Puzzled about Virginia Beach real estate values? Everyone is so don’t feel bad.
Statistics for Virginia Beach Detached and Attached Real Estate Homes for the month of August 2008 are available below. Also, the Virginia Beach real estate statistics compare both 2007 and 2008 numbers.
View changes in units on the Virginia Beach, VA real estate market, Median List Price, Average List Price, percent change in Units, and percent change in average list price.
You may also review “pending sales” which may be considered the best indicator of real estate values.
You can review previous month’s real estate statistics that you can use for a year to year comparison. Very
important: ……………
Understanding Virginia Beach real estate list prices: …….what is offered towards the active listing price, what is offered in closing cost assistance, and other items (repairs, additions, warranties), etc., are not reflected in the below numbers for Virginia Beach real estate. In most cases they have a significant impact on the purchase of real estate in Virginia Beach, Chesapeake, or elsewhere.
A seller may offer or be asked for real estate closing cost assistance which greatly helps the buyer purchase the home and a builder may offer upgrades or financing incentives.
The Virginia Beach, Chesapeake, and Hampton Roads real estate Buyer continues to be in the “driver’s seat”. Inventory of real estate is high which translates into some very good deals for home buyers and real estate investors.
Mortgage money is available.
| Real Estate Statistics for Virginia Beach, VA August 2007 and August 2008 |
|||||||||||
| 2007 Aug | 2008 Aug | ||||||||||
| Units | Virginia Beach Median List | Avg List | Units | Virginia Beach Median List | Avg List | % change in Units 2007-2008 | % change Avg LP 2007-2008 | ||||
| 3930 | 340,000 | 469,420 | 3898 | 324,900 | 479,079 | -0.81% | 0.14% | ||||
| Pending Sales | Avg List | Pending Sales | Avg List | ||||||||
| 562 | 254,950 | 321,555 | 496 | 249,945 | 305,109 | -11.74% | -5.11% | ||||
Also recommended real estate reading:
Military,
Retirees, Disabled Veterans, and Surviving Spouses Must Review the Military
Movers Plus Real Estate Program. Arguably – one of
the best financial decisions available and better than USAA,
Navy Federal
(NFCU), or other local real estate programs.
9
Items For The Virginia Beach first-time Real Estate home or condo buyer
Do
you really need a Home Warranty – think twice
See
how Virginia Beach, VA Schools Rank with Report Cards
Get
Important information about the Virginia Beach, VA Government
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