Are short sales and foreclosures more prevelant in some school zones than others?
I was doing some research this morning and very surprised to find 3,682 short sales in Virginia Beach. This does not include Chesapeake, Norfolk, or Portsmouth.
More distressed properties are about to hit the market. Banks have been holding on to foreclosures hoping the market is going to turn. This is called Shadow Inventory. There are 700,000+ that will flood our inventory soon. After gathering this information, I decided to dig deeper. I wanted to know how many homes are for sale in each high school and what percentage of those are distressed.
So, let’s look at some different High Schools in Virginia Beach and the number of distressed sales versus non-distressed homes for sale:
Kempsville High School:
There are 18 distressed sales out of 136 total homes on the market in this zone. The neighborhoods that feed into this school zone include: Stratford Chase, Bellamy Manor, Bellamy Woods, Lakeville Estates, Fox Run, Point O View, Carolanne Farms, Fairfield, Woods of Avalon, Larkspur, Acredale Estates, Chatmoss, Arrowhead, Jonathans Cove, Woodstock, Hunts Pointe, Woodstock Cove, Avalon Terrace Estate, Bellamy Manor East, Lark Downs, Fairfield Forest, Fair Meadows, Kempsville Heights, Larkspur Greens, Ridglea, Dunbarton, Chatham Hall, Pocahontas Village, Boulevard Manor, Kempsville Garden, etc.
Tallwood High School:
There are 25 distressed sales out of 162 total homes on the market in this zone. The neighborhoods that feed into this school zone include: Brandon, Brigadoon, Alexandria, College Park, Woodbridge Pointe, Lake Archway, Cedar Hill, Whitehurst Landing, Elizabeth River Shores, Sherry Park, Charlestowne Lakes, Charlestowne Lakes South, Lake James, etc.
Salem High School:
There are 31 distressed sales out of 148 total homes on the market in this zone. The neighborhoods that feed into this school include: Rosemont Forest, Salem Woods, Wyndamere, Salem Villages, Glenwood, Bellamy Plantation, Coventry, Indian Lakes, The Orchard at Glenwood, etc.
Kellam High School:
There are 39 distressed sales out of 422 total homes on the market in this zone. The neighborhoods that feed into this school include: Pungo, Blackwater, Sandbridge, Strawbridge, Hunt Club, Red Mill, Red Mill Farm, Ocean Lakes, Munden Beach, Middle Oaks Plantation, Castleton, Pine Ridge, Sherwood Lakes, Three Oaks, High Gate Greens, Southern Woods, Lagomar, Lotus Garden, Princess Anne Woods, Lake Placid, Heritage Park, Nimmo, Mathews Green, Ashville Park, Heron Ridge Estates, Court House Estates, Indian River Plantation, etc.
Cox High School:
There are 17 distressed sales out of 336 total homes on the market in this zone. The neighborhoods that feed into this school include: Bayville Park, Chesapeake Beach, Chicks Beach, Baylake Pines, Aeries on the Bay, Church Point, Ocean Park, Baylake Beach, Chesopeian Colony, Cape Story by the Sea, North End, North End VA Beach, Lake Trant, Wellington Woods, Great Neck Meadows, Great Neck Estates, Lynnhaven Colony, Laurel Cove, Arbors at Cape Henry, Birdneck Point, Broad Bay Estates, Bay Island, Broad Bay Point Greens, Linkhorn Cove, Shorehaven, Princess Anne Hills, Trant Berkshire, Green Hill Farms, Wimbledon, Rose Hall Shores, Great Neck Point, Bay Colony, Forest Hills, Chelsea, The Reserve at Great Neck, Green Hill Farms, Robinhood Forest, Rose Hall Shores, Estates on the Lynnhaven, etc
There are 42 distressed sales out of 141 total homes on the market in this zone. The neighborhoods that feed into this school include: Doyletown, Princess Anne Plaza, Pecan Gardens, Westmoreland Estates, Windsor Woods, The Lakes, Lynnhaven, Brookwood, Windsor Oaks, Windsor Oaks West, Green Run, Timberlake, Chimney Hill, Oak Springs, Amberley Forest, Town Square, etc.
