New listings are up a big 30% over this time last year for single-family detached homes in the Williamsburg Area and 15% for single family attached properties, according to the August home sales report. Pending sales increased 7.5% for single-family detached, and nearly 38% for single family attached properties. The median price was up 4.6% for SF detached and 3.5% for SF attached properties.
Quick Facts* about the Overall Home Sales Market in the Williamsburg area:
+4.6% – One-year change in Single Family Detached Median Sales Price in August
5 – Number of month’s supply, fairly consistent this year – but still only 3.5 months inventory for SF attached homes and 5.5 for SF detached
$137 –Median Price per Square Foot, virtually the same as this time last year
$320,445 – Median Sales Price, up 7% from the $319,250 reported this time last year
605 single family detached properties on the market at month-end; 128 single-family attached homes.
Read the full Williamsburg VA August 2017 Monthly Home Sales Report here
Pss’t I’m a real estate agent
This website is authored by local resident and REALTOR, John Womeldorf. John is known around town as Mr. Williamsburg, for both his extensive knowledge of the Williamsburg/ Richmond/ Hampton Roads area and his expertise helping buyers and sellers in the local real estate market.
If you are a homeowner searching for someone innovative to sell your home I would love to share my thoughts on marketing. You can read some of the stories I have written about the homes I have sold here.
Additionally, I have helped hundreds of folks find their dream home/ community and would love to help you find yours in the Williamsburg, Yorktown, New Kent, VA Beach, Chesapeake, Suffolk, Isle of Wight, Poquoson and Richmond VA area.
I look forward to serving your real estate needs!