Post by Teresa Lancaster.
Virginia Beach Realtor
- Teresa Lancaster, Berkshire Hathaway HomeServices Towne Realty
- Virginia Beach, VA, United States
- Teresa Lancaster knows how tough moving and relocating can be and her goal is to make YOUR move a smooth one. Teresa holds a high level of integrity, dedication and professionalism. If you’re looking for a professional, aggressive, and savvy Realtor with a proven track record, give Teresa Lancaster a call for an appointment today! AWARDS / Certifications: RE/MAX 100% AWARD 2004-2006, HRRA Circle of Excellence Gold /2-Bronze, Certified New Homes Sales Professional, Accredited Buyers Representative, Norfolk Real Estate Ambassador
Showing posts with label virginia beach. Show all posts
Showing posts with label virginia beach. Show all posts
Tuesday, October 15, 2013
Friday, November 2, 2012
Foreclosure Rate Heat Map
Sales are up here in Hampton Roads, its a great time to buy!
We are experiencing multiple offer situations here. Buy now at affordable prices. If you would like more info. about our community, feel free to contact me!
Thursday, April 28, 2011
Wednesday, March 9, 2011
Latest Available Median Sales Statistics for Norfolk, Chesapeake, Virginia Beach, Suffolk, Portsmouth, Hampton and Newport News
| Sales Statistics for NORFOLK CITY County VA | ||
| Realist's most recent recording date for this county is 02/18/2011 |
| Single Family Residence | ||
| Time Period | Number of Sales | Median Sale Price |
| Jan 2011 | 122 | $152,450 |
| Jan 2010 | 112 | $151,950 |
| Dec 2010 | 136 | $163,000 |
| Dec 2009 | 178 | $180,500 |
| 2011 YTD | 171 | $147,000 |
| 2010 | 1,763 | $168,000 |
| Condominium | ||
| Time Period | Number of Sales | Median Sale Price |
| Jan 2011 | 15 | $189,900 |
| Jan 2010 | 18 | $192,450 |
| Dec 2010 | 15 | $204,000 |
| Dec 2009 | 38 | $212,250 |
| 2011 YTD | 28 | $170,800 |
| 2010 | 232 | $205,000 |
Sales Statistics for CHESAPEAKE CITY County VA | ||
| Realist's most recent sale date for this county is 01/24/2011 |
| Single Family Residence | ||
| Time Period | Number of Sales | Median Sale Price |
| Dec 2010 | 176 | $259,950 |
| Dec 2009 | 237 | $255,000 |
| Nov 2010 | 176 | $230,150 |
| Nov 2009 | 243 | $228,000 |
| 2010 YTD | 2,486 | $249,900 |
| 2009 | 2,543 | $250,000 |
| Condominium | ||
| Time Period | Number of Sales | Median Sale Price |
| Dec 2010 | 41 | $179,900 |
| Dec 2009 | 33 | $222,000 |
| Nov 2010 | 34 | $208,450 |
| Nov 2009 | 55 | $225,500 |
| 2010 YTD | 416 | $204,900 |
| 2009 | 466 | $208,000 |
Sales Statistics for VIRGINIA BEACH CITY County VA | ||
| Realist's most recent recording date for this county is 01/13/2011 |
| Single Family Residence | ||
| Time Period | Number of Sales | Median Sale Price |
| Nov 2010 | 288 | $235,000 |
| Nov 2009 | 375 | $212,000 |
| Oct 2010 | 238 | $215,750 |
| Oct 2009 | 392 | $221,000 |
| 2010 YTD | 2,499 | $225,000 |
