va. — Stacker, using data from Niche, has created a list of the best counties in Virginia to retire. James City County made it to number one on the list in the state of Virginia. A number of factors go into what makes a county an ideal spot to retire to, including “cost […]
Jan 1 '21 Top-selling Williamsburg VA Neighborhoods for 2020 The housing market in the Williamsburg VA area remains strong. As with most markets inventory is extremely low. It’s always interesting to see the top-selling neighborhoods in Williamsburg VA. The areas covered in the report below includes the City of Williamsburg, James City County, New Kent County and Upper York County. The numbers are from […]
Dec 17 '20 Kingsmill’s 2021 LPGA event set for May 17-23 Kingsmill Resort and the Ladies Professional Golf Association said Monday that the LPGA Pure Silk Championship will take place May 17-23 , 2021 at the Wiliamsburg resort. Kingsmill has held the tournament annually since 2003, except 2020 because of the global pandemic. Past winners at Kingsmill include LPGA and World Golf Hall of Famers Annika […]
Dec 10 '20 No more love letters from home buyers! It seems a pretty standard practice that’s been done for years has to end. I have always encouraged my homebuying clients to write a letter to the seller telling them how much they love the home and neighborhood. I am 100% certain these letters have influence seller decisions in the past. I know we didn’t […]
Dec 7 '20 Breathing New Life into a Windsor Forest Home I am widely known throughout Williamsburg as a dedicated real estate agent, but if there’s anything I’m passionate about other than my trade it’s Williamsburg and my neighborhood, Windsor Forest. I’ve been a resident of Windsor Forest for 17 years, and I have always been an active neighbor who strives to make our community the […]