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by: Dave.Macklin on Mar 20, 2008 @ 11:04 am     Leave a comment »

Chesapeake real estate (residential) sales decreased in February by 25 percent, with market times increasing 27 percent, compared to February 2007. The median price increased 8 percent, and the average sales price increased less than 1 percent to $291,549. 

Chesapeake

Sold
Listings

Median
Price

Average
Sale Price

Average Days
On Market

Feb 2008

185

$264,000

$291,549

89

Feb 2007

246

$245,000

$290,286

70

Now is a GREAT time to be buying a home in Chesapeake. To learn more about Chesapeake real estate, please contact us at 866-222-0158 #550 or visit ButlerTeamHomes.com. To begin searching for Chesapeake homes, please use our complimentary MLS search

Interested in knowing what your home is worth? Visit HRHouseValue.com.
 

Statistics compiled from Real Estate Information Network. They are deemed reliable, but not guaranteed. 

Related posts:
Hampton Roads & Virginia Beach Real Estate Market Trends

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To begin your search for the perfect home or to sell your home in the Virginia Beach area,
call Dave Macklin and The Butler Team at 866-222-0158 #550.