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Spring 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 |
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Cecilia Warren
All/Pros Realty, Inc.
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