Last week, the Daily Press front page boasted a headline "Area Home Sales Down 23%!" Reporter Chris Flores went on to regale the grim declining housing market. If you read the article carefully, you could pick out the nuggets that should have made the headlines...such as
Hampton Roads Makes Top Ten of Least Riskiest Markets for Foreclosures!
or
Despite National Housing Slump, Local Area Median Prices Remain Steady!
or
Peninsula Real Estate Market Outperforms the State and the Nation!
But, no. Flores chose to lump together Peninsula housing statistics with Southside statistics, suggesting a far worse picture than the truth. Here is what you need to know: On the Peninsula, closings are down about 14%, a carry over from a sluggish final quarter of last year and slow start in 2008. And, pending sales are down less than 8%, suggesting that things are beginning to improve.
Sellers: Despite a drop in sales units, values have held steady. That means there is still time to capitalize on the equity growth that we all enjoyed during the recent boom cycle. You need a realistic expectation of lengthier market time and should be prepared to negotiate; however, moving up in the current market still has an upside.
Buyers: It's a great time to buy. Plentiful inventory, low interest rates, and sellers who are frightened by the onslaught of histrionic media hype about the market create an environment ideal for buyers.
Given the mortgage liquidity crisis that stalled the national economy last August, and the volatile economy that resulted, our housing market on the Peninsula has remained a shining bright spot. Consumer confidence is a key ingredient to keep our local economy and housing market in balance, no thanks to the Daily Press.
I hope that I've enlightened & informed you!
Successfully,
Williamsburg's Preferred Realtor!

Yvette Smith, SRES® REALTOR®
Liz Moore and Associates
5350 Discovery Park Boulevard
Williamsburg, Virginia 23188
(757) 753-7472 cell
(757) 645-2155 office
(757) 240-5674 fax
Licensed in Virginia

CALLING ALL HAMPTON ROADS MILITARY SPOUSES!
As a MILITARY SPOUSE, you need a career that you can take with you...each time you relocate. I know first hand what that's like! That is why I chose to be a REALTOR® ![]()
This gives me the flexibility of being able to do what I love doing and do it know matter where the military sends us.
Real Estate not for you? Well, don't fret...
Just be at the 1ST ANNUAL MILITARY SPOUSE CAREER & EDUCATION EXPO on
MAY 7, 2008 at the
Vista Point, NavalStation Norfolk
10 am to 12 pm: Career & Education Expo
12 pm to 1 pm: Luncheon/Fashion Show (Pre-Registration required for luncheon)
There will be dozens of employers on site to provide answers to your questions. There will also be various schools and colleges to talk about there flexible programs. And to top it all off, there will be GREAT GIVEAWAYS too!
Why wait, start your tomorrow, today!! I look forward to seeing you all there.
All the best,
Yvette Smith
Williamsburg's Preferred Realtor®
757-753-7472 
Call me for all of your Real Estate needs!
![]()

That's what you'll say after you see 207 THOMAS NELSON DRIVE in WILLIAMSBURG VIRGINIA!!!
Positioned perfectly on .46 meticulously landscaped acres. This brick ranch home offers 4 bedrooms, 3 baths! Yes, 3 FULL baths, now you won't find that anywhere in the colonial neighborhood of Skipwith Farms. Skipwith Farms is one of The City of Williamsburg's oldest neighborhood.
You will love the convenience, character and benefits of living in the City of Williamsburg Virginia. This includes free trash and leaf removal and no Homeowner Association dues!! Sounds good? Well, that's not all, 207 Thomas Nelson Drive has been extremely well cared for and the pride of ownership shows. Make it a point to see this home! I promise, you will not be dissappointed!
Allow me to share this beautiful Home For Sale in Williamsburg, VA!
I look forward to showing you this home. Call me for more information.
Successfully,
Yvette Smith, SRES® REALTOR®
Liz Moore & Associates
757.753.7472
Williamsburg's Preferred Realtor
The following report is a statistical view of the homes bought and sold in Williamsburg, VA from MARCH 1, 2008 TO APRIL 1, 2008. This includes Residential property only and it is broken down into the 3 counties that make up Williamsburg, VA.
Units Volume Avg. Sales Price Median Sales Price Avg. Days on Market
All Listings Sold: 70 $23,581,013 $336,872 $294,710 113
James City Co 53 $18,702,613 $352,879 $299,900 120
City of Williamsburg 7 $1,709,400 $244,200 $217,000 73
York County 10 $3,169,000 $316,900 $276,000 105
OK, now here is the previous month (February 1, 2008 to February 29, 2008) in Williamsburg, VA...
Units Volume Avg. Sales Price Median Sales Price Avg. Days on Market
All Listings Sold: 70 $25,888,690 $354,640 $320,000 144
James City Co 57 $19,866,290 $348,531 $320,000 131
City of Williamsburg 7 $2,740,500 $391,500 $307,500 250
York County 9 $3,281,900 $364,656 $389,000 144
Last month, the average sales price of homes in Williamsburg, VA increased from February to March. At the same time, the average days on the market decreased, which is a good thing (homes are selling faster than the previous month).
As you can see the Real Estate Market is doing pretty well compared to other places in our nation. NOW, is the perfect time to relocate or retire in Williamsburg, VA. If you want to know more about Williamsburg, VA, consider giving me a call to assist you with your Real Estate needs!
I hope that I have enlightened and informed you!
Yvette Smith
Williamsburg, VAwww.athomeinwilliamsburg.com
757-753-7472
I am a former Army servicemember and my husband is Active duty Army, stationed at Fort Eustis, VA. So, in our household in Williamsburg, VA, it's always Go Army Go!!!

