News About Real Estate and Sports in the Hampton Roads Area: October 2014

Saturday, October 4, 2014

10 New Homes, 2 Award Winning Waterfront Communities, 1 Weekend

Discover 10 quality new homes in two award winning waterfront communities this weekend in Founders Pointe and The Riverfront at Harbour View, located just 12 minutes apart. Founders Pointe is located in the Carrollotin area of Isle of Wight County, located ten minutes from the historic town of Smithfield, Virginia. The Riverfront at Harbour View is located in the northern part of Suffolk and both communities are convenient to both the Peninsula and southside Hampton Roads.
East West Communities, the developer of both Founders Pointe and The Riverfront, is celebrating its 25th year anniversary in the Hampton Roads area of Virginia. For more information, visit www.founderspointe.com and www.the-riverfront.com.

Discover the best in lifestyle communities at Founders Pointe, Liberty Ridge, and The Riverfront at Harbour View. East West is also celebrating its 25th anniversary of the Gatling Pointe Yacht Club, a riverfront club/restaurant and pool complex with a 68 slip marina adjacent to the town of Smithfield, Virginia. Visit an East West Realty Sales Center today.

Wednesday, October 1, 2014

New Home Sales are Up in the Hampton Roads area of Virginia

There's plenty of signs recently that the housing market is gaining momentum and starting to see the surge which was predicted in late 2013 by several economists and many new home industry strategists. New homes sales are also up at Founders Pointe and The Riverfront at Harbour View, both are waterfront communities located in the Hampton Roads region of Virginia by East West Communities. (The homes pictured below left are were recently sold in Founders Pointe by Norman Miller Builder, Inc. (left) and by Stephen Alexander Homes (right)).

A Housing Wire article reports this week that new single family home-builders saw the biggest jump in sales last month in 22 years. The article reports that "sales of new single-family houses in August 2014 were at a seasonally adjusted annual rate of 504,000, up from July’s printing of 427,000, the fastest rate in six years and the biggest monthly jump since January 1992".

Founders Pointe also reports four new home sales in the past 30 days, three of which were pre-sold custom homes by Sasser Construction in the new section which borders Batten Bay in Isle of Wight County, Virginia. Eric Sasser, President of Sasser Construction, has seen an increase in consumer interest in the past few months and has eight new homes under construction in Founders Pointe, and has sold five new homes recently in The Riverfront at Harbour View, located in the northern part of Suffolk, Virginia.

The Wall Street Journal also reports that home-builder optimism surged in September to the highest level since late 2005, a sign that home construction will continue to rise in the coming months.

HousingWire.com reports that "Millennials are now the key driver behind housing confidence" and "A recent report from The Demand Institute found that millennials are finally moving out of their parents’ homes, but rather than buying their own homes, they are choosing to rent." The article also points out that "Almost two-thirds, 65%, of millennials said they agreed with the statement that owning a home is necessary to living the “good life” and is central to the American dream."

With low interest rates, and an increased demand for new homes, it won't be long before we see a significant rise in new home prices. When asked about the home prices, Sasser added "they have are beginning to see indications of future price increases in materials".

Don't delay and miss the good values that are still available. Sasser Construction is currently building in both East West Communities and will open a new furnished and decorated model in Founders Pointe next month. Seven other builders have showcase homes available for sale from $434,900 to $649,900. Founders Pointe overlooks Batten Bay and the waterfront lots offer marsh and water views and distant views of the James River. Founders Pointe is located just ten minutes to I-664/Harbour View, and ten minutes to the Peninsula. Visit www.founderspointe.com for more information.

7 Reasons to Buy a Home in The Riverfront at Harbour View

What's unique about the best selling new home community in the Hampton Roads area in the last decade?

The Riverfront at Harbour View, a master planned community developed by East West Communities, was recently awarded the Stanley Hall of Fame award from the Tidewater Builders Association for having the best quality community development and achieving unprecedented success in our region. The golf course waterfront community has received multiple "Community of the Year" awards and numerous other awards for its new homes and amenities.

