Virginia Beach Real Estate Market Is Different

By
Real Estate Agent with RE/MAX Allegiance

Virginia Beach Real Estate Market Is Different

houseThis was the headline of a recent advertisement in the VirginiaPilot...

Our Real Estate Market Is Different.

The ad continued to read:

It is important not to interpret current home prices and home price appreciation only in the context of the housing market of 2004-2005. Over the long term, home prices in Virginia have increased moderately -- and steadily.

  • In the 1990s, home prices in Virginia appreciated at an average of about 2% annually.
  • From 2000 through the 2nd quarter of 2006, average price increases were about 12% annually.
  • In the third quarter of 2007 (latest data available) the house price index for Virginia shows home prices up 3% compared to the 3rd quarter of 2006.

The average sales price for Virginia Beach real estate appreciated approximately 6% in 2007 compared to 2006. Read the full report.

Visit VirginiaBeachHomeSellers.com and have the current market value of your home emailed to you. And start your Virginia Beach home search here.

Virginia Beach Home Search  Virginia Beach Home Value  Virginia Beach New Home Listings

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Location:
Virginia Virginia Beach City County Virginia Beach
Tags:
virginia beach real estate
market trends
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Rainmaker
148,836
DeAndrea "Dee Dee" Jones
The Northern VA Real Estate Lady
Home Buyers Marketing II, Inc.
We should be lucky are area has any appreciation at all.  We have been lucky not to have faced some of the damaging market trends of other areas.  We still have people moving in and out regularly and although at times it takes 6 months to complete a sell at least we are not seeing foreclosed signs everywhere.
March 16, 2008 01:19 PM
Rainmaker
1,352,386
Sam Miller
Knox County Ohio
RE/MAX Stars Realty
Good information and I am happy to hear you saw some appreciation in your market while many other markets went flat.  Tell your lovely wife I will be needing her services again later this month.
March 16, 2008 10:29 PM
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Rainer
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Dave Macklin

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