Awesome News for Sellers!

The nationwide data say that prices were up both quarter to quarter and year to year.

In the South (where Clear Capital puts us — others have us as “Mid-Atlantic” or “East”), prices rose about 1.2% quarter to quarter, but, more importantly, they rose by just under 1% year to year.

The company’s guess for the reason:

This appreciation in prices over last year was in part furnished by a stronger than typical winter home buying season, where mild weather got homebuyers out on the hunt and motivated earlier than usual.

Whatever.

But check this out: Three of the top 15 highest-performing areas are in Virginia.

Rank Region Year to year Qtr. to qtr.
4 Washington / Alexandria / Arlington +7.5% +5.1%
11 Virginia Beach / Norfolk / Newport News +2.8% +2.7%
14 Richmond +3.0% +2.5%

http://varbuzz.com/2012-06/virginia-home-prices-whats-the-latest/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+varbuzz-partial+%28VAR+Buzz+Partial%29&utm_content=Google+Reader

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Realtor with Greg Garrett Realty, actively licensed in the state of Virginia

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