Top Large Teams in Virginia Beach, Virginia – Ranked by Sides

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Rank – City SidesTeam NameCompanyLocationSidesProfile
4Stephanie Clark Real EstateRE/MAX Alliance – Stephanie Clark Real Estate TeamVirginia Beach, VA 187.0View Profile
5Realty Fever GroupIron Valley Real Estate Hampton RoadsVirginia Beach, VA 181.0View Profile
9VA Realty ProfessionalsIron Valley Real Estate Hampton RoadsVirginia Beach, VA 103.0View Profile
10Steadfast Real Estate TeamIron Valley Real Estate Hampton RoadsVirginia Beach, VA 66.0View Profile
16Countryside Real Estate TeamKeller WilliamsVirginia Beach, VA 59.0View Profile

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2023 Virginia Beach, Virginia Housing Market Summary

Virginia Beach, Virginia started 2023 with a total of 370 single-family homes on the market, with a median home price of $449,900 and an average price per square foot of $277. By the end of the year, inventory had decreased to 300 homes on the market (-18%), with a median home price of $482,450 (+7%) and an average price per square foot of $297 (+7%).

At the start of 2023, the median days on market (DOM) was 49 days – by the end of the year, median DOM had increased to 56 days.

Virginia Beach started the year with 36% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 42% of Virginia Beach homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Virginia Beach started 2023 as a strong seller’s market, with an MAI score of 47; by the end of the year, the MAI had dropped to 42 – a slight seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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Agent News

Continued downward trend in agent mobility reflects ongoing challenges in real estate market 

Nov 29, 2024By

Key observations from October • Continued decline in agent movement:   The seasonally adjusted AMI metric for October dropped to 86.2, marking another decrease in agent mobility and continuing the downward trend observed in recent months.  • Factors influencing decline  The Presidential election and the implementation of the National Association of Realtors (NAR) settlement appear to have significantly impacted agents’ […]