March 30, 2014

Bank Owner Weekly for the Week of March 30, 2014

foreclosure 2Really Thought the ‘Hoos Would Do It! Get to the Final Four that is. But they had a hellUVA of good year though.  And Louisville lost, too. Friday night really wasn’t my night. Oh well, I guess I’ll have to pull for UK from this point forward.

Here are the links for Bank Owned Weekly for March 30th in both Single Family Residences and Condos & Townhouses.

Group 1 of Single Family Homes in West End Richmond.

Group 1 of Townhouses and Condominiums for West End Richmond.

Group 1 of Single Family Homes in Glen Allen.

Group 2 of Single Family Homes in Glen Allen.

Group 1 of Townhouses and Condominiums for Glen Allen.

Group 1 of Single Family Homes in Western Chesterfield.

Group 1 of Townhouses and Condominiums for Western Chesterfield.

If you want to see anything, feel free to call either Laura,804.339.6607, or me, 804.301.7598.

March 23, 2014

Bank Owned Weekly for the Week of March 23, 2014

foreclosure 2 Tough Loss for VCU ! What a heartbreaker, but the Rams gave it their best. And talking about an almost shocker, I hope the Cavaliers got their off game out of their system. And what about Duke. I am sure there will be more upsets as the Tourney advances.

Here are the links for Bank Owned Weekly for March 23rd in both Single Family Residences and Condos & Townhouses.

 Group 1 of Single Family Homes in West End Richmond.

 Group 2 of Single Family Homes in West End Richmond.

 Group 1 of Townhouses and Condominiums for West End Richmond.

Group 1 of Single Family Homes in Glen Allen.

 Group 2 of Single Family Homes in Glen Allen.

 Group 1 of Townhouses and Condominiums for Glen Allen.

 Group 1 of Single Family Homes in Western Chesterfield.

 Group 1 of Townhouses and Condominiums for Western Chesterfield.

 If you want to see anything, feel free to call either Laura,804.339.6607, or me, 804.301.7598.

March 17, 2014

Bank Owned Weekly for the Week of March 16, 2014

foreclosure 2     Can the ‘Hoos Do It ? Twenty Years! That’s how long it’s been since the Wahoos have been in the Championship Game of the ACC Tournament. And who do they face? No other than Duke, the winner of 10 out of the last 16 tourneys. Well, if the Cavaliers can win this one, they won’t be Cavalosers in my book anymore.

Here are the links for Bank Owned Weekly for March 16th in both Single Family Residences and Condos & Townhouses.

Group 1 of Single Family Homes in West End Richmond.

Group 2 of Single Family Homes in West End Richmond.

Group 1 of Townhouses and Condominiums for West End Richmond.

Group 1 of Single Family Homes in Glen Allen.

Group 2 of Single Family Homes in Glen Allen.

Group 1 of Townhouses and Condominiums for Glen Allen.

Group 1 of Single Family Homes in Western Chesterfield.

Group 1 of Townhouses and Condominiums for Western Chesterfield.

If you want to see anything, feel free to call either Laura,804.339.6607, or me, 804.301.7598.

 

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March 11, 2014

Richmond Real Estate Market Snapshot for February 2014

sold snapshot old        I had to labor some with the new MLS system to create these monthly statistics which I have been publishing for years now. One of these statistics that you will notice has changed is D.O.M. (days on market). Under the old MLS system, DOM was measured from listing date to pending (under contract) date. Now the DOM is measured from listing date until settlement (closed) date. This will make marketing appear taking longer, but actually is a better representation of actual time on the market. February ’14 numbers are pretty good considering the short month and the horrible weather. Single family inventory homes increased approximately 2.9 % over January levels. February units sold were down 9.8 % from January ‘14, yet almost an identical number with February ’13. Scarcity in inventory created some shockingly low number of sales for the West End City and also in Glen Allen, but discounting was lower due to increased competition by purchasers. We still have an imbalance in inventory making a slight seller’s market in effect. Presently, the market looks strong, but could slow with any increase in mortgage rates.

