April 19, 2015

Bank Owned Weekly for the Week of April 19, 2015

foreclosure 2

Boy, What a Great Weekend! Yesterday felt like summer, didn’t it? It was such a beautiful day. Just perfect for a wedding which is what we did.

Here are the links for Bank Owned Weekly for April 19th in Single Family Homes and Condominiums.

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 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.

April 14, 2015

Greater Richmond Real Estate Market Snapshot for March 2015

sold snapshot old

Shazam! What a March! March 2015 sales were up 37 % over February 2015. And how about 2015 sales now eclipsing 2014 sales by over 25 %. Sure seems to be a strong year we’re having, but in recent years we haven’t been able to maintain the momentum yearlong. I hope 2015 doesn’t disappoint. Inventory levels remain low causing multiple offers on many homes, especially in the West End and Glen Allen areas. Although there was talk of a mortgage rate increase that talk has ceased due to GDP downgrades by several district Fed members. If I have learned anything in my 30 plus year Real Estate career, it is the least hiccup in the economy can have dour consequences on housing. So I will sit back and watch where we are heading.

Here’s the Market Snapshot for March 2015:

For the 32 single family homes sold in Fan & Museum District of the City of Richmond

(Fox and John B. Cary School Districts)

Average Sales Price in March $ 410,121

Median Sales Price …………..   $ 354,750

Sales Price/List Price Ratio …….. 99 %

Days on Market ………………… 44

Months of Inventory …………..  1.50

Average Size 3 bedrooms 2.5 baths of 2,108 sq ft

Average $ per square foot ……….$ 192.69


For the 19 homes sold in West End of the City of Richmond

(Zips 23221, 23226 and 23230)

Average Sales Price in March $ 354,291

Median Price …………………… $ 372,500

Sales Price/List Price Ratio ……. 99.9 %

Days on Market ………………… 18

Months of Inventory ………….. 1.77

Average Size 3 bedrooms, 2 baths of 1,917 sq ft

Average $ per square foot……..   $ 189.78


For the 19 homes sold on the Northside of the City of Richmond

(Holton School District)

Average Sales Price in March $ 257,834

Median Price ……………….  $ 225,000

Sales Price/List Price Ratio ……. 98.6 %

Days on Market ………………… 51

Months of Inventory ………….  1.70

Average Size 3 bedrooms, 2 ½ baths of 2,021 sq ft

Average $ per square foot……..   $ 131.31


For the 30 homes sold on the Southside of the City of Richmond

(Zip 23225)

Average Sales Price in March $ 211,783

Median Price ……………….. $ 192,725

Sales Price/List Price Ratio ……. 97.3 %

Days on Market ………………… 38

Months of Inventory ………….  3.13

Average Size 3 bedrooms, 2 baths of 1,682 sq ft

Average $ per square foot……..   $ 122.45


For the 86 single family homes sold in West End of Henrico County

(Zips 23226, 23229, 23230, 23233, 23238)

Average Sales Price in March $ 316,204

Median Sales Price …………….  $ 255,362

Sales Price/List Price Ratio ……….  97.6 %

Days on Market ……………….    50

Months of Inventory ………….     2.44

Average Size 4 bedrooms 2.5 baths of 2,258 sq ft

Average $ per square foot ………. $ 134.23


For the 117 single family homes sold in Chesterfield

(Zips 23831, 23832, 23834, 23836, and 23838)

Average Sales Price for March $ 216,963

Median Sales Price ………….. $ 205,000

Sales Price/List Price Ratio ……..  99 %

Average Days on Market………… 73

Months of Inventory …………….. 4.42

Average Size 4 bedroom, 2.5 baths of 2,118 sq ft

Average $ per square foot ………..$ 103.52


For the 94 single family homes sold in Glen Allen

(Zips 23059 and 23060)

Average Sales Price for March $ 372,488

Median Sales Price…………… $ 354,930

Sales Price/List Price Ratio ………  99 %

Average Days on Market ………….  55

Months of Inventory ……………   2.32

Average Size 4 bedrooms, 2.5 baths of 2,686 sq ft

Average $ per square foot……… $ 136,71


For the 54 single family homes sold in Mechanicsville

(Zips 23111 and 23116)

