Portsmouth Real Estate - Homes for Sale in Portsmouth, Va.

Real Estate Information for:

Hampton Roads

Virginia Beach

Norfolk

The Portsmouth Real Estate Market and Area

There are currently 822 homes for sale in Portsmouth. Depending on your search criteria, prices can range from below $100k to $1.4 million. Many potential buyers like the city because it's a great place to buy an affordable home that is close to other cities that may offer more in terms of shopping or entertainment. Because Hampton Roads is such a waterfront area, Portsmouth is no different for finding a great property on a lake or tributary. A few months ago I showed a condo that was priced well below the market on great water, complete with a dock. Some of the more sought out neighborhoods are River Pointe, Long Point, Hidden Cove, Cavalier Manor, and Hatton Point. There are great home ownership possibilities in Portsmouth, especially if you are in the market for a single family detached home. However, you can also find listings like condos, waterfront homes, townhomes, and luxury homes.

The Area

Portsmouth is the home of the Norfolk Naval Shipyard which is responsible for employing thousands Virginia residents. As of 2007, the population of Portsmouth was approaching 102,000. The city is located across the Elizabeth River from Downtown Norfolk and is considered 1 of the 7 cities of Hampton Roads, Va. Olde Towne Portsmouth is located in the downtown area which has many historical structures and things to do. Notables include the Children's Living Museum, Harbor Center, Virginia Sports Hall of Fame, and Naval Shipyard and Lightship Museum. Click the link below to view the full list of things to do and places to go in Portsmouth. Popular schools are Western Branch High School, I.C. Norcom High School, Woodrow Wilson High School, and Tidewater Community College.

Things to do in Portsmouth - School Information - Restaurants

Portsmouth Real Estate Market Report 10/08

Current Listings:

2008 - 813
2007 - 744

"Sold" Days on the Market:

2008 - 79
2007 - 62

"Settled" YTD Totals:

2008 - 961
2007 - 1,236

Statistics are through October for each year.

Neighborhood Spotlight for the last 10 homes sold in Cradock:

Status             Address                    List Price      Price Sale    SqFt         Closed
SOLD   106   KELLY DR                     130,000       127,500     1361      12/30/2008
SOLD     36   EMMONS PLACE         159,900       152,000     1350      12/12/2008
SOLD   105   GILLIS RD                       90,000         60,000     1123      12/02/2008
SOLD   100   AFTON PARKWAY      171,900       161,900    1388      11/26/2008
SOLD   107   DECATUR ST.               62,500         58,000      720       11/21/2008
SOLD     38   ALDEN AV                      90,900         87,500    1292       11/07/2008
SOLD     13   CHANNING AVE            85,000         74,100    1043      10/31/2008
SOLD   158   GILLIS ROAD                152,000       150,000      880      10/30/2008
SOLD     59   DECATUR ST                174,900        172,900    1440      10/30/2008
SOLD     36   AYLWIN CRESCENT   132,500       132,500     1019      10/24/2008

Want a complete list of all the homes that are for sale in your favorite neighborhood? Send your request to
jeff@homesandfood.com

View Information and Homes for Sale in the Neighborhoods of:

Sandie Point Crystal Lake Estates

Jeff Nelson
The Real Estate Group
1112-F Eden Way North
Chesapeake, Va. 23320
757-749-1616