ABOUT VIRGINIA BEACH - VIRGINIA FACTS AND POINTS OF INTEREST - Part 1.
| Virginia Beach Facts | Virginia Beach | Virginia |
| Population | 434,000 | 7,700,000 |
| Housing Market Units | 180,000 | 3,350,000 |
| Av. House Value | $180,000 | $170,000 |
| Av. Household Income | $70,000 | $63,000 |
| Est. Building Permits 2009 | 750 | 17,000 |
| Land Area | 248 Sq. Miles | 38,594 Sq. Miles |
| Persons Per Sq. Mile | 1,800 (urban) | 180 (rural) |
EXAMPLE of homes in the $500,000 TO $750,000 price range in for real estate in Virginia Beach
EXAMPLE of homes in the $300,000 to $400,000 price range in for real estate in Virginia Beach
The Tax Credit for First Time Home Buyers ($8,000) and Repeat Home Buyers ($6,500) has generated a significant increase in home buying activity in the Virginia Beach real estate market.
Home purchases in October 2009 increased about 28% over home purchases in October 2008. Buyers are taking advantage of low real estate prices and opportunities and will benefit further when they file their 2009 Income Tax return.
Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988.
