It's A Good Time To Be A Seller In Hampton Roads!
Hello Hampton Roads,
It's a good time to be a seller in Hampton Roads! As of last July, the median sold home price for the area was $257,150.00, the average days on the market was 50, and with low inventory, its not uncommon for a property in good condition and appropriately priced to get multiple offers!
Check out this inforgraphic of the latest market stats in for the area:
Rising home prices also means more equity for home owners. ATTOM Data Solutions did a recent study and found that nationally, 1 in 4 homes is equity rich. Equity rich is defined as a home having a LTV (loan to value) ratio of 50% or less. In other words, the value of the loan(s) secured by the property is 50% or less than the property's estimated market value. Take a look at the interactive table below:
The table shows the number and percentage of equity rich properties per zip code in our area. For more specific information about homes in your own neighborhood, check out my Neighborhood Home Values site for a free report!
Thanks for Reading,
_________________________
Serving your Hampton Roads and Virginia Beach Real Estate needs. Liz Schuyler on Google+
It's a good time to be a seller in Hampton Roads! As of last July, the median sold home price for the area was $257,150.00, the average days on the market was 50, and with low inventory, its not uncommon for a property in good condition and appropriately priced to get multiple offers!
Check out this inforgraphic of the latest market stats in for the area:
Rising home prices also means more equity for home owners. ATTOM Data Solutions did a recent study and found that nationally, 1 in 4 homes is equity rich. Equity rich is defined as a home having a LTV (loan to value) ratio of 50% or less. In other words, the value of the loan(s) secured by the property is 50% or less than the property's estimated market value. Take a look at the interactive table below:
The table shows the number and percentage of equity rich properties per zip code in our area. For more specific information about homes in your own neighborhood, check out my Neighborhood Home Values site for a free report!
Thanks for Reading,
_________________________
Serving your Hampton Roads and Virginia Beach Real Estate needs. Liz Schuyler on Google+
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