STATISTICS! Tons of stats about the Virginia Beach and Hampton Roads Real Estate Market

Hampton Roads Real Estate Market Statistics…a beautiful Saturday afternoon here in Hampton Roads!

I thought I would take a few moments and load up some real estate statistics for our Hampton Roads Real Estate market.

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Stats For The Entire Hampton Roads Area – Properties For Sale

  • Total Number of Listings On the Market: 11,866
  • Total Number of Bank Owned Foreclosures: 921
  • Number of Short Sale Listings: 1,784
  • Total Number of Distress Properties: 2,705
  • Average Listing Price: $286,000
  • Most Expensive Home For Sale In Hampton Roads: $6,000,000
  • Most Inexpensive Home: $5,999 (Normal listing…not timeshare, rental, etc…)
  • What Percentage Of The Entire Market Is Distress Listings? 22.7% - Only little over one-fifth of all listings are in a “distress” situation (Foreclosure or Short Sale)

Stats For The Entire Hampton Roads Area – Sold Properties

  • Average Sales Price of Listings Sold in 2012: $213,259
  • Average Listing Price to Sales Price Ratio: 96.3% – On average, sellers accepted an offer 3.7% below the price at which their property was listed.
  • How long does it take for a property to sell (Days On Market): 106 days on average
  • How long does it take for a foreclosure to sell (Days On Market): 83 days on average
  • How long does it take for a short sale to sell (Days On Market): 185 days on average

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