Princess Anne High School:
There are 11 distressed sales out of 114 total homes on the market in this zone. The neighborhoods that feed into this school include: Bayside, Pembroke Manor, Thoroughgood, Witchduck, Wishart Cove, Saw Pen Point, Malibu, Thalia Village, Birchwood Gardens, Thalia Manor, Thalia Acres, Thalia Shores, Thalia Gardens, Thalia Trace, Windsor Woods, Princess Anne Plaza, Windsor Oaks West, Windsor Woods, Windsor Oaks, Lynnhaven Woods, etc.
First Colonial High School:
There are 14 distressed sales out of 264 total homes on the market in this zone. The neighborhoods that feed into this school include: Kings Grant, Pinewood Gardens, Eastern Park, Groveland Park, Kings Forest, Kings Neck Woods, Lynnfield, Little Neck Cove, Redwood Farms, Middle Plantation, Bishopsgate, Michaelwood, Lynnhaven Acres, Royal Grant, Woods of Little Neck, Sea Breeze Farms, Briarcliff, Little Haven, Lynndale Estates, Seatack, Oceana Village, Gatewood Park, Oceana Gardens West, Hilltop Manor, Cheltenham Square, Rudee Heights, Shadowlawn, Camden Estates, London Bridge, Laurel Manor, Beach Borough, Linkhorn Estates, Great Neck Meadows, Shadowlawn Heights, Sylvan Lake, Harbour Point, Linkhorn Oaks, Brighton on the Bay, Mill Dam Forest, Alanton, Linlier, Croatan, Quaill Point Cove, Linkhorn Cove, Alanton North, Nottingham Estates,etc.
Ocean Lakes High School
There are 20 distressed sales out of 141 total homes on the market in this zone. The neighborhoods that feed into this school include: Virginia Village, Seatack, Oceana, Birdneck Lake, Nimmo, Strawbridge, Redwing, Ocean Lakes, Dam Neck Estates, Upton Estates, Pine Meadows, Red Mill Farm, Park Place, Prince George Estates, South Shore Estates, Mayberry, Lagomar, Magic Hollow, Princess Anne Plaza, Carriage Hill, Lamplight Manor, etc
Bayside High School
There are 28 distressed sales out of 146 total homes on the market in this zone. The neighborhoods that feed into this school include: Thoroughgood, Aragona, Aragona Village, Diamond Springs, Amhurst, Diamond Spring Homes, Lawson Forest, Diamond Lake Estates, Witchduck Lake, Witchduck Landing, Newsome Farms Estate, Wesleyan Chase, Bayside, Lynbrook Landing, Lakeview Park, Lakeview Shores, Diamond Commons, Lake Shores, Garnetts Watch, Pembroke Manor, Euclid Place, Burton Station, Lake Smith Terrace, Cypress Point, Gardenwood Park, Ridgely Manor, Weslyan Pines, Haygood Point, L & J Gardens, Bradford Acres, Sajo Farms, North Shore at Ridgely, Crystal Point, etc.
Landstown High School
There are 30 distressed sales out of 161 total homes for sale in this zone. The neighborhoods that feed into this school include: Lake Placid, Castleton, Pungo, Cardinal Estates, Holland Farms, Buckner Farm, Holland Pines, Landstown Lakes, Woodland Estates, Salem Lakes, Rock Creek, Sunstream Park, Landstown Meadows, Green Run, Woods at Piney Grove, Indian River Farms, Bellwood Estates, Newcastle, Bernard Farms, Hillcrest Farms, Highland Meadows, Highland Parish, River Oaks, Morgans Walke, Princess Anne Borough, etc.
Kempsville has 13%, Tallwood has 15%, Salem has 20%, Kellam has 9%, Cox has 5%, Green Run has 30%, Princess Anne has 10%, First Colonial has 5%, Ocean Lakes has 14%, Bayside and Landstown have 19%.