Here’s the Market Snapshot for February 2014:

For the 19 single family homes sold in
Fan & Museum District of the City of Richmond
(Fox and John B. Cary School Districts)
Average Sales Price in February $ 399,450
Median Sales Price …………..   $ 313.000
Sales Price/List Price Ratio …….. 96 %
Days on Market ………………… 86
Months of Inventory …………..  2.30
Average Size 3 bedrooms 2.5 baths of 2,237 sq ft
Average $ per square foot ……….$ 168.45

For the 8 homes sold in West End of the City of Richmond
(Zips 23221, 23226 and 23230)
Average Sales Price in February $ 379,681
Median Price …………………… $ 371,250
Sales Price/List Price Ratio ……. 98 %
Days on Market ………………… 80
Months of Inventory ………….. 8.38
Average Size 4 bedrooms, 2 baths of 2,022 sq ft
Average $ per square foot……..   $ 180.21

For the 9 homes sold on the Northside of the City of Richmond
(Holton School District)
Average Sales Price in February $ 224,489
Median Price ……………….  $ 183,000
Sales Price/List Price Ratio ……. 98 %
Days on Market ………………… 101
Months of Inventory ………….  3.77
Average Size 3 bedrooms, 2.5 baths of 1,921 sq ft
Average $ per square foot……..   $ 123.81

For the 15 homes sold on the Southside of the City of Richmond
(Zip 23225)
Average Sales Price in February $ 174,527
Median Price ……………….. $ 147,000
Sales Price/List Price Ratio ……. 97            %
Days on Market ………………… 90
Months of Inventory ………….  8.10
Average Size 3 bedrooms, 2 baths of 1,744 sq ft
Average $ per square foot……..   $ 94.38

For the 50 single family homes sold in West End of Henrico County
(Zips 23226, 23229, 23230, 23233, 23238)
Average Sales Price in February $ 286,038
Median Sales Price …………….  $ 244,000
Sales Price/List Price Ratio ……….  97 %
Days on Market ……………….    75
Months of Inventory ………….     3.50

Average Size 4 bedrooms 2.5 baths of 2,160 sq ft
Average $ per square foot ………. $ 131.30

For the 66 single family homes sold in Chesterfield
(Zips 23831, 23832, 23834, 23836, and 23838)
Average Sales Price for February $ 227,286
Median Sales Price ………….. $ 215,300
Sales Price/List Price Ratio ……..  98 %
Average Days on Market………… 109
Months of Inventory …………….. 7.85
Average Size 4 bedroom, 2.5 baths of 2,249 square ft
Average $ per square foot ………..$ 98.83

For the 25 single family homes sold in Glen Allen
(Zips 23059 and 23060)
Average Sales Price for February $ 315,424
Median Sales Price…………… $ 306,750
Sales Price/List Price Ratio ………  101 %
Average Days on Market ………….  89
Months of Inventory ……………   8.24

Average Size 4 bedrooms, 2.5 baths of 2,507 sq ft
Average $ per square foot……… $ 128.32

For the 36 single family homes sold in Mechanicsville
(Zips 23111 and 23116)
Average Sales Price for February $ 228,099
Median Price …………………  $ 202,000
Sales Price/List Price Ratio ……… 98 %
Average Days on Market ………….  112
Months of Inventory ……………  4.8
Average Size 4 bedrooms, 2.5 baths 2,071 sq ft
Average $ per square foot ……….. $ 111.79

For 69 single family homes sold in Midlothian
(Zips 23112, 23113, and 23114)
Average Sales Price for February $ 274,401
Median Price ………………… $ 259,900
Sales Price List Price Ratio …….    100 %
Average Days on Market ………… 59
Months of Inventory …………….  5.15

Average Size 4 bedrooms, 2.5 baths of 2,411 sq ft
Average $ per square foot……….. $ 111.93

 

March 9, 2014

Bank Owned Weekly for the Week of March 9, 2014

foreclosure 2Don’t Oversleep !!! Did you remember to spring forward last night? If you didn’t, you’ll probably be late for church. It’s that time of the year that I really like where we have daylight into the evening.

Here are the links for Bank Owned Weekly for March 9th in both Single Family Residences and Condos & Townhouses.

Group 1 of Single Family Homes in West End Richmond.

Group 2 of Single Family Homes in West End Richmond.

Group 1 of Townhouses and Condominiums for West End Richmond.

Group 1 of Single Family Homes in Glen Allen.

Group 2 of Single Family Homes in Glen Allen.

Group 1 of Townhouses and Condominiums for Glen Allen.

Group 1 of Single Family Homes in Western Chesterfield.

Group 1 of Townhouses and Condominiums for Western Chesterfield.

If you want to see anything, feel free to call either Laura,804.339.6607, or me, 804.301.7598.

