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

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    • Rank – City VolumeTeam NameCompanyLocationVolumeProfile
    1The Kris Weaver TeamAtlantic Sotheby’s International RealtyVirginia Beach, VA$128,084,801View Profile
    3Lonnie Bush Real Estate GroupLPT RealtyVirginia Beach, VA$76,512,764View Profile
    4BHG Native American Group TeamBetter Homes and Gardens Real Estate Native American GroupVirginia Beach, VA$75,397,027View 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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    DOJ to Supreme Court: We never agreed ’not to reopen’ NAR investigation 

    Dec 12, 2024By

    The U.S. Department of Justice (DOJ) is not playing around when it comes to the National Association of Realtors (NAR), which petitioned the U.S. Supreme Court to look at an appeals court ruling allowing the DOJ to reopen its investigation into the trade group.

    Housing Market News

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    Distressed properties signal a slowdown in 2025 housing market 

    Dec 12, 2024By

    Activity from institutional sellers at distressed property auctions foreshadows slowing home price appreciation in 2025.

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    Another sexual assault suit is being filed against broker Oren Alexander 

    Dec 12, 2024By

    An unnamed Jane Doe is seeking compensatory and punitive damages in relation to an alleged “planned brutal rape” in Miami in 2016.