Spring is Here!
With Spring comes the hope of new beginnings! Weddings are planned, summer trips get booked and buyers come out of the wood work looking for that special new place to call home.
And it remains an excellent time to purchase homes in Chesapeake and all of Hampton Roads.
Homes are selling quickly in Chesapeake. Homes under $350,000 are under contract in 30 to 60 days in Chesapeake. I have seen more listings the 1st quarter of 2016 than normal. Yet, with my Chesapeake listings(as well as those in Virginia Beach and other cities) selling in 5-15 days lately, I have only 4 left.
Whether Chesapeake or Virginia Beach, listings are needed as buyers are snatching up low interest loans and finding their new home before Chesapeake prices go up. We have an approaching severe shortage in homes for sale(see graph). Sellers now is the time to call!
School will be out within a couple of months. Families will be looking to move due to various reasons.
Bright sunny days and warm temps will only cause the market to heat up more in Chesapeake and throughout Hampton Roads.. As the Spring rolls into Summer and school gets out, the market will only improve.
Remember 2006 in Chesapeake???? Market is there again.