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

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    • Rank – City VolumeTeam NameCompanyLocationVolumeProfile
    2Stephanie Clark Real EstateRE/MAX Alliance – Stephanie Clark Real Estate TeamVirginia Beach, VA$89,959,435View Profile
    6Realty Fever GroupIron Valley Real Estate Hampton RoadsVirginia Beach, VA$50,046,035View Profile
    11VA Realty ProfessionalsIron Valley Real Estate Hampton RoadsVirginia Beach, VA$31,087,415View Profile
    16Countryside Real Estate TeamKeller WilliamsVirginia Beach, VA$24,719,543View Profile
    17Steadfast Real Estate TeamIron Valley Real Estate Hampton RoadsVirginia Beach, VA$18,036,165View 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.

    Real Estate News

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    On the RealTrending podcast, The Helm co-founder Danielle Wilkie dives into female representation and AI in real estate coaching.

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    Connecticut, New Jersey lead the nation for home equity growth 

    Dec 04, 2024By

    According to a new report from home equity provider Unison, national home equity grew to $35 trillion in second-quarter 2024.

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    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’ […]