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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > Virginia > Chesapeake

Market Conditions Summary for Chesapeake, Virginia

Reported by

Randy Schonk, Associate Broker
as of 7/2/2008:

This area in the southern part of Hampton Roads is also growing quickly as local residents and new families relocating to the area, that desire more open space, are moving into Chesapeake. We have more inventory now and that is helping the home... MORE->
About Randy Schonk, Associate Broker

Reported by

Catherine Kowalsky
as of 7/2/2008:

It is a terrific buyers market right now. Interest rates are good, plenty of houses to choose from, and sellers are assisting with closing cost. If your thinking of buying a home, now is the time. Now is the time to buy. I am an Accredited Buyer's... MORE->
About Catherine Kowalsky

Reported by

Cindy Pilkerton
as of 7/2/2008:

The Federal Reserve opted not to change interest rates in June. Rates have been cut a total of 3.25% since last September. Many experts believe the Fed will begin increasing rates again in August. For buyers, this means now is the time to buy to get... MORE->
About Cindy Pilkerton

Reported by

Joyce Bruce
as of 6/17/2008:

2134 Active Residential listings Priced from $1500 to... MORE->

Reported by

Carlos Cardo REALTOR�
as of 6/11/2008:

Best buyer's market in quite some time and sellers are assisting with closing costs! This means that you may be able to buy, move in with little or NO money and buyers are really starting to take advantage of that now!!! Visit... MORE->
About Carlos Cardo REALTOR�

Reported by

Wilma Clay
as of 5/27/2008:

Healthy inventories and low rates make this an exciting time for the buyer in Hampton Roads (Virginia Beach, Norfolk, Chesapeake, Portsmouth, Suffolk, Newport News, and Hampton). Serious buyers should consider that the lower rates increase their... MORE->
About Wilma Clay

Reported by

Karen DeckerThe DECKER GROUP
as of 5/26/2008:

GREETINGS FROM CHESAPEAKE! Prices of existing single-family homes in Hampton Roads were up in the first quarter of 2008, according to the 5/14/08 report from the National Association of Realtors. This is in contrast to the national trend of downward... MORE->
About Karen DeckerThe DECKER GROUP

Reported by

Bob Barnums Real Estate Team
as of 5/1/2008:

Wow! The market is really picking up with spring coming into full bloom, interest rates are still very low and expected drop even more. Average market time for homes priced between $150,000 & $400,000 is averaging 90+ days, but keep in mind homes... MORE->
About Bob Barnums Real Estate Team

Average Current Market Rating: 1.6 (8 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 2.5 (8 ratings)

1	2	3	4	5
Falling			Rising

Navigate: Top > Virginia > Chesapeake

Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

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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