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Portsmouth, Virginia: Three month reports

By
Real Estate Agent with CoastalVa Realty Inc

Below is a look at the trend for the past three months in Portsmouth, Virginia. 
These statistics are obtained from REIN, the multiple listing service and are deemed reliable but not guaranteed. They do include all sales.

Contrary to news reports houses are still selling, but there are many more homes on the market than in previous years.  

Bank owned, and goverment owned properties accounted for 25 sales in March,  20 in February and 13 in January.

Short sales are difficult to determine as agents input the information in different manners in to the MLS


Please call me if you'd like to buy or sell your home in Portsmouth, Virginia. I'd be happy to talk with you and help you determine the best pricing whether you are buying or selling. For more information, please visit my website

 

Closed Sales

Closed Sales

Closed Sales

 

January

February

March

Portsmouth Listings 

 51

62

70

Average Price

$134,455

$172,631

$146,192

Days on the Market

101

111

102

 

Off Market

Off Market

 

January

February

March

Expireds

51

89

50

Withdrawn

52

59

70

Reduced

41

41

41

To buy or sale real estate in the Chesapeake, Norfolk, Virginia Beacha, Portsmouth or Suffolk, Virginia visit my website at  www.TereRottink.com

Homes for Sale in Virginia Beach and Chesapeake, VA 

    www.TereRottink.com 

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Comments (5)

Lanre-"THE REAL ESTATE FARMER" Folayan
Samson Properties - Bowie, MD
I don't make promises.I deliver results.SOLD HOMES

Tere your virginia real estate reports is kind of similiar to mine. More houses are taking longer to sell. And how did you get those cool buttons? Great post.

Apr 16, 2009 01:19 PM
Naoma Doriguzzi
Virginia Beach - Virginia Beach, VA
New Media Director

tere - it is good to hear that sales are going up in units.  Are you going to do a va beach one?

Apr 16, 2009 02:56 PM
Tere Rottink
CoastalVa Realty Inc - Virginia Beach, VA

Naoma I just posted the Virginia Beach one.

 

Lanre:  I will post in one of your comments the link for the buttons.

Apr 17, 2009 05:55 AM
Jim Cheney
Saint Francis Property Santa Rosa, CA - Santa Rosa, CA
Rincon Valley Realtor 707.494.1055

Glad to know homes are selling in Portsmouth.  We have a manditory "short sale" box that has to be checked when adding a listing into the MLS.

Apr 17, 2009 06:09 AM
Matt Listro
National Credit Fixers - Matt Listro - Vernon, CT
Your Credit Repair Expert

Hi Tere: I agree with Naoma - good to see them going up!

:)

Apr 18, 2009 10:23 AM