Helping you NET the home of your dreams.

Hampton Roads Real Estate Off to Good Start

By Sarah Kleiner Varble
The Virginian-Pilot
© February 16, 2015
The Hampton Roads real estate market started 2015 on a positive note.

The number of existing homes sold and the median price grew year-over-year in January, as did the number of active listings across the region, according to a report released recently by the Real Estate Information Network, the Virginia Beach-based multiple listing service for Hampton Roads.

Pending sales rose significantly, according to the service, which suggests that “consumer confidence is up and buyers are jumping into the market.”

Residential active listings rose 7.6 percent over January 2014 to 10,994 last month. All seven of the region’s biggest cities experienced a year-over-year increase in the number of homes for sale, according to the report.

In South Hampton Roads, the number of existing homes sold increased to 707 in January – a 4.9 percent bump over the 674 sold the same month in 2013.

The median price grew 3.9 percent in South Hampton Roads to $185,000 in January from $178,000 the year prior.

Distressed sales decreased year-over-year in January, but they accounted for more than a quarter of all sales in the region.

January’s distressed homes accounted for 27.7 percent of all residential settled sales, a 1.8 percent drop from the prior year. But it was also the highest percentage since February 2014 when it was 30.7 percent, according to the report.

Home sales picked up steam toward the end of 2014, but for the year, the market lost the forward momentum that had been building slowly since 2012.

Sandbridge Beach is Hampton Roads best kept secret! Contact your Sandbridge Beach Real Estate Agent, Charlie Kelly, to find your dream home today!

  1. Recovery and Vehicle Transport Company Minchinhampton

    overbrook recovery in gloucester

    Hampton Roads Real Estate Update | Sandbridge Real Estate Net

  2. experts at preventing penetrating damp corse lawn

    Damp Proofing Inspections kingsway gloucester

    Hampton Roads Real Estate Update | Sandbridge Real Estate Net

  3. rising damp to the property and quote for necessary damp-proofing and timber quedgeley

    diagnose the damp problem in your home moreton in the marsh

    Sandbridge Real Estate Net

  4. Full house electrical installations cirencester

    Extension wiring gloucestershire

    Sandbridge Real Estate Net

  5. Jacquetta Volland

    Saved as a favorite, I really like your blog!

  6. Upholstery cleaning burford

    Sandbridge Real Estate Net

  7. boat removal dursley

    please click the next website

    Sandbridge Real Estate Net

  8. fast breakdown recovery bibury

    Vehicle Transport In Cam Gloucesteshire

    Sandbridge Real Estate Net

  9. Franklyn

    I wanted to thank you for this great read!! I definitely enjoying every little bit of it I have you bookmarked to check out new stuff you post…

  10. Extractor fan installations including diamond drilling facilities

    click the following web page

    Sandbridge Real Estate Net

  11. Promo Code

    I’d have to examine with you here. Which is not one thing I usually do! I take pleasure in reading a post that may make folks think. Additionally, thanks for permitting me to comment!

  12. For dry rot and damp proofing repairs and maintenance tetbury

    damp proof membranes DPM for your floor Kingswood

    Sandbridge Real Estate Net

  13. If you do find damp problems in your home chipping campden

    prevent the passage of water or damp-proofing corse lawn

    Sandbridge Real Estate Net

  14. Aerie coupons

    I think this is among the most important info for me. And i’m glad reading your article. But want to remark on some general things, The website style is ideal, the articles is really excellent : D. Good job, cheers

  15. damp proofing treatments and techniques hartpury

    Damp Proof Paint for use damp walls damp concrete slabs cellars and basements frocester

    Sandbridge Real Estate Net

  16. Installing security lighting swindon

    smoke and fire alarm systems gloucestershire

    Sandbridge Real Estate Net

  17. Services that will collect and deliver cars to cricklade

    Sandbridge Real Estate Net

  18. Fuseboard upgrades replacements hartpury

    House Rewires northleach

    Sandbridge Real Estate Net

  19. Carpet cleaning forest of dean

    Sandbridge Real Estate Net

  20. Carpet and upholstery cleaning cinderford

    Sandbridge Real Estate Net

  21. carpet steam cleaning longhope

    we pre treat all necessary surfaces frocester

    Sandbridge Real Estate Net

  22. Damp Cure provide a damp proofing rising damp

    with an estimate for any damp-proofing and timber treatments newent

    Sandbridge Real Estate Net

  23. Peeling Paint Kingswood


    Sandbridge Real Estate Net

  24. Noah Loiko

    Thank you for the auspicious writeup. It in fact was a amusement account it. Look advanced to far added agreeable from you! By the way, how can we communicate?

Leave a Reply