Our new condominium homes in Chesapeake offer the perfect “staycation”

This summer, you could be living in a stylish new two-bedroom home of your own at King’s Pointe at Western Branch in Chesapeake -  and enjoying all of the pleasures and privileges that come with it, including your own private neighborhood pool and clubhouse. Who needs a vacation when it’s like being on one at home?

Own a brand-new home for probably less than you are paying in rent and receive incredible incentives such as all closing costs and prepaids, one year of condo fees and a free stainless steel appliance package. For complete details on our incentives, click here or visit King’s Pointe today. Our sales office is open daily 11am-6pm and Sundays from noon-6pm.

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Posted in Kings Pointe at Western Branch | Tagged , , , , , | Leave a comment

Builder Confidence Soars in June

The Grove at The Arboretum

The National Association of Home Builders (NAHB) announced today that builder confidence has surpassed levels not seen since April 2006.

“This is the first time the HMI has been above 50 since April 2006, and surpassing this important benchmark reflects the fact that builders are seeing better market conditions as demand for new homes increases,” said NAHB Chairman Rick Judson, a home builder and developer from Charlotte, N.C. “With the low inventory of existing homes, an increasing number of buyers are gravitating toward new homes.”

For the complete news release, click here.

Still renting? What are you waiting for? At any one of our new condominium communities throughout Chesapeake you can still get a great deal on a brand-new home of your own, probably for less than you are paying in rent! Visit dragas.com to learn more.

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Posted in Kings Pointe at Western Branch, The Grove | Tagged , , , , , , , | Leave a comment

Digging the pool at The Apartments at Spence Crossing

It’s a summer state of mind at Spence Crossing!

We are really excited to get started on our private, resort-style pool and inviting community clubhouse with an open-air kitchen for grilling and entertaining. Outdoor patios, playgrounds and parks, even a private dog park, make The Apartments at Spence Crossing one of the most attractive apartment complexes in Virginia Beach—or anywhere else in Hampton Roads for that matter.

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Posted in Spence Crossing at Princess Anne | Tagged , , , , | Leave a comment

Have you seen more of The Dragas Companies throughout Chesapeake?

The Dragas Companies has been popping up all over Chesapeake! As a proud sponsor of the 50th anniversary of the City of Chesapeake, our Chesapeake 50 banners are displayed on traffic lights throughout the city. This banner is just up the street from The Grove at The Arboretum, a Dragas new condominium community in the heart of Greenbrier.

For more information on the events celebrating Chesapeake’s 50th anniversary, click here.

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Spence Crossing at Princess Anne, an exciting new community, coming soon to Virginia Beach

Conceptual Site Plan

Everyone is talking about Spence Crossing and the attractive, high quality blend of residential, retail and hospitality neighbors planned for its future. The community itself is located on 130 acres in the fastest growing area of Virginia Beach, just minutes from military and municipal centers, schools, shopping, dining, entertainment, even a major sports complex. Soon, you could be living there yourself in a beautiful, affordable new home of your own in one of four attractive village communities, each with its own character and style.

Halstead: 208 single-family condominium homes in a wide range of family-friendly floor plans

Crofton: 148 luxury villas with high-end detailing and open, spacious floor plans

Fernhill: 148 fresh, modern villas with floor plans designed for the way you want to live

Also coming in 2014: Stylish and spacious 3-story townhomes

To stay up to date on Spence Crossing at Princess Anne’s opening, including presale pricing, click here 

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Posted in Spence Crossing at Princess Anne | Tagged , , | Leave a comment

King’s Pointe at Western Branch: 12 New Homes Sold in May!

Looking for luxury? Our bright, spacious two-story quads at King’s Pointe give you the style you want and the room you need—and all for an affordable price, currently starting at $187,900.00.

Interested in something a bit smaller? Our charming, garden-style flats offer open, airy floor plans with a fresh and modern appeal, at a price that makes homeownership more affordable than you imagined, starting in the $130′s.

King’s Pointe at Western Branch offers value, convenience and the quality you can count on from an award winning, local builder, The Dragas Companies. Visit dragas.com to learn more.

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Fannie Mae releases survey results, showing record optimism regarding housing

Fannie Mae released the results of their May 2013 National Housing Survey, showing Americans’ confidence in the housing market has increased sharply. Among the highlights of the survey:

The average 12-month home price change expectation jumped to 3.9 percent, the highest level since the survey’s inception.

The share of people who say home prices will go up in the next 12 months hit a survey high of 55 percent, while those who say home prices will go down dropped to 7 percent, the lowest level since the survey’s inception.

The share of respondents who say mortgage rates will go up increased 3 percentage points to 46 percent, while those who say rates will go down hit a survey low of 5 percent.

