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December 3, 2008
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions
Reported by Randy Schonk, Associate Broker


Chesapeake, Virginia
as of 12/1/2008:
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->

Hampton, Virginia
as of 12/1/2008:
There are many very nice areas around Hampton with the older homes that many people prefer. Many have already be updated but some are available for the 'Handy Man'. Even with the existing homes, as more people are looking for new construction they... MORE->

Hampton Roads, Virginia
as of 12/1/2008:
The Buyer's market now exists as we have a large increase in the inventory of homes. This has made it easier for Buyers and the Sellers are often giving some closing cost concessions. It is now be easier for the Buyer to find their ideal home. With... MORE->

Isle of Wight, Virginia
as of 12/1/2008:
This part of western Hampton Roads is still finding itself in a building boom. As more people are looking for open space and new construction they are choosing the Suffolk/Smithfield/Isle of Wight areas. This has caused continued building of new... MORE->

Newport News, Virginia
as of 12/1/2008:
Even with the availability of existing homes, as more people are looking for new housing they are choosing the Newport News area. This has caused an increase in the building of new homes in the $200 to $400 thousand dollar price range. With the area... MORE->

Norfolk, Virginia
as of 12/1/2008:
We have seen a definite increase in the number of homes available for sale which is helping the Buyer find their home with a little more ease. Norfolk is a beautiful city with a revitalized downtown area with a vibrant nightlife. There is a building... MORE->

Portsmouth, Virginia
as of 12/1/2008:
Portsmouth is a centrally located within the Hampton Roads area and the downton area is going through a revitalization. The Seller's market has arrived in the area as have had an increase in the number of homes available. With the use of the... MORE->

Suffolk, Virginia
as of 12/1/2008:
This part of western Hampton Roads is still finding itself in a building boom. As more people are looking for open space they are choosing the Suffolk area. This has caused an increase in the building of new homes in the $200 to $400 thousand dollar... MORE->

Tidewater, Virginia
as of 12/1/2008:
The Buyer's market has arrived in the area as we see more homes available now which has helped the home buyer find a home with much more ease. With the use of the internet, email or telephone I can immediately alert you when any home that... MORE->

Virginia Beach, Virginia
as of 12/1/2008:
The Buyer's market has arrived in the area so the home buyer should have less of a problem finding their ideal home. With the use of the internet, email or telephone I can immediately alert you when any home that fits your specifications... MORE->


For More Information:

Navigate: Top > Virginia > Chesapeake


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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