Posts Tagged ‘Chesapeake Real Estate Market’

Chesapeake Real Estate Market Update August 2015

September 16, 2015

Chesapeake Real Estate Market Update is a monthly report of real estate market statistics.   This information is for buyers and sellers that are currently in the real estate market or are thinking about getting in to the market.  Since Chesapeake contains multiple zip codes this analysis may or may not be specific to your subdivision and should only be used as a tool to determine trend lines and a look at Chesapeake as a whole.

In the month of August 2015 the median sold price in CHESAPEAKE, VA was $265,290 and is a 12.94% increase over last year at this time. The number of properties sold was 406 which is a 26.48 % increase over last year at this time.   Currently there are 1696 properties for sale which is a 2.54% increase as compared to last year at this time.  What does this mean to you?  Call or email me and I will answer that question!

Buyers and sellers should consult a Realtor for specific market updates in reference to your subdivision.  A CMA (Current Market Analysis) should be done prior to putting a listing on the market or making and receiving offers.   When visiting the website Chesapeake Real Estate Market Update be sure to check for your zip code, if it is not listed please contact me directly for a specific CMA.

All data was pulled from REIN for Chesapeake Real Estate Market Update.

Doug Wolfe, Principal Broker, Town Real Estate Group, doug@tregva.com, http://www.BetterCallDoug.com

Chesapeake Real Estate Market Update, Chesapeake Real Estate, Chesapeake Virginia Home Search, Chesapeake Home Search

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Chesapeake Real Estate Market Update July 2015

August 21, 2015

Chesapeake Real Estate Market Update is a monthly report of real estate market statistics.   This information is for buyers and sellers that are currently in the real estate market or are thinking about getting in to the market.  Since Chesapeake contains multiple zip codes this analysis may or may not be specific to your subdivision and should only be used as a tool to determine trend lines and a look at Chesapeake as a whole.

In the month of July 2015 the median sold price in CHESAPEAKE, VA was $267,000 and is a 4.71% increase over last year at this time. The number of properties sold was 429 which is a 21.19 % increase over last year at this time.   Currently there are 1782 properties for sale which is a 4.95% increase as compared to last year at this time.  What does this mean to you?  Call or email me and I will answer that question!

Buyers and sellers should consult a Realtor for specific market updates in reference to your subdivision.  A CMA (Current Market Analysis) should be done prior to putting a listing on the market or making and receiving offers.   When visiting the website Chesapeake Real Estate Market Update be sure to check for your zip code, if it is not listed please contact me directly for a specific CMA.

All data was pulled from REIN for Chesapeake Real Estate Market Update.

Doug Wolfe, Principal Broker, Town Real Estate Group, doug@tregva.com, www.BetterCallDoug.com

Chesapeake Real Estate Market Update, Chesapeake Real Estate, Chesapeake Virginia Home Search, Chesapeake Home Search

Chesapeake Virginia Real Estate market Update May 2015

June 17, 2015

Chesapeake Real Estate Market Update is a monthly report of real estate market statistics.   This information is for buyers and sellers that are currently in the real estate market or are thinking about getting in to the market.  Since Chesapeake contains multiple zip codes this analysis may or may not be specific to your subdivision and should only be used as a tool to determine trend lines and a look at Chesapeake as a whole.

In the month of May 2015 the median sold price in CHESAPEAKE, VA was $265,000 and is a 12.77% increase over last year at this time. The number of properties sold was 319 which is a 9.62 % increase over last year at this time.   Currently there are 1767 properties for sale which is a 5.05% increase as compared to last year at this time.  What does this mean to you?  Call or email me and I will answer that question!

Buyers and sellers should consult a Realtor for specific market updates in reference to your subdivision.  A CMA (Current Market Analysis) should be done prior to putting a listing on the market or making and receiving offers.   When visiting the website Chesapeake Real Estate Market Update be sure to check for your zip code, if it is not listed please contact me directly for a specific CMA.

All data was pulled from REIN for Chesapeake Real Estate Market Update.

Doug Wolfe, Principal Broker, Town Real Estate Group, doug@tregva.com, www.BetterCallDoug.com

Chesapeake Real Estate Market Update, Chesapeake Real Estate, Chesapeake Virginia Home Search, Chesapeake Home Search

Chesapeake Real Estate Market

March 10, 2011

Chesapeake Real Estate Market Update is a weekly report of real estate market statistics. This information is for buyers and sellers that are currently in the real estate market or are thinking about getting in to the market. Since Chesapeake contains multiple zip codes this analysis may or may not be specific to your subdivision and should only be used as a tool to determine trend lines and a look at Chesapeake as a whole.

The median list price in CHESAPEAKE, VA this week is $279,900. The 1593 properties have been on the market for an average of 190 days. Inventory is up and Market Action is trending down recently. While dayson-market appears to be trending lower, the overall conditions are weakening a bit. Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Buyers and sellers should consult a Realtor for specific market updates in reference to your subdivision. A CMA (Current Market Analysis) should be done prior to putting a listing on the market or making and receiving offers. When visiting the website Chesapeake Real Estate Market Update be sure to check for your zip code, if it is not listed please contact me directly for a specific CMA.

Chesapeake Real Estate Market Update

Chesapeake Real Estate Market

All data was pulled from REIN and Altos Research for Chesapeake Real Estate Market Update.

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Chesapeake Real Estate Market

January 17, 2011

Chesapeake Real Estate Market Update is a weekly report of real estate market statistics. This information is for buyers and sellers that are currently in the real estate market or are thinking about getting in to the market. Since Chesapeake contains multiple zip codes this analysis may or may not be specific to your subdivision and should only be used as a tool to determine trend lines and a look at Chesapeake as a whole.
This week in Chesapeake the median list price is $299,900 with the average asking price per square foot at $134.00. An average day on market is 196 days. Inventory is tightening and days-on-market is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data. The market has been consistently cool for several weeks. Demand level is low relative to the available inventory. It’s a Buyer’s market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again. Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

Buyers and sellers should consult a Realtor for specific market updates in reference to your subdivision. A CMA (Current Market Analysis) should be done prior to putting a listing on the market or making and receiving offers. When visiting the website Chesapeake Real Estate Market Update be sure to check for your zip code, if it is not listed please contact me directly for a specific CMA.

Chesapeake Real Estate Market Update

Chesapeake Real Estate Market

All data was pulled from REIN and Altos Research for Chesapeake Real Estate Market Update.
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