• psst … I’m a Realtor! Thanks for stopping by my website. I would love to help you find your dream home and community in the Hampton Roads or Williamsburg area or to sell your existing home. This website is authored by local resident and REALTOR, John Womeldorf. John is known around town as Mr. Williamsburg, for both his extensive knowledge of Hampton Roads and the historic triangle, and his expertise in the local real estate market. His websites, WilliamsburgsRealEstate.com and Mr Williamsburg.com were created as a resource for folks who are exploring a move to Williamsburg, VA , Hampton Roads VA and the surrounding areas of the Virginia Peninsula. On his website you can search homes for sale , foreclosures, 55+ active adult communities, condos and town homes , land and commercial property for sale in Williamsburg, Yorktown, New Kent, Poquoson, and Gloucester, VA as well as surrounding markets of Carrolton, Chesapeake,Gloucester, Hampton, Isle of Wight, Portsmouth Mathews, Newport News Norfolk, Poquoson, Smithfield, , Suffolk, Surry, Va Beach, Yorktown and York County Virginia You can reach John by email John@MrWilliamsburg.com or phone @ 757-254-813

Hampton Roads Real Estate Median Prices

Question : I think Virginia Beach has the best median household income, at 65K. 3 x 65K (conventional figure) puts the median price around $190K. I think we are at $300K median asking price for the region.

Answer: According to a report I just ran ( sold home prices last 12 months 2007-2008 for the region that includes  Norfolk, Portsmouth, Chesapeake, Virignia Beach, Suffolk, Hampton, Isle Of Wight, Newport News, York , Williamsburg, James City County) the median price was $230,000.

All figures are derived from REIN ( Real Esate Information Network)

 

If I run the same report for Virginia Beach the Median Price for sold homes was $250,000. As of point of comparison the median  price for homes sold in 2000-2001 for the Hampton Roads region was $117,995