Thomas Deering Real Estate

07/28/2026

📊 Hampton Roads Real Estate Market Update – June 2026 🏡

If you've been waiting to see what the market is doing, here's the latest snapshot from across Hampton Roads:

✅ More homes are available. Active listings are up 5.79% year-over-year (5,752 homes vs. 5,437 last June), giving buyers more choices than they had a year ago.

🔥 Buyer demand is still strong. Pending sales jumped 14.70%, showing that well-priced homes are continuing to attract offers quickly.

🏠 Closed sales are increasing. Settled sales rose 7.13%, indicating that buyers are following through and transactions remain healthy.

💰 Home values continue to climb. The median sales price increased 5.33% to $395,000, up from $375,000 a year ago. Homeowners are still building equity despite higher interest rates.

🚧 New construction dipped slightly. New construction sales were down 5.41%, which could keep inventory tighter in certain neighborhoods over the coming months.

What does this mean?

👉 For Buyers: You have more inventory to choose from, but competition hasn't disappeared. If you find the right home, it's still important to act decisively.

👉 For Sellers: Demand remains strong, and rising home prices mean many homeowners are in an excellent position to sell—especially if their home is priced correctly.

The Hampton Roads market continues to show resilience, with increasing inventory, strong buyer activity, and appreciating home values.

Thomas Deering
1st Class Real Estate Integrity
Chesapeake, Va.
757-971-3347

06/17/2026

🏡 Hampton Roads Market Update – May 2026 📊

The Hampton Roads housing market continues to show steady growth compared to last year:

✅ Active listings up 4.47% (5,512 homes available)
✅ Pending sales up 5.96%
✅ Closed sales up 1.64%
✅ Median sales price up 1.65% to $375,000
⚠️ New construction sales down 6.25%

More inventory and stronger buyer activity are creating opportunities for both buyers and sellers, while home values continue to appreciate at a healthy pace.

Thinking about buying or selling in Hampton Roads? Let's talk about what these numbers mean for your specific situation.

Thomas Deering
1st Class Real Estate Integrity
Chesapeake, Va.
757-971-3347

04/10/2026

Just Listed!

Updated 4-bedroom, 2.5-bath home in Indian River Farms, located on a cul-de-sac and backing to a large wooded area for added privacy. The backyard is set up for relaxing and entertaining with a saltwater pool (new filter and electric cover), wood privacy fence, screened-in porch, and storage shed. The home also features a covered front porch and an attached 2-car garage. Inside, you’ll find plenty of natural light and a functional layout with a living room, family room, dining room, and an updated kitchen with stainless steel appliances, granite countertops, bar seating, and a breakfast area with custom bench seating. Bathrooms have been updated, and the primary suite includes a jetted tub, glass-enclosed shower, and double vanities. Additional features include two HVAC systems (2016 & 2020), dry wells, sprinkler system, and an encapsulated crawlspace with dehumidifier.

Listing Agent: Imad Rayanne

Thomas Deering
1st Class Real Estate Integrity
Chesapeake, Va.
757-971-3347

Updated 4-bedroom, 2.5-bath home in IndianRiver Farms, lo...

03/13/2026

🏢 Cap Rate vs ROI - Quick Real Estate Tip

People often think cap rate and ROI mean the same thing, but they measure two different things.

Cap Rate tells you how a property performs based on its income and price. It’s basically the return if you bought the property with all cash.

ROI tells you how your actual investment performs based on the cash you put in, financing, and overall profit.

In simple terms:

• Cap Rate = property performance
• ROI = investor performance

Both matter, but they answer different questions.

If you’re ever analyzing an investment property and want help breaking down the numbers, feel free to reach out. Happy to help. 📊

Thomas Deering
1st Class Real Estate Integrity
Chesapeake, Va.
757-971-3347

02/27/2026

🏡 385 Woodland Rd – Hampton, VA
💰 $380,000 | 🛏️ 3 Beds | 🛁 2 Baths | 📐 2,025 Sq Ft

This stunning brick ranch has been fully rebuilt from the studs in 2020, offering modern upgrades with timeless charm in the heart of Phoebus.

✨ Why this home stands out:
✔️ Completely renovated: new kitchen, baths, flooring, roof, siding & systems
✔️ Spacious fenced backyard with ample parking
✔️ TWO detached garages — one with a finished 2-level accessory living space (~1,152 sq ft)
✔️ Ideal for multi-gen living, guests, or rental income potential
✔️ Convenient to Langley AFB, Mercury Blvd & major interstates

💡 Whether you're looking for extra space, a home with income potential, or a move-in-ready property near everything Hampton Roads offers — this one checks all the boxes.

