More homes for sale have entered the Greater Williamsburg market and the number of pending and closed sales have taken a dip, according to the latest home sales report from the Williamsburg Area Association of Realtors.
The group, which is comprised of more than 400 realtors across the Greater Williamsburg area, covers Williamsburg, James City County, York County, New Kent County, Charles City County, Newport News, Hampton, Surry and Gloucester.
The organization reports an increase in new listings and quick turnaround for homes on the market during the month of May, with 34 additional single family attached and detached homes being listed when compared to May last year.
Detached single family homes sold at a median of 22 days after being listed, while condos and apartments typically sold after being listed for 27 days, which is a sizable decrease from last year in both markets.
Despite the increase in listings, the number of pending home sales across the Greater Williamsburg area has dropped by 11 percent for detached homes and 7 percent for condos and townhouses. Closed sales for both kinds of homes have also dropped by one sale when compared to last year.
“That’s more of an indication of low inventory rather than lack of buyer interest,” said Kimber Smith, the president of the Williamsburg Area Association of Realtors. “The good news is that inventory is up slightly over this time last year, which will help with fulfilling the ongoing demand.”
In Williamsburg and James City County, new listings have increased along with the monthly inventory of homes when compared to May 2017. Median sales prices in both localities also remained about even, with homes selling for $315,000 in JCC and $317,475 in Williamsburg.
The largest difference between the two localities came in closed sales for the month, with 151 James City County homes being sold versus 14 closed sales in the City of Williamsburg.
New chiropractic and wellness practice Infinite Wellness of Williamsburg recently opened its doors to the public.
Its owner, Dr. Steven Ruescher, brings 25 years of experience in the field to his new business, which is on Olde Towne Road. According to a news release, the clinic specializes in treating patients suffering from spinal arthritis, disc problems, fibromyalgia, headaches, neck problems, lower back problems and sciatica.
“There are three major causes of health problems,” said Ruescher. “Health problems come from stress, chemical toxicity and trauma. We try to look at all three to see what the true cause is. Only then can we begin a plan to help our patients recover.”
Ruescher said he aims to help his patients without the use of drugs or surgery, and offers rehabilitative, physiotherapeutic, weight loss and nutrition services in addition to chiropractic care.
The office is open Tuesdays and Thursdays from 9 a.m. to noon, and again from 2 p.m. to 5 p.m. Free consultations are offered to first-time patients. For more information, call the office at 757-345-3838.
Area retirement community Williamsburg Landing has partnered with systems integration company K4Connect to install smart home devices in all of its campus buildings.
K4Connect comes from a background in creating technological solutions for older adults and those living with disabilities. Its system, called K4Community, is specially designed for senior living communities and allows residents to track their fitness, sign up for activities and message family members through a smartphone or tablet application.
Greg Storer, president and CEO of Williamsburg Landing, said the community is committed to providing its residents with more options and a wide range of services.
"Our goals are to expand access and improve quality, while exploring new cutting-edge innovation in the industry, and that is just what we're doing with the addition of K4Community,” said Storer. “We're excited to be partnering with a company which aligns with our mission and is truly committed to the needs of our residents."
By connecting items like the thermostat and light switches to the K4 system, Williamsburg Landing staff will able to track trending data such as HVAC and lighting usage, according to a news release.
“We're thrilled to be working with an organization that lives and breathes their mission and is truly dedicated to making the lives of their residents better,” said K4Connect CEO and co-founder F. Scott Moody. “Our technology is proven to make older adult's lives simpler, healthier and happier, and we are excited to bring this convenience and value to the residents of Williamsburg Landing."
The system is expected to roll out later this summer.
Area commercial real estate agency RJS & Associates, Inc., has announced a number of new transactions in the Greater Williamsburg area.
» WB, LLC, also known as Rouse-Sirine Associates, Ltd., Land Surveyors and Mapping Consultants, purchased a 1,152 square foot office condominium at 1311 Jamestown Road. Joe Singley represented the seller in the negotiations for the transaction.
» Kissimmee, Florida-based OLCC Virginia, LLC purchased a 2.58 acre parcel of land located at 11017 Lightfoot Road. Joe Singley represented the seller in the negotiations for the transaction.
» Lumos Networks, Inc., which specializes in providing fiber-based custom networks, purchased a 0.5 acre parcel of land located at 7508 Richmond Road. Bobby Singley represented the seller in the negotiations for the transaction.
Arriaza can be reached at 757-790-9313 or on Twitter @rodrigoarriaza0.