The Virginia Beach real estate market continues to show signs of improvement. Recent trends
show that inventory is declining, pending & closed sales are increasing. In Tidewater, we consider
a healthy market to havea 6 month supply of homes, and we have just over that when factoring in
pending sales. When we exclude these pending sales, we are looking at a 7 month supply of homes!

High end homes in Virginia Beach are selling! These are homes with 3000+ sq ft & priced over $500K.
The last sixty days really tells the story. High end homes in Virginia beach are showing similar trends as the lower priced homes, those priced between 200K and 300K, that is a steady upward increase in sales and pending homes.

In the last 60 days homes priced over $500K are showing the following trends:

69 Pending sales. These pending homes have an average of 3500 sq ft, 4 bedrooms and 3 bathrooms the average sales price is $842K

There have been 85 Sold homes in Virginia Beach. These high end homes ahve over 3,000 sq ft, 4 bedrooms and 3 bathrooms. The average sales price for these homes is $780K.

If you are interested in viewing any home in Virginia Beach I am available to serve your real estate needs.

Tired of looking for a great deal in short sales and finding that you are wasting your valuable time? If you are a pre-approved home buyer looking for a home in Virginia Beach I have a an opportunity you need to know about. This home is located in Virginia Beaches Foxfire neighborhood ... this is a spacious 3 bedroom, town home listed at $244,900! Located at 2629 Bracston Rd, Virginia Beach, Va. 23456

What makes this home special? Besides the fact that it has high ceilings, no association, a garage and drive way you will be located only minutes from the Virginia Beach Ocean Front, 3 golf courses including the Arnold Palmer and the Herdon Ridge Golf Club. With almost 1800 Sq ft, this home has plenty of room for all your needs. Plenty of closet space, and generous sized rooms, you are going to me amazed with the master bedroom.

The master bedroom is larger than those found in most single family homes at this price point! With the high ceiling, large walk in closet and master bathroom suite you will be amazed - Easily fit a King sized bed!

This home is easy to see, simply call me, or contact your agent to schedule a showing.

To view an online broucher

Sean Schroeder, REALTOR
The Real Estate-XChange

757-839-3954

Equal Housing Opportunity (EHO)

609 Sail Fish Quay
Chesapeake, Va. 23320

Agents working with home buyers in Chesapeake and Virginia Beach with offers currently working, if your buyers are getting frustrated with the process and are pre-approved to purchase a home for $206,900 I have a great alternative for you to present to your buyers' in one of Chesapeakes' premier neighborhoods Riverwalk.

My client has a spacious two level condo unit for sale. This home has an open floor plan, wooded view from almost every room, and especially great view from the 2nd floor balcony. Not only does this home feature a view to write home about, it also has 3 bedrooms and 3 full bathrooms an over-sized LOFT perfect for a home office, or study that shares a full bath with the third room and possible "second" master bedroom. If your buyer is looking for closet space, and what buyer wouldn't wouldn't want more closet space? This home has plenty of storage and closet space with its over-sized closets and walk in closets your buyer will be delighted.

Don't worry about the condo fees, the seller is providing one year of condo fees. These fees are a bargain, the association maintains the grounds, the club house, pool and nature trails. In addition they also maintain the oust-side structure. Did you know that the average home owner, who has to maintain his own yard and structural repairs could easily pay over $160 per month just for basic yard maintenance.

Agents, take your buyers to see this wonderful condo located at 609 Sail Fish Quay Chesapeake Virginia 23320.

Virtual Tour

Offered and Marketed by:

The Real Estate-XChange
Sean Schroeder, REALTOR
757-839-3954

517 Baylor ct. Chesapeake, Va. 23320
Equal Housing Opportunity ( EHO )

Attention Home Buyers! Open House in RiverWalk 12pm to 2pm

Food and Drink!

Are you looking for a home in Chesapeakes' prestigous Riverwalk community? I have a superb listing that you are going to love! This is a two story attached unit with 3 Bedrooms and 3 Full Bathrooms. This home features an impressive wooded view from almost every window, and an open floor plan complimented by a large loft over looking the living room. Enjoy a relaxing morning coffee, on their very own second floor deck, while taking in the beautiful scenery that this unit has to offer.

As a owner in Riverwalk, you will have access to the pool, clubhouse private parking and much more.

Open House date: 9/19/2009
From 12am to 2pm

Where: 609 Sail Fish Quay, Chesapeake Va. 23320
Get Directions: Google Map

------------------------------------------------------------------------

Sean Schroeder, REALTOR
The Real Estate-XChange
757-839-3954

517 Baylor Ct. Chesapeake, Va 23320

The overall health of the Hampton Roads real estate market is showing strong signs of improvement. With the current inventory levels holding steady and sales continuing to rise.

As with any market, the real estate market utilizes key indexes to judge the health of the market. Based on the indexes know as the "absorption rate", "months' supply" and List Price to Sale Price (lp/sp).

It is widely accepted that a healthy market, where neither the seller nor the buyer have an advantage over the other, has a 6 month supply of inventory.

It is interesting to see the LP/SP comparison. That is how low home sellers are actually accepting (sale price), on average, when compared to their LP (list price).

Virginia Beach has a 7.39 months supply of residential real estate, that is at its current rate of home sales and inventory it will take just over 7 months to sell all the existing homes. The average home sale in Virginia Beach was $277,000 represent just under 3% of the average list price of $286,000.

This also indicates that home sellers have moved their home prices to "rock bottom" leaving little room to negotiate both closing cost and sales price. As the months supply reaches 6 months, we will begin to see sale prices increase slightly along with fewer buyers' concessions accepted.

While it is not generally reported in the MLS, it is understood that many home buyers continue to ask for, and receive closing cost assistance from the seller anywhere from 2 to 4 percent.

Interest rates are low! Most recently rates have dipped to the low 5's, home prices have dropped to "rock bottom" and sellers are still providing some concessions. If you have been sitting on the fence just thinking about purchasing a home the time has come to get off the fence and to call me for a no obligation home buyers consultation.

Sean Schroeder, REALTOR
The Real Estate-XChange
757-839-3954
SeanSchroeder@757realproperty.com