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Sandbridge Real Estate Update! Spring/Summer 2016

It is almost summer and the market is HOT in Sandbridge! It is a buyers market and now is a great time to invest in your beach front property. Read on to find out more about the current real estate market in Sandbridge Beach, Virginia!

 

Positive Real Estate Market Indicators in Sandbridge Beach

 

1. Lowest level of homes for sale in recent years.

2. We have seen competing offers on some properties.

3. Buyers are willing to meet Seller demands, indicating a shift in leverage from Seller to buyer.

4. Sandbridge Dunes condos have successfully resolved the lawsuit against developer and made

needed repairs.

5. All Condo complexes in Sandbridge are now able to get traditional lender financing on.

6. We have seen isolated instances of increased selling prices on oceanfront homes.

7. Bay home sales in the over $900,000 price have improved.

8. Fewer short sales & foreclosures hitting the market.

9. All Sanctuary units owned by lenders have been sold.

There are about 35 homes and 35 condos for sale. Sub-segments of the market are performing better than others. For buyers this is an excellent time to invest. Sellers have less competition and should consult with an experienced Sandbridge Beach Realtor when deciding to sell or hold.

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