March 2, 2014

Bank Owned Weekly for the Week of March 2, 2014

foreclosure 2      More Winter on Its Way ? How about some March lion with just some howling winds? Actually, I’d prefer the March lamb, but maybe we get snow this week? I thought we’re warming up. Oh, and do you like our new MLS system?

Here are the links for Bank Owned Weekly for March 2nd in both Single Family Residences and Condos & Townhouses.

 Group 1 of Single Family Homes in West End Richmond.

 Group 2 of Single Family Homes in West End Richmond.

 Group 1 of Townhouses and Condominiums for West End Richmond.

 Group 2 of Townhouses and Condominiums for West End Richmond.

 Group 1 of Single Family Homes in Glen Allen.

 Group 2 of Single Family Homes in Glen Allen.

 Group 1 of Townhouses and Condominiums for Glen Allen.

 Group 1 of Single Family Homes in Western Chesterfield.

 Group 2 of Single Family Homes in Western Chesterfield. 

Group 1 of Townhouses and Condominiums for Western Chesterfield.

 If you want to see anything, feel free to call either Laura,804.339.6607, or me, 804.301.7598.

February 24, 2014

Bank Owned Weekly – Week of February 23, 2014

foreclosure 2What A Great Week !  That is now that the weather has warmed. You’ll notice some differences in your links this week. Richmond Realtors are using a new MLS system and with any “new” system there will be  problems. Let me know if anything is askew.

Here are the links for Bank Owned Weekly for February 23rd in both Single Family Residences and Condos & Townhouses.

Group 1 of Single Family Homes in West End Richmond.

 Group 2 of Single Family Homes in West End Richmond.

 Group 1 of Townhouses and Condominiums for West End Richmond.

 Group 2 of Townhouses and Condominiums for West End Richmond.

 Group 1 of Single Family Homes in Glen Allen.

 Group 2 of Single Family Homes in Glen Allen.

 Group 1 of Townhouses and Condominiums for Glen Allen.

 Group 1 of Single Family Homes in Western Chesterfield.

Group 2 of Single Family Homes in Western Chesterfield.

 Group 1 of Townhouses and Condominiums for Western Chesterfield.

 And don’t forget today is the Great American Race, Daytona! Here’s another old blog post I wrote just to get you in the proper mood.

 http://blog.bricksmith.com/goodbye-nascar/

If you want to see anything, feel free to call either Laura,804.339.6607, or me, 804.301.7598.

February 11, 2014

Richmond Real Estate Market Snapshot for January 2014

sold snapshot old     So how were January sales? Well, disappointing when compared to December. They were down 23 % from the soaring number achieved last December, but January ’14 sales were up 8 % from January ’13 numbers. So go figure. Existing inventory rose 1.7 % from December’s levels, but inventory was down some 8 % from January ’13 levels. Discounting was more prevalent in January and Days on Market increased as well as older inventory was absorbed. This also lowered the dollar per square foot number. We continue to have a shortage in inventory which is causing a great deal of competition for better inventory.

Here’s the Market Snapshot for January 2014:

For the 22 single family homes sold in
Fan & Museum District of the City of Richmond
(Fox and John B. Cary School Districts)
Average Sales Price in January $ 296,861
Median Sales Price …………..   $ 240,206
Sales Price/List Price Ratio …….. 99 %
Days on Market ………………… 42
Months of Inventory …………..  2.10
Average Size 3 bedrooms 2.5 baths of 1,877 sq ft
Average $ per square foot ……….$ 157.24

For the 15 homes sold in West End of the City of Richmond
(Zips 23221, 23226 and 23230)
Average Sales Price in January $ 516,100
Median Price …………………… $ 347,000
Sales Price/List Price Ratio ……. 97 %
Days on Market ………………… 22
Months of Inventory ………….. 2.53
Average Size 4 bedrooms, 2.5 baths of  2,524 sq ft
Average $ per square foot……..   $ 186.53

For the 11 homes sold on the Northside of the City of Richmond
(Holton School District)
Average Sales Price in January $ 251,859
Median Price ……………….  $ 213,000
Sales Price/List Price Ratio ……. 96 %
Days on Market ………………… 47
Months of Inventory ………….  3.0
Average Size 3 bedrooms, 2.5 baths of 2,156 sq ft
Average $ per square foot……..   $ 117.75

For the 27 homes sold on the Southside of the City of Richmond
(Zip 23225
Average Sales Price in January $ 225,197
Median Price ……………….. $ 195,000
Sales Price/List Price Ratio ……. 94            %
Days on Market ………………… 67
Months of Inventory ………….  4.48
Average Size 3 bedrooms, 2.5 baths of 1,931 sq ft
Average $ per square foot……..   $ 109.58