At 76 percent and 40 percent, respectively, the shares who say it is a good time to buy a house and who say it is a good time to sell a house both reached survey highs.

The average 12-month rental price change expectation dropped to 3.4 percent, the lowest level since September 2012.

Holding steady from last month, 48 percent of those surveyed say home rental prices will go up in the next 12 months.

For the complete news release, click here.

If you are looking to make the leap from renter to homeowner, time is ticking. Rising sales prices and interest rates are imminent, while rents continue to push upward as well. Your new home in one of our Dragas condominium communities can be ready this summer. What are you waiting for? Visit dragas.com to learn more about how affordable home ownership can be.

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Posted in Kings Pointe at Western Branch, Spence Crossing at Princess Anne, The Grove | Tagged , | Leave a comment

Anticipated Rents Announced for Spence Crossing!

We are busily working on all of the details to open The Apartments at Spence Crossing this summer, including installing some new signs last week!

Our brand-new 1, 2 and 3-bedroom apartments in Virginia Beach fit your life, your style and your budget, with anticipated rents starting at just $1,100.00! The Apartments at Spence Crossing is located in the Princess Anne section of Virginia Beach, one of the most active and thriving areas in all of Hampton Roads. Life here means easy travel to work, school, recreation and the best of Virginia Beach shopping, dining and fun. Quick access to major transportation routes can take you anywhere in Hampton Roads easily—and bring you right back home again to your own personal retreat at Spence Crossing.

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Pending Home Sales Reach Highest Level in Three Years

The National Association of Realtors announced today that Pending Home Sales for April were at the highest level seen since April, 2010 which marked the deadline for the home buyer tax credit.

Lawrence Yun, NAR chief economist, said a familiar pattern has developed. “The housing market continues to squeak out gains from already very positive conditions. Pending contracts so far this year easily correspond to higher closed home sales in 2013,” he said. Total existing-home sales are expected to rise just over 7 percent to about 5 million this year.

For the complete news release, click here.

If you are still renting, what are you waiting for? Sales prices and interest rates are starting to creep up as the housing market continues to show measured improvement. Buying your first home in any of our new condominium communities built by The Dragas Companies is a smart move. Not only will your mortgage payment be likely less than you are paying in rent, but you also get the peace of mind of having 1, 2 and 10 year warranties on your new Dragas home. Our low maintenance communities are perfect for your active lifestyle and our locations throughout Chesapeake are convenient to everything in Hampton Roads. Visit dragas.com to see why owning your own new home built by The Dragas Companies could be the smartest move you make.

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Posted in Kings Pointe at Western Branch, The Grove | Tagged , , , , , , , , , , | 1 Comment

New Homes in Chesapeake for Under $1,100/month

Take the path of lease resistance.

A brand-new home of your own? For less than you’re paying in rent? The path to homeownership starts here, with a beautifully landscaped, low maintenance home in Chesapeake from The Dragas Companies.

Act now to receive the following incentives on select homes at King’s Pointe at Western Branch and The Grove at The Arboretum:

Free Stainless Steel Appliance Package, All Closing Costs and Prepaids and One Year of Condo Dues. Plus, ask about of FREE moving package! These incentives are available for a limited time, so don’t wait to make a Dragas Community your new home in Chesapeake. Visit dragas.com for details on pricing and incentives.

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Happy Memorial Day from The Dragas Companies!

In observance of Memorial Day, the Dragas corporate office will be closed today. Our sales offices at King’s Pointe at Western Branch and The Grove at The Arboretum will be open from 11am-6pm. Thank you to all of the service members that sacrifice so much to protect our great country.

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New Homes Sales Increase in April

The National Home Builders Association (NAHB) reported that sales of new homes experienced a 2.3% increase last month as supply in housing continues to fall, creating greater urgency with buyers.

“Builders are reporting an active spring buying season as consumers become more confident about going forward with a new-home purchase along with steadily firming prices in local markets,” said Rick Judson, chairman of the National Association of Home Builders (NAHB) and a home builder from Charlotte, N.C. “While the cost of constructing homes is rising due to tightened supplies of materials, lots and labor, to some extent, this may be creating greater urgency among potential buyers.”

For the complete release, click here.

Ready to change your status from renter to homeowner? A newly built condominium home in any of our Dragas Communities throughout Chesapeake makes perfect sense for today’s first-time homebuyer. The math just adds up, you can buy a new home today for probably less than you are paying in rent! For more details, visit dragas.com.

