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Winter 2012 Market Update
Now is a great time to buy. Low rates and stabilizing home prices makes a home purchase a great value. If you are ready to Buy or have a home you want to sell, call Cecilia Warren at 757-639-9727 for a private consultation on Buying or Selling in Today’s Market.
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| Average Home Price | $250,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $250,000 - $299,000 |
| Worst Selling Price Range | $800,000 - $849,000 |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | Increasing |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Virginia Beach South is | Increasing |
| Seller Activity for the past 90 days in Virginia Beach South is? | Increasing |
| Multiple Offers? | No |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Good economic news |
| Nearest Metro Area | Virginia Beach |
| Housing Hot Spots | Most Neighborhoods within the Virginia Beach area are considered ’Housing Hotspots’ |
| Average Sold Price | $250,000 - View Graph Trend |
Virginia Beach South Local News
News for Virginia Beach South, VA - October 12th, 2011 8:36am
Here we GROW again. Virginia Beach known for it's beautiful beaches and communities has been recognized, again, by Builder Magazine as number 12 in the country's top 20 housing markets:
"Virginia Beach is slated to have some of the strongest home price appreciation (4.3%) and income growth (4.7%) during the next year and a half."
Want a free market report or learn how to position yourself to purchase a home , please call me directly at 757-639-9727
News for Virginia Beach South, VA - September 22nd, 2011 3:48pm
According to Bloomberg Business Week, Virgina Beach is the 8th best city in America to live. Coming in ahead of larger cities such as New York, Seattle and Sanfrancisco.
Why it's ranked: "Endless miles of sandy beaches and a happening three-mile boardwalk, along with thousands of acres of parks, make Virginia Beach a beautiful place to live. The city has low unemployment, more than 1,000 restaurants to choose from, great schools, and low levels of crime." BloomBerg Business Week's America's 50 Best Cities.
Interested in buying a home in Virginia Beach, call Cecilia at 757-639-9727 or view homes at www.myREexpert.com
Virginia Beach- 8th Best City To Live In - September 22nd, 2011 3:43pm
According to Bloomberg Business Week, Virgina Beach is the 8th best city in America to live. Coming in ahead of larger cities such as New York, Seattle and Sanfrancisco.
Why it's ranked: "Endless miles of sandy beaches and a happening three-mile boardwalk, along with thousands of acres of parks, make Virginia Beach a beautiful place to live. The city has low unemployment, more than 1,000 restaurants to choose from, great schools, and low levels of crime." BloomBerg Business Week's America's 50 Best Cities.
Interested in buying a home in Virginia Beach, call Cecilia at 757-639-9727 or view homes at www.myREexpert.com
Contact Information
Cecilia Warren
757-639-9727
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– Feb 23rd, 2012 –
---------------------------------
30 yr. fixed rate: 3.90%---------------------------------
15 yr. fixed rate: 3.17%
30 yr. jumbo rate: 4.68%
15 yr. jumbo rate: 3.96%
Home Values
StreetZip Code
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
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Request More Information Let me answer your questions! Ask Me!
Cecilia Warren
All/Pros Realty, Inc.
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 757-639-9727
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