Archive for November, 2013

Featured Property of the Week

Tuesday, November 26th, 2013

 

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2156 Kings Hwy   Suffolk, VA 23435

Brick ranch with 4 bedrooms, 2 baths on .71 acres. Large eat-in kitchen, den, & sun room. 2 car detached garage 24X28. Located next to a pond with a river view.

Listed by: Marion Grigg

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Harry’s Monthly Real Estate Insight

Monday, November 18th, 2013

More good news! According to REIN MLS, the medium listing price is up 10.1% compared to the same time last year. The residential closed sales are also up 16.4% over last year. The market is going slowly in the right direction. We think it will continue this trend. It will not be a big appreciation in values because we still need to get through the “bank owned” inventory. New construction is still at half of what it was ten years ago. Total October listings were 13,917 and monthly inventory supply is 6.23 months, which is down slightly from last October.

From a National Association of Realtor report we find that the internet was used by 92% of those searching for a home. In 2003 only 71% used the internet for home search’s. Online websites and local Real Estate agents account for where almost all of the info on homes is generated. One new trend is that mobile phones and tablets are a high percentage of where buyers are looking online. There are new apps for making that search easier.

Just for fun, go online and type in your address. You will get your tax info, some status on your home, map with location, aerial photo and some of the online sites will give you an estimate of value. Some of the values are good but many are no where close, but it is interesting! One site has a “make me move” that essentially says give me an offer I can not refuse. Wow. It is crazy, but it is what is happening in our industry.

Have a great Thanksgiving and give thanks for where you live!

If you want to move, call me!


Featured Property of the Week

Wednesday, November 6th, 2013

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3045 Manning Rd   Suffolk, VA 23434

Custom built traditional on 23.30 acres. 4 bedrooms, 3 full baths, large family room, sunroom, hardwood floors throughout. Ceramic tile in baths. 32X24 Detached barn with a 14X32 shop & 4 stalls. 2 car attached garage and a 3 car detached garage.

Listed by: Marion Grigg

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