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Posted in Kings Pointe at Western Branch, The Grove, Tip of the Day | Tagged , , , , | Leave a comment

The Apartments at Spence Crossing starts construction on the clubhouse

Framing has started on the community clubhouse planned for The Apartments at Spence Crossing! The planned amenities include a private, resort-style pool, and an open-air kitchen for grilling and entertaining. Outdoor patios, playgrounds and parks, even a private dog park, make our all-new rental community one of the most attractive apartment complexes in Virginia Beach—or anywhere else in Hampton Roads for that matter.

To keep up on all of the happenings at The Apartments at Spence Crossing, click hereto be added to our interest list. You’ll get first shot at pre-leasing appointments before our planned opening later this summer.

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Posted in Spence Crossing at Princess Anne | Tagged , , , , , , | Leave a comment

Hadley Park at Greenbrier, Opening Spring 2014!

Hadley Park at Greenbrier was approved by a unanimous vote at City Council last night!

Planned to open next Spring, Hadley Park will feature 92 attached two and three bedroom condominiums and is conveniently located in the Greenbrier section of Chesapeake, just blocks away from Greenbrier Mall and all of the shopping, dining and entertainment available in this vibrant neighborhood.

Stay tuned to dragas.com for more updates on our newest planned Dragas Community!

Hadley Park at Greenbrier Conceptual Site Plan

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Posted in Hadley Park at Greenbrier, New Communities | Tagged , , , , , , | Leave a comment

WOW! 6 new homes sold last week at The Grove at The Arboretum!

The Grove at The Arboretum was busy last week, selling 6 new condominium homes! Priced from the low $200′s, these two and three bedroom condos offer an incredible value with unmatched quality. Conveniently located in the Greenbrier section of Chesapeake and built by the award winning Dragas Companies, The Grove has sold more than 75 new homes in just over a year since our grand opening! With only 35 residences left to sell, time is running out to make The Grove your new home. Visit dragas.com to learn more, or stop by our sales office for a tour of our three furnished models. We are open daily 11am-6pm and Sunday from noon-6pm.

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Posted in The Grove | Tagged , , , , , , | Leave a comment

Going Vertical at Spence Crossing

Framing has begun at The Apartments at Spence Crossing!

Thinking about renting in Virginia Beach this summer? You’ve come to the right place. The Apartments at Spence Crossing is a stylish new apartment community in Virginia Beach with beautiful 1, 2 and 3-bedroom floor plans. Check back often for updates on this conveniently located community built by The Dragas Companies, an award-winning local builder with more than 40 years experience in Hampton Roads.

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Posted in Spence Crossing at Princess Anne | Tagged , , , , | Leave a comment

REIN announces 2nd quarter sales are off to a good start in Hampton Roads

Real Estate Information Network (REIN) announced today that Hampton Roads sales figures are off to a strong start in the 2nd quarter of 2013:  

 

The Hampton Roads Real Estate market got off to a strong start for the second quarter of 2013. April 2013 was characterized by a year-over-year decrease in the number of residential active listings while residential pending and settled sales experienced significant year-over-year increases, driving the market in a positive direction. 

According to the announcement, inventory remains low throughout Hampton Roads, specifically in Newport News and Chesapeake, while the area’s median residential sales price has increased. For the complete release, click here.

Ready to change your status from renter to homeowner? Visit dragas.com to see how realizing your dream of homeownership can be easier, and more affordable, than you think in any of our new condominium communities throughout Chesapeake.

 
 
 
 

 

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Posted in Kings Pointe at Western Branch, The Grove | Tagged , , , , , , | Leave a comment

Pouring Slabs at Spence Crossing

Our production staff and subcontractors were hard at work before the sun came up this morning, pouring the first slab for The Apartments at Spence Crossing!

 

You’re close to it all at Spence Crossing. The Apartments at Spence Crossing is located in the Princess Anne section of Virginia Beach, one of the most active and thriving areas in all of Hampton Roads. Life here means easy travel to work, school, recreation and the best of Virginia Beach shopping, dining and fun. Quick access to major transportation routes can take you anywhere in Hampton Roads easily—and bring you right back home again to your own personal retreat at Spence Crossing. More more information and to be added to our interest list, click here.

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Posted in Spence Crossing at Princess Anne | Tagged , , , , | Leave a comment

New Homes in Hampton Roads for Under $1,100*/month!

A home of your own. Now under $1,100*/month.

Go ahead, spring for it.

Why rent when you can own a brand-new condominium home, conveniently located in Chesapeake, built by The Dragas Companies?

Buy now at King’s Pointe at Western Branch or The Grove at The Arboretum and receive the following incredible incentives on select homes*:

$5,000 off the base price of your new home

Free Stainless Steel Appliance Package

All closing costs and prepaids

One year of condo dues paid

Plus, we’ll even move you for FREE!!!

