I have just begun to look at February’s numbers and while total sales were pretty dismal; there are some bright spots out there. Yeah, I know you all think I am the supreme optimist, but there are some encouraging patterns currently in the market. I have decided not to renew my subscription to Realty Times (I thought my market reporting was worth more to them, than their cost was to me. Realty Times didn’t agree, so they lost their longest reporting agent in Richmond - 6 years.), which means my market condition reports will only be found here in my blog. By mid week, I will post my market condition report and record a video verision as well, which I will post on my YouTube channel, VaBrickHouse. Here are February’s stats:
For the 14 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 $ 666,865
Median Sales Price …………… $ 480,000
Sales Price/List Price Ratio …….. 95.1 %
Days on Market …………………….. 69
Average Size 4 bedrooms 3.5 baths of 2,895 sq ft
Average $ per square foot ……….$ 230.35
(February numbers are skewed due to 2 million dollar plus sales in this month.)
For the 14 homes sold in West End of the City of Richmond
(Zips 23221, 23226 and 23230)
Average Sales Price in February $ 409,732
Median Price ……………………. $ 303,250
Sales Price/List Price Ratio ……. 97.7 %
Days on Market ……………………. 53
Average Size 4 bedrooms, 2.5 baths of 2,231 sq ft
Average $ per square foot…….. $ 183.65
For the 62 single family homes sold in West End of Henrico County
(Zips 23226, 23229, 23233, 23238)
Average Sales Price in February $ 322,880
Median Sales Price ……………… $ 263,000
Sales Price/List Price Ratio ………. 98.6 %
Days on Market ……………………. 53
Average Size 4 bedrooms 2.5 baths of 2,113 sq ft
Average $ per square foot ………. $ 152.81
For the 75 single family homes sold in Chesterfield
(Zips 23831, 23832, 23834, 23836, and 23838)
Average Sales Price for February $256,737
Median Sales Price ………….. $239,000
Sales Price/List Price Ratio …….. 96.5 %
Average Days on Market……………. 81
Average Size 4 bedroom, 2.5 baths of 2,150 square ft
Average $ per square foot ………..$ 119.41
For the 48 single family homes sold in Glen Allen
(Zips 23059 and 23060)
Average Sales Price for February $426,991
Median Sales Price……………… $359,000
Sales Price/List Price Ratio ……… 98.3 %
Average Days on Market …………. 52
Average Size 4 bedrooms, 3.5 baths of 2,786 sq ft
Average $ per square foot……… $ 153.26
For the 46 single family homes sold in Mechanicsville
(Zips 23111 and 23116)
Average Sales Price for February $ 284,462
Median Price …………………… $ 260,000
Sales Price/List Price Ratio ……… 97.2 %
Average Days on Market ………….. 64
Average Size 4 bedrooms, 2.5 baths 2,223 sq ft
Average $ per square foot ……….. $ 132.12
For 90 single family homes sold in Midlothian
(Zips 23112, 23113, and 23114)
Average Sales Price for February $ 309,778
Median Price …………………….. $ 263,500
Sales Price List Price Ratio ……. 97.1 %
Average Days on Market ………….. 82
Average Size 4 bedrooms, 2.5 baths of 2,398 sq ft
Average $ per square foot……….. $ 129.18