Featured Property

February 23rd, 2017

205 N. Broad St, Suffolk – $155,500

Old Town Suffolk
Spacious 5 bedroom, 2 bath Cape Cod. First floor master, large living area open to dining room and eat-in kitchen. All rooms are great size. 4 bedrooms upstairs. Freshly painted inside. Hardwood floors thoughout

Listed by: Carolyn Bickham 757-334-3076

 

 

 

 

 

 

 

 

 

 

In The News for Buyers and Sellers

January 30th, 2017

The Glass is Half-Full and Rising!

The statistics for home sales in Hampton Roads for 2016 show that our real estate market continues to improve for sellers.  We’d like to say we are in a glass half full and rising market.  The average sale price for 2016 was $225,000, up from $218,000 in 2015.  More impressive was the fact that 9.02% more homes sold in 2016 than they did in 2015.  Most importantly for current sellers or people thinking about listing their home this year, the number of active listings continues to decline.  In December 2016 there were 9,108 homes listed for sale, which is the lowest number since April 2006.  Anytime you are selling anything, the less competition you have the better.
Part of the reason we say the glass is half full, is that the average sales price had a higher increase in 2015 (5.3%) than 2016 (3.2%).  Plus, rising interest rates will mean buyer’s have to have a higher monthly payment or look in a lower price range from a couple of months ago.
Having said that, we still feel that unless the economy takes a hard hit, prices should continue to go up in 2017.  We have written about this before, but as a quick reminder, local numbers show sellers are most likely to have their home under contract in April.  In order, the top five sales months are April, June, May, July, and March.  If you are going to sell your home this year, it is in your best interest to be listed before the end of February to take advantage of the number of buyers looking in March.
Now is the time to start talking about getting your home ready if you want to sell this year.  We are happy to do a quick, no obligation walk through on your home.  We can share with you some tips to help you get your house ready to bring top dollar, and tell you what your house could sell for in this market.  Please give us a call (757-726-SOLD) or email LeeCross@CallCrossRealty.com  or HarryCross@CallCrossRealty.com and we will help you take advantage of this rising market
 

Featured Property

January 25th, 2017

2909 Brittany Way, Chesapeake – $250,000

Great home, sought after schools, plus a good sized fenced-in backyard. Four bedrooms, newer appliances, roof is roughly five years old, in-ground sprinkler system with a well, and the master has three closets. 12X20 shed with power & replacement windows.

Listed by: Lee Cross 757-726-7653

 

Featured Property

December 12th, 2016

 

3809 Sunnyside Ave, Portsmouth – $139,900

Brand new paint, refinished hardwood floors, fenced in backyard, & three bedrooms, plus a bonus room. Home is located in a hidden jewel of a neighborhood within an easy commute to all of Hampton Roads.

Listed by: Lee Cross 757-726-7653

 

 

 

 

 

 

 

 

 

 

 

In the News for Buyers and Sellers

November 21st, 2016

While we had a great time trick or treating last month, my need for a crystal ball has not gone away.  Interest rates on thirty year loans have moved up about a half a percent over the last week, and it looks like the Federal Reserve is going to raise their rates in December.  Of course the last time the Federal Reserve increased their rate, the rates for thirty year home loans went down.

Homes in Hampton Roads are continuing to sell, and the months’ supply of inventory is a little over five months, which is the lowest number since 2009!  The year over year numbers are looking better for sellers as well.  When comparing the average sales price for a home in Hampton Roads, it is 4.57% higher in October 2016 than it was in October 2015.  Also, Suffolk has 22.43% more homes under contract in October 2016 than we did in October 2015.

While I don’t have a crystal ball, I do expect the local real estate market to continue to do well over the next twelve months.  The one thing I do know for certain is that eleven years ago today I was lucky enough to marry the girl of my dreams.

I hope you all have a great Thanksgiving and be on the lookout for our second annual Christmas Light contest starting next weekend!

 

By: Lee Cross

 

Community Fun

November 16th, 2016

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Featured Property

November 16th, 2016

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422 Hastings Place, Suffolk – $344,900

Well kept one owner home on a quiet cul-de-sac in Governor’s Pointe. First floor master bedroom, side loading garage and no back door neighbors.

Contact Lee Cross 757-726-7653 for more information

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Community Fun

November 2nd, 2016

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Featured Property

November 2nd, 2016

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724 Moore Farm Ln, Suffolk – $324,900

New construction with fantastic floor plan plus granite, kitchen island & dream master with tile bathroom & jetted tub. Completion date estimated to be mid December: buy early and you can choose cabinets, granite, carpet & paint color! You’ll love the stone work & side-load garage. No HOA!

Contact Margaret Richardson 757-635-9546 for more information

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Featured Property

October 26th, 2016

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1054 Snead Dr, Suffolk – $250,000

Great house in sought after neighborhood. backyard is ready for entertaining with lighted decks and patio. Converted garage currently used for a daycare or home school. All appliances convey. Handicap stair chair. Backs up to golf course.

Contact Carolyn Bickham 757-334-3076 for more information

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