Average Sales Price for March $ 284,074

Median Price …………………  $ 268,000

Sales Price/List Price Ratio ……… 98.4 %

Average Days on Market ………….  57

Months of Inventory ……………  5.40

Average Size 4 bedrooms, 2.5 baths 2,460 sq ft

Average $ per square foot ……….. $ 117.46


For 118 single family homes sold in Midlothian

(Zips 23112, 23113, and 23114)

Average Sales Price for March $ 309,676

Median Price ………………… $ 255,000

Sales Price List Price Ratio …….    100 %

Average Days on Market ………… 69

Months of Inventory …………….  3.58

Average Size 4 bedrooms, 2.5 baths of 2,525 sq ft

Average $ per square foot……….. $ 119.85

April 12, 2015

Bank Owned Weekly for the Week of April 12, 2015

foreclosure 2

Ah, Sunday at Augusta, What Could Be Better ? What looked like a blowout has gotten better. Can the youngster Spieth hang in there? Or will Phil pull it off again? Or maybe Rose. I know I’ll be watching. And it’s a shame to be stuck inside on such a beautiful day, but it’s the Masters.

Here are the links for Bank Owned Weekly for April 12th in 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 2 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.

April 8, 2015

Bank Owned Weekly for the Week of April 5, 2015

foreclosure 2

Yeah, I’m Late and I Know It, But I Was Lazy This Weekend ! Com’ on, I can’t enjoy Easter? Then I felt like I might as well enjoy Easter Monday. Can you remember when we always got Easter Monday off? Then I had to watch the Duke and Wisconsin battle and I stayed up WAY past my bedtime. Yesterday, I was dragging so I took yesterday off. Sue me. Anyway, I am back at it and ready to hit it. Did you hear that UVA is rated # 1 in next year basketball poll?

Here are the links for Bank Owned Weekly for April 5th in 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.

Group 2 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.

April 1, 2015

Richmond Real Estate Market Snapshot for February 2015

sold snapshot oldYeah, I am late publishing February’s data. Don’t know why I missed the mid-month date, but I did. February sales were booming. Up over 24% from February 2014. And while January 15 lagged January 14, the heathy number of sales for February brought 2015 ahead of 2014 by some 7.5 %. Standing inventory continues to be low. I continue to attribute this factor to homeowners remaining upside down in their mortgages. This makes it great for non-underwater sellers, who are being presented with multiple and bid up offers for their homes. This is very representative of go-go years beginning in 2004 and lastly through 2006, where more buyers were chasing not enough inventory; and we know how that ended up. I wish I could be more positive, but I am not seeing many positive signs.

Here’s the Market Snapshot for February 2015:

For the 15 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 $ 468,083

Median Sales Price …………..   $ 335,000

Sales Price/List Price Ratio …….. 99 %

Days on Market ………………… 35

Months of Inventory …………..  3.06

Average Size 3 bedrooms 2.5 baths of 2,182 sq ft

Average $ per square foot ……….$ 194.91


For the 14 homes sold in West End of the City of Richmond

(Zips 23221, 23226 and 23230)

Average Sales Price in February $ 545,000

Median Price …………………… $ 477,450

Sales Price/List Price Ratio ……. 97.2 %

Days on Market ………………… 55

Months of Inventory ………….. 3.0

Average Size 4 bedrooms, 2 ½ baths of 2,678 sq ft

Average $ per square foot……..   $ 197.64


For the 6 homes sold on the Northside of the City of Richmond

(Holton School District)

Average Sales Price in February $ 272,608

Median Price ……………….  $ 256,500

Sales Price/List Price Ratio ……. 97.5 %

Days on Market ………………… 33

Months of Inventory ………….  4.5

Average Size 3 bedrooms, 2 baths of 2,009 sq ft

Average $ per square foot……..   $ 136




 

For the 23 homes sold on the Southside of the City of Richmond

(Zip 23225)

Average Sales Price in February $ 244,704

Median Price ………………… $ 190,000

Sales Price/List Price Ratio ……. 98 %

Days on Market ………………… 74

Months of Inventory ………….  3.39

Average Size 3 bedrooms, 2 baths of 1,778 sq ft

Average $ per square foot……..   $ 125.56


For the 66 single family homes sold in West End of Henrico County

 (Zips 23226, 23229, 23230, 23233, 23238)