| 2009 | 3,850 | $230,000 |
| Condominium | ||
| Time Period | Number of Sales | Median Sale Price |
| Nov 2010 | 73 | $225,000 |
| Nov 2009 | 124 | $244,400 |
| Oct 2010 | 66 | $237,500 |
| Oct 2009 | 100 | $232,450 |
| 2010 YTD | 596 | $234,900 |
| 2009 | 1,046 | $239,950 |
| Sales Statistics for SUFFOLK CITY County VA | ||
| Realist's most recent recording date for this county is 02/25/2011 |
| Single Family Residence | ||
| Time Period | Number of Sales | Median Sale Price |
| Jan 2011 | 63 | $214,000 |
| Jan 2010 | 62 | $260,383 |
| Dec 2010 | 69 | $220,700 |
| Dec 2009 | 100 | $267,939 |
| 2011 YTD | 99 | $201,209 |
| 2010 | 969 | $250,000 |
| Condominium | ||
| Time Period | Number of Sales | Median Sale Price |
| Jan 2011 | 5 | $212,925 |
| Jan 2010 | 3 | $215,000 |
| Dec 2010 | 6 | $215,000 |
| Dec 2009 | 7 | $203,380 |
| 2011 YTD | 7 | $207,000 |
| 2010 | 67 | $222,745 |
| Sales Statistics for PORTSMOUTH CITY County VA | ||
| Realist's most recent recording date for this county is 03/01/2011 |
| Single Family Residence | ||
| Time Period | Number of Sales | Median Sale Price |
| Jan 2011 | 76 | $124,000 |
| Jan 2010 | 43 | $143,940 |
| Dec 2010 | 50 | $135,250 |
| Dec 2009 | 103 | $155,000 |
| 2011 YTD | 107 | $120,000 |
| 2010 | 925 | $143,940 |
| Condominium | ||
| Time Period | Number of Sales | Median Sale Price |
| Jan 2011 | 7 | $100,000 |
| Jan 2010 | 11 | $175,000 |
| Dec 2010 | 5 | $205,000 |
| Dec 2009 | 7 | $145,500 |
| 2011 YTD | 8 | $115,000 |
| 2010 | 81 | $180,000 |
| Sales Statistics for HAMPTON CITY County VA | ||
| Realist's most recent recording date for this county is 01/13/2011 |
| Single Family Residence | ||
| Time Period | Number of Sales | Median Sale Price |
| Nov 2010 | 92 | $158,450 |
| Nov 2009 | 163 | $162,000 |
| Oct 2010 | 77 | $158,000 |
| Oct 2009 | 136 | $182,500 |
| 2010 YTD | 1,218 | $161,750 |
| 2009 | 1,487 | $173,000 |
| Condominium | ||
| Time Period | Number of Sales | Median Sale Price |
| Nov 2010 | 8 | $223,000 |
| Nov 2009 | 11 | $143,000 |
| Oct 2010 | 10 | $182,450 |
| Oct 2009 | 10 | $244,250 |
| 2010 YTD | 101 | $182,900 |
| 2009 | 120 | $209,500 |
| Sales Statistics for NEWPORT NEWS CITY County VA | ||
| Realist's most recent recording date for this county is 01/19/2011 |
| Single Family Residence | ||
| Time Period | Number of Sales | Median Sale Price |
| Dec 2010 | 117 | $165,000 |
| Dec 2009 | 116 | $189,900 |
| Nov 2010 | 87 | $182,000 |
| Nov 2009 | 157 | $195,000 |
| 2010 YTD | 1,358 | $182,500 |
| 2009 | 1,612 | $194,900 |
| Condominium | ||
| Time Period | Number of Sales | Median Sale Price |
| Dec 2010 | 9 | $150,275 |
| Dec 2009 | 13 | $124,900 |
| Nov 2010 | 13 | $139,000 |
| Nov 2009 | 22 | $138,750 |
| 2010 YTD | 206 | $146,000 |
| 2009 | 275 | $157,250 |
Monday, March 7, 2011
Thinking about relocating? Virginia Beach, Norfolk, Portsmouth, Chesapeake, Suffolk
Thinking about relocating?
