The Gloucester Point market slowed with a 17.9% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (13.9) with 23 homes sold. In comparison, nearby Virginia Beach had 530 sales in the same time frame, the most of all neighboring cities. The median sales price climbed to $265,733 over the latest reporting period for Gloucester Point, up from $258,450. With decreasing sales and the availability of seven months of inventory, Gloucester Point is a definite buyer's market.
These listings in Gloucester Point recently reduced their price, so be sure to check them out for a potentially great deal: