Wed Dec 11 2019
This week the median list price for Virginia Beach, VA is $439,900 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has held steady at or around 970.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$439,900|
|Per Square Foot||$178|
|Days on Market||146|
|Slight Seller's Advantage|
Prices appear to be hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$994,000||4,121||0.5 - 1 acre||5||4||28||11||16||278|
|$559,900||2,948||0.5 - 1 acre||4||3||19||15||25||156|
|$365,000||2,275||0.25 - 0.5 acre||4||3||32||28||26||75|
|$245,000||1,533||6,500 - 8,000 sqft||3||2||45||32||37||73|