Top Mega Teams in Virginia Beach, Virginia – Ranked by Volume
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| Rank – City Volume | Team Name | Company | Location | Volume | Profile |
|---|---|---|---|---|---|
| 1 | The Kris Weaver Team | Atlantic Sotheby’s International Realty | Virginia Beach, VA | $128,084,801 | View Profile |
| 2 | Lonnie Bush Real Estate Group | LPT Realty | Virginia Beach, VA | $76,512,764 | View Profile |
| 3 | BHG Native American Group Team | Better Homes and Gardens Real Estate Native American Group | Virginia Beach, VA | $75,397,027 | View Profile |
2023 Virginia Beach, Virginia Housing Market Summary
Virginia Beach, Virginia started 2023 with a total of 370 single-family homes on the market, with a median home price of $449,900 and an average price per square foot of $277. By the end of the year, inventory had decreased to 300 homes on the market (-18%), with a median home price of $482,450 (+7%) and an average price per square foot of $297 (+7%).
At the start of 2023, the median days on market (DOM) was 49 days – by the end of the year, median DOM had increased to 56 days.
Virginia Beach started the year with 36% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 42% of Virginia Beach homes for sale had taken a price cut.
Finally, Altos’ proprietary Market Action Index (MAI) shows that Virginia Beach started 2023 as a strong seller’s market, with an MAI score of 47; by the end of the year, the MAI had dropped to 42 – a slight seller’s advantage.
This market summary is powered by Altos Research – click here to run a free report for your area.
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Frequently Asked Questions
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How are real estate transaction sides defined?
A transaction side represents one side of a transaction: the buyer side or the seller side. If an agent represents both the buyer and the seller, the transaction side is counted twice.
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How is real estate sales volume defined?
Real estate sales volume is defined as the total dollar value of all real estate transactions facilitated by an agent or a brokerage. This encompasses the sum of the sale prices of all properties sold, and not the profit or commission made from these sales.
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What are the classifications of team size?
Small: 2-5 licensed agents
Medium: 6-10 licensed agents
Large: 11-20 licensed agents
Mega: 21+ licensed agents
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What time period is the data used in the rankings from?
The RealTrends Agent Rankings reflect the previous calendar year. For example, the 2023 rankings show data from calendar year 2022.
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Additional questions?
View the full Rankings FAQ page here.
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