Realty Times - Chesapeake, Virginia Market Conditions

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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 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->
About Randy Schonk, Associate Broker

Reported by

Wilma Clay
as of 11/28/2008:

This is an exciting time for the buyer in Hampton Roads (Virginia Beach, Norfolk, Chesapeake, Portsmouth, Suffolk, Newport News, and Hampton) because we have low rates and healthy inventories. Serious buyers should consider that the lower rates... MORE->
About Wilma Clay

Reported by

Carlos Cardo Associate Broker
as of 11/15/2008:

There are currently 2,040 properties available and 151 homes have sold in the last 30 days. 87 of those under $250k-This is the fastest selling range! 43 more up to $400k, and there were also 21 in the city of Chesapeake that sold greater than... MORE->
About Carlos Cardo Associate Broker

Reported by

Cindy Pilkerton
as of 11/7/2008:

Two important changes have occurred for homebuyers. First, effective October 1, sellers will no longer be able to pay a buyers downpayment. The second change is a 10% tax credit for homes purchased between April 9, 2008 and July 1, 2009. You will... MORE->
About Cindy Pilkerton

Reported by

Catherine Kowalsky
as of 10/24/2008:

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

Joyce Bruce
as of 10/17/2008:

2041 Active Residential listings Priced from $1500 to... MORE->

Reported by

Bob Barnums Real Estate Team
as of 7/15/2008:

Homes continue to sell throughout the summer as the market see some resurgence Average market time for homes priced between $150,000 & $400,000 is averaging 90+ days, but keep in mind homes priced right that are staged well continue to sell faster,... MORE->
About Bob Barnums Real Estate Team

Average Current Market Rating: 1.6 (7 ratings)

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

Average Current Price Trend: 2.3 (7 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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