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Sandbridge Oceanfront Home Sales Up 20%
Outer Banks of Virginia Oceanfront Home Sales Up 20% Purchases of oceanfront homes in the Sandbridge area of Virginia Beach showed a 20% increase for the 12 month period ending 6/26. This year over year gain reflects the attractive prices of Sandbridge oceanfront homes compared to Delaware, Maryland, New Jersey and New York beaches. A high percentage of the buyers were from Northern Virginia, Washington DC and Maryland. An increasing number of Buyers and Vacationers from these areas reflect the quick, easy...
The Pricing Bottom & Sandbridge Real Estate
Inventory of Sandbridge Beach houses for sale is down 30% from the highs of recent years. Days on market for SOLD properties has improved dramatically. Competition and competitive bidding activity for fairly priced homes is re-surfacing. Fewer foreclosure and short sale house are available. Number of closed sales per month has been setting new recent records. Have we hit the bottom? I’m not smart enough to make that call, but the signs of recovery are sure encouraging. The Buyers I sold...
Sandbridge Real Estate and the Stock Market
Owners of property in Sandbridge can take some comfort in the bad news on Wall Street. One group of Baby Boomers are tired of the uncertainty & risk associated with the stock market. Over the last 7 months, many of my Sandbridge Buyers have commented that they have taken money out of the market to buy their beach house. (more…)
Sandpiper Road Sales Triple versus Last Year.
Sandpiper has got back on track after a relatively slow sales period. Over 3 times as many houses have Sold or have Sales Pending on Sandpiper Road for the 6 month period ending 5/5/201. During this last 6 month period the average price of the Sandpiper Road “SOLD” homes was 79% higher than the previous year. The average SOLD Sandpiper price was $546,000 up from $435,000. Thinking of selling your beach house. Traditional thinking about which homes sell first applies. Buyers...