*For complete details and restrictions, click here.

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Posted in Kings Pointe at Western Branch, The Grove | Tagged , , , , | Leave a comment

Dragas Mortgage Welcomes Connie Clyburn, Senior Loan Officer

Lisa Parker, President of Dragas Mortgage Company, announced that Connie Clyburn has joined its Virginia Beach office as Senior Loan Officer.

Ms. Clyburn has over 30 years of residential lending experience in Hampton Roads and brings a vast array of knowledge to the Dragas Mortgage team as she has previously held positions in Mortgage Underwriting, Operations Management and Loan Origination.

A member of Tidewater Mortgage Bankers Association and an affiliate member of Hampton Roads Realtors Association, Ms. Clyburn has supported charitable organizations to include The Foodbank of Southeastern Virginia, American Cancer Society, Children’s Hospital of King’s Daughters and National Kidney Foundation.

Dragas Mortgage Company has been providing loans for home purchases and refinances to homeowners in Hampton Roads since 1968.

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Posted in Meet the Dragas Team | Tagged , , , , | Leave a comment

New Home Sales Jump 1.5% in March

The National Association of Home Builders reported today that new home sales increased 1.5% in March:

“This is the second-best sales number we’ve seen since early 2010, and a good sign of the continued, gradual headway that our industry is making toward recovery as more buyers jump off the fence in time to take advantage of today’s low interest rates and prices,” said Rick Judson, chairman of the National Association of Home Builders (NAHB) and a home builder from Charlotte, N.C.

For the complete report from NAHB, click here.

Are you a renter whose ready to make the jump off the fence into homeownership? Dragas Communities like King’s Pointe at Western Branch and The Grove at The Arboretum, conveniently located in Chesapeake, Virginia offer brand new condominium homes for less than you are probably paying in rent! To find out more, visit dragas.com.

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Posted in Kings Pointe at Western Branch, The Grove | Tagged , , , , , , | Leave a comment

The Grove at The Arboretum, offers the convenience of Greenbrier at a comfortable price

Buying a home is one of the best investments you can make for your future. And when it’s a brand-new, beautifully designed, move-in ready home in a community like The Grove—for less than you’re probably paying in rent? That’s an investment that starts paying off right away.

The Grove at The Arboretum features 2 and 3 bedroom condominium homes, including a floor plan with a cozy downstairs master suite, with prices currently starting under $200,000.00.

For a limited time receive these incredible incentives on select homes: ALL Closing Costs and Prepaids, FREE Stainless Steel Appliance Package, and PAID Condo Fees for One Year!

For details on incentives and payments, click here.

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Posted in The Grove | Tagged , , | Leave a comment

Buy Now at King’s Pointe for Under $800/month!

Why throw money away each month on a place someone else owns? Right now, you could buy a brand-new, well-built home of your own in King’s Pointe at Western Branch—and all for less than you’re probably paying in rent. For a limited time on select homes you’ll receive these exciting incentives:

ALL Closing Costs and Prepaids, One Year PAID Condo Fees and a FREE Stainless Steel Appliance Package!

Stop by our fully decorated models this weekend, we will be open 11-6 Saturday, noon-6 Sunday, or visit dragas.com for more information. For details on incentives and payments click here.

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Posted in Kings Pointe at Western Branch | Tagged | Leave a comment

Exciting milestone reached at The Apartments at Spence Crossing

We’ve reached an important milestone at The Apartments at Spence Crossing, the newest apartment community built by the award winning Dragas Companies! Last week we started foundation work on the first building! Dave Cowen and David Buckley were on site supervising the work as we get started on our stylish new apartment community in Virginia Beach with beautiful 1, 2 and 3-bedroom floor plans, opening this summer. At The Dragas Companies, we know what today’s renters are looking for—quality of life and quality construction.

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Posted in Meet the Dragas Team | Tagged , , , , , | Leave a comment

Buying is Cheaper than Renting in all 100 Largest Metro Areas, including Hampton Roads

According to a recent article by Trulia, buying a home is now considerably more affordable than renting in the top 100 largest metro markets in the United States, including Hampton Roads:

In fact, homeownership is cheaper than renting in all of America’s 100 largest metros. That’s because falling mortgage rates have kept buying almost as affordable, relative to renting, as it was last year.

For the complete article on trulia.com, click here. If you are ready to kiss your landlord goodbye, now is a great time to buy in any of our new condominium communities throughout Chesapeake. Interest rates are still at record lows and our incredible incentives make purchasing your first home from The Dragas Companies an easy decision. Visit us at dragas.com today.

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