Norfolk, Virginia may be known for its naval base, but it is also much more than just a military town. Part of the Norfolk-Virginia Beach-Chesapeake-Portsmouth and Suffolk area, also known as the Hampton Roads metropolitan area, Norfolk is bordered to the west by the Elizabeth River and to the north by the Chesapeake Bay. It is one of the oldest of the Seven Cities of Hampton Roads, and is considered to be the historic, urban, financial, and cultural center of the region. (more)
Future residents will find that Norfolk's real estate includes single-family homes in over 100 neighborhoods, with some boasting waterfront views. Norfolk is also home to a number of museums including the Chrysler as well as several performing arts companies. The city also hosts a number of festivals, parades and events at the downtown based Town Pointe Park.
With the natural harbors and access to water, Norfolk is a key military and transportation base. Norfolk Naval base is one of the largest naval bases in the world. The area also features numerous commercial and private shipyards, as well as shipbuilding and repair facilities. In addition to water based transport, the city is home to the corporate headquarters of the Norfolk Southern Railway.
Norfolk, VA Real Estate Prices
Like many cities in the south, Norfolk has successfully melded the traditional with the new. There are over 100 unique neighborhoods in Norfolk—some historic and others on the cutting edge. In recent years there has been a wave of new development that has included plenty of housing. Everyone from first-time homeowners to those looking for upscale living should be able to find something in their price range in Norfolk. (more)
Single-family homes in Norfolk begin at less than $100,000 for those who are looking to rehab a property or are looking for an investment opportunity, while homes that overlook the water on Ocean View Avenue cost anywhere from $270,000 to $3 million. There are many historic Norfolk neighborhoods such as Berkley, Willoughby Spit and Ocean View, while the Downtown and Ghent areas have become trendy places to live thanks to massive revitalization.
Updated On: May 19, 2012
Change and Trend of Asking Price in 23517
Sold Price History in 23517
"Frank Mangum : Your Local Real Estate Expert Specializing in Norfolk, Virginia"
Serving the real estate needs of buyers and sellers in and around Norfolk, Virginia is Broker/Realtor® Frank Mangum. Frank brings over 22 years of real estate experience to the table. His expertise, knowledge of the local market, negotiation skills and genuine concern for his clients' best interest make him a Realtor® that many new and returning clients have come to trust. (more)
As an area resident and a licensed general contractor, Frank's knowledge of the construction of the homes within the area is extensive and highly valuable. Frank's desire to help people acquire the most out of their real estate experience and investment is genuine and clients take note of this, referring their friends and family to him time and again. With an over 50% referred business rate, Frank knows that this is surely a sign of a job well done.
As your personal Realtor® and advisor, Frank ensures that you will experience only top quality service and satisfaction in your next real estate venture. Contact him today.
Norfolk Real Estate Stats and Trends for the week of May 14th, 2012: homes priced around $205,629 compared to $205,629 the previous week, to remain steady with no change in listing price. For Saturday, May 19th, the current national mortgage rate for a 30 year fixed mortgage is 3.73%; the 15 year fixed rate is at 3.03%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.39%, while the 15 year jumbo rate currently is at 3.60%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Norfolk VA. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Norfolk to help you find the best home!
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