This graph shows the average price of homes sold by month in Williamsburg (Zip Codes 23185 and 23188) from April 2000 through December 2008. It suggests that our market peak was in the early Summer of 2006. While the market has fallen a bit since then, it's perhaps just a single digit percentage. Clearly, the bottom hasn't fallen out!
For more graphs and, my personal favorite comparing Williamsburg property values to the S&P 500, click on the link to the right (or just go to www.williamsburgproperty.com).
Bob Gasink, Associate Broker, Long & Foster Realtors
Nobody works harder for YOU!
Licensed in Virginia