While we strive for accuracy, the availability of foreclosure properties listed on our site is not guaranteed due to ever-changing market conditions. We invite you to explore other categories, including pre-foreclosures, offering valuable real estate investment opportunities.
Virginia Beach's housing market tends to be stable, buoyed by its military presence and tourism economy. The steady rotation of military families moving in and out keeps housing demand consistent.
In the past few years, home prices here have risen steadily but not wildly. It's a desirable coastal area, but it didn't see the extreme bidding wars that some hotter markets did.
Recently, with interest rates up, Virginia Beach has cooled slightly like many places. Homes are still selling, but buyers are a bit more cautious and have a little more time to decide compared to the frenzy a year or two ago.
Well-maintained houses in sought-after neighborhoods (especially near the water) continue to find buyers, though perhaps with fewer offers than before. Sellers might have to negotiate a bit more now, but overall prices remain strong due to consistent demand. You won't see many foreclosure listings here; thanks to stable military employment and moderate price growth, most homeowners have stayed on track with their mortgages. Overall, Virginia Beach's market is healthy and active, just cruising at a slightly more relaxed speed than before.
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