Virginia Real Estate

Virginia real estate is some of the finest in theIf you do not need to be near the nation's capital
country and it is reasonably priced. There are aconsider Virginia Beach North. This area of Virginia real
number of cities with historic significance and evenestate also has more buyers than sellers; however,
entire historical towns, which are run exactly as theyhomes are sitting on the market for 60-90 days with
were when they were founded or during the colonialan increasing market trend and a good supply of
period.homes, unlike Arlington. Homes are going for around
Arlington, Virginia is one area of Virginia real estate$325,000, which is up 0-5% from last years numbers.
that if you are going to buy you needs to be readyFirst time buyers are leading the market with job
to move. The closest metro area is Washington D.C.growth driving it. Sellers are receiving 95-100% of
making this a popular spot for people who work ortheir asking price with no multiple offers.
who are associated with anything happening in theAnother option for Virginia real estate is South
Nation's capital. Homes are selling in as little asVirginia Beach. This area is located near Norfolk.
fourteen days after listing with more buyers thanThere are more sellers than buyers in this real estate
sellers on the market and an extremely tightmarket, the market trend shows no change and
inventory. The average home is selling for $350,000homes are sitting on the market for 60-90 days.
on an increasing market trend, which is not bad forThere is a good solid supply of homes in all price
being so close to Washington D.C. The prices are upranges and prices are down 5-10% with the average
five percent from last year's numbers. There areprice now sitting at $225,000 dollars. Sellers are
multiple offers on homes so competition can bereceiving 90-95% of their asking price with no
fierce and first time buyers and move up buyers aremultiple offers and single-family homes are showing
sowing the most activity. Sellers are receivingthe greatest amount of activity. Population growth
somewhere around ninety-nine percent of the askingdue to the naval installations provides a solid base for
price of their home and good economic news isthis market.
helping to drive the market.