 Average Sales Price in February $ 315,962

 Median Sales Price …………….  $ 254,800

 Sales Price/List Price Ratio ……….  97.7 %

 Days on Market ……………….    62

 Months of Inventory ………….     2.77

Average Size 4 bedrooms 2.5 baths of 2,330 sq ft

Average $ per square foot ………. $ 133.57


For the 88 single family homes sold in Chesterfield

(Zips 23831, 23832, 23834, 23836, and 23838)

Average Sales Price for February $ 231,121

Median Sales Price ………….. $ 215,570

Sales Price/List Price Ratio ……..  99 %

Average Days on Market………… 83

Months of Inventory …………….. 5.67

Average Size 4 bedroom, 2.5 baths of 2,247 sq ft

Average $ per square foot ………..$ 104.14


For the 46 single family homes sold in Glen Allen

(Zips 23059 and 23060)

Average Sales Price for February $ 340,353

Median Sales Price…………… $ 306,500

Sales Price/List Price Ratio ………  98.2 %

Average Days on Market ………….  52

Months of Inventory ……………   4.5

Average Size 4 bedrooms, 2.5 baths of 2,612 sq ft

Average $ per square foot……… $ 130.03


For the 43 single family homes sold in Mechanicsville

(Zips 23111 and 23116)

Average Sales Price for February $ 258,193

Median Price …………………  $ 240,000

Sales Price/List Price Ratio ……… 97.5 %

Average Days on Market ………….  75

Months of Inventory ……………  6.84

Average Size 4 bedrooms, 2.5 baths 2,290 sq ft

Average $ per square foot ……….. $ 116.03


For 69 single family homes sold in Midlothian

(Zips 23112, 23113, and 23114)

Average Sales Price for February $ 339,174

Median Price ………………… $ 289,950

Sales Price List Price Ratio …….    100.3 %

Average Days on Market ………… 70

Months of Inventory …………….  5.86

Average Size 4 bedrooms, 3.5 baths of 2,744 sq ft

Average $ per square foot……….. $ 119.78

March 16, 2015

Bank Owned Weekly for the Week of March 15, 2015

foreclosure 2

Are You Ready for Saint Paddy’s Day ? Seems it may of come early with Notre Dame winning the ACC Tournament. The Irish? With UVA out I assumed it would be Duke; maybe Carolina, but the Irish. You know what they say about the luck of the Irish. This could make for some miserable years in football, too.

Here are the links for Bank Owned Weekly for March 15th in 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.

March 1, 2015

Bank Owned Weekly for the Week of March 1, 2015

foreclosure 2

I am really sick of this weather !!! The only thing that makes me smile is how well the Cavaliers continue to play. 27-1!!! Now it’s Conference Tournaments, then on to the Big Dance. Hopefully, we will see some warmer weather. After all, it’s March 1st. Rabbit, rabbit.

Here are the links for Bank Owned Weekly for March 1st in 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.

Yeah, call me foolish but I will be holding 8 N. Plum Street in the Fan open today from 2-4 p.m. This is a FORECLOSURE so be forewarned there is no heat, but this is modernized corner row house of over 2,200 square feet. It has a very open first floor and 3 HUGE bedrooms. Offered at $401,000.

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

February 25, 2015

Bank Owned Weekly for the Week of February 22, 2015

foreclosure 2Watching the Great American Race? Well, I am. And when Daytona is over, I’m going to listen to the Cavaliers on the radio. Yeah, I know if I had cable t.v.; I could watch It on the tube, but I am cheap and refuse to have cable. Oh, and did you enjoy having a temperature of 50?

Here are the links for Bank Owned Weekly for February 22nd 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 2 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 16, 2015

Bank Owned Weekly for the Week of Febraury 15, 2015

foreclosure 2     Moving slow due to the COLD Weather!!! Boy, just brutal out there this morning. Had a hard time getting out of bed. Getting excited about the NCAA’s. How about those Cavaliers. Won a close one yesterday. Honestly, think they are better than anytime in the Sampson’s years.