📩 Message me to schedule a private showing!

Thomas Deering
1st Class Real Estate Integrity
Chesapeake, Va.
757-971-3347

Stunning brick ranch fully rebuilt from the studs in 2020...

02/20/2026

Welcome to this beautifully updated 2 🛏 | 1 🛁 | 884 sqft ranch-style home offered around $210K the perfect blend of comfort, convenience, and affordability.

✨ Why you’ll love it:
• Thoughtfully renovated interior with modern finishes
• Brand-new appliances + new HVAC for peace of mind
• Easy single-level living
• Spacious backyard for relaxing or entertaining
• Minutes to Naval Base & Naval Hospital ideal for military buyers

Whether you're a first-time buyer, downsizing, or investing, this turnkey home checks all the boxes.

📍 Portsmouth, VA
📩 Message me for details or to schedule a private tour!

Thomas Deering
1st Class Real Estate Integrity
Chesapeake, Va.
757-971-3347

Discover this beautifully updated 2-bedroom, 1-bath ranch...

02/11/2026

🏡 New to Market — Spacious Virginia Beach Home in Beautiful Pungo! 🌳

Just listed! Discover country-style living with modern convenience in this stunning 5-bed, 3-bath single-family home in the Back Bay community of Virginia Beach, VA 23457 — perfect for families or anyone seeking space and serenity.

✨ Property Highlights:
• 5 Bedrooms & 3 Full Baths — lots of room for family, guests, or a home office 💼
• ~2,815 sq ft of living space — generous floorplan with living room and eat-in kitchen
• Gorgeous hardwood flooring throughout 🪵
• Large kitchen with pantry + separate dining area 🍽️
• Private backyard with salt-water in-ground pool 🏊‍♂️ — perfect for summer gatherings
• Covered front porch + deck for outdoor living 🪑
• Oversized 1.07-acre lot — room to roam! 🌿

📍 Location Perks:
Minutes from beaches, bases, restaurants, entertainment, and shopping — enjoy quiet, country vibes while still being close to everything you need.

📩 Reach out to schedule your private tour — you’ll love it!

Thomas Deering
1st Class Real Estate
Chesapeake, Va.
757-971-3347

Country Living with Quick Access to City Life Convenience...

02/10/2026

📊 Hampton Roads Market Snapshot – January 2026

The Hampton Roads housing market is starting the year with steady momentum 👇

🏡 Active Listings: Up 3.7% year-over-year
⏳ Pending Sales: Up 15.1% (buyers are writing offers)
✅ Closed Sales: Up 13.1% compared to last January
🏗 New Construction Sales: Up a big 25.3%
💲 Median Sales Price: $355,170 (⬆️ 4.46% from last year)

What this means:
Buyers are active, sellers are still seeing appreciation, and new construction continues to play a bigger role across the region.

Whether you’re thinking about buying this year, selling, or just keeping an eye on the market, understanding these trends helps you make smarter moves.

📩 Want a breakdown for your specific city or neighborhood?
Just send me a message and I'll be happy to help.

Thomas Deering
1st Class Real Estate Integrity
Chesapeake, Va.
757-971-3347

02/09/2026

📍 2029 Shipyard Rd, Chesapeake, VA 23323
✨ Stunning 4 bed / 3 bath single-family home on a private 0.55-acre lot – NO HOA!

This beautiful property features:
• Spacious open-concept living with a cozy electric fireplace
• Main-level bedroom — perfect for guests or flexible space
• $50K+ in desirable backyard upgrades, including a vinyl privacy fence, irrigation system, and Trex deck — ideal for outdoor living & entertaining
• Minutes from shopping, dining, and major commuter routes
• Located in highly rated schools (Deep Creek Elementary, Hugo A. Owens Middle, Grassfield High)

👉 No flood insurance required.

📲 Interested? Message me for details or to schedule your personal tour!

🔗 View full listing: https://myre.io/0tjEJg1Yeyfn

Thomas Deering
1st Class Real Estate Integrity
Chesapeake, Va.
757-971-3347

Listing Agent: Angie Kennedy

Dream Home, No HOA! This beautifully maintained 4-bedroom...