Official Notice of Candidates for 2021 Board of Directors

Official notice of Candidates for 2021 Board of Directors distributed to all VPAR REALTOR Members

NOMINATIONS FOR 2021 BOARD OF DIRECTORS

The Nominating Committee is proud to announce the following slate of officers and directors for consideration by the membership:

OFFICERS   

2021 President Elect (1 Year Term)

Kaera Mims – Abbitt Realty Co, LLC

2021 Treasurer (2 Year Term)

Russell Skidmore – Berkshire Hathaway HomeServices Towne Realty

 

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

Ruby Conn – Berkshire Hathaway HomeServices Towne Realty

Regina Scott – Berkshire Hathaway HomeServices Towne Realty

Leighton Stone – Garrett Realty Partners

Wanda Stevens – Abbitt Realty Co, LLC

Amanda Walsh Patierno – AMW Real Estate

Baylee Wang – Real Property Management Peninsula

NOTE:  There are six (6) nominees for four (4) 2021 – 2022 Director Positions.

  • Additional candidates for the offices to be filled may be placed in nomination by petition signed by at least ten percent (10%) of the members eligible to vote. The petition shall be filed with the Chief Executive Officer at least fourteen (14) days before the election.
  • Election by online ballot Monday, October 19, 2020 from 8:30 to 4:30 p.m.
  • Absentee ballots may be cast in person within the week prior to the election at the VPAR Office from 8:30am to 4:30pm. Please note Masks and Social Distancing is required when visiting the VPAR Offices.
  • The president will appoint a Tally Committee of not more than (5) members to count the ballots. Ballots will be voided if votes are not cast for total number of positions open (e.g. 4 votes and 4 positions available) except for unopposed candidates for officer positions.
  • The President will not be on the ballot since current President-Elect (Sandra Hood – Coldwell Banker Traditions, LLC) automatically assumes the Presidency in 2021, per the bylaws.
  • If you have any questions please do not hesitate to call Nominating Committee Chair, Carla Carney at 757-329-3072 or Jim Wetzel, CEO at 757-599-5222. Look for candidate profiles in the September Peninsula REALTOR Digital Magazine Update On-line!

Virginia’s Housing Market Sees First Strong Rebound After COVID-19 Downturn 

Virginia’s Housing Market Sees First Strong Rebound After COVID-19 Downturn 

Home sales surge as buyers and sellers return to the market 

Richmond, VA – (August 20, 2020) – According to the July 2020 Home Sales Report released by Virginia REALTORS®, pent-up demand was unleashed on the market as home sales activity in Virginia rebounded strongly in July.

Across Virginia, there was a significant increase in sales activity in July 2020. There were 14,581 home sales statewide, up more than 13% from a year ago and up nearly 11% over June 2020 sales.

It isn’t only homebuyers who are returning to Virginia’s market; sellers are also returning in significant numbers. For the first time in months, new monthly listings in Virginia increased in July 2020. There were over 16,000 new listings brought to the market, more than 6% more listings than in July 2019. 

Despite the uptick in new listings in July, the overall inventory of homes available for sale continues to fall. At the end of July, there was a total of 24,281 active listings across Virginia, a decline of more than 38% compared to the end of July 2019.

 

“There is significant pent-up demand for housing that will keep buyers active in the market through the summer and into the fall. A surge in COVID-19 cases could slow home sales; however, the lack of supply is the biggest constraint on the health of Virginia’s housing market,” says Virginia REALTORS® Chief Economist Lisa Sturtevant, PhD.

 

The Virginia Home Sales Report is published by Virginia REALTORS®Click here to view the full July 2020 Home Sales Report. Current and past reports are available to members, media, and real estate-related industries through the organization’s website.

Homebuyers Return to the Market Following COVID-19 Slowdown 

Homebuyer demand rises as low inventory constrains Virginia’s housing market 

Richmond, VA – (July 23, 2020) – According to the June 2020 Home Sales Report released by Virginia REALTORS®, home sales in most regions of Virginia are rebounding, following spring’s slowdown due to COVID-19.

There were 13,176 home sales statewide in June 2020, up 0.5% from a year ago and up nearly 30% over May 2020 sales. The increase in closed sales in June reflects a return of homebuyers to the market. An easing of stay-at-home restrictions in Virginia, growing acceptance of social distancing measures, and greater use of virtual tools has propelled the increase in market activity.

Record-low mortgage rates are also driving buyer activity. In the week ending July 4, 2020, the average 30-year fixed mortgage rate fell to 3.07%. “Mortgage rates continue to be at historically low levels, and this is providing a major incentive for both refinancing and home purchases,” says Virginia REALTORS® Chief Economist, Lisa Sturtevant, PhD.

Another indicator of strong homebuyer demand is the steady rise of Virginia’s statewide median sales price, which was $318,000 in June, up nearly 2% over June 2019. The average close-to-list price ratio was 99.2 in June, indicating that sellers are getting very close to their asking price. In some local markets, particularly in Northern Virginia, sellers are often getting above asking price.

While buyers are returning to the market, there are not enough sellers to meet demand. Virginia’s inventory of homes available for sale has declined dramatically. At the end of June, there was a total of 23,558 active listings across Virginia, a decline of nearly 40% compared to the end of June 2019, or more than 15,000 fewer listings. A lack of available inventory continues to be a significant constraint on the market. In the weeks and months to come, sales might slow not because of slower demand, but due to a lack of inventory.

 

The Virginia Home Sales Report is published by Virginia REALTORS®Click here to view the full June 2020 Home Sales Report. Current and past reports are available to members, media, and real estate-related industries through the organization’s website.

 

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Robin Spensieri
Vice President of Communications & Media Relations
 
Virginia REALTORS®  •  Shaping the future of real estate.
Mobile: 404-433-6015 • Tel: 804-622-7954
10231 Telegraph Road • Glen Allen, VA 23059
Hours: 8:00 a.m. – 4:30 p.m.