Here are the links for Bank Owned Weekly for February 15th 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 10, 2015

Metro Richmond Real Estate Snapshot for January 2015

sold snapshot old    So how’s 2015 starting out for the Richmond Real Estate Market? Well, not so hot! Despite record low mortgage rates, the number of sales for January 2015 was down about 7.5 % versus January 2014; and if you remember, 2014 had a horrible first quarter. If there is anything redeeming in the 2015 numbers, it is the “pending” sales number which indicates February sales should be fairly strong and wipe out any deficiency between 2014 and 2015 numbers. Sales inventory continues to be very low which could be influencing overall sales, since the quality of inventory is not at its best, but I see little chance of improvement due to many owners still underwater on their existing mortgages. I wish I could be more positive, but I am not seeing many positive signs.

Here’s the Market Snapshot for January 2015:

For the 10 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 $ 267,233

Median Sales Price …………..   $ 228,713

Sales Price/List Price Ratio …….. 96.3 %

Days on Market ………………… 49

Months of Inventory …………..  4.06

Average Size 3 bedrooms 2.5 baths of 1,707 sq ft

Average $ per square foot ……….$ 153.16


For the 14 homes sold in West End of the City of Richmond

(Zips 23221, 23226 and 23230)

Average Sales Price in January $ 579,864

Median Price …………………… $ 385,050

Sales Price/List Price Ratio ……. 96.0 %

Days on Market ………………… 44

Months of Inventory ………….. 2.71

Average Size 4 bedrooms, 3 ½ baths of 2,690 sq ft

Average $ per square foot……..   $ 194.23


For the 7 homes sold on the Northside of the City of Richmond

(Holton School District)

Average Sales Price in January $ 273,114

Median Price ……………….  $ 275,000

Sales Price/List Price Ratio ……. 96.5 %

Days on Market ………………… 56

Months of Inventory ………….  3.43

Average Size 4 bedrooms, 2 ½ baths of 1,867 sq ft

Average $ per square foot……..   $ 151.10


For the 23 homes sold on the Southside of the City of Richmond

(Zip 23225)

Average Sales Price in January $ 173,704

Median Price ………………… $ 134,425

Sales Price/List Price Ratio ……. 97.4 %

Days on Market ………………… 58

Months of Inventory ………….  4.08

Average Size 3 bedrooms, 2 ½ baths of 1,696 sq ft

Average $ per square foot……..   $ 97.46


For the 47 single family homes sold in West End of Henrico County

(Zips 23226, 23229, 23230, 23233, 23238)

Average Sales Price in January $ 294,326

Median Sales Price …………….  $ 260,000

Sales Price/List Price Ratio ……….  97.2 %

Days on Market ……………….    42

Months of Inventory ………….     3.55

Average Size 4 bedrooms 2.5 baths of 2,256 sq ft

Average $ per square foot ………. $ 130.99


For the 72 single family homes sold in Chesterfield

(Zips 23831, 23832, 23834, 23836, and 23838)

Average Sales Price for January $ 195,872

Median Sales Price ………….. $ 189,500

Sales Price/List Price Ratio ……..  98 %

Average Days on Market………… 65

Months of Inventory …………….. 7.18

Average Size 4 bedroom, 2.5 baths of 2,137 sq ft

Average $ per square foot ………..$ 90.86


For the 40 single family homes sold in Glen Allen

(Zips 23059 and 23060)

Average Sales Price for January $ 339,806

Median Sales Price…………… $ 301,468

Sales Price/List Price Ratio ………  99 %

Average Days on Market ………….  56

Months of Inventory ……………   5.1

Average Size 4 bedrooms, 2.5 baths of 2,794 sq ft

Average $ per square foot……… $ 123.50


For the 38 single family homes sold in Mechanicsville

(Zips 23111 and 23116)

Average Sales Price for January $ 280,908

Median Price …………………  $ 243,350

Sales Price/List Price Ratio ……… 96.7 %

Average Days on Market ………….  58

Months of Inventory ……………  7.34

Average Size 4 bedrooms, 2.5 baths 2,337 sq ft

Average $ per square foot ……….. $ 119.37


For 78 single family homes sold in Midlothian

(Zips 23112, 23113, and 23114)

Average Sales Price for January $ 304,703

Median Price ………………… $ 253,500

Sales Price List Price Ratio …….    98.4 %

Average Days on Market ………… 68

Months of Inventory …………….  4.4

Average Size 4 bedrooms, 2.5 baths of 2,627 sq ft

Average $ per square foot……….. $ 115.11

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