December 15, 2014

Bank Owned Weekly for the Week of December 14, 2014

foreclosure 2  Missed Me? I know I haven’t published Bank Owned Weekly for two weeks now, but I have a pretty good reason for it. See, I went on a long overdue vacation the day after Thanksgiving and didn’t return until December 8th. Besides I don’t think you missed much since overall inventory remains quite low.

Here are the links for Bank Owned Weekly for December 14th 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 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.

Group 2 of Townhouses and Condominiums for Western Chesterfield.

I published November Real Estate Market Snapshot earlier the week. Here’s a link to it:

http://blog.bricksmith.com/metro-richmond-real-estate-snapshot-for-november-2014/

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

December 10, 2014

Metro Richmond Real Estate Snapshot for November 2014

sold snapshot old    Well, our run of good luck ended in November. Number of units sold for the month declined some 8 % when compared with November ’13. Overall, 2014 is running behind 2013 by approximately 7 %; and it looks like that’s how the year will end. Standing inventory levels declined again in November which is creating a competitive frenzy among buyers as sellers are receiving multiple offers. Months of Inventory registered lows for the year in all submarkets in the area. Sales Price/List Price ratio show ever little discounting in the market. Mortgage rates remain low, but at some point will have to increase.

Here’s the Market Snapshot for November 2014:

For the 25 single family homes sold in Fan & Museum District of the City of Richmond

(Fox and John B. Cary School Districts)

Average Sales Price in November $ 534,952

Median Sales Price …………..   $ 410.000

Sales Price/List Price Ratio …….. 96 %

Days on Market ………………… 28

Months of Inventory …………..  1.56

Average Size 4 bedrooms 2.5 baths of 2,678 sq ft

Average $ per square foot ……….$ 190.44


For the 36 homes sold in West End of the City of Richmond

(Zips 23221, 23226 and 23230)

Average Sales Price in November $ 478,905

Median Price …………………… $ 350,050

Sales Price/List Price Ratio ……. 97.2 %

Days on Market ………………… 80

Months of Inventory ………….. 1.14

Average Size 4 bedrooms, 2 ½ baths of 2,3672 sq ft

Average $ per square foot……..   $ 195.91


For the 12 homes sold on the Northside of the City of Richmond

(Holton School District)

Average Sales Price in November $ 267,471

Median Price ……………….  $ 253,950

Sales Price/List Price Ratio ……. 96.8 %

Days on Market ………………… 53

Months of Inventory ………….  2.50

Average Size 4 bedrooms, 2 ½ baths of 1,838 sq ft

Average $ per square foot……..   $ 147.72


For the 24 homes sold on the Southside of the City of Richmond

(Zip 23225)

Average Sales Price in November $ 164,614

Median Price ……………….. $ 150,750

Sales Price/List Price Ratio ……. 98.7 %

Days on Market ………………… 47

Months of Inventory ………….  4.8

Average Size 3 bedrooms, 1 ½ baths of 1,509 sq ft

Average $ per square foot……..   $ 105.95


For the 57 single family homes sold in West End of Henrico County

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

Average Sales Price in November $ 314,197

Median Sales Price …………….  $ 245,000

Sales Price/List Price Ratio ……….  98.2 %

Days on Market ……………….    45

Months of Inventory ………….     3.49

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

Average $ per square foot ………. $ 137.91


For the 87 single family homes sold in Chesterfield

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

Average Sales Price for November $ 216,513

Median Sales Price ………….. $ 205,700

Sales Price/List Price Ratio ……..  98.4 %

Average Days on Market………… 65

Months of Inventory …………….. 6.7

Average Size 4 bedroom, 2.5 baths of 2,095 sq ft

Average $ per square foot ………..$ 102.44


For the 66 single family homes sold in Glen Allen

(Zips 23059 and 23060)

Average Sales Price for November $ 340,828

Median Sales Price…………… $ 279,650

Sales Price/List Price Ratio ………  99 %

Average Days on Market ………….  58

Months of Inventory ……………   3.73

Average Size 4 bedrooms, 2.5 baths of 2,596 sq ft

Average $ per square foot……… $ 130.73


For the 55 single family homes sold in Mechanicsville

(Zips 23111 and 23116)

Average Sales Price for November $ 255,428

Median Price …………………  $ 234,000

Sales Price/List Price Ratio ……… 98.7 %

Average Days on Market ………….  76

Months of Inventory ……………  5.6

Average Size 4 bedrooms, 2.5 baths 2,141 sq ft

Average $ per square foot ……….. $ 118.46


For 91 single family homes sold in Midlothian

(Zips 23112, 23113, and 23114)

Average Sales Price for February $ 284,773

Median Price ………………… $ 245,000

Sales Price List Price Ratio …….    98.6 %

Average Days on Market ………… 48

Months of Inventory …………….  4.6

Average Size 4 bedrooms, 2.5 baths of 2,343 sq ft

Average $ per square foot……….. $ 118.15


 

November 24, 2014

Bank Owned Weekly for the Week of Novenber 23, 2014

foreclosure 2     Ready for Turkey Day? Well, you better be since it will be Thursday! And it looks like we’ll have some good weather. Hooray!! I really hate this time of year except for College football. Cavalosers beat Miami yesterday, while the Hokies fell to Wake. Hard to believe Ohio State’s one loss is to the Hokies. ‘Losers and Hokies meet next Friday to prove who is the most pathetic. Oh yeah, the Irish made it three in a row. Losses that is!

