Barry Jenkins Jr - Your Friend in Real Estate Team

Virginia Beach, VA

Single-Family Homes

www.virginiabeachrealtysearch.com Barry@yourfriendlyagent.net (757) 965-6982



Virginia Beach, VA

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. Click here to stay informed with the Virginia Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Virginia Beach, VA

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. Click here to stay informed with the Virginia Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Virginia Beach market.
Median List Price $439,900
Per Square Foot $178
Days on Market 146
Price Decreased 40%
Price Increased 5%
Relisted 15%
Inventory 970
Median Rent $1,750
Most Expensive $7,500,000
Least Expensive $110,000
Market Action 37
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.

Market Segments

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