Top Large Teams in Virginia Beach, Virginia – Ranked by Volume
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|Rank – City Volume||Team Name||Company||Location||Volume||Profile|
|1||Realty Fever Group||Iron Valley Real Estate Hampton Roads | Virginia Beach||Virginia Beach, VA||$45,063,245||View Profile|
|2||Countryside Real Estate Team||Keller Williams Realty Town Center||Virginia Beach, VA||$32,272,465||View Profile|
|3||Home Matchmaker Team||Iron Valley Real Estate Hampton Roads | Virginia Beach||Virginia Beach, VA||$24,348,200||View Profile|
2022 Market Summary
Virginia Beach, Virginia started 2022 with a total of 247 single-family homes on the market, with a median home price of $435,000 and an average price per square foot of $270. By the end of the year, inventory had increased to 384 homes on the market (+55%), with a median home price of $429,999 (-1%) and an average price per square foot of $275 (+1%).
At the start of 2022, the median days on market (DOM) was 28 days – by the end of the year, median DOM had increased to 49 days.
Virginia Beach started the year with 22% 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 40% of Virginia Beach homes for sale had taken a price cut.
Finally, Altos’ proprietary Market Action Index (MAI) shows that Virginia Beach started 2022 as a strong seller’s market, with an MAI score of 64; by the end of the year, the MAI had dropped to 35 – a slight seller’s advantage.
This market summary is powered by Altos Research – click here to run a free report for your area.
A record 26% of homebuyers are looking to move to a different part of the country, up from 24% a year ago and 19% before the pandemic began, a Redfin report found.
Housing Market News
More than one-third (36%) of Hispanics and 32% of Blacks reported facing discrimination when searching for a home.
Frequently Asked Questions
How are real estate transaction sides defined?
A transaction side represents one side of a transaction: the buyer side or the seller side. If an agent represents both the buyer and the seller, the transaction side is counted twice.
How is real estate sales volume defined?
Real estate sales volume is defined as the total dollar value of all real estate transactions facilitated by an agent or a brokerage. This encompasses the sum of the sale prices of all properties sold, and not the profit or commission made from these sales.
What are the classifications of team size?
Small: 2-5 licensed agents
Medium: 6-10 licensed agents
Large: 11-20 licensed agents
Mega: 21+ licensed agents
What time period is the data used in the rankings from?
The RealTrends Agent Rankings reflect the previous calendar year. For example, the 2023 rankings show data from calendar year 2022.
View the full Rankings FAQ page here.