Virginia Beach is a vibrant coastal town with a variety of bustling, unique districts in the heart of the intersection of the Atlantic Ocean and the Chesapeake Bay. The city maintains a friendly, low-key beach atmosphere, yet it's also known for its flourishing culinary scene, bustling Oceanfront Boardwalk, eclectic arts district, and pristine surrounding inland areas. The city is rapidly growing and, in part, this rapid growth is due to Virginia Beach’s growing reputation as half beach “town,” half beach “city,” offering the best of both worlds.
Virginia Beach has also become an attractive relocation destination due to the fact that, unlike many beach towns, locals genuinely appreciate the influx of new residents. One of the first things you may wonder when considering selling your home is when exactly the best time to sell is. The steps below will help you pinpoint the best possible time to sell your Virginia Beach home.
Take Advantage of the Sellers’ Market
If you're looking to sell your home in Virginia Beach, you have the upper hand as a seller. Zillow’s national home value index currently has the Virginia Beach area rated as a “very hot” sellers-centric market, with the average home value increasing 3.4% over the last 12 months.
People are flocking to find housing in Virginia Beach, even from as close as a few cities away. That means that there's not enough inventory of homes for sale to meet the needs of the high volume of buyers.
The best-performing realtors® in Virginia Beach will tell you that buyers will be looking to get an offer in quickly and avoid minimal price negotiations as they're aware there are other buyers looking to jump at purchasing a great home. Take advantage of this sellers’ market by really getting into gear to get your home on the market as soon as possible.
Take Advantage of Spring Sales
Did you know that there are two specific weeks that garner faster, higher-priced home sales than any other time of year? It’s true! The first two weeks of May are the pinnacle of sales season for both sellers and buyers.
During this time, homes typically spend around 18 days less on the market than they do for the rest of the year. They also sell for about 6% above the median value. However, you don’t have to confine yourself to those two weeks. Late spring and early summer (April-June) are the best months for sellers. Take advantage of these proven statistics to give yourself a target date to officially list your house.
Market your Home to Snowbirds
Top real estate agents in Virginia Beach know that it's crucial to take advantage of your location’s warm weather and beach proximity by making sure you have a clear portion of your marketing strategy that focuses on reaching snowbirds.
People who live in colder regions, especially the Northeast, tend to have been tip-toeing around the idea of moving for years before they finally relocate. Typically, these snowbirds finally become active in buying a home during the very late winter and early spring.
Focus on doing the majority of your home repairs and upgrades in late fall and early-to-mid winter to be prepared to have your home listed to appeal to those relocating to Virginia Beach from colder climates.