Williamsburg Real Estate Market – Annual Summary 2009

So, how was the real estate market in 2009? Well, here in Williamsburg, it was not all that different from 2008. As you already know, the Williamsburg real estate market has been in a slump for three years. But, in 2009, we did start hearing some positive news for a change. In fact, the news media has started looking for good news because good news IS news!

Here’s a chart summarizing the home sales in Williamsburg’s Golf Communities:

Homes Sales – 2001 – 2009

Notice that the number of homes sold in Ford’s Colony increased significantly in 2009 from 2008.  This is a small sign, but hopefully, it signals the bottom.  We are all ready to see a recovery.  We have yet to see a significant  impact from foreclosure sales here in Williamsburg.  Less than 10% of the homes sold in 2009 were foreclosures. 

If you would like to see the numbers behind the graph, click here.

The graph of lot sales volume changes since 2001 is even more dramatic than the home sale changes.  Take a look (click chart for larger graph):

Lot Sales in Williamsburg's Golf Communities

Here, too, Ford’s Colony is leading the way in recovery.  Lot sales increased in 2009 over 2008 in Ford’s Colony.   Lot sales are practically nonexistent in the other communities.  For the details behind the graph, click here.

Inventories are high (350 lot listings in James City County on 1/31/10), and buyers are finding bargains.  Note that the sale numbers do not include lot sales by the developers of any of these communities.  However, developer sales have declined in a similar fashion.

I don’t think we are ready to throw a party and celebrate the return of prosperity for the real estate market.  But, we are seeing the light at the end of the tunnel! 

 

Dinner at A Chef’s Kitchen

Here at A Chef’s Kitchen! It’s soup night.

If you haven’t been to this restaurant, you don’t know what you are missing!

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Gas Prices – Another Good Reason to Live in Virginia

Last week, I was vacationing in Philadelphia.  Take a look at the gas prices!  This morning, I took this photo of the prices in Richmond.

 

Gas Prices in Philadelphia - on the Main Line

Gas station in Richmond (Midlotian Tpk)

 

 

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The Best Golf In Williamsburg

Most folks know that we have some pretty good golf here in Williamsburg, VA.  But, do you know where to find the BEST golf?

Without question, the Gold Course at the Golden Horseshoe is the best course.  Designed by Robert Trent Jones, Sr., it is one of the best in the country.  Here are some photos that I took a few weeks ago.

These photos are of three of the most scenic par 3 holes you will find… challenging too!

If you are a golfer, you owe it to yourself to play “The Shoe”!  It’s a bit pricey, but as the old saying goes “you get what you pay for”!

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See and download the full gallery on posterous

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Second Home on the Waterfront

Looking for a second home?  Let me help you find it!

Here’s my client Debra Gordon (left) shopping for a “rivah” home.

Here’s a link to ALL of the waterfront properties listed for sale in the Chesapeake Bay and Rivers MLS within easy driving distance of Williamsburg (less than 1 ½ hours):

http://www.navica2.net/displays/?n=297&i=669324&k=RI4QMgfW

There are 387 homes in all price ranges.  Call me, and I’ll set up a custom search for you so you can follow all of the properties in your desired price range.  Also, when you are ready to get serious, let’s spend some time on the road exploring these options.

Susan

Susan Krancer

Liz Moore & Associates

Williamsburg, VA

757-784-0363

golfproperties@cox.net

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VSGA Senior Amateur Golf Tournament

Well, it’s 6:30!  Getting ready to play golf at the Homestead.  It’s the qualifying round of the Senior Amateur.

Here with Betsy Conboy and Margaret McMillen from Ford’s Colony and Marcie Moreau from Two Rivers.

Updates to follow! 

Susan Krancer, REALTOR®

Liz Moore & Associates

5350 Discovery Blvd.

Williamsburg, VA  23188

phone:  757-784-0363

fax:  757-240-5666

golfproperties@cox.net

www.WilliamsburgGolfProperties.com

Licensed in VA

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US Debt Clock

Someone just sent this to me.  It’s very scary!  These are unbelievably big numbers.

http://www.usdebtclock.org/#

Susan Krancer, REALTOR®

Liz Moore & Associates

5350 Discovery Blvd.

Williamsburg, VA  23188

phone:  757-784-0363

fax:  757-240-5666

golfproperties@cox.net

www.WilliamsburgGolfProperties.com

Licensed in VA

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Magnificent Georgian Architecture in Ford’s Colony!

