Virginia home prices — what’s the latest?

Speaking of that Clear Capital report, let’s look a little deeper to see what’s what here in the Old Dominion.

The nationwide data say that prices were up both quarter to quarter and year to year.

In the South (where Clear Capital puts us — others have us as “Mid-Atlantic” or “East”), prices rose about 1.2% quarter to quarter, but, more importantly, they rose by just under 1% year to year.

The company’s guess for the reason:

This appreciation in prices over last year was in part furnished by a stronger than typical winter home buying season, where mild weather got homebuyers out on the hunt and motivated earlier than usual.

Whatever.

But check this out: Three of the top 15 highest-performing areas are in Virginia.

Rank Region Year to year Qtr. to qtr.
4 Washington / Alexandria / Arlington +7.5% +5.1%
11 Virginia Beach / Norfolk / Newport News +2.8% +2.7%
14 Richmond +3.0% +2.5%

 

You can view the whole report right here (PDF) — it’s (as always) an interesting read.

And don’t forget VAR’s more-detailed (and more regional) monthly and quarterly Home Sales Reports!

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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One Response to Virginia home prices — what’s the latest?

  1. Tony Arko says:

    National government, military complex and state government. Taxes being funneled to people who do not create anything but either regulate or destroy things. Not a good trend.

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