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Chesapeake For-Sale Residential New Home Sales Trends
In the Chesapeake new home market, the higher end of the market
($300K and above) has composed an increasingly large share of total
home sales, with the most significant gains seen in 2013. In 2013, half
of all new homes were priced above $300,000. The opposite is true for
the overall for-sale market, where homes less than $300,000 make up
the bulk of the market and the top of the market has declined since
2009.
New Home Sales by Year and Price Range
Chesapeake City; VA; 2009-2013
4,000
4,500
5,000
2,500
3,000
3,500
500
1,000
1,500
2,000
0
2009
2010
2011
2012
2013
Less than $200,000 $200,000-$300,000 $300,000-$400,000 $400,000-$500,000 More than $500,000
Dominion Boulevard | City of Chesapeake | April 11, 2014 | E4-11982.40
48
Source: Rose and Womble (2000-2011), ODU (2012-2013)
