September Home Sales Surge 35% Over 2019

According to the September 2020 Home Sales Report released by Virginia REALTORS®, statewide, September home sales saw a staggering rise of 35% over September 2019.

Sales were up strongly across the Commonwealth, with the Eastern Region seeing a surge of nearly 80% over last year’s sales, the Northern Region seeing a 37% rise, and the Hampton Roads Region seeing an increase of 33%. In the Central Region, sales rose by more than 24%.

While home sales typically slow down after the summer, once school begins and families return from summer vacations, the COVID-19 pandemic has made this fall an a-typical season. “As a result of the pandemic upending the typical market patterns, the strong summer housing market surged ahead into September,” says Virginia REALTORS® Chief Economist Lisa Sturtevant, PhD. “Strong demand and low mortgage rates continue to fuel robust housing market activity.”

This strong demand has had a significant impact on home prices. In September, the median home sales price statewide was $329,900, nearly 13% higher than in September 2019. Homes are also selling much faster. Homes sold in an average of 37 days in September 2020, down from 48 days a year ago.

While demand for homes continues to be high, the lack of available inventory remains the biggest constraint on the performance of Virginia’s housing market. At the end of September, there were over 40% fewer listings than the same time last year.

Click here to view the full September 2020 Home Sales Report.

 

 

Election Results for VPAR 2021 Officers & Directors!

CONGRATULATIONS TO OUR NEWLY ELECTED OFFICERS & DIRECTORS

2021 President Elect (1 Year Term)

Kaera Mims – Abbitt Realty Co, LLC

2021 Treasurer (2 Year Term)

Russell Skidmore – Berkshire Hathaway HomeServices Towne Realty

 

2021-2022 Board of Directors

Ruby Conn – Liz Moore & Associates

Amanda Walsh Patierno – AMW Real Estate

Regina Scott – Berkshire Hathaway HomeServices Towne Realty

Wanda Stevens – Abbitt Realty Co, LLC

2021 Directors of Virginia Peninsula Association of REALTORS® Charitable Foundation

Tanya Barrow, Berkshire Hathaway HomeServices Towne Realty
Laura Gayle, Coldwell Banker Professional
Stephen Flippin, Howard Hanna – William E. Wood
Eugenia C Jackson, Rose & Womble Realty Company
Jeremy Jordan, Atlantic Bay Mortgage Group LLC
Valarie Miller, Liz Moore & Associates
Chandra R Patterson, Rose & Womble Realty Company
Rachel Ward, Coldwell Banker Professional
Kimberly Wood, Howard Hanna – William E. Wood

Monday is Election Day for VPAR 2021 Officers & Directors!

VOTE ONLINE MONDAY October 19th HERE – ONLINE VOTING LINK

VOTE ONLINE 8:30am to 4:30pm

MEET THE CANDIDATES

JOIN US ON ZOOM MONDAY, OCTOBER 19TH at 10am for a special  GENERAL MEMBERSHIP MEETING to MEET THE CANDIDATES!

Join Zoom Meeting

We will give a short Association update and then turn it over to our Board of Director candidates. FREE to attend!

VPAR GENERAL MEMBERSHIP MEETING SPONSORS INCLUDE:

Atlantic Bay Mortgage; Cinch Home Services; National Exterminating; Towne Bank Mortgage and REIN, Inc.

2021 CANDIDATES:

2021 President Elect (1 Year Term)

  • Kaera Mims – Abbitt Realty Co, LLC

2021 Treasurer (2 Year Term)

  • Russell Skidmore – Berkshire Hathaway HomeServices Towne Realty

 

2021-2022 Board of Directors (2 Year Term) – 4 Open Positions

NOTE:  There are six (6) nominees for four (4) 2021 – 2022 Director Positions. All voters must vote for four (4) candidates.

  • Ruby Conn – Liz Moore & Associates
  • Amanda Walsh Patierno – AMW Real Estate
  • Regina Scott – Berkshire Hathaway HomeServices Towne Realty
  • Leighton Stone – Garrett Realty Partners
  • Wanda Stevens – Abbitt Realty Co, LLC
  • Baylee Wang – Real Property Management Peninsula

 


NOTE: Vote for approval of entire slate
2021 Directors of Virginia Peninsula Association of REALTORS® Charitable Foundation

Tanya Barrow, Berkshire Hathaway HomeServices Towne Realty
Laura Gayle, Coldwell Banker Professional
Stephen Flippin, Howard Hanna – William E. Wood
Eugenia C Jackson, Rose & Womble Realty Company
Jeremy Jordan, Atlantic Bay Mortgage Group LLC
Valarie Miller, Liz Moore & Associates
Chandra R Patterson, Rose & Womble Realty Company
Rachel Ward, Coldwell Banker Professional
Kimberly Wood, Howard Hanna – William E. Wood

All Winners will be announced on Tuesday, October 20th after affirmation of the Ballots by the Tally Committee and all candidates have been notified.

Virginia Peninsula REALTORS Charitable Foundation Highlights Transitions Family Violence Services

October is Domestic Violence Awareness Month.  It will only seem fitting to highlight Transitions Family Violence Services. It is a nonprofit organization dedicated to eliminating domestic violence in Hampton, Newport News, Poquoson and York County. It provides comprehensive services to adult and child victims of domestic violence. Since 1977, Transitions has been a pathway to safety and a source of hope for thousands of individuals and families. The mission of Transitions Family Violence Services is to build safe and healthy families on the Virginia Peninsula and work to increase awareness by providing education, prevention programming and opportunities for community members to participate in its mission. Transitions envisions a community that supports healthy relationships and violence-free life.

Please click on the quick video below to get a glimpse of how Transitions Family Violence Services positively impacts the lives of those in need. “Domestic violence is not okay!”

Please click on the quick video below providing domestic violence statistics in our community.
Please visit their website at   https://www.transitionsfvs.org/   to learn more about this wonderful organization.  We are asking and thanking you in advance for donating to the VPAR Charitable Foundation so that we can continue supporting our charities such as Transitions Family Violence Services.