Linda Fox-Jarvis - Personal Sphere FEB23

Cheers TO 2023!

We would like to thank all of our clients for their trust and confidence in 2022! We are excited to announce that our team has grown a bit with the addition of two new agents. Karl Konradson, an award-winning agent and U.S. Navy Veteran, joins our team and offers the same level of residential real estate service and experience on which The Linda Fox-Jarvis Team prides itself. In addition, Steve Fox, a local commercial real estate agent and pilot (and Linda’s brother) joins us to round out the team to be able to offer commercial real estate, aviation, and warehousing services. Welcome, Karl and Steve!

Karl and Steve join Linda, Stephanie, Annie, and Maggie to help us serve every corner of the Hampton Roads community and its neighborhoods. With Annie in Norfolk (West Ghent), Karl in Little Neck, Maggie in the Bayside/Shore Drive areas, Steve at the North End, and Stephanie and Linda in Great Neck — THE LINDA FOX-JARVIS TEAM has the area covered. With over 40 years working in real estate, we pride ourselves on our extensive market knowledge throughout Hampton Roads, marketing strategies, mortgage connections, and negotiating skills.

Let us help you make a smooth move — either locally or out of town! We will treat you like FAMILY and never let you be homeless! Remember, we are here for your REFERRALS. The highest compliment you can pay us is to refer your friends, family, neighbors, and business associates to us for their real estate needs. We promise we will treat them like FAMILY!

We wish you and yours a very happy and healthy 2023!

Stephanie, Linda, Annie, Karl, Maggie & Steve

THE CURRENT MARKET

While elevated rates, sluggish sales, and high inflation have taken a toll, it’s unlikely home prices will drop this year. In fact, we may see a further uptick; home prices are holding steady for most parts of the country since inventory is extremely low.

MORTGAGE RATES PREDICTIONS

Housing inventory is about a quarter of what it was in 2008 at just 2% and nowhere near the 30% mark seen during the crash. There are signs that mortgage rates have topped out at 7%.

Home sales are expected to decline by 7% in 2023. However, 2024 is expected to result in a strong rebound, with a projected increase of 10% in home sales and a 5% increase in the national median home price. Prices should hold firm or marginally grow.

We

THE LINDA FOX-JARVIS TEAM 2022 STATS

BIG or Small - North, South, East, or West - We Sell Them All

WE LOVED:

Thank you to all our clients, friends, and family for supporting our team this year! Most of our business comes from YOU, and we are so thankful!

Stunning custom home in Little Neck with 2+ mother-in-law suites plus a first floor primary bedroom with an amazing bath. Great open floor plan with a wall of windows in living/kitchen/dining room that overlook the backyard. Custom kitchen with abundant cabinets, granite counters, large island, and stainless appliance package including two ovens and two dishwashers. Lovely sunroom leads to the backyard. Three-stop elevator offers accessibility for all. Private backyard oasis boasts custom freeform in-ground pool with waterfall, jacuzzi seat, brick surround, pool house, and outdoor kitchen. Whole house generator, well/pump/sprinkler system, huge walk-in attic, two laundry rooms (one on each floor), geothermal HVAC, and solar hot water. Top Quality features, finishes, and fixtures throughout.

THE LINDA FOX-JARVIS TEAM

STEPHANIE JARVIS CASKILL

Team Leader, Listing Specialist, Buyer Broker, CLHMS

LINDA FOX-JARVIS

Marketing Director, Listing Specialist, Associate Broker, CRS

KARL KONRADSON

STEVE FOX

FOR SELLERS FOR BUYERS

It is still a seller’s market and a great time to sell. The inventory of homes is much lower than the demand, and we continue to see many multiple offer and bidding war scenarios. If you’ve been thinking of selling and want to know more about how we can help you make the transition of moving up or down, call us today at 757.490.1254. Let us share our marketing, timing, and negotiating strategies to get the very best price and terms for your home AND ensure a smooth move to your next home. We will never let you be homeless!

It is still a great time to buy a home! Rates may be a little higher, but real estate continues to be a great investment with amazing appreciation rates. It takes a very seasoned and skilled agent to navigate our current market. Let our team help you find that perfect home by being sure no rock goes unturned, including finding off-market properties. Additionally, we are experienced in negotiating the best price and terms and helping our buyers WIN in multiple offer situations. Call us today at 757.490.1254 to talk about your real estate dreams and needs.

An independently owned and operated franchisee of BHHS Affiliates, Inc.

LEGACY

BHHS CHAIRMAN’S CIRCLE DIAMOND AWARD WINNERS RANKED IN THE TOP ½ OF 1% OF BHHS AGENTS WORLDWIDE

ANNIE C. BIRD & MAGGIE MADDOX FANNEY

REALTORS® & Expert Buyer Representatives

REALTOR®, Listing & Buyer Specialist, U.S. Navy Veteran

REALTOR®, Commercial Real Estate, Warehouse & Aviation Specialist