Realtors across the state of Virginia are reporting a brisk seller's market from the beaches to the mountains to the Beltway.

Tidewater

"Southeastern Virginia's Tidewater region is the birthplace of Colonial America," shares Realtor Randy Schonk, "where centuries of American history blend with a breathtaking landscape surrounded by water. It has a mild climate which allows the residents to enjoy outdoor activities for much of the year. Tidewater has it all, from 29 miles of Atlantic Ocean beaches to many historic early American sites to visit. The area has everything from visual and performing arts to world-class museums covering achievements in air and space, maritime leadership, and the marine environment. Our marine environment includes many rivers, inlets, streams, the Ocean, the Chesapeake Bay, and the picturesque and serene Great Dismal Swamp. All the communities and places within seem to blend into one varied and diverse area with something for everyone."

About the market, Schonk says, "The seller's market continues to be strong in the area due to the lower then normal inventory of homes. While this can make it a challenge for buyers, the building industry is working hard to increase the inventory so it should become easier for the buyer to find their ideal home in the future."

Springfield

"Springfield is a uburban residential community with excellent schools and commuting to the Beltway," says Realtor Karen Kruschka. "Prices continue to increase and inventory remains in relatively short supply. Why? The attractiveness of Springfield has many facets. First, it is in one of the best school districts in Fairfax County. Second, the income level and housing prices are well balanced throughout the Springfield area. Third, it has excellent subway, bus and car-pool service available. It borders I-95, north/south as well as the Fairfax County Parkway for east/west commuting and the Capital Beltway."

Roanoke

"The beautiful Roanoke Valley is located between the Blue Ridge and Appalachain Mountains," says Realtor Steve Caldwell. "The market's activity continues to be brisk. Stable interest rates and a low inventory of available homes for sale have driven home prices up sharply. If you are a buyer, it is to your advantage to become "preapproved" by a mortgage professional first so that you and your agent know precisely the best price range for you. Then when you find the right property, you are ready to act on it quickly."

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Published: August 16, 2004

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