Archive for March, 2014

Featured Property of the Week

Wednesday, March 26th, 2014



201 Grace St   Suffolk, VA 23434

Gracious historical property remodeled and upgraded throughout the whole home. New kitchen, bathrooms and HVAC. Property to be sold “as is”. Sale includes home place and adjacent lot on north side. Located in Suffolk’s Historical District. Must see to appreciate how fabulous this home is!

Listed by: Harry Cross


Featured Property of the Week

Wednesday, March 19th, 2014



205 Marshall Ln  Carrollton, VA 23314

Live elegantly w/LR wet bar/wine frig, FP, pocket & French doors, office, Eat-in Kit w/granite & HW, Family room w/2nd FP, 2 staircases, transoms, tons of storage, formal DR, surround sound, 3rd floor flex room, screened porch, oversize garage w/workroom, huge fenced yard w/gate to community pool.

Listed by: Margaret Richardson


Harry’s Monthly Real Estate Insight

Wednesday, March 19th, 2014

The Suffolk Real Estate market had some mixed news for our area in February. According to the REIN MLS statistics, the total current listings in the Hampton Roads area (10,601) stayed steady as compared to last February, but in Suffolk we were up 13.48% over last year at the same time. Our pending sales were up 20% for the same period last year. This is all good news; except our monthly supply of available homes/listing is 7.56 months and an average market should be in the six month range. Suffolk’s average home price is $200,000, where Chesapeake is $215,000.00 and Virginia Beach is $214,000.00.

Distress home sales are still too much of a factor in the market place. The listings of distress homes are 20.82% and the sales of this type of home are 30.72%. If you look at the sales in the local newspaper, it seems higher than 30% to me.

What does all this mean to our market? The market is better, but not seeing an appreciable upswing in values. We are seeing more demand and in the lower prices we have seen multiple offers. This is below $225,000. The upper value homes are still seeing little demand. A seller must understand their pricing position as compared to competition to catch one of the buyers looking for homes in their price range. We know where that place in the market is, call us we can help you!

Featured Property of the Week

Wednesday, March 12th, 2014



1530 Wilkins Dr.   Suffolk, VA 23434

Immaculate brick home. Hardwood floors & carpet. Kitchen and bathrooms totally re-done. Roof, HVAC, & windows new in 2009. Large deck with furniture. Easy commute to all major cities in Tidewater area. House is move-in ready.

Listed by: Carolyn Bickham


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