Peninsula,
Days on market: 31
Number of houses sold: 29,085
Average price: $250,304
Williamsburg
Days on market: 54
Number of houses sold: 2,328
Average price: $350,080
Number of houses sold: 16,442
Average price: $237,953
Northern Neck
Days on market: 179
Number of houses sold: 1,370
Average price: $235,198
Source:
Property tax rates
Locality / Tax rate (per $100 of assessed value)
Williamsburg $0.54
Virginia Beach $1.02
Source: Virginia Economic Development Partnership, Guide To Local Taxes 2005-6
Leading builders
Builder / Closings
1. Terry/Peterson Residential / 230
2.
3. Chesapeake Homes / 202
4. Dragas Associates / 178
5. Franciscus Company / 177
6. Baymark Construction / 150
7. Hearndon Construction / 141
8. Beco Construction / 137
9. (tie) Napolitano Enterprises / 112
U.S Home Construction / 112
10. (tie) McQ Builders / 105
JTM Development / 105
Builder / Permits
1. Chesapeake Homes / 351
2. Dragas Homes / 299
3. Centex Homes / 269
4. Terry/Peterson Residential / 196
5. Franciscus Company / 191
6. Futura Group / 159
7. U.S. Home Corporation / 148
8.
9. Ainslie-Widener / 127
10. Beco Construction / 121
Source:
Hampton Roads Housing Cost Trends
In January 2002, the average market time for home sales was 57 days, while the average price of a single-family home was $151,008.
In January 2003, the average market time for home sales was 45 days, while the average price of a single-family home was $157,388.
The average price of a single-family home in January 2004 was $181,160. The average time for homes on the market was 36 days.
The average price of a single-family home in January 2005 was $221,039. The average time for homes on the market was 33 days.
In January 2006, the average price of a single-family home on the Peninsula cost $250,304. The average time for homes on the market was 31 days.
Source: Virginia Association of Realtors