For the 45 single family homes sold in West End of Henrico County
(Zips 23226, 23229, 23230, 23233, 23238)
Average Sales Price in January $ 296,260
Median Sales Price …………….  $ 243,000
Sales Price/List Price Ratio ……….  97 %
Days on Market ……………….    52
Months of Inventory ………….     3.69
Average Size 4 bedrooms 2.5 baths of 2,288 sq ft
Average $ per square foot ………. $ 125.32

For the 83 single family homes sold in Chesterfield
(Zips 23831, 23832, 23834, 23836, and 23838)
Average Sales Price for January $ 239,064
Median Sales Price ………….. $ 220,000
Sales Price/List Price Ratio ……..  99 %
Average Days on Market………… 66
Months of Inventory …………….. 6.43
Average Size 4 bedroom, 2.5 baths of 2,326 square ft
Average $ per square foot ………..$ 100.81

For the 36 single family homes sold in Glen Allen
(Zips 23059 and 23060)
Average Sales Price for January $ 361,359
Median Sales Price…………… $ 321,250
Sales Price/List Price Ratio ………  99 %
Average Days on Market ………….  62
Months of Inventory ……………   5.61

Average Size 4 bedrooms, 3.5 baths of 2,740 sq ft
Average $ per square foot……… $ 126.71

For the 57 single family homes sold in Mechanicsville
(Zips 23111 and 23116)
Average Sales Price for January $ 247,959
Median Price …………………  $ 229,500
Sales Price/List Price Ratio ……… 97 %
Average Days on Market ………….  60
Months of Inventory ……………  4.8
Average Size 4 bedrooms, 2.5 baths 2,201 sq ft
Average $ per square foot ……….. $ 111.71

For 77 single family homes sold in Midlothian
(Zips 23112, 23113, and 23114)
Average Sales Price for January $ 306,694
Median Price ………………… $ 283,500
Sales Price List Price Ratio …….    98 %
Average Days on Market ………… 65
Months of Inventory …………….  4.15

Average Size 4 bedrooms, 2.5 baths of 2,593 sq ft
Average $ per square foot……….. $ 114.54

February 9, 2014

Bank Owned Weekly for the Week of February 9, 2014

foreclosure 2     Forget Colorado, I’m Moving to Florida! Really can’t take too much of this cold weather any longer. Guess my blood is too thin. Think the temperature is supposed to reach 50 degrees today, but then be cold all week. It’s really not fair to make Sundays decent then have the rest of the week miserable.

Here are the links for Bank Owned Weekly for February 9th in both Single Family Residences and Condos & Townhouses.

Group 1 of Single Family Homes in West End Richmond.

Group 2 of Single Family Homes in West End Richmond.

Group 1 of Townhouses and Condominiums for West End Richmond.

Group 2 of Townhouses and Condominiums for West End Richmond.

Group 1 of Single Family Homes in Glen Allen.

Group 2 of Single Family Homes in Glen Allen.

Group 1 of Townhouses and Condominiums for Glen Allen.

Group 1 of Single Family Homes in Western Chesterfield.

Group 1 of Townhouses and Condominiums for Western Chesterfield.

If you want to see anything, feel free to call either Laura,804.339.6607, or me, 804.301.7598.

February 2, 2014

Bank Owned Weekly for the Week of February 2, 2014

foreclosure 2Go Broncos ! Yeah, I know Russell Wilson is from the RVA, but I am an oldster so I have to pull from the old pro. Sure hope it will be a good game, but I have hoped that before MANY MANY times. And what happened to the ICE BOWL?

Here are the links for Bank Owned Weekly for February 2nd in both Single Family Residences and Condos & Townhouses.

Group 1 of Single Family Homes in West End Richmond.

Group 2 of Single Family Homes in West End Richmond.

Group 1 of Townhouses and Condominiums for West End Richmond.

Group 2 of Townhouses and Condominiums for West End Richmond.

Group 1 of Single Family Homes in Glen Allen.

Group 2 of Single Family Homes in Glen Allen.

Group 1 of Townhouses and Condominiums for Glen Allen.

Group 1 of Single Family Homes in Western Chesterfield.

Group 1 of Townhouses and Condominiums for Western Chesterfield.

If you want to see anything, feel free to call either Laura,804.339.6607, or me, 804.301.7598.

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