What is one of the first questions most of your buyers ask when purchasing a home? “How are the schools?”
To help answer that question and make you as a REALTOR® be “the source of the source,” and to hear all of the latest news from the region’s school leaders, join us for an in-depth panel discussion with each of the Superintendents of School on the Peninsula.
Learn about the various programs, courses, academic trends, athletics, early learning opportunities, and where are graduates headed. Get the inside scoop on how Peninsula school divisions are handling the pandemic, creating a virtual learning platform and incorporating COVID-19 protocols into their schools. From hearing what works in the classroom to focusing on how education is changing, you will not be disappointed in visiting with these dynamic educators.
The panel will include:
Dr. George Parker Newport News Public Schools Confirmed
Dr. Victor Shandor York County School Division Confirmed
Dr. Jeff Smith Hampton City Schools
Dr. Jim Thornton Isle of Wight County Schools Invited
Mr. Arty Tillett Poquoson City Schools
Co-moderated by REALTOR® Peggy Todd, Vice Chair of the VPAR Public Policy Committee and VR RPAC Disbursement Committee Chair, and Dr. David Gaston, former Superintendent of Charles City County Schools and President of Gaston Educational Consulting, LLC.
FREE to attend! Register:
or call us at 757-599-5222
We will send you the Zoom link the day before the class and again the morning of.
Shrinking inventory of available homes leading to faster sales and higher prices
Richmond, VA – (March 18, 2021) – According to the February 2021 Home Sales Report released by Virginia REALTORS®, on average, homes in Virginia sold for above asking price last month. This is illustrated by Virginia’s sold-to-list price ratio, which was over 100% in February.
For many months, strong demand, limited inventory, and historically low mortgage rates have been driving price growth across the Commonwealth. In February 2021, the median sales price statewide was $320,000, up nearly 10% from a year ago. Home prices have been rising quickly for the past seven months. The median sales price in Virginia is now $59,000 higher than it was five years ago.
With the COVID-19 pandemic accelerating the decline in inventory, homes, on average, are selling significantly faster. In February 2021, homes were on the market an average of 35 days statewide, 17 days faster than a year ago. Virginia REALTORS® Chief Economist Lisa Sturtevant, PhD, says, “Homes have been selling faster in local markets across the state. In some counties and cities, a home has multiple offers within just a day or two of being on the market.”
In total, there were 8,804 home sales in Virginia in February, which is 1,400 more sales than in February 2020, an increase of 19.2%. While this number may seem to suggest a booming sales market, it is likely that sales activity this spring will be slower than a typical spring due to the dwindling inventory. At the end of February 2021, there were just 15,712 active listings statewide, more than 12,000 fewer active listings than a year ago, a decline of 43.7%.
The Virginia Home Sales Report is published by Virginia REALTORS®. Click here to view the full February 2021 Home Sales Report. Current and past reports are available to members, media, and real estate-related industries through the organization’s website.