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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Virginia Beach, Virginia

Reported by Chuck Evans, REALTOR

Updated April 26, 2012.

Current Market Rating: 2




1
2
3
4
5
Buyer's

Seller's

Current Price Trend: 2




1
2
3
4
5
Falling

Rising

Our current market continues to side with the buyer - sellers are offering closing cost assistance and other incentives to help entice the buyer to purchase their home. Market times are starting to decrease-under 30 days for the better properties-, but seller's are learning to be patient and to make sure their home is in the best possible "show" condition.
The market does appear to be "bouncing" along a bottom but the number of foreclosures is still weighing on the overall market, yet these are excellent opportuinties to pickup good buys.
Mortgage interest rates are still staying below 4.25% range for 30 year fixed rates and is making total payments at or less than rent. This still makes it an excellent time to buy your next home or to look for investment/rental properties.
For additional information and news, please visit my website: www.ChuckEvans.com.


ZIP Codes: 23452, 23455, 23456, 23464, 23462

Approximate Location Boundaries: Virginia Beach


For More Information:

View Market Conditions of other areas served by Chuck Evans

Navigate: Top > Virginia > Virginia Beach

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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Mortgage Rates
30 Year Fixed: 3.83%
15 Year Fixed: 3.05%
1 Year Adj: 2.73%
(U.S. Weekly Averages)

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