Home Values

Colonial Beach Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

The median price of homes currently listed in Colonial Beach is $212,000 while the median price of homes that sold is $142,312. The median rent price in Colonial Beach is $1,200, which is higher than the Westmoreland County median of $1,150.

Foreclosures will be a factor impacting home values in the next several years. In Colonial Beach 2.9 homes are foreclosed (per 10,000). This is lower than the national value of 4.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Colonial Beach is 6.1%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Colonial Beach homeowners underwater on their mortgage is 21.0%, which is higher than Westmoreland County at 18.3%.

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Relative ZHVI
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Colonial Beach Market Overview

Data through Oct 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $212,000 Median listing price
  • No recent data Median sale price
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Colonial Beach Market Health

Data through Oct 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 21.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI
Newburg $286,500
Avenue $277,800
King George $245,900
Name Median ZHVI
Cobb Island $239,100
Chaptico $207,900
 

Listings & Sales

Data through Oct 31, 2014
  • $138 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 30.6% Listings with price cut
44.8%
Sold below listing
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Colonial Beach Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,317 Colonial Beach
    $1,396 Westmoreland County
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • $1,200 Rent list price
  • $0.83 Rent list price / sq ft
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