Here are the links for Bank Owned Weekly for November 23rd 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.

Group 2 of Townhouses and Condominiums for Western Chesterfield.

In case you missed the October Real Estate Market Snapshot, here it’s again:

http://blog.bricksmith.com/metro-richmond-real-estate-snapshot-for-october-2014/ 

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

 

November 17, 2014

Bank Owned Weekly for the Week of November 16, 2014

foreclosure 2    Yeah, But I Have Got a Good Excuse! I know it’s Monday and I normally get Bank Owned Weekly out on Sunday, but Saturday I took off for Virginia Beach. Nothing like the beach when the weather’s cold and the winds are brisk. Unfortunately, the hotel I chose had lousy internet service, which made it impossible to maintain a connection. Something had to give, and since I knew you would forgive me; Bank Owned Weekly was the winner. Speaking of winners, how about the ‘Noles and the Tide. And oh gosh, the Irish lost again!!

Here are the links for Bank Owned Weekly for November 16th 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.

Group 2 of Townhouses and Condominiums for Western Chesterfield.

I published the October Real Estate Market Snapshot last week. Here’s the link:

http://blog.bricksmith.com/metro-richmond-real-estate-snapshot-for-october-2014/

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

November 13, 2014

Metro Richmond Real Estate Snapshot for October 2014

sold snapshot old    Shazam!!! Sur-prise, sur-prise, sur-prise. Or so would say Gomer Pyle. It is now THREE consecutive good months! October ’14 exceeded October ’13 number of sales by over 13 % narrowing 2014 versus 2013 to a deficient of less 7 % in total units sold. I don’t think there is any chance that 2014 equals the units sold in 2013, but when we were lagging last year numbers by nearly 15% halfway through the year; it is a welcome surprise. All areas but 2 have Months of Inventory of less than 5 months, with those 2 exceeding 5 only have a mid 5 range. All other areas have absorption rates of less than 3 months. Discounting (Sales Price/List Price) again didn’t exceed 3 % in any areas with most in the 1 -2 % range. Currently, I feel pretty good with how the market has continued to plug along; and with the pending changes in Washington, maybe 2015 will be a good year. Yeah I know, you’re not used to hearing such optimism from me. I must be having a weak moment!

Here’s the Market Snapshot for October 2014:

For the 29 single family homes sold in Fan & Museum District of the City of Richmond

(Fox and John B. Cary School Districts) Average Sales Price in October $ 356,048

Median Sales Price …………..   $ 335,000

Sales Price/List Price Ratio …….. 98.2 %

Days on Market ………………… 22

Months of Inventory …………..  1.62

Average Size 3 bedrooms 2.5 baths of 1,857 sq ft

Average $ per square foot ……….$ 179.12


For the 25 homes sold in West End of the City of Richmond

(Zips 23221, 23226 and 23230)

Average Sales Price in October $ 381,308

Median Price …………………… $ 340,000

Sales Price/List Price Ratio ……. 99.0 %

Days on Market ………………… 36

Months of Inventory ………….. 1.96

Average Size 4 bedrooms, 2 ½ baths of 1,995 sq ft

Average $ per square foot……..   $ 189.48


For the 10 homes sold on the Northside of the City of Richmond

(Holton School District)

Average Sales Price in October $ 225,900

Median Price ……………….  $ 194,000

Sales Price/List Price Ratio ……. 97.2 %

Days on Market ………………… 55

Months of Inventory ………….  3.7

Average Size 3 bedrooms, 1.5 baths of 1,701 sq ft

Average $ per square foot……..   $ 132.01


For the 10 homes sold on the Northside of the City of Richmond

(Holton School District)

Average Sales Price in October $ 225,900

Median Price ……………….  $ 194,000

Sales Price/List Price Ratio ……. 97.2 %

Days on Market ………………… 55

Months of Inventory ………….  3.7

Average Size 3 bedrooms, 1.5 baths of 1,701 sq ft

Average $ per square foot……..   $ 132.01


For the 83 single family homes sold in West End of Henrico County

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

Average Sales Price in October $ 299,124

Median Sales Price …………….  $ 259,000

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

Days on Market ……………….    47

Months of Inventory ………….     2.86

Average Size 4 bedrooms 2.5 baths of 2,235 sq ft

Average $ per square foot ………. $ 135.23


For the 104 single family homes sold in Chesterfield

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

Average Sales Price for October $ 238,178

Median Sales Price ………….. $ 224,500

Sales Price/List Price Ratio …….. 99.0 %

Average Days on Market………… 69

Months of Inventory …………….. 5.49

Average Size 4 bedroom, 2.5 baths of 2,303 sq ft

Average $ per square foot ………..$ 103.40


For the 67 single family homes sold in Glen Allen

(Zips 23059 and 23060)

