Brick Georgian on 8 Acres in Williamsburg, Virginia

Williamsburg Land
Custom brick Georgian on 8 acres minutes from Colonial Williamsburg. This secluded home features, 5 BRs, 4.2 BATHS, open kitchen, thermador appliances, hardwood floors downstairs, massive great room, vaulted ceilings, spacious master bedroom downstairs, classic two story foyer, bonus craft/art space, 5th bedroom or study off master, 3 car garage, almost 8 acres, private drive, detached 2160 sqft garage, and a 1400 sqft walk-out unfinished basement. Fantastic setting just off route 199, York County taxes with a Williamsburg address. Wonderful home, huge unfinished basement No Homeowners Association, deep well at 375 feet, sprinkler system, and privacy at every turn.. Call or text John with questions or appointments. Proudly offered at $947,000!
102 RILEY'S PLACE KITCHEN
102 RILEY'S PLACE FAMILY ROOM

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Home prices fall to 2002 levels

Williamsburg Homes For SaleNEW YORK (CNNMoney) — The housing market started the new year with a thud. Home prices dropped for the fifth consecutive month in January, reaching their lowest point since the end of 2002.
The average home sold in that month lost 0.8% of its value, compared with a month earlier, and prices were down 3.8% from 12 months earlier, according to the S&P/Case-Shiller home price index of 20 major markets.

Home prices have fallen a whopping 34.4% from the peak set in July 2006.

“Despite some positive economic signs, home prices continued to drop,” said David Blitzer, spokesman for S&P. “Eight cities — Atlanta, Chicago, Cleveland, Las Vegas, New York, Portland, Seattle and Tampa — made new lows.”
Only three of the 20 index cities registered gains in January, led by Phoenix, which climbed 0.9% month-over-month, Washington, up 0.7%, and Miami, which edged 0.6% higher.

Home buying much cheaper than renting

home pricesHousing market indicators have sent confusing signals so far this year, with existing home sales and new home sales down month-over-month in February, but up year-over-year.

Potential homebuyers lack confidence in the market, according to Michael Feder, CEO of Radar Logic, an analytics company that produces daily spot prices for real estate. A big problem looming is a massive number of potential foreclosures.

“People see that there are millions of homes underwater, and at elevated risk of foreclosure, and conclude that housing values are unlikely to appreciate in any meaningful way for many years,” he said.

On the other hand, home builders have turned more bullish and are gearing up for more new construction. Mortgage rates are also still very favorable and the economy is getting better with hiring on the rise.

Ken H. Johnson, a real estate professor at Florida International University, thinks all these factors are helping the housing market turn around, but the recovery will take time.

Readers on mortgage settlement: ‘This stinks’

“The housing market is like a large cruise ship that turns slowly, often temporarily losing ground due to currents and change in momentum,” he said. “While the ship is turning, drags on the housing market are also present and must be addressed before a full recovery is accomplished.”

Feder said there is some evidence that the housing market recovery is approaching. One clue is that regular sales, as opposed to bank sales of foreclosed homes, increased dramatically over the past few months.

That indicates that sellers have capitulated to the lower sales prices of foreclosures and have adjusted their expectations of the prices their homes can command in the market.

He called that a good thing, because it means the market bottom is near. Once it does turn, there could be a rapid increase in buying, said Feder, as there is a much pent-up demand for homes.

Despite the market current turmoil, home ownership is still the goal of most Americans, according to a survey released Tuesday by Fannie Mae.

It found that while financial constraints and employment concerns are keeping homebuyers on the sidelines right now, two-thirds of renters say they intend to buy someday.

Bernanke: Fed didn’t cause housing bubble

“Some Americans may not be financially positioned to own a home in the near future,” said Doug Duncan, chief economist for Fannie Mae.
“But they may begin to revisit that aspiration as employment and household balance sheets improve over the coming years,” he said.  To top of page
First Published: March 27, 2012: 9:11 AM ET
By Les Christie @CNNMoneyMarch 27, 2012: 11:11 AM ET

Home prices have fallen a whopping 34.4% from the peak set in July 2006

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Luxury Kingsmill Home at Sandy’s Fort!

This Kingsmill Home offers Luxury & Charm!

