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Virginia Beach Market Trends

Today, November 23, 2009

Median Sales Price in Virginia Beach

Embed Info
1 yr 5 yr Max
Virginia Beach median sales prices
Number of sold homes in Virginia Beach
No. BedroomsAug - Oct '09y-o-y3 months prior1 year prior5 years prior
1 bedroom$165,000+31.0%$193,500$125,995$87,000
2 bedrooms$169,000-5.1%$169,950$178,000$125,000
3 bedrooms$220,000-2.2%$227,575$225,000$175,000
4 bedrooms$295,000-0.6%$285,000$296,900$259,900
All properties$230,000-4.2%$240,000$240,000$187,000
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Virginia Beach Summary

The median sales price for homes in Virginia Beach VA for Aug 09 to Oct 09 was $230,000. This represents a decline of 4.2%, or $10,000, compared to the prior quarter and a decrease of 4.2% compared to the prior year. Sales prices have appreciated 23% over the last 5 years in Virginia Beach.

The average listing price for Virginia Beach homes for sale on Trulia was $462,802 for the week ending Nov 18, which represents an increase of 0.1%, or $263, compared to the prior week and an increase of 2.2%, or $9,768, compared to the week ending Oct 28. Average price per square foot for Virginia Beach VA was $149, a decrease of 5.1% compared to the same period last year. Popular neighborhoods in Virginia Beach include Northwest, North Central, and US Navy Little Creek Amphibious Base.

 

Average Listing Price in Virginia Beach

Embed Info
1 yr 5 yr Max
Virginia Beach average property price
Virginia Beach – number of properties
No. BedroomsWeek ending
Nov 18
w-o-wWeek ending
Nov 11
Week ending
Nov 4
Week ending
Oct 28
1 bedroom$234,774+0.2%$234,417$241,393$235,411
2 bedrooms$248,848-1.8%$253,367$255,141$247,801
3 bedrooms$327,8670.0%$327,887$326,572$317,464
4 bedrooms$488,408-0.6%$491,560$499,551$489,520
All properties$462,802+0.1%$462,539$466,685$453,034
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Average Price Per Sqft for Homes in Virginia Beach

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1 yr 5 yr Max
Virginia Beach average price per square foot
No. BedroomsAug - Oct '09y-o-y3 months prior1 year prior5 years prior
1 bedroom$160+1.9%$212$157$113
2 bedrooms$148-12.4%$150$169$113
3 bedrooms$149-4.5%$160$156$131
4 bedrooms$146-3.3%$142$151$139
All properties$149-5.1%$154$157$132
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Popular Neighborhoods in Virginia Beach

Neighborhoods Week ending
Nov 18
w-o-w Week ending
Nov 11
Week ending
Nov 4
Northwest 1 — 1 1
North Central 2 — 2 2
US Navy Little Creek Amphibious Base 3 — 3 3
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Homes for Sale in Virginia Beach

2701 Shirley Landing Drive, Virginia Beach VA
2701 Shirl…
$550,000
4 br  3 ½ ba
3558 Shore Drive, Virginia Beach VA
3558 Shore…
$269,000
1 br  1 ba
1220 Sotheby Court, Virginia Beach VA
1220 Sothe…
$548,000
5 br  3 ba
1856 Royale Walk Drive, Virginia Beach VA
1856 Royale…
$450,000
5 br  4 ba
1293 Holly Point Road, Virginia Beach VA
1293 Holly…
$625,000
4 br  3 ½ ba
3028 Saville Garden Way, Virginia Beach VA
3028 Savil…
$239,900
3 br  2 ½ ba
View all Virginia Beach Homes for Sale
 
Stats & Trends
Virginia Beach

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Neighborhoods

Northwest

North Central

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  • Dams Neck Naval Air Station
  • Fort Story
  • North Central
  • Northeast
  • Northwest
  • Oceana Naval Air Station
  • US Navy Little Creek Amphibious Base
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  • 23450
  • 23451
  • 23452
  • 23453
  • 23454
  • 23455
  • 23456
  • 23457
  • 23458
  • 23459
  • 23460
  • 23461
  • 23462
  • 23463
  • 23464
  • 23465
  • 23466
  • 23467
  • 23471
  • 23479
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Nearby Cities

Cities
Median
sales price
Average
listing price
Norfolk
$175,000
$298,621
Chesapeake
$224,900
$329,233
Portsmouth
$147,000
$202,652
Hampton
$185,000
$245,616
Newport News
$182,890
$235,075
Seaford
$130,000
$555,048
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Advice

Recent Q&A in Virginia Beach, VA

Q: What happens after an auction when the properties don't sell? i.e. Sanctuary at False Cape 12 answers
Q: recent sales in 23452 4 answers
Q: Does anyone have any details of what the Sanctuary at False Cape condos went for at this weekends auction? 3 answers
Q: Im in the navy and transfering in Dec. to va bch. ill be stationed at little creek and im torn between an apartment and buying a foreclosed home. 18 answers
Q: Look at the prices again after the summer (When the spring bounce turns out to be a flop) and then consider. 13 answers

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More Advice:
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Nearby Cities Real Estate

  • Norfolk Real Estate
  • Chesapeake Real Estate
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  • Carrollton Real Estate
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Nearby Cities Sold Homes

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Nearby Cities Home Prices

  • Norfolk Home Prices
  • Chesapeake Home Prices
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  • Hampton Home Prices
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  • Poquoson Home Prices

Virginia Beach Stats & Trends

  • Virginia Beach Real Estate Overview
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  • Virginia Beach Home Prices
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  • Virginia Beach Recently Sold Homes

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Our real estate market trends page gives you a valuable overview of the Virginia Beach real estate market. Find Virginia Beach properties, sales statistics, real estate price trends, and real estate market activity. Find detailed information on Virginia Beach average and median listing prices, home value trends, and average price per square feet information for single family homes, condos, and other property types. Real estate market data is segmented by the number of bedrooms and Virginia Beach housing statistics are available for each Virginia Beach, VA neighborhood.
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About this Info
Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.

Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Price per Square Foot is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.