July 20, 2014

Bank Owned Weekly for the Week of July 20, 2014

foreclosure 2

The King Lives !!! Last night, I ventured to the Beacon theatre in Downtown Hopewell to see Elvis in concert. That’s right. THE KING. Well, not exactly, it was Doug Church, the “True Voice of Elvis, who supposedly is one of the best impersonator of the Big E.  I have to admit his voice was good, his Elvis mannerisms were on target, but the music although good was way TOO LOUD. By the way, the renovation at the Beacon is great and restores a 1928 “picture palace” to its rightful place.

Here are the links for Bank Owned Weekly for July 20th 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 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.

July 14, 2014

Bank Owned Weekly for the Week of July 13, 2014

foreclosure 2

Have You Ever Been to Hanover’s Tomato Festival ? Well, I have now. Sure was a lot of hoopla for a vegetable, but they do taste great even at the prices they want for them at the event. Last night, there was a free concert at Wilton house museum, which I also took in. Nothing like a little swing music on a mild summer night! Always something to do in RVA during the summer.

Here are the links for Bank Owned Weekly for July 13th 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 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.

Real Estate Market Snapshot for June 2014

sold snapshot old

Once again June ’14 sales lagged June ’13 sales and continues the lackadaisical Real Market for 2014. I do not understand all the hoopla about how great the Real Estate Market is. The market is listless; and with the exception of a few areas (i.e.; both the county and city in the West End, Glen Allen and Midlothian) is hardly keeping its head above water. I contribute this false pretense of market activity to the low inventory number for houses on the market. The months of inventory number is extremely low in all areas, which causes the days on market to also be low as new listings are gobbled up as soon as they hit the market. I ONCE again repeat, “Where’s the Spring Market?”  I still believe there are storm clouds on the horizon, especially if we see upward mortgage rates. While quantitative easing might be good for Wall Street, it holds real danger for Main Street.

Here’s the Market Snapshot for June 2014:

For the 33 single family homes sold in
Fan & Museum District of the City of Richmond
(Fox and John B. Cary School Districts)
Average Sales Price in June $ 396,515
Median Sales Price …………..   $ 349,500
Sales Price/List Price Ratio …….. 98.0 %
Days on Market ………………… 20
Months of Inventory …………..  1.48
Average Size 3 bedrooms 2.5 baths of 2,205 sq ft
Average $ per square foot ………. $ 183.28

For the 44 homes sold in West End of the City of Richmond
(Zips 23221, 23226 and 23230)
Average Sales Price in June $ 453,631
Median Price …………………… $ 382,500
Sales Price/List Price Ratio ……. 98.3 %
Days on Market ………………… 12
Months of Inventory ………….. 1.50
Average Size 4 bedrooms, 2.5 baths of 2,318 sq ft
Average $ per square foot……..   $ 192.41

For the 18 homes sold on the Northside of the City of Richmond
(Holton School District)
Average Sales Price in June $ 269,111
Median Price ……………….  $ 265,000
Sales Price/List Price Ratio ……. 98.7 %
Days on Market ………………… 21
Months of Inventory ………….  2.66
Average Size 3 bedrooms, 2.5 baths of 1,820 sq ft
Average $ per square foot……..   $ 152.94

For the 63 homes sold on the Southside of the City of Richmond
(Zip 23225)
Average Sales Price in June $ 222,701
Median Price ……………….. $ 196,000
Sales Price/List Price Ratio ……. 97.8 %
Days on Market ………………… 33
Months of Inventory …………. 2.25
Average Size 3 bedrooms, 2.5 baths of 1,793 sq ft
Average $ per square foot……..   $ 119.32

For the 138 single family homes sold in West End of Henrico County
(Zips 23226, 23229, 23230, 23233, 23238)
Average Sales Price in June $ 382,222
Median Sales Price …………….  $ 320,850
Sales Price/List Price Ratio ……….  98.4 %
Days on Market ……………….    29
Months of Inventory ………….     1.88

Average Size 4 bedrooms 2.5 baths of 2,638 sq ft
Average $ per square foot ………. $ 143.13

For the 150 single family homes sold in Chesterfield
(Zips 23831, 23832, 23834, 23836, and 23838)
Average Sales Price for June $ 238,013
Median Sales Price ………….. $ 234,000
Sales Price/List Price Ratio …….. 98.5 %
Average Days on Market………… 60
Months of Inventory …………….. 3.99
Average Size 4 bedroom, 2.5 baths of 2,365 square ft
Average $ per square foot ………..$ 101.00

For the 85 single family homes sold in Glen Allen
(Zips 23059 and 23060)
Average Sales Price for June $ 351,710
Median Sales Price…………… $ 306,680
Sales Price/List Price Ratio ………  98.9 %
Average Days on Market ………….  38
Months of Inventory ……………  3.15