Ford’s Colony in Williamsburg has some incredibly nice homes, and this is certainly one of the best.  I’m going to take you through this home and point out some of the special features.

Just from the photo, I’m sure you will agree that the curb appeal is fabulous.  As you drive up, you will notice the long paver driveway (have you priced that out lately?).

The exterior of the home is both elegant AND maintenance free.  The lentils are cast stone, and you will not find wood anywhere!  Behind the brick is steel reinforced concrete.   This has an equivalent R-factor of 50 resulting in utility bills that are only a fraction of what you would expect with a 6000 sq ft home.

 

As you enter the foyer, you are greeted by a beautiful custom designed circular cherry staircase. 

 

 

You will see elegant, multi-piece trimwork throughout the entire home.

 

 

The enormous award winning gourmet kitchen is designed for entertaining as well as culinary pursuit.

Enjoy the fruits of your labor in the adjoining breakfast area, and feast your eyes on the enchanting garden landscaping.

  

 

 

 

 

 

 

Oh, did you notice the cherry floors?

 

 

The garden setting features a pergola and tiered terraces that over look a serpentine wall.  The plantings have been expertly chosen to maximize the color and interest during all seasons of the year, and provide a most private setting.

 

 

 

 

 

 

You would expect a home of this caliber to have an incredible master bedroom suite, and this first floor suite  does not disappoint.  In fact, this home has a second spacious luxury master suite upstairs!

 

 

 

 

 

 

 

 

 

 

 

I would be typing all day to adequately describe the features of this home.  Here’s a list describing some of the special features – Highlights

Want to see more?  Check out the Virtual Tour! 

If you are considering buying (or building) a luxury home, don’t make a decision before you see this one!  Call me to schedule a tour of this home – 757-784-0363.

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Walking the Trail in Fords Colony

In Fords Colony, one of the most popular activity in walking on the 8+ miles of trails. 

With 2300 homes already completed, Fords Colony is certainly one of the largest communities in Virginia.  700+ additional home sites are individually owned, and we expect to see these developed over the next few years. 

These photos were taken on the Edinburgh loop portion of the trail system.  Walking the trail is a wonderful way to stay fit, and the scenery is exceptional.  It’s beautiful now in the winter, but just wait until you see it in the Spring!

The view here is from the trail looking down the par 5 12th hole on the Blue Heron Course.  There are several fabulous golf views along the trail.

 

 

Here’s a view from the path of the 13th hole on the Blue Heron Course.

 

 

 

If you like walking in the woods, there’s also a very nice nature trail. 

Technorati Tags: Fords Colony,walking trails,Williamsburg Golf Communities,Life in Williamsburg,Retire in Williamsburg

About the Williamsburg Golf Properties Team

Whether you are buying or selling real estate in Williamsburg, the Williamsburg Golf Properties Team at Liz Moore and Associates will provide you with the best service and advice in town.  We promise you that we will:

• Make your goals our goals
• Provide you with comprehensive, unbiased information
• Do your homework so you have all the info you need when you make an offer
• Market our sellers’ properties far and wide
• Be patient… we are working within your timeframe
• Provide guidance throughout your sale or purchase process
• Respond promptly to your calls and e-mails
• Provide frequent feedback
• Continually find new and better ways to communicate with our out-of-town buyers
• Be your real estate resource for life

You probably think that all agents do these things.  But, the don’t!  We do take “full-service” to a new level.

Top Sales and Listing Team

Here we are at our company awards ceremony last week, with Liz Moore, our incredibly forward thinking broker, and Brian Lytle our corporate attorney and advisor.  (from left to right:  Liz Moore, Terry Kearney, Ellen Smith Gajda, Brian Lytle and Susan Krancer)

Visit our website at:  www.WilliamsburgGolfProperties.com for more information about us!