For Sale by Owner - Virginia
Virginia is a state we highly recommend since we are based in it! Given our location, you can probably imagine our thoughts on homes for sale by owner in Virginia.
For Sale by Owner - Virginia
The Commonwealth of Virginia was one of the original thirteen colonies foretelling the United States. It is named after Queen Elizabeth, known as the Virgin Queen. No, we are not kidding. In an odd bit of trivia, Virginia is by far the state that has produced the most Presidents of the United States - George Washington, Thomas Jefferson, James Madison, James Monroe, Woodrow Wilson, William Henry Harrison, John Tyler and Zachary Taylor.
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Homes for sale by owner in Virginia are plentiful. That being said, market specifics are highly dependent on the particular part of Virginia you are focused on as the state is very diverse.
Alexandria is a small city located just six miles south of Washington, D.C. Many prominent political and economic figures reside in the city and prices reflect it. Average prices run in the $370,000 range, but there are plenty of plush areas with prices in the seven figures.
Richmond is the capital of Virginia and, perhaps, a better indicator than Alexandria. The average price for a single-family home is in the $120,000 to $200,000 range depending on the area of the city. Despite these relatively low prices, property in Richmond has been appreciating at over 10 percent a year.
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Homes for sale by owner in Virginia form a solid part of the real estate market. Prices are reasonable and appreciation is strong. While other parts of the country report cooler real estate markets, homes for sale by owner in Virginia are still red hot.
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