|
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.
|
|
| 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
– May 28th, 2012 –
---------------------------------
30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
StreetZip Code
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
| |
Request More Information Let me answer your questions! Ask Me!
Cecilia Warren
All/Pros Realty, Inc.
|
 757-639-9727
|
| Receive New Listings by Email | Get Free Monthly Newsletter | Find Virginia Beach South Homes for Sale | Search Virginia Beach South Real Estate |
(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
Virginia Homes for Sale |
Virginia Real Estate News | Homes for Sale |
Real Estate Market News | Hot Markets
| Agents Join
“Your #1 resource for finding Homes for Sale, How Much My Home is Worth, Community Information and Real Estate Agents!”
© Copyright 1995-2012 HouseHunt Inc - All Rights Reserved