Average Size 4 bedrooms, 2.5 baths of 2,606 sq ft
Average $ per square foot……… $ 130.41

For the 93 single family homes sold in Mechanicsville
(Zips 23111 and 23116)
Average Sales Price for June $ 272,524
Median Price …………………  $ 265,000
Sales Price/List Price Ratio ……… 98.4 %
Average Days on Market …………. 45
Months of Inventory ……………  3.41
Average Size 4 bedrooms, 2.5 baths 2,378 sq ft
Average $ per square foot ……….. $ 115.70

For 130 single family homes sold in Midlothian
(Zips 23112, 23113, and 23114)
Average Sales Price for June $ 309,634
Median Price ………………… $ 271,500
Sales Price List Price Ratio …….    98.5 %
Average Days on Market ………… 40
Months of Inventory …………….  3.60

Average Size 4 bedrooms, 2.5 baths of 2,606 sq ft
Average $ per square foot……….. $ 116.74

 

July 8, 2014

Bank Owned Weekly for the Week of July 6, 2014

foreclosure 2     Did You Have a Good Fourth ? I sure did! First, we went to First Friday at VMFA and heard some Brazilian Jazz while we downed a few adult beverages. From there, we rode our bikes to Dogwood Dell for the patriotic music and fireworks. And the Richmond Howitzers didn’t disappoint with their accompanying cannon fire. I’m still a little deaf from it.

Here are the links for Bank Owned Weekly for July 6th 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 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.

I’ve got another new listing in the Centralia area. This is a 4 bedroom 2.5  bath Colonial with transitional flair is priced at $229,000. It has a 2 Car garage, sits in a cul de sac and has a great back yard. Visual tour at the link below:

http://www.visualtour.com/show.asp?t=3382317&prt=10003

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

June 29, 2014

Bank Owned Weekly for the Week of June 29, 2014

foreclosure 2Almost the Fourth of July ! Typically, the week around the 4th of July is a very slow time for Real Estate. I don’t expect any change for this year either, although I have several new listings which I’ll be highlighting throughout this coming week. So pay attention to your inbox.

Here are the links for Bank Owned Weekly for June 29th 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.

Group 2 of Townhouses and Condominiums for Western Chesterfield.

I’ve got a great new listing in Salisbury which is a total makeover of the first home built by Mike Dumont in this area. In fact, it was his personal residence. See what happens when a Dumont contemporary is updated to today’s luxury standards. Offered at $549,000. Visual tour at the link below:

http://www.visualtour.com/show.asp?T=3378098

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

June 22, 2014

Bank Owned Weekly for the Week of June 22, 2014

foreclosure 2Happy Summer Solstice ! Well, it’s all downhill from here. Yesterday was the longest day of the year. I love the daylight but never pay much attention to the length of the day until the Fall Equinox which propels us towards the Winter Solstice on December 21st which is the shortest day of the year. I truly hate those late November days with their ever increasing earlier sunsets. It seems it takes us forever to get through January and February.

Here are the links for Bank Owned Weekly for June 22nd 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.

Group 2 of Townhouses and Condominiums for Western Chesterfield.

I forgot last week to include my Market Snapshot for May ’14. As I have alluded before, we are experiencing a fairly lackluster real estate year. Here’s the link for May:

http://blog.bricksmith.com/richmond-real-estate-market-snapshot-for-may-2014/

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

June 15, 2014

Bank Owned Weekly June 15, 2014

foreclosure 2Happy Father’s Day ! Hope you’re having a great weekend. The weather has been about perfect. The US Open sure isn’t offering much, even though Pinehurst is a great venue.

Here are the links for Bank Owned Weekly for June 15th 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.

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.

June 10, 2014

Richmond Real Estate Market Snapshot for May 2014

sold snapshot old     Last month, I remarked that sales aren’t really so great for 2014. You would have thought I committed heresy. Everyone I speak with has bought the line that sales are just booming, when in fact they’re quite sluggish, During the first 5 months of 2013, the Richmond Metro area had almost 4,900 single family sales. So what the number for the same period in 2014? How about slightly greater than 4.200. I wouldn’t call this a boom. In fact, it is a bust. May 14 lacked May 13 by some 20 %. April 14 was 16 % shy of April 13.  Yes, there are many sales which are occurring within days of being on the market, but that can be attributed to a low inventory on the market. As the inventory level rises as it did in May, the inconsistencies of this market will become apparent. Days on Market increased in most areas due to increased inventories. I repeat the Spring Market continues to look unspectacular. Although mortgage rates remain relatively low, there seems to be very little consumer confidence. Sorry to be the bearer of bad news, but despite the heady highs of The Dow there are some storm clouds in the housing market.

