North End of Virginia Beach Real Estate Market Update – September 2015

by Katie Zarpas October 08, 2015 1 comment
Beach Homes for Sale in Virginia Beach, Market Updates, North End of Virginia Beach

Here’s a September 2015 market update for real estate conditions at the North End of Virginia Beach.  Phew!  It’s been a while since I did one of these!

North End of Virginia Beach Real Estate Market Update – September 2015

As of today, there are 55 homes for sale in the North End of Virginia Beach, between 43rd Street and First Landing State Park.  This does not include Bay Colony, Cavalier Park, or Princess Anne Hills.

North End of Virginia Beach Real Estate Market Update for September 2015

Seven homes sold in September (a bit of a drop, but still, nicely holding steady over the figures for July and August), and ten are either pending or otherwise under contract.  The average sales price of these seven homes was $630,000 (a bit cheaper than my last update for July), while the average number of days on the market was 71 (that’s half as long as my July update).  The most expensive home sold in the North End in September sold for $1,225,000 (on 79th Street); the least expensive home went for $530,000.

Now let’s dig into the numbers about the North End properties that are still under contract but haven’t closed yet.  The median listing price of these ten homes is $769,000 (a BIG jump over July!).  The median number of days on the market is 69.  The most expensive home to go under contract is on Ocean Front Avenue for $3,550,000; the least expensive home to go under contract is a small beach cottage on 66th Street for $590,000.

Looking to sell and not sure what your home is worth?  Thinking about buying but not sure about your earning power?  Contact me today for a complimentary marketing analysis of your home’s value, or to learn about the buying process.

P.S. Have you seen my condo listing on Baltic Avenue?  It’s gorgeous!

P.P.S.  Check out this home I sold in Southgate with pool, hot tub, sauna, tiki bar and cabana?  It was close to NAS Oceana and down the street from Kellam High School.  I sold it in a month for way more than the FSBO owner expected!


Are you thinking about selling your home and you’re not sure what your home is worth?  Thinking about buying a home for the first time but not sure about your earning power?

Contact me today for a complimentary marketing analysis of your home’s value, or to learn about the buying process.  There is no obligation, and you might be pleasantly surprised!

Katie Zarpas

Luxury Homes Specialist
Certified Real Estate Negotiator
Accredited Buyers Representative
Certified Distress Property Expert
HRRA Circle of Excellence Gold Recipient

Long & Foster Real Estate and
Christies International Real Estate
800 Laskin Road
Virginia Beach, VA 23451
757-685-4400 cell
757-428-4600 office
katie@katiezarpas.com
http://katiezarpas.com/

by Katie Zarpas October 08, 2015 1 comment