Virginia Beach is an independent city located in the Hampton Roads metropolitan area of Virginia, on the Atlantic Ocean at the mouth of the Chesapeake Bay. Although Fairfax County is the most populous jurisdiction, Virginia Beach is the most populous city in Virginia and the 41st largest city in the United States, with a population of 437,994 according to the 2010 Census.
Virginia Beach is the easternmost city of Hampton Roads that make up the core of the Virginia Beach-Norfolk-Newport News, VA-NC MSA. This area, known as "America's First Region", also includes the independent cities of Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, and Suffolk, as well as other smaller cities, counties and towns of Hampton Roads.
Virginia Beach is a resort city with miles of beaches and hundreds of hotels, motels, and restaurants along its oceanfront. Every year the city hosts the East Coast Surfing Championships as well as the North American Sand Soccer Championship, a beach soccer tournament. It is also home to several state parks, several long-protected beach areas, three military bases, a number of large corporations, two universities, Edgar Cayce's A.R.E. and numerous historic sites. Near the point where the Chesapeake Bay and the Atlantic Ocean meet, Cape Henry was the site of the first landing of the English colonists, who eventually settled in Jamestown, on April 26, 1607.
The city is listed in the Guinness Book of Records as having the longest pleasure beach in the world. It is located at the southern end of the Chesapeake Bay Bridge-Tunnel, the longest bridge-tunnel complex in the world.
Teresa Lancaster
Realty Executives
Direct 757.478.0009
teresa@realtor757.com
Virginia Beach is an independent city located in the Hampton Roads metropolitan area of Virginia, on the Atlantic Ocean at the mouth of the Chesapeake Bay. Although Fairfax County is the most populous jurisdiction, Virginia Beach is the most populous city in Virginia and the 41st largest city in the United States, with a population of 437,994 according to the 2010 Census.
Virginia Beach is the easternmost city of Hampton Roads that make up the core of the Virginia Beach-Norfolk-Newport News, VA-NC MSA. This area, known as "America's First Region", also includes the independent cities of Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, and Suffolk, as well as other smaller cities, counties and towns of Hampton Roads.
Virginia Beach is a resort city with miles of beaches and hundreds of hotels, motels, and restaurants along its oceanfront. Every year the city hosts the East Coast Surfing Championships as well as the North American Sand Soccer Championship, a beach soccer tournament. It is also home to several state parks, several long-protected beach areas, three military bases, a number of large corporations, two universities, Edgar Cayce's A.R.E. and numerous historic sites. Near the point where the Chesapeake Bay and the Atlantic Ocean meet, Cape Henry was the site of the first landing of the English colonists, who eventually settled in Jamestown, on April 26, 1607.
The city is listed in the Guinness Book of Records as having the longest pleasure beach in the world. It is located at the southern end of the Chesapeake Bay Bridge-Tunnel, the longest bridge-tunnel complex in the world.
Teresa Lancaster
Realty Executives
Direct 757.478.0009
teresa@realtor757.com
Saturday, March 5, 2011
Va. Beach assessments dip 3 percent; search for yours
VIRGINIA BEACH
Home values, weakened by a deluge of foreclosure sales, dipped 3.3 percent, marking a third straight year of decline and punching a hole in the city budget.
The drop means many people will see lower tax bills if the City Council does not change the tax rate. However, many tax bills could be virtually unchanged: Average assessments in one-third of the city's more than 980 neighborhoods stayed flat.
Foreclosures have dogged the region's housing market. Of the 5,700 Beach home sales last year, 1,112 were foreclosure sales - about one in five.
City Assessor Jerry Banagan, who presented his annual report to the City Council on Tuesday, said he was optimistic about homes holding their value.
"The area has fared fairly well," he said. "I think maybe the worst is over, but foreclosures are alive and well."
Falling assessments mean the city could collect $12.3 million less in revenue compared with last year if the standard tax rate, currently 89 cents per $100 of assessed value, stays the same. That's about half the $24 million shortfall city officials say they're facing as they work on the budget for the fiscal year starting in July.
