Williamsburg VA Real Estate Market Update July 2017

August 23, 2017 By mrwilliamsburg

Quick Facts about the July 2017 Overall Home Sales Market in the Williamsburg area:

+7.2% – New listings in July over same period last year (both attached/detached)

4.9 – Number of month’s supply, fairly consistent this year – but only 3.6 months inventory for SF attached homes. ( six months is considered a balanced market. Under six is a seller’s market.

$133 –Median Price per Square Foot, down from the $138 reported last month, virtually the same as this time last year

$304,000 – Median Sales Price, down from $325k reported last month, but up 1% from the $299,500 reported last year

James City County – Most active area with 120 closed sales in July

584 single family detached homes on the market at month-end; 132 single family attached homes.

Download the July 2017 Williamsburg VA Home Sales Report

Psst. I’m a real estate agent.

If you’re a Williamsburg or Hampton Roads VA home owner who is wondering if it might finally be time to sell, email me at John@MrWilliamsburg.com or text/ call 757 254 8136 , and I can prepare a complimentary analysis of market value for you – you just may be pleasantly surprised.

This post was authored by local resident and REALTOR, John Womeldorf. John is known around town as Mr. Williamsburg, for both his extensive knowledge of the Williamsburg/ Hampton Roads area and his expertise in the local real estate market.

You can reach me by phone at 757-254-8136 or email John@MrWilliamsburg.com

I look forward to serving your real estate needs!

Best,

About mrwilliamsburg

I love Williamsburg !
Being “Mr. Williamsburg” and starting my web site in 2004 has been a great way for me to help people looking for homes for sale, communities and an “insider knowledge.” of the area.
Turned out I was onto something. Because I offer in-depth information and up-to-the-minute blogging, even international clients have found me. One couple, moving back to the States from France, told me that a post I wrote blog about grocery shopping in Williamsburg convinced them that Williamsburg was the place to be, and that I was the best source by far that they found on the web.
I’m happy to say that I hear similar comments from many of my clients looking for homes throughout Williamsburg and Hampton Roads.
I grew up in Virginia Beach, Va, After attending college, I worked at a number of positions including manager of a land development and construction company and business manager of a cut flower business that we grew in sales from $300,000 to $15 million (we were supplier to Whole Foods and one of the first cut flower suppliers to Costco).
In 2004, it seemed like a good time to simplify my life. I moved my family from Annapolis to Williamsburg. I went into real estate with Liz Moore and Associates, and was one of the initial agents when Liz opened her Williamsburg branch.
My sons Zach and Josh attended Lafayette High School ,Hornsby Middle School and DJ Montague and are crazy about sports and the outdoors.
I feel lucky to be living the dream, and saving two to four hours by not driving on the DC beltway every day. So, I can now spend my time with friends family while concentrating on learning — and sharing — information about living in Williamsburg.
In real estate, no two people or transactions are the same. Everything’s a challenge, and I’m rewarded every time in close a transaction and have the opportunity to see the smiles on clients’ faces.
Please email or call me for assistance with any real estate questions about the area
John@MrWilliamsburg.com or 757 254 8136