Market report, updated

Market Report

Search in the subdivision of Salem Lakes

Timshires.com
Report prepared by Timshires.com Howard Hanna
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Market at a glance

Over the last 6 months, homes sold for 100.0% of list price in 4 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $341K Sold · $341K
$430K$400K$370K$340K
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Sold tab (last 6 months) Earlier

Peak: 9 sales in Jun. Last month: 3.

Where the market stands

All homes in this report, by status.

43homes
Active8 · 19%
Under contract3 · 7%
Sold (6 mo)32 · 74%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

1.5months of inventory
Seller's, under 4BalancedBuyer's, over 6

Homes are selling quickly, which favors sellers in this market.

Average price by status

Active$342K
Under contract$392K
Sold$394K

Average days on market

Active44 days
Under contract27 days
Sold4 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 8
Average list price $342,275
Avg. days on market 44 days
Avg. price per ft² $234
Avg. living area 1,458 ft²
Avg. beds / baths 3.0 / 1.9

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

$600K$400K$200K$0

Price vs. living area: 8 homes plotted, up to $600K and 3,000 ft².

0 ft²1,0002,0003,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

Highest price per ft²

Top 7 homes in this status.

1933 Aquamarine Drive$263
4045 Starwood Arch$248
3825 Frazier Lane$248
3939 Morning Light Lane$233
3946 Lantana Place$231
4006 Salem Terrace$226
3737 Grey Dove Lane$219

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
4045 Starwood ArchSouth Central 2 Virginia Beach, VA 23456 32.11,550$385,000$2488 days
3939 Morning Light LaneSouth Central 2 Virginia Beach, VA 23456 21.11,179$274,900$23317 days
3737 Grey Dove LaneSouth Central 2 Virginia Beach, VA 23456 32.11,708$375,000$21928 days
3825 Frazier LaneSouth Central 2 Virginia Beach, VA 23456 421,642$408,500$24835 days
3946 Lantana PlaceSouth Central 2 Virginia Beach, VA 23456 32.11,356$313,900$23139 days
2016 Inverrary CourtSouth Central 2 Virginia Beach, VA 23456 421,676$350,000$20851 days
4006 Salem TerraceSouth Central 2 Virginia Beach, VA 23456 22.11,198$271,900$22671 days
1933 Aquamarine DriveSouth Central 2 Virginia Beach, VA 23456 321,360$359,000$263102 days
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Questions about this market?

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These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

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Next steps

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Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings; user is advised to verify the accuracy of the listing information before making any financial decisions.

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