What are some of the reasons the community has attracted over 1,000 families since it's grand opening in the spring of 2000? Seven of the unique reasons are listed below:

1. Location- Besides the natural beauty of the property, it has it all from a community development standpoint. It has the hottest location in the Hampton Roads area, if not in all of Virginia. It has shopping, restaurants, and an increasing number of employment centers nearby (located in the heart of Hampton Roads, central to both the Peninsula & Southside) with easy access to I-664.
The Harbor View region has become one of the fastest growing areas for population and job growth increases in the past decade.

2. Resort style amenities - Golf course, two swimming pools, two riverfront parks, and Residents' Club with programmed activities year round. A full time Activities Director oversees our club operation.

18-hole championship Riverfront Golf Course with breathtaking views of the Nansemond River
Elegant Residents' Clubhouse with indoor and outdoor fireplaces, and gazebo Cabana Bar
The Riverfront Swim Club with Junior Olympic swimming pool, and 100 foot water slide
Two waterfront parks with piers and gazebos
43-acre lake with walking / jogging paths
Two tennis courts and volleyball courts
Lakefront amphitheater with gazebo and picnic area
Two children's playgrounds
Leisure / biking trails connecting lakeside amenities through an underground tunnel
Lakeside infinity pool, overlooking 26-acre Eagle Lake
Village Square Park, a two-acre landscaped park with waterfalls and babbling brook

3. Diversity in housing styles, type, and price range- There is something for everyone.From one of the single family condominium homes at Gables at The Riverfront, with prices starting in the $270's range to one of the custom homes from 8 quality homebuilders with new home values ranging in price from the $500's to over $2 million. Lots in the new Village Square Place and Summerhouse Drive section start in the $130's, several lakefront lots remain from $200,000. and a few select golf course and riverfront lots are available for a limited time.

4. Distinctive Architecture- The Riverfront has one of the most distinctive streetscapes in our region for offering a unique blend of new home styles, from the French County, English Cottage, and Craftsman styles, to timeless Traditionals and Transitionals with European architectural influences. Homebuyers can build the dream hoem they've always wanted or selct one of the Showcase Model Homes built for sale. Currently Sasser Construction and ABT Custom Homes have two furnished models available. Norman Miller, Birdsong Builders, Les Ore Construction, Sadler Building Corporation, and Rowe & Weldenfield Custom Homes have new homes in varying stages of construction.

5. Beauty- It is truly a spectacular parcel of land which borders the Nansemond River, with unparalleled views up the James River. Nearly two thirds of the property also offers a premium view of the water (lake, creek, marsh, or river) or the golf course. Highly elevated land, the waterfront lots offer panoramic views, with scenic sunsets on the river.

6. Memorable experiences- One of the unique benefits is the access to water that we give our residents. You don't have to live on the water to appreciate it. Two parks with gazebos and piers have been built at prime riverfront locations for residents to enjoy fishing, canoeing, kayaking, or just sit back and watch the sun set. We've also built two other waterfront amenities- the second swimming pool with an inifinity edge, and the lakefront amphitheater (which also has a playground). An underground bike tunnel also connects the pool to the lakeside park.

7. Timing-
It's a last chance opportunity to custom build your dream home in The Riverfront. We've just opened our last section of single family homesites- the last golf course and riverfront lots are now available. Only 8 riverfront lots remain, and a handful of golf course and lakefront lots remain. With over 1,000 new homes built, the last lots just released, and interest rates still near record lows, now's a great time to explore your new home construction choices and achieve your goal for the dream home you've always wanted.

The East West Realty Sales Team- Tina Manrique, Priscilla LeMoine, Mark Edwards (single family custom homes) and Jasmine Feliu & Jeni Millikin (Gables at The Riverfront condominiums)
Information Center is open daily. (757)-638-9100