Stratford Terrace Real Estate Market Update: A Strong Seller's Market in Chesapeake, VA

Dated: February 2 2024

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Are you considering buying or selling a home in the Hickory area of Chesapeake? If so, let's take a closer look at the current real estate market in the sought-after neighborhood of Stratford Terrace.

Location and Overview: Stratford Terrace is conveniently situated in the Hickory area of Chesapeake, just off Mt. Pleasant Road near the Centerville Turnpike intersection. Boasting approximately 160 single-family homes, this community was established between 2002 and 2006, offering a mix of modern residences. Nearby neighborhoods include Ravenna and School House Crossing.

Property Snapshot: The median size of a home in Stratford Terrace is 2,903 square feet, featuring 4 bedrooms and 2.5 bathrooms. With a median yard size of 0.35 acres, residents enjoy a balance of indoor and outdoor living. Families in this community are served by Butts Road Primary, Butts Road Intermediate, Hickory Middle, and Hickory High schools.

Recent Sales and Market Trends: Over the past year, the real estate market in Stratford Terrace has been limited. Despite a limited inventory, three homes were successfully sold, showcasing the neighborhood's desirability. Notably, 1507 Ashburn Court and 1516 Ashburn Court both sold for $10,000 over the asking price within a remarkably short timeframe, emphasizing the high demand for homes in this area.

Current Market Conditions: As of now, there are no homes for sale in Stratford Terrace, and no pending closings. The limited inventory, coupled with recent successful sales, indicates a strong seller's market. Homeowners contemplating a sale may find this to be an opportune moment to capitalize on the favorable conditions.

Real Estate Expertise: If you are considering buying or selling in Stratford Terrace or the surrounding Tidewater area of Virginia and North Carolina, Robin Gauthier of NextHome Tidewater Realty is here to assist you. With a focus on neighborhoods in Great Bridge, Grassfield, Hickory in Chesapeake, and Kempsville in Virginia Beach, Robin brings extensive knowledge and expertise to help clients achieve their real estate goals.

Conclusion: 

With the market favoring sellers in Stratford Terrace and the surrounding areas, now could be the ideal time to make a move. Whether you're looking to buy or sell, don't miss the opportunity to navigate the real estate landscape with the guidance of a seasoned professional like Robin Gauthier. Contact her today to explore the possibilities and make informed decisions for your real estate journey in Tidewater..

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Licensed Real Estate Broker in Virginia 0225181163 and North Carolina 301068

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Robin Gauthier

I specialize in helping buyers and sellers reach their real estate goals in the Tidewater area of Virginia and North Carolina with my areas of expertise being Great Bridge and Hickory section of Ches....

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