Virginia Beach Real Estate

Chesapeake Real Estate Market Report

A modest gain in the level of home sales is possible over the next couple months, and an improvement is forecast for the second half of this year as more buyers are able to access affordable mortgages, according to the latest forecast by the National Association of Realtors^®.

The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in April, rose 6.3 percent to 88.2 from a reading of 83.0 in March. It's the highest index since last October, but remains 13.1 percent lower than April 2007 when it stood at 101.5.

Lawrence Yun, NAR chief economist, said pending sales contracts have picked up notably in areas undergoing significant price drops. "Bargain hunters have entered the market en masse, especially in areas that have experienced double-digit price declines, but it's unclear if they are investors or owner-occupants," he said.

Let's take a look at the Chesapeake real estate market activity to see how the spring market is shaping up.

Chesapeake May 2008 Sales Statistics

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Virginia Beach Real Estate Market Report

A modest gain in the level of home sales is possible over the next couple months, and an improvement is forecast for the second half of this year as more buyers are able to access affordable mortgages, according to the latest forecast by the National Association of Realtors^®.

The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in April, rose 6.3 percent to 88.2 from a reading of 83.0 in March. It's the highest index since last October, but remains 13.1 percent lower than April 2007 when it stood at 101.5.

Lawrence Yun, NAR chief economist, said pending sales contracts have picked up notably in areas undergoing significant price drops. "Bargain hunters have entered the market en masse, especially in areas that have experienced double-digit price declines, but it's unclear if they are investors or owner-occupants," he said.

Let's take a look at the Virginia Beach real estate market activity to see how the spring market is shaping up.

Virginia Beach May 2008 Sales Statistics

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South Hampton Roads Real Estate Area Market Report

A modest gain in the level of home sales is possible over the next couple months, and an improvement is forecast for the second half of this year as more buyers are able to access affordable mortgages, according to the latest forecast by the National Association of Realtors^®.

The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in April, rose 6.3 percent to 88.2 from a reading of 83.0 in March. It's the highest index since last October, but remains 13.1 percent lower than April 2007 when it stood at 101.5.

Lawrence Yun, NAR chief economist, said pending sales contracts have picked up notably in areas undergoing significant price drops. "Bargain hunters have entered the market en masse, especially in areas that have experienced double-digit price declines, but it's unclear if they are investors or owner-occupants," he said.

Let's take a look at the South Hampton Roads real estate market activity, including Virginia Beach, Chesapeake, Norfolk, Suffolk and Portsmouth, Smithfield and Isle of Wight for this May.

South Hampton Roads May 2008 Sales Statistics

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Virginia Beach loft living will never compare to Manhattan's Soho, Chelsea or Tribecca, but 2 loft style condo communities in Virginia Beach offer stylish contemporary options to those not inclined to cutting grass and spending lots of time in the car. 

Studio 56 at Town Center has an urban sophistication, while Old Beach Village blends a traditional 'old beach' atmosphere with loft style living. So whether you are a culture buff or a beach bum, there is loft living designed just for you. 

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Norfolk Home For Sale With Boat Slip

9524 8th Bay Street, Norfolk VA 23518 

Vacation every day!  This is not just a house, this is a lifestyle.  This 4 bedroom, 2.5 bath house is on the channel to Pretty Lake and has a boat slip with a 10,000# boat lift.  Set sail from your boat slip and within minutes you're on The Chesapeake Bay.  Fantastic views of Pretty Lake from either deck, cathedral ceilings and skylights add to the airy and comfortable feeling of this transitional style house.  Fireplace, eat in kitchen, separate master suite level, 2 zone HVAC, utility room, and a home warranty too!

For more information about this home or other Virginia Beach and Norfolk real estate, visit ButlerTeamHomes or give us a call at 866-222-0158 #550 for more personal service. Search all virignia Beach and Norfolk home for sale.