Fort Eustis is an Army post approximately 14 miles from Williamsburg, VA. Not a bad commute if you want to find a home at a great value or some of the best schools for your children or to say you live in a historical city or if you want to live admist entertainment and good eats! This is just a fraction of what is offered when you live in Williamsburg, VA.
Let me give it to you in dollars and cents...An E-6 WITH DEPENDENTS gets $1526.00 BAH (Basic Housing Allowance) An E-6 WITHOUT DEPENDENTS gets $1145 BAH. In some instances (taking into account income, credit scores and debts), those BAH amounts would cover a mortgage! Imagine that! Why give that money to GMH Military Housing when you could invest it in a home of your very own Williamsburg, VA!
There are 4 high schools, 4 middle schools and 10 elementary school (1 of which will open this fall) in Wiilamsburg, VA. That is combination of the City of Williamsburg, James City County and York County Williamsburg. If you like to compare, this website will give comparisons of the schools: http://www.schoolmatters.com/ Williamsburg, VA is also home to The College of William & Mary (http://www.wm.edu/). Thomas Nelson Community College (http://tncc.edu/) has a brand building, currently under construction, in Williamsburg, VA. Classes are now held in the Busch Corporate Center. They also have classes on Fort Eustis on Mondays and Wednesdays. Phase one of construction is expected to be complete by December 2007.
There are 2 publc libraries in Williamsburg, VA. The Williamsburg Regional Library serves James City County and Upper York County. The main branch is the Williamsburg Library and the other is the James City County Library. Both are state of the art facilities that always facilitate mind expansion! Year round there are various events and activities hosted by the library. They offer an array of services ranging from Story Time for Toddlers to computer courses...and did I mention that those things were FREE?! See for yourself what the libraries of Williamsburg, VA have to offer you and your family. http://www.wrl.org/
How interesting is Williamsburg, VA you ask? Can you say, COLONIAL? Mega history, here folks!! I'm talking where history lives. If you're a historian, history buff or history lover, then Williamsburg, VA is THE spot for you to make your home. You're literally living in history! In Colonial Williamsburg, you can find re-enactments of various moments in the 18th Century. http://www.colonialwilliamsburg.com/
What about fun things to do in Williamsburg, VA you ask?!? How much time do you have to read about it?! It's just that much. Williamsburg, VA is home to one of the most visited theme parks, Busch Gardens. And by the way, Anheuser-Busch salutes the men and women of the armed services and their families by extending a complimentary single day pass to Sea World, Busch Gardens or Sesame Place Parks. Register here... www.herosalute.com/cavatx/overview.html. Williasburg VA is also home to Water Country USA which has place among the top 20 parks in the world (according to a report from Themed Entertainment Association). http://www.watercountryusa.com/. Did I hear someone say golf? Well, Williamsburg, VA is well equipped for golf. With 7 different courses to choose from, you're guaranteed never to be bored! Take a look at this website for more details: www.visitwilliamsburg.com/golf-in-williamsburg. Not to mention all the shopping you can do at the Williamsburg Prime Outlets, The Williamsburg Pottery and The Williamsburg Winery. Williamsburg, VA has got you covered when it comes to fun things to do!
Let me tell you about housing in Williamsburg, VA. There are tremendous values. For first time homebuyers on up the the seasoned house hunter. There are numerous neighborhoods to choose from in Williamsburg, VA. Take Creekside Landing, this neighborhood offers a clubhouse, swimming pool, playground and nature trails. Prices there start at $379,000 with square footages beginning at 2195. Season's Trace is another neighborhood in Williamsburg, VA and prices there are starting at $244,000. Seasons Trace has a clubhouse and swimming pool. If you want golf front property, there's Ford's Colony. There are many places that you can choose from to make your home in Williamsburg, VA.
We have a new hospital in Williamsburg, VA. Sentara Williamsburg Regional Medical Center (http://www.sentara.com/Sentara/HospitalsFacilities/Hospitals/Williamsburg/) is a full serice facility to meet you and your family's medical needs. Your family may not have to travel to Fort Eustis for health care.
Williamsburg is a wonderful place to reside and serve in the United States Army. Allow me to show you personally what Williamsburg, VA has to offer. If you have orders for Fort Eustis, call me today and I'll get the ball rolling! I have had many PCSs and made it through deployments. I can put that knowledge and experience to work for you and your family. Again, call me today to put your next PCS AT EASE!
I hope that I have enlightened and educated you!
Successfully,
Yvette Smith![]()
REALTOR
WILLIAMSBURG, VIRGINIA
757-753-7472
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2013 ActiveRain Corp. All Rights Reserved