Virginia Beach Real Estate Market Report for 2009 (Condos and TownHomes)

filed under: Buyers, market reports, Real Estate posted on January 6th, 2010

The following graphs for Virginia Beach Real Estate depict median condo and townhome price, days on market, inventory, and average price per square foot.

These real estate statistics reflect all four quartiles of condo and townhome prices (bottom, lower, upper, and top). Individual Virginia Beach neighborhood real estate condo and townhome statistics will vary by price range.

Absorption Rate: If no other condos or townhomes in Virginia Beach were to come on the market it would take approximately 6.5 months to sell all inventory based on current sales. Once again, the absorption rate differs by price point – lower time to sell for bottom quartile homes and much higher for top quartile real estate. Virginia Beach has the best absorption rate in Hampton Roads at this time.

To see these real estate statistics for condos and townhomes on a weekly basis go here.

Want Your Own Personalized Virginia Beach or other Hampton Roads Market Report? Request it here.

Time is Running Out – Tax credit information for First Time home buyers and move up buyers – are you eligible?

Intermediate Chart

posted by Dennis Blackmore

This entry was posted on Wednesday, January 6th, 2010 at 3:05 pm and is filed under Buyers, market reports, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.