Archive for May, 2013

Featured Property of the Week

Wednesday, May 29th, 2013

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312 Whaley St   Suffolk, VA 23438

Endless possibilities! 14.7 acres,  pond, pool, 8 stables, detached apartment & huge steel 30X16 workshop with phase 3 power. Home has an open floor plan, hardwood floors, wrap around porches, and a first floor master bedroom.

Listed by: Lee Cross

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Featured Property of the Week

Wednesday, May 22nd, 2013

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114 Hillside Ave   Suffolk, VA 23434

Exceptional home in desirable neighborhood. 4 bedrooms, 2 1/2 baths, in-ground pool, workshop & kids dream tree house.

Listed by: Susan Wilkins

 

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Featured Property of the Week

Thursday, May 16th, 2013

1572 Jackson Rd Front

1572 Jackson Rd   Suffolk, VA 23434

Exceptional condition in surprising Suffolk! Large eat-in kitchen that brings people together; summertime fun with family & friends await you. Deck, patio, attached & detached garage, rolling lawn perfect for children or pets; nearby shopping & quick interstate access  add even more value. Hope you enjoy your tour.

Listed by: Phyllis Evans

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Harry’s Monthly Real Estate Insight

Tuesday, May 14th, 2013

Is the Market in Suffolk Really Better?

I think the answer is YES. We have experienced more buyers in the market and more good listings that are not “short sales”. We actually had two homes with multiple offers. That was a shocker. The overall number of residential listings is going down and in Hampton Roads the number of pending and under contract reports is up over last year. The current supply of inventory is 6.02 months according to the REIN MLS system. We would like to see it in the five range.

All good news for a seller. The region’s residential median sales price is $199,250.00 which is up slightly from last month.

Short sales and bank owned listings are still 27.76% of the market, which is way too high for the market to be in balance.

The challenges are still in the bank owned properties holding values down. Having a better over all economy will help with a lot of issues. Interest rates are still great at around 3.375% for 30 years and 2.7% for 15 years. Refinance now, because the prediction is, these are going to go up.

How can we help you or a friend? Referrals are how we do most of our business.

Summer is coming, as soon as we get over global cooling!!!


Featured Property of the Week

Wednesday, May 8th, 2013

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2424 Carolina Rd   Suffolk, VA 23434

 

Immaculate ranch on 1 acre lot! Completely remodeled 3 bedroom with Jacuzzi tub. Huge 22X40 deck. Detached garage converted to man cave with bar.

 

Listed by: Susan Wilkins

 

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