Virginia Beach City Real Estate Market Retreats to Home Sales Low

The Virginia Beach City market hit a low point in the last 30 days, as sales shrank 8.0% to 530 homes, the lowest amount since April. When comparing other close-by counties within the same period, the most came from Chesapeake City with 305 sales. Potential buyers should note that prices went up in Virginia Beach City, with the median for this period rising from $245,000 to $247,950.

Looking for an inexpensive home to live in? Then make sure you see these wonderful listings available in Virginia Beach City:

$102K   $103K   $104K  

Get started right now by checking out Virginia Beach City homes for sale or reviewing Virginia Beach City real estate trends.

Demographic facts about Virginia Beach City:

  • The rating for this area for population growth is 50. (Scale: 1 = Worst, 100 = Best)
  • You can expect to pay property taxes at a rate of $11.13/$1,000.
  • The area's commuter length breakdown is: <15 min (24.7%), 15-29 min (45.1%), 30-44 min (22.7%), 45-59 min (4.5%), >60 min (3.0%).

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Weichert Realtors-Inlet Prop.
Snapped 23 homes in this area
Rose & Womble Realty Company
Snapped 2 homes in this area
Nuvia Rivera & Associates
Snapped 56 homes in this area

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