Average Sales Price for October $ 343,724

Median Sales Price…………… $ 298,000

Sales Price/List Price Ratio ………  98.8 %

Average Days on Market ………….  61

Months of Inventory ……………  3.70

Average Size 4 bedrooms, 2.5 baths of 2,474 sq ft

Average $ per square foot……… $ 137.62


For the 59 single family homes sold in Mechanicsville

(Zips 23111 and 23116)

Average Sales Price for October $ 253,260

Median Price …………………  $ 225,000

Sales Price/List Price Ratio ……… 98.4 %

Average Days on Market ………….  45

Months of Inventory ……………  5.43

Average Size 4 bedrooms, 2.5 baths 2,281 sq ft

Average $ per square foot ……….. $ 112.07


For 123 single family homes sold in Midlothian

(Zips 23112, 23113, and 23114)

Average Sales Price for October $ 299,381

Median Price ………………… $ 272,000

Sales Price List Price Ratio …….    98.7 %

Average Days on Market ………… 50

Months of Inventory …………….  3.69

Average Size 4 bedrooms, 2.5 baths of 2,547 sq ft

Average $ per square foot……….. $ 114.81

November 9, 2014

Bank Owned Weekly for the Week of November 9, 2014

foreclosure 2   Some Election, Wasn’t It? Did you expect Gillespie to fare as well as he did? Too bad the Cavalosers didn’t fare as well. And can you believe the Hokies beat Ohio State to start the season? Oh, I can’t tell you how sorry I am the Irish lost big. NOT!

Here are the links for Bank Owned Weekly for November 9th 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.

 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.

November 3, 2014

Bank Owned Weekly for the Week of November 2, 2014

foreclosure 2   Not Ready for the Cold Weather Yet! Dreary Saturday, wasn’t it? But not as dreary as that college football was. Cavalosers, Hokies, Gamecocks, and even the ECU Pirates all lost, but those bad boys of FSU keep on winning.

Here are the links for Bank Owned Weekly for November 2nd 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.

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.

October 27, 2014

Bank Owned Weekly for the Week of October 26, 2014

foreclosure 2      Busy Weekend Here!!! Kinda explains why I am late with Bank Owned Weekly. Saturday, we made the Skyline trip. Drove up to Elkton and got on at Swift Run Gap and then headed South to Rockfish Gap on Afton Mountain. Probably about a week early so the foliage wasn’t its brightness, but it was still pretty. Took a tour of James Dooley’s Swannanoa, while on Afton. Sad the shape it is in. Then tried to do a tasting at Veritas Vineyard, but the lines were way too long, so we proceeded East to Crozet and stopped at Starr Hill Brewery for a quick flight. And don’t ask me about the Cavalosers!

Here are the links for Bank Owned Weekly for October 26th 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.

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.

October 20, 2014

Bank Owned Weekly for the Week of October 19, 2014

foreclosure 2     Yeah, I Know I’m Late, But I’ve Got a Good Excuse! See last week I finally broke down and got an iPhone. Now before you accuse me of getting an i-6, I want you to know it was a FREE i-5. I even had no problem setting up my email on it either, except I didn’t notice I wasn’t getting all of my emails until Saturday. See Saturday is my day to create the links I send out on Sunday for Bank Owned Weekly. Only problem was the links I was sending to myself I wasn’t receiving. Being a smart guy and now with a SMART phone, I just assumed it was a problem with the email in the Matrix system; and since the Richmond Association of Realtors is closed on weekends, there was nothing I could do until Monday. So I called RAR this morning convinced that the system had a problem. When RAR suggested I check my Spam folder I just guffawed. Oh, no, there’s no way that could be the problem. I have used Outlook for my email for years and it knows exactly what I consider spam. Guess what, somebody didn’t tell Apple, specifically me.

We went to the Forbidden City exhibition on Saturday at VMFA. You should see it. Glad FSU beat the Irish. And how about Peyton!

Here are the links for Bank Owned Weekly for October 19th 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.

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.

October 12, 2014

Bank Owned Weekly for the Week of October 12, 2014

foreclosure 2     Do Anything Fun This Weekend? My weekend was kind of blah – just like the weather. We did have a couple of invites which were nice affairs, but all and all it was pretty uneventful weekend. College football was of no interest with the Cavalosers, Hokies, and Cocks all having byes, but I think a team with Mississippi in the name will be # 1. Oh, did you see the Heels gave the Irish a real fight? I think ND is ranked way too high!

Here are the links for Bank Owned Weekly for October 12th 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 1 of Townhouses and Condominiums for Western Chesterfield.

Group 2 of Townhouses and Condominiums for Western Chesterfield.

And here’s a link to my Metro Richmond Real Estate Market Snapshot for September 2014:

http://blog.bricksmith.com/metro-richmond-real-estate-snapshot-for-september-2014/

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

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