If you need assistance, please call 757-354-1143

Virginia Beach One of the Best-Matched Markets in the U.S.

Tuesday, May 16, 2017   /   by Jason Sampson

Virginia Beach One of the Best-Matched Markets in the U.S.

Virginia Beach One of the Best-Matched Markets in the U.S.

Are you having trouble finding the ideal home in your price range? Don’t worry, you’re not alone. The market mismatch is the measure of search interest versus available listings and it’s impacting both buyers and sellers across the country.

Nationally, the average market mismatch score rose to 7.4% during the fourth quarter of 2016. When breaking homes down into starter, trade up, and premium, Trulia found that most shoppers are searching for starter and trade up homes while most listings are actually premium homes. Starter home searches accounted for 26% of all home searches when only 21.2% of listings were priced as a starter home. The lack of starter and trade up homes indicates an unbalanced market.

A Breakdown of U.S. Metros

Each metro tells a different story about mismatched markets, and it is affecting buyers and sellers in various ways. If a great number of home values in an area fall within the same price range as others, options for buyers will be limited. On the opposite end, home sellers that are marketing their homes at a price range few buyers are interested in will suffer, too.

Looking at how the number of searches stacks up against the listing availability in a metro can give us a better idea about the market mismatch. By doing so, we found the top 10 most mismatched markets in the country.

So where does Virginia Beach fall? The Virginia Beach-Norfolk metro, which includes the Hamptons and Chesapeake, actually has a much closer matched market, making it easier for both homebuyers and sellers in that area.

Starter homes in the metro, like Virginia Beach condos, are most closely matched. From October to December of 2016, 32.8% of all searches in that metro were devoted to starter homes. At that time, 30.3% of the homes on the market were starter homes, which created 2.5% gap.

Chesapeake homes and other trade up homes in in the metro see a slightly higher gap, compared to starter homes, but it is still far more balanced compared to metros across the country. From October to December, 30.1% of searches 2016 were dedicated to trade up homes and only 25.5% of homes listed falling in the trade up category, which created a 4.7% gap between supply and demand.

If you are looking to buy premium homes, like Hampton real estate, you may have the best luck in this metro. From October to December 2016, 37.1% of searchers were looking for premium homes, and 44.3% of homes listed were premium. While this surplus benefits potential buyers in the area, it can also hinder the seller. An over saturated market can actually drive prices down.

If you aren’t sure where you fall within starter, trade up, or premium homes in the Virginia Beach area, a home affordability calculator allows you to estimate mortgage payments by using your zip code, home price, down payment, interest rate, and loan type.

By Katie Bassett

Jason Sampson is a licensed Realtor in Virginia and focuses his "Guaranteed Sold or I'll Buy It Myself" Sales Strategy in the Seven Cities of Hampton Roads. He owns multiple real estate related businesses. In addition, he's a long time Real Estate Investor, Proper Manager, Landlord, and Mentor. Jason is married to his awesome wife of 5 years, Dana (no, she didn't force him to say that). They are not only Foster parents for the City of Virginia Beach, but also have a four legged child named Mejo. Jason enjoys traveling all over the world exploring the ocean scuba diving as well as learning about other cultures and traditions on land.

Your Home SOLD or I'll Buy It!*


Buyer's Agent,

Listing Agent,



5 BIG Reasons to Call Seven City Homes Today: 


We have over 1,100 Buyers in Waiting in our Database. It is likely that the buyer for your home is already in my database. Your home may already be SOLD! 



We sell our homes for 4.47% more in sales price when compared to your average agent.  This means real dollars in Your pocket. *On a $500,000 home, that's an extra $22,350 more money in your pocket. 


Per REIN MLS, the average agent sells a home in 80 days while our average time for selling a home is only 13 days!



With Seven City Homes proven track record of results, your home is more likely to sell, and sell for more money, and in less time!  According to MLS statistics, only 6 out of 10 area homes sell during their listing period. Compare that to 9 out of 10 homes listed by Seven City Homes that sold before the end of the listing term.      


We guarantee the sale of your home, or we'll buy it ourselves!*

NO Gimmicks! For information for my exclusive Guaranteed Sale Program, order a Free Report by clicking this link Don't Get Stuck Owning Two Homes Or Call me direct at 757-390-7575, and Start Packing! *homeowner and Jason must agree on price and possession date.

Jason Sampson
P.O BOX 61143
Virginia Beach, VA 23466
Mike Startare
600 Lynnhaven Parkway, Suite 100
Virginia Beach, VA, 23452
Work:757.498.6789 Ext:2614
Licensed in VA, NC.
NMLS # 70530

Featured real estate company is not a mortgage lender and so you should contact Atlantic Bay Mortgage Group, L.L.C. directly to learn about its products and your eligibility for such products. The featured lender has an affiliated business relationship with the featured real estate agent. You are under no obligation to use the featured lender for financing. All loans subject to income verification, credit approval and property appraisal. Not a commitment to lend. Atlantic Bay Mortgage Group, L.L.C. NMLS #72043 (nmlsconsumeraccess.org) is an Equal Opportunity Lender. Located at 600 Lynnhaven Parkway Suite 203 Virginia Beach, VA 23452.
©2023 REIN, Inc. Information Deemed Reliable But Not Guaranteed. The listings data displayed on this medium comes in part from the Real Estate Information Network, Inc, (REIN) and has authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent.

©2023 REIN. REIN's listings data and information is protected under federal copyright laws. Federal law prohibits, among other acts, the unauthorized copyright or alteration of. or preparation of derivative works from, all or any part of copyrighted materials, including certain compilations of data and information. COPYRIGHT VIOLATORS MAY BE SUBJECT TO SEVERE FINES AND PENALTIES UNDER FEDERAL LAW.

REIN update its listing on a daily basis. data last updated: September 21, 2023

Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings, user is advised to verify the accuracy of the listing information before making any financial decisions.

Some or all of the listings (or listings data) represented in this application have been enhanced with data not provided by REIN. The enhancements are as follows: Property Description, Property Photos. The source of these enhancements are: Google, Zillow, Trulia, etc.

This website does not include information on all the properties available for sale at this time.
This site powered by CINC: www.cincpro.com