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August 30, 2008
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Cape Charles, Virginia

Reported by Phyllis Ward, REALTOR

Updated April 17, 2008.

Current Market Rating: 1



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Buyer's

Seller's

Current Price Trend: 3




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Falling

Rising

Nation wide slow down has lowered prices all over the shore. But lately they seem to have stabilized. If you have the means there will never be a better time to buy. Truly.

Traffic is starting to pick up because smart buyers know this is the time to pounce.

ZIP Code: 23310

Location Characteristics: The little railroad town that could. Cape Charles was born with the railroad in the 1880's and was the last stop before trains were loaded onto the ferry for the journey to Norfolk. It's now a place that many folks are calling the "New Cape May." Houses are being restored, resaturants and shops are opening, there is a new public fishing pier and a great public beach. Pluse Cape Charles is now surrounded by BAY CREEK--- a resort develpopment of the highest caliber. Two world class golf courses thread there way along the Chesapeake Bay, there is a new 224 slip deep water marina and Bay Creek has all the amenities you expect. Plus Cape Charles is just 10 minutes form the Chesapeake Bay Bridge-Tunnel which takes you to Viginia Beach and all the joys of city living.

For More Information:

View Market Conditions of other areas served by Phyllis Ward

Navigate: Top > Virginia > Cape Charles

About Phyllis Ward:
In a market as volatile as this one its important to work with a realtor who knows the entire Eastern Shore--what's hot and what's not and where the bargains are. My full-time commitment to do just that separates me from the pack. It's not just the market today that concerns me but where the market is going. I moved here from Washington DC and understand the concerns of folks considering making the leap to a rural waterfront commumity. Come explore!


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: 6.47%
15 Year Fixed: 6.00%
1 Year Adj: 5.29%
(U.S. Weekly Averages)

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