City Manager Jim Spore said the city has been able to absorb revenue losses from falling assessments without reducing major services for two years in a row, but that a third year might be tough.
"The cost of services is not going down," he said. "One or two years, you can get by, but you can't do it indefinitely."
Spore recommended a 3 -cent real estate tax rate increase last year, but the City Council rejected it. He presents his budget to the council next month.
The continued slide is in marked contrast to fiscal years 2005- 0 8, which saw double-digit assessment increases in the Beach that topped out at 22 percent in 2006. Last year, city property values fell 6.2 percent.
This year, some home values fell as much 37 percent, while some increased by as much as 9.7 percent.
If the owner of a $250,000 home saw a 3.3 percent assessment decrease, it would shave roughly $73 off the yearly tax bill, to about $2,152.
Property values in the Lynnhaven district fell 4.7 percent, the largest decrease of the city's seven political subdivisions. Commercial and industrial property rose in value by an average of 0.92 percent.
The overall decrease for properties was 2.9 percent.
About 63 percent of all properties will see assessments decrease, 31 percent will stay the same and 6 percent will see an increase, Banagan's report said.
Assessment notices for the fiscal year starting in July will be mailed Friday.
Property values for the city were pegged at nearly $50.5 billion. That would generate $449.5 million in city real estate taxes if the tax rate is left unchanged. Last year, the city brought in $461.8 million in real estate taxes.
Home values, weakened by a deluge of foreclosure sales, dipped 3.3 percent, marking a third straight year of decline and punching a hole in the city budget.
The drop means many people will see lower tax bills if the City Council does not change the tax rate. However, many tax bills could be virtually unchanged: Average assessments in one-third of the city's more than 980 neighborhoods stayed flat.
Foreclosures have dogged the region's housing market. Of the 5,700 Beach home sales last year, 1,112 were foreclosure sales - about one in five.
City Assessor Jerry Banagan, who presented his annual report to the City Council on Tuesday, said he was optimistic about homes holding their value.
"The area has fared fairly well," he said. "I think maybe the worst is over, but foreclosures are alive and well."
Falling assessments mean the city could collect $12.3 million less in revenue compared with last year if the standard tax rate, currently 89 cents per $100 of assessed value, stays the same. That's about half the $24 million shortfall city officials say they're facing as they work on the budget for the fiscal year starting in July.
City Manager Jim Spore said the city has been able to absorb revenue losses from falling assessments without reducing major services for two years in a row, but that a third year might be tough.
"The cost of services is not going down," he said. "One or two years, you can get by, but you can't do it indefinitely."
Spore recommended a 3 -cent real estate tax rate increase last year, but the City Council rejected it. He presents his budget to the council next month.
The continued slide is in marked contrast to fiscal years 2005- 0 8, which saw double-digit assessment increases in the Beach that topped out at 22 percent in 2006. Last year, city property values fell 6.2 percent.
This year, some home values fell as much 37 percent, while some increased by as much as 9.7 percent.
If the owner of a $250,000 home saw a 3.3 percent assessment decrease, it would shave roughly $73 off the yearly tax bill, to about $2,152.
Property values in the Lynnhaven district fell 4.7 percent, the largest decrease of the city's seven political subdivisions. Commercial and industrial property rose in value by an average of 0.92 percent.
The overall decrease for properties was 2.9 percent.
About 63 percent of all properties will see assessments decrease, 31 percent will stay the same and 6 percent will see an increase, Banagan's report said.
Assessment notices for the fiscal year starting in July will be mailed Friday.
Property values for the city were pegged at nearly $50.5 billion. That would generate $449.5 million in city real estate taxes if the tax rate is left unchanged. Last year, the city brought in $461.8 million in real estate taxes.
Subscribe to:
Posts (Atom)