South Hampton Roads Real Estate Sales Statistics – August 2009
September 21st, 2009 by Dave MacklinNow is a GREAT time to be buying a home in Hampton Roads, if you are looking for a long term investment. Now is not the time to buy and flip…but to buy and hold for 3,4 or 5 years.
South Hampton Roads Real Estate Sales Statistics – August 2009
|
Norfolk |
Sold Listings |
Median |
Average Sale Price |
Average Days |
% Change in Units |
% Change Median Price |
|
August 2009 |
199 |
$191,000 |
$220,224 |
88 |
3.65% |
-4.98% |
|
2008 |
192 |
$201,000 |
$239,348 |
81 |
|
|
Norfolk-Homes are selling in Norfolk. Although the prices were down it appears folks just have decided to get it done.
|
Virginia Beach |
Sold Listings |
Median |
Average Sale Price |
Average Days |
% Change in Units |
% Change Median Price |
|
August 2009 |
503 |
$245,000 |
$286,863 |
80 |
-3.08% |
-4.24% |
|
2008 |
519 |
$255,837 |
$300,524 |
70 |
|
|
Virginia Beach is the only one of our cities showing a decline in both activity and prices from last August. Still, that’s over 41 properties a month trading hands; not too bad!
|
Portsmouth |
Sold |
Median |
Average Sale Price |
Average Days |
% Change in Units |
% Change Median Price |
|
August 2009 |
92 |
$155,000 |
$162,019 |
80 |
1.10% |
-6.06% |
|
2008 |
91 |
$165,000 |
$178,568 |
82 |
|
|
Portsmouth One more house sold in August 2009 than August 2008, which shows some stability in activity, however the prices are still in a decline.
|
Chesapeake |
Sold |
Median |
Average Sale Price |
Average Days |
% Change in Units |
% Change Median Price |
|
August 2009 |
291 |
$255,000 |
$271,071 |
80 |
11.49% |
-8.27% |
|
2008 |
261 |
$278,000 |
$295,395 |
80 |
|
|
Chesapeake Is still showing a decline in median sales price although the number of homes sold increased significantly from August 2008. The days on market stat is interesting!
|
Suffolk |
Sold |
Median |
Average Sale Price |
Average Days |
% Change in Units |
% Change Median Price |
|
August 2009 |
105 |
$260,000 |
$296,862 |
77 |
14.13% |
2.06% |
|
2008 |
92 |
$254,750 |
$296,563 |
90 |
|
|
Suffolk Yeah, both the median home sale prices and the number of units sold have increased over last August! This is the only one of our cities to show an increase in both categories.
To learn more about South Hampton Roads real estate, please contact us at 866-222-0158 #550 or visit ButlerTeamHomes.com.
Interested in knowing what your South Hampton Roads real estate is worth? Visit HRHouseValue.com.
Statistics compiled from Real Estate Information Network. They are deemed reliable, but not guaranteed.
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