Archive | December 2011

Hampton Roads Real Estate Year End 2011 review

Hampton Roads Southern VA Real Estate Market  2011 Sales Statistics-  Highlights from REIN MLS

Listings- 

Residential active listings decreased, 17.3% year-over-year, to 12,162 (November 2011) from 14,698 (November 2010).

Under Contract (Pending) Residential Sales-

Total residential under contract sales increased by 34.8% as compared to November 2010 (1,510 vs. 1,120).

Sales

Total property sales and total residential sales increased when compared to November 2010 showing increases of 9.4% and 9.3% respectively.

Inventory

There is currently 8.15 months’ inventory of residential homes on the market in the Hampton Roads area, a slight decrease from the previous month and down 20.95% from November last year.

What does all this mean, Things are better since 2010 but we are not out of the woods yet.   As of Nov 2011 there are 14,909 properties for sale in Hampton Roads including both Southside and the Peninsula. The new focus for sellers for 2012 is to make their home marketable focusing on presentation and upgrades. But Price is still the most important indicator- you must price it correct for your subdivision.  Appraisers ARE using foreclosure and short sale comps from the last year of sales and this can further drive prices down.  You have to be smart with upgrades, fixups, and remodeling just to sell because dollar for dollar return will not be the case.  Kitchens and Baths still yield the best returns but focus on what is doable for your budget.  It is possible and sometimes more advantageous to just sale as-is but remember you will need an as-is price

The numbers above are skewed because they do not clarify if he property sold was a foreclosure, resale, or short sale and this can and will make a difference.  The best advice is focus on the comparable market analysis study the competition and read the full listing sheets on sold sales.

For a Free Comparitive Market Analysis on your Hampton Roads Home contact me!!!

 

 

THE HAMPTON ROADS REAL ESTATE LADY!

Call me to buy a home in any Hampton Roads area: Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk, Newport News, Hampton, Williamsburg, and now serving York County and the Peninsula.

“I can dream alone, build alone and strive alone, but true        The Hampton Roads Real Estate Lady!

success always requires the help and support of others.

Please send me your referrals.”

 

Visit my website today,

The Hampton Roads Real Estate Lady!

Deandrea “Dee Dee” Jones

Associate Broker / Recruiting Sales Manager Peninsula

Blu Skyy Realty   Virginia Beach, VA

http://DJonesRealEstate.com

djoneshomes@gmail.com

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Chesapeake Buyers Need a Last Minute Holiday Gift? Buy a Home

Are you last minute Joe?  The Ultimate gift procrastinator!  The stores are sold out of the best gifts and it is to late to have something shipped.  I have the answer: Why not give that special someone a contract to close on their DREAM HOME!last minute gifts buy a home   YES!!!!  I can have it gift wrapped for you!!!!!

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If you need help picking out the ultimate gift, If you need to get preapproved, or if your ready to write a contract contact me Today!  Do not procrastinate any longer!!!!!

THE HAMPTON ROADS REAL ESTATE LADY!

Call me to buy a home in any Hampton Roads area: Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk, Newport News, Hampton, Williamsburg, and now serving York County and the Peninsula.

“I can dream alone, build alone and strive alone, but true        The Hampton Roads Real Estate Lady!

success always requires the help and support of others.

Please send me your referrals.”

Visit my website today,

The Hampton Roads Real Estate Lady!

Deandrea “Dee Dee” Jones

Associate Broker / Recruiting Sales Manager Peninsula

Blu Skyy Realty   Virginia Beach, VA

http://DJonesRealEstate.com

djoneshomes@gmail.com

Qualities of Chesapeake Short Sale Sellers

Qualities of a Short Sale Seller especially in Hampton Roads Areas

STOP MONKEY-ING AROUND AND GET THAT HOME SOLD ALREADY!!!

 

You Must be 110% Motivated!         

Dedicated to the process!

Must be Cooperative and Compliant with banks demands!

Must be ready to sell and redy to move!

Willing to use Dee Dee Jones to list your home!

 

If your hanging on to your home by a limb.  Call me today and lets discuss a Short Sale!!

THE HAMPTON ROADS REAL ESTATE LADY!

Call me to buy a home in any Hampton Roads area: Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk, Newport News, Hampton, Williamsburg, and now serving York County and the Peninsula.

“I can dream alone, build alone and strive alone, but true        

success always requires the help and support of others.

Please send me your referrals.”

 

Visit my website today,

The Hampton Roads Real Estate Lady!

Deandrea “Dee Dee” Jones

Associate Broker / Recruiting Sales Manager Peninsula

Blu Skyy Realty   Virginia Beach, VA

http://DJonesRealEstate.com

djoneshomes@gmail.com