sales statistics: Chesapeake Real Estate July 2008 Sales Statistics
- 08/30/08 04:38 AM
Chesapeake Real Estate July 2008 Sales Statistics Residential sales in Chesapeake dropped by 7 percent in July compared to July 2007, causing the average market time to increase 24 percent, from 68 days to 84 days. The good news is, the median sales price increased 2 percent, while the average sale price increased 1 percent to $305,880. What do these statistics mean for Chesapeake real estate buyers? The Chesapeake real estate market has not started to stabilize and remains a great time to buy a home. Especially with the new first time home buyer incentives provided for in the Virginia Beach Real Estate: Housing & Economic Recovery Act. … (0 comments)
sales statistics: Virginia Beach Real Estate Market Report - July 2008
- 08/28/08 01:42 AM
Virginia Beach Real Estate Market Report Existing-home sales rose from the first quarter in 13 states, largely from buyers responding to discounted home prices, according to the latest quarterly survey by the National Association of Realtors®. Nearly one-quarter of metropolitan areas showed rising home prices in the second quarter from a year ago, with greatly mixed conditions continuing around the country. NAR President Richard Gaylord, a broker with RE/MAX Real Estate Specialists in Long Beach, Calif., said foreclosures are distorting the price data. "In many areas with large concentrations of foreclosure sales, homes are being purchased below replacement cost values," Gaylord … (1 comments)
sales statistics: Virginia Beach Real Estate: Chesapeake Market Report May 2008
- 06/25/08 12:29 PM
Chesapeake Real Estate Market Report A modest gain in the level of home sales is possible over the next couple months, and an improvement is forecast for the second half of this year as more buyers are able to access affordable mortgages, according to the latest forecast by the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in April, rose 6.3 percent to 88.2 from a reading of 83.0 in March. It's the highest index since last October, but remains 13.1 percent lower than April 2007 when it stood at 101.5.Lawrence Yun, NAR … (0 comments)
sales statistics: Virginia Beach Real Estate: Market Report May 2008
- 06/20/08 01:00 AM
Virginia Beach Real Estate Market Report A modest gain in the level of home sales is possible over the next couple months, and an improvement is forecast for the second half of this year as more buyers are able to access affordable mortgages, according to the latest forecast by the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in April, rose 6.3 percent to 88.2 from a reading of 83.0 in March. It's the highest index since last October, but remains 13.1 percent lower than April 2007 when it stood at 101.5.Lawrence Yun, … (0 comments)
sales statistics: Virginia Beach/Hampton Roads Market Trends-Feb 2008
- 02/21/08 10:03 PM
A continuation of soft market conditions is forecast for existing-home sales in the months ahead for Virginia Beach and Hampton Roads, with improvement expected by the second half of this year if loan limits are increased, according to the latest forecast by the National Association of Realtors®. Lawrence Yun, NAR chief economist, said sales activity is expected to remain soft through the first half of the year despite a generational low in mortgage interest rates. "Existing home sales have moved narrowly since last September, but when the full impact of higher loan limits for conventional mortgages begins to impact the market … (1 comments)
Chesapeake Real Estate July 2008 Sales Statistics;)
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