The Virginia Beach real estate market continues to show signs of improvement.  Recent trends
show that inventory is declining, pending & closed sales are increasing.  In Tidewater, we consider
a healthy market to havea 6 month supply of homes, and we have just over that when factoring in 
pending sales.  When we exclude these pending sales, we are looking at a 7 month supply of homes!

High end homes in Virginia Beach are selling!   These are homes with 3000+ sq ft & priced over $500K. 
The last sixty days really tells the story.  High end homes in Virginia beach are showing similar trends as the lower priced homes, those priced between 200K and 300K, that is a steady upward increase in sales and pending homes. 

In the last 60 days homes priced over $500K are showing the following trends:

69 Pending sales.  These pending homes have an average of 3500 sq ft, 4 bedrooms and 3 bathrooms the average sales price is $842K

There have been 85 Sold homes in Virginia Beach. These high end homes ahve over 3,000 sq ft, 4 bedrooms and 3 bathrooms.  The average sales price for these homes is $780K.

If you are interested in viewing any home in Virginia Beach I am available to serve your real estate needs.