Being an owner/broker of a small real estate company in a rural area of Virginia, I hear people complaining all the time about the lost of value in their property.  I took it upon myself to research and see how much of a lost (percentage) this area has seen over the past couple of years.  I was surprised to see that today's sales volume is similar to that of 1999 and 2000.  Looking even closer at the numbers, I noticed that this area during the 1900's appeared to have an inflation rate of 3 to 5 percent depending on your location.  I noticed that during the 2003 through 2005 the inflation rate ranged from eight percent to as high as twenty-five percent.  So, if you purchased your home at the very top of the market in 2004/2005 maybe you have seen some deflation, but the majority of the properties in this area have not.  The problem sellers are seeing today is that they are having to sell for FAIR market value and not INFLATED market value.  Being an agent of the 1980's and watching the dollar volumes raise and fall, this is just another cycle in the market.  I do not believe I will ever see the likes of 2004/2005, but if it does happen again, I promise this time I will save a little more money.  I would like to know what other areas are seeing as far as inflation vs deflations.

Welcome to my fellow bloggers.  I am located on the Eastern Shore of Virginia also known as the Delmarva Peninsula.  Most people ask where are you located.  We are east of the Chesapeake Bay and west of the Atlantic Ocean.  We are a 70 mile long peninsula that main source of income is agricultural.  We are the part of Virginia that does not touch the rest of the state.  We are connected by a 21 mile bridge "The Chesapeake Bay Bridge Tunnel".

Enough, I want to get the word out that we are a true sleeper in the real estate industry.  We have homes (intown and country side), waterfront homes (Bayside or Seaside), farms (Large & Small), condos Waterfront & Golf Course) and more.  You can buy a small get-a-way home starting under $100,000.  We have waterfront homes starting in the $450,000 range and up. 

We have it all.  Assateague National Seashore with long sandy beaches, Eastern Shore Yacht & Country Club with 18 hole golf course, tennis courts, club house and marina,  Bay Creek with 36 hole golf course, marine, restaurants and more. 

So if you are looking for investment property, retirement property or a second home, call my office today.  (757) 787-1010 or (800) 288-7037 and we are Weichert, Realtors Mason-Davis.  We have been in the real estate brokerage business since 1967.