Rare Kingsmill home to the market! Welcome To 124 George Sandy’s in Sandys Fort. This amazing and rare custom built home in Sandy’s Fort of Kingsmill boasts character, sophistication & detail.The Betty Ann Davis design features 6 total bedrooms with 5.5 baths at over 7000 SQFT. The downstairs begins with a two story vaulted foyer with a breathtaking spiral staircase. The crafted millwork throughout the house is seen in the door casings, arched openings & crown molding. The kitchen features top of the line commercial grade stainless appliances, custom stained concrete countertops and a massive center island with bar. The downstairs has multiple spaces to entertain to include a gathering room, eat-in kitchen, large custom wet bar and a great room. This kingsmill home is a rare turn key property!


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The downstairs also has two bedrooms with a full bath accented by a custom tiled shower, seamless glass door & granite countertops. The upstairs has 4 total bedrooms, a craft or playroom, a long hall with a sitting area and a massive 40 x 17 bonus room. The owners just completed the 3rd floor space, great for an extra bonus room, playroom, or media room with over 1000 sqft.  The home is proudly offered at a new price of $1,299,900.






Kingsmill Story

Kingsmill is a place steeped in honored traditions and genuine Southern hospitality. When the first English foot was placed in Virginia, it was here on these grounds that once served as a central part of the area’s plantation life in the 1600’s through 1800’s.
Today, Kingsmill Resort retains those magnificent traits inherent in Kingsmill’s early life with grand accommodations, gracious hospitality and stately service. The Resort’s Plantation Golf Course is routed along what was once the original Kingsmill Plantation, and other resort properties and features are similarly located on plantation grounds.
In 1969 Anheuser-Busch purchased 3,900 acres of James River land with plans to build a large brewery. As part of the land purchase agreement, Anheuser-Busch agreed to develop hundreds of those acres into what is now Kingsmill Resort.
In 2010, Kingsmill Resort was purchased by Xanterra, who is the largest national and state park concessioner in the United States. They are committed to practicing integrity and quality, while leading in environmental stewardship and creating unforgettable memories for their guests. From the Kingsmill site and click the link for information about the resort and area. Call or email John Martin for information about your next Kingsmill Home.

Things to do

Family fun. It’s a term that gets bandied about rather loosely these days. But not here at Kingsmill. It may sound odd, but we take fun very seriously here. Then again, one day is all it takes to realize that statement isn’t odd at all. For thrills, tee it up on our three 18-hole championship golf courses, serve an ace on our 15 clay and hard-surface tennis courts, or make a big splash at our mammoth outdoor pool. Or find a little bliss with more tranquil pursuits found on peaceful Wareham’s Pond or even a relaxing visit to our world-class spa, there’s truly something for every member of your family here. Ask me about your next Kingsmill home?

All Brick Kingsmill Home a block from the Water!

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New Listing at 383 Emily Dickinson in Port Warwick!

Port Warwick RealtorWelcome to Port Warwick and 383 Emily Dickinson. Very rare floor plan and lot location. One of the largest lots in Port Warwick. with an extra 3rd detached garage bay. Custom redesign with Builder, oak hardwood floors, glazed mixed color custom cabinets, custom lighting package, vaulted ceilings, granite tops, master bedroom downstairs, center island with farm sink and granite, eat-in kitchen, and 2 bedrooms upstairs with full baths, screened porch, added single car garage, massive lot with custom landscape, private setting backing up to greenspace. A must see! Proudly offered at $495,000.

Port Warwick Real EstatePort Warwick is an award-winning, mixed-use community… located off Jefferson Avenue in Newport News, Virginia. Created and developed by Bobby Freeman, president of Tower Park Corporation, Port Warwick was conceived to be the urban core residential community of the city’s new mid town central business district. At the center of the Port Warwick community lays Styron Square, a three acre green space designed after the great squares of London. It was named after the Newport News native and Pulitzer prize-winning author, William Styron. Surrounding the Square is a vibrant retail and business district featuring over 40 locally owned specialty shops, exclusive restaurants, numerous general businesses and medical buildings. Not to mention, over 1,500 people call Port Warwick home, living in houses, townhouses, live-above homes, apartments and condominiums on or near Styron Square.

Port Warwick Art FestivalIn addition to shopping and dining in the community, the Port Warwick Conservancy, the property owners association, and the Port Warwick Foundation, sponsor a series of events and activities in Styron Square from a weekly summer outdoor concert series to an annual arts and sculpture festival.

Port Warwick is located in Newport News, Virginia.

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