Here’s the Market Snapshot for May 2014:

For the 30 single family homes sold in
Fan & Museum District of the City of Richmond
(Fox and John B. Cary School Districts)
Average Sales Price in May $ 409,577
Median Sales Price …………..   $ 326,100
Sales Price/List Price Ratio …….. 98.6 %
Days on Market ………………… 29
Months of Inventory …………..  4.40
Average Size 3 bedrooms 2.5 baths of 2,150 sq ft
Average $ per square foot ……….$ 192.50

For the 34 homes sold in West End of the City of Richmond
(Zips 23221, 23226 and 23230)
Average Sales Price in May $ 392,578
Median Price …………………… $ 319.975
Sales Price/List Price Ratio ……. 98.2 %
Days on Market ………………… 30
Months of Inventory ………….. 2.09
Average Size 4 bedrooms, 2 baths of 2,158 sq ft
Average $ per square foot……..   $ 179.14

For the 20 homes sold on the Northside of the City of Richmond
(Holton School District)
Average Sales Price in May $ 248,460
Median Price ……………….  $ 239,500
Sales Price/List Price Ratio ……. 97.4 %
Days on Market ………………… 21
Months of Inventory ………….  2.05
Average Size 3 bedrooms, 2 baths of 1,783 sq ft
Average $ per square foot……..   $ 141.40

For the 40 homes sold on the Southside of the City of Richmond
(Zip 23225)
Average Sales Price in May $ 194,997
Median Price ……………….. $ 182,250
Sales Price/List Price Ratio ……. 99.04 %
Days on Market ………………… 64
Months of Inventory ………….  3.71
Average Size 3 bedrooms, 2.5 baths of 1,830 sq ft
Average $ per square foot……..   $ 106.81

For the 124 single family homes sold in West End of Henrico County
(Zips 23226, 23229, 23230, 23233, 23238)
Average Sales Price in May $ 323,813
Median Sales Price …………….  $ 269,750
Sales Price/List Price Ratio ……….  98.7 %
Days on Market ……………….    36
Months of Inventory ………….     2.08

Average Size 4 bedrooms 2.5 baths of 2,298 sq ft
Average $ per square foot ………. $ 140.83

For the 120 single family homes sold in Chesterfield
(Zips 23831, 23832, 23834, 23836, and 23838)
Average Sales Price for May $ 227,762
Median Sales Price ………….. $ 214,900
Sales Price/List Price Ratio …….. 98.6 %
Average Days on Market………… 66
Months of Inventory …………….. 4.98
Average Size 4 bedroom, 2.5 baths of 2,302 square ft
Average $ per square foot ………..$ 98.93

For the 74 single family homes sold in Glen Allen
(Zips 23059 and 23060)
Average Sales Price for May $ 349,402
Median Sales Price…………… $ 284,335
Sales Price/List Price Ratio ………  99 %
Average Days on Market ………….  30
Months of Inventory ……………  3.5

Average Size 4 bedrooms, 2.5 baths of 2,595 sq ft
Average $ per square foot……… $ 133.05

For the 81 single family homes sold in Mechanicsville
(Zips 23111 and 23116)
Average Sales Price for May $ 253,255
Median Price …………………  $ 240,000
Sales Price/List Price Ratio ……… 98.1 %
Average Days on Market ………….  51
Months of Inventory ……………  3.85
Average Size 4 bedrooms, 2.5 baths 2,181 sq ft
Average $ per square foot ……….. $ 116.58

For 130 single family homes sold in Midlothian
(Zips 23112, 23113, and 23114)
Average Sales Price for May $ 283,739
Median Price ………………… $ 257,000
Sales Price List Price Ratio …….    98.5 %
Average Days on Market ………… 50
Months of Inventory …………….  3.52

Average Size 4 bedrooms, 2.5 baths of 2,425 sq ft
Average $ per square foot……….. $ 114.95

May 19, 2014

Bank Owned Weekly – For Week of May 18, 2014

foreclosure 2

On the Ball This Morning ! Can you believe it? Bank Owned Weekly published on time. It is a pretty short list. The good values still remain in the HUDs. The bad new there is investors can’t bid for 15 days so owner occupants are gobbling these up and many times with bids above the list price.

Here are the links for Bank Owned Weekly for May 18th 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.

Group 2 of Townhouses and Condominiums for Western Chesterfield.

If you’re out and about this afternoon, come see me at my Open House at 2816 Oakland Ave from 1 – 3 p.m. It is a darling brick ranch priced at just $167,500 and is in close proximity to Bryan Park. Here’s link to a Visual Tour:

http://www.visualtour.com/show.asp?t=3327827&prt=10003

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

May 15, 2014

Open House Sunday 5/18 1 – 3 p.m. 2816 Oakland Avenue

IMGP6470 IMGP6473IMGP6480

Open this Sunday, 5/18 from 1 – 3 p.m. Darling brick ranch near Bryan Park. Steal at $167,500.

Take the Visual Tour. See you Sunday.

http://www.visualtour.com/show.asp?t=3327827&prt=10003 

 

« Previous entries Next Page » Next Page »