Virginia Beach Homes and Real Estate
Virginia Beach is located in the Mid-Atlantic region of the southeastern corner of Virginia on the ocean. Spanning approximately 497 square miles, the city is the easternmost part of Hampton Roads, which encompasses six other cities – Norfolk, Chesapeake, Newport News, Hampton, Portsmouth and Suffolk. Virginia Beach has the longest pleasure beach in the world, as noted by The Guinness Book of Records. For this reason, it is known as a resort city welcoming an abundance of tourists each year. Virginia Beach has a lot to offer both visitors and locals – with a plethora of area attractions, great schools and a rich history.
Buying a Home in Virginia Beach
There are many housing choices in the Virginia Beach area – something to meet everyone’s needs. With numerous lakes, tributaries and the ocean, buyers have a number of waterfront options. In addition, there are many golf course communities, properties with acreage, and growing subdivisions. The city currently offers a large quantity of listings ranging from $130,000 one-bedroom condos to multimillion-dollar mansions. There are also many options in between – with detached single-family homes starting around $200,000. Because Virginia Beach is a hot spot for tourism and offers so many local attractions, there will always be interested real estate buyers. Many visitors even have second homes or vacation condos in the area. Since this area is seeing the best buyers market in some time with good interest rates and many sellers assisting with closing costs, now is the perfect time to buy a home in Virginia Beach.
First Time Homebuyers
If you're considering buying your first home, contact us for a free, no-obligation homebuyer consultation. We'll walk you through the steps you need to take to get into your new home, including getting pre-qualified and searching for homes that fit your needs. Our agents have a great deal of experience working with first time homebuyers and can help make the process easy and fun. They will connect you with our mortgage team who will help you get prequalified, and will help you explore the various options available in Virginia Beach, including traditional homes, townhouses, and even new construction homes.
Homes in Virginia Beach
In 1963, the city was separated into seven boroughs: Bayside, Blackwater, Kempsville, Lynnhaven, Princes Anne, Pungo and Virginia Beach. Within its borders, there are many unique neighborhoods and communities. These areas include single-family homes, condos, townhouses, waterfront homes, co-ops, apartments, lofts, farms/ranches, multi-family homes and vacant land. There are approximately 654 homes per square mile citywide. Virginia Beach is a very suburban area comprised of a large number of subdivisions. Some of these popular neighborhoods include: Alanton, Alexandria, Bayside, Bellamy Manor, Christopher Farms, Church Point, College Park, Courthouse Estates, Croatan Beach, Cypress Point, Great Neck, Greenwich, Hillcrest Farms, Indian River Plantation, Kempsville, Kings Grant, Landstown, Little Neck, London Bridge, Lynnhaven, Oceana, Ocean Lakes, Pembroke Manor, Pembroke Meadows, Princess Anne, Pungo, Salem, Salem Lakes, Sandbridge, Thalia, The North End, Thoroughgood, Witchduck Point and the Oceanfront.
The real estate market in Virginia Beach has showed signs of stability in recent months. Because of the strong military presence in the Hampton Roads area, the city’s market has maintained a certain amount of cushion over the years. Real estate taxes also dropped slightly in 2009 for the majority of Virginia Beach residents. Because of the city’s land preservation efforts, vacant land for new construction is limited. This factor makes Virginia Beach real estate a wise investment. U.S. News & World Report names Virginia Beach among “America’s 10 Best Places to Grow Up” and CNN Money calls the city one of the “25 Best Places to Retire.” With continuous national reports like these, Virginia Beach’s real estate is only gaining value.
New Homes and New Construction in Virginia Beach
If one is looking to customize their home, they have the option to build on vacant land or in an existing new construction neighborhood in Virginia Beach. Choosing this option allows a buyer to customize a floor plan, so one can meet their personal or family’s needs – all while designing their dream home at an affordable price. These homes allow you to choose your own appliance colors, carpet, wood flooring, cabinets, countertops, exterior vinyl, roof, fixtures and ceramic tile colors from builder samples. They also include unique interior and exterior structural features, and are marked by their unique design and amenities. When building a personalized home, there is often a high level of flexibility in the building process to ensure these dream homes meet their owners' expectations. Using an agent in this process will help in many ways. An agent can assist by directing buyers to newly built homes that specifically match their criteria. They can also recommend builders based on their reputation and experience in delivering a high-quality and reasonably priced product. A buyer with an agent will likely have more favor when negotiating. Additionally, agents can help buyers choose between hundreds of design and upgrade options and can recommend those which will add value to a home when it comes time to sell.
Selling in Virginia Beach
Homeowners in Virginia Beach have stronger selling points than many other areas of the country. Besides having family appeal, the city’s economy is typically stimulated by tourism, agribusiness and military sectors locally.
Living in Virginia Beach
Virginia Beach has been a popular vacation destination since the 1880's. Locals are able to regularly experience all the features that draw thousands of tourists to the city each year. Besides the oceanfront, there are seven major malls, two indoor arenas, museums, conventions centers, parks, venues and hundreds of restaurants in Virginia Beach and the nearby cities of the Hampton Roads metropolitan area. Furthermore, families can benefit from its wide variety of fifty-six elementary schools, fourteen middle schools and eleven high schools, as well as low crime rates.
Virginia Beach City Profile
|Population Density||871 Persons per sq mi|