$385K  
Sellers in Chincoteague weren't able to find buyers for their properties, resulting in a 30 day period of no sales. Chincoteague usually averages 0.3 sales per month. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks.
Comments:

Chincoteague has a much younger population than other areas in Virginia with a median age of 52 years. It is also less affluent than average with a median income of $39,700 per household. The Chincoteague market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area. The best school in the city is Chincoteague Elementary School.
Comments:

$385K  
No deals were completed in the Chincoteague market over the last 30 days. Chincoteague usually averages 0.3 sales per month.
Comments:

$385K  
The Chincoteague market was quiet this week as no sales were reported over the previous 30 days. Chincoteague usually averages 0.3 sales per month.
Comments:

$385K  
The Chincoteague market was quiet this week as no sales were reported over the previous 30 days. Chincoteague usually averages 0.3 sales per month.
Comments:

$385K  
The Chincoteague market saw sales remain flat this week with one home sold over the last 30 days and new listings also remain flat at zero. The median sales price remained unchanged over the latest reporting period for Chincoteague, coming in at $42,000. There are only two months of inventory available in Chincoteague, so it's a definite seller's market, even if sales are flat.
Comments:

$385K  
The Chincoteague market saw zero homes go under contract, and failed to break out of an established downward trend. The market had total home sales of one over the last 30 days, maintaining last week's pace. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. The median sales price remained unchanged over the latest reporting period for Chincoteague, coming in at $42,000. In spite of contracts trending lower, there are only two months of inventory available, which signals that Chincoteague is a still definite seller's market.
Comments:

$385K  
Chincoteague is a larger than average city in Virginia with 2,941 residents. Also, it has a lower than average density with 322.7 people per square mile. Chincoteague is an area where 23.7% of the homes are owned, while 7.7% are rented. The top school in the city is Chincoteague Elementary School.
Comments:

$385K  
The Chincoteague market extended a three-week hot streak this week, even as sales remained flat at one home sold over the last 30 days. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. While sales were solid, months of inventory hit two, extending an upward trend to four weeks. With inventory so low in Chincoteague, it's still a definite seller's market, even after taking into consideration the decrease in sales.
Comments:

$385K  
With one home sold in the Chincoteague market over the last 30 days, we see no change from last week's numbers. In addition, there was no shift in the amount of sellers who came into the market in the same time frame, with zero new listings for buyers to choose from. The median sales price dropped dramatically to $42,000, down from last week's $87,000. With only two months of inventory to sell, Chincoteague is a definite seller's market, in spite of the flat sales.
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Douglas Realty LLC
Snapped 1 home in this area
Snapped 1 home in this area

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