Sorry for my lack of posts lately. Been busy. Yeah, Brick, been busy playing golf, right? No, actually I went 32 striaght days with no golf and I am lucky to squeeze in one round a week now. Been working with lots of buyers. You have to show them more, but they will buy.

     The market is very stable presently. We still have way too much inventory, but the number of sales this month is almost the exact number as last month. Here’s the breakdown for various areas around town. As I have mentioned before, if you’d like a particular area covered on a monthly basis, just let me know.

For the 23 single family homes sold in

Fan & Museum District of the City of Richmond

(Fox and John B. Cary School Districts)

Average Sales Price in July    $ 355,589

Median Sales Price ……………  $ 334,000

Sales Price/List Price Ratio …….. 96.8 %

Days on Market …………………….. 47

Average Size 3 bedrooms 2.5 baths of 2,187 sq ft

Average $ per square foot ……….$ 162.59

 

For the 30 homes sold in West End of the City of Richmond

(Zips 23221, 23226 and 23230)

Average Sales Price in July    $ 397,671

Median Price ……………………. $ 295,000

Sales Price/List Price Ratio ……. 97.9 %

Days on Market ……………………. 47

Average Size 3 bedrooms, 2.5 baths of 2,018 sq ft

Average $ per square foot……..   $ 196.96

 

For the 103 single family homes sold in West End of Henrico County

(Zips 23226, 23229, 23233, 23238)

Average Sales Price in July    $ 357,480

Median Sales Price ……………  $ 275,000

Sales Price/List Price Ratio ……….  96.2 %

Days on Market …………………….    54

Average Size 4 bedrooms 2.5 baths of 2,268 sq ft

Average $ per square foot ………. $ 157.62

 

For the 129 single family homes sold in Chesterfield

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

Average Sales Price for July   $ 263,366

Median Sales Price ………….$ 238,000

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

Average Days on Market……………. 81

Average Size 4 bedroom, 2.5 baths of 2,202 square ft

Average $ per square foot ………..$ 119.60

 

For the 88 single family homes sold in Glen Allen

(Zips 23059 and 23060)

Average Sales Price for July     $ 368,415

Median Sales Price………………  $ 318,000

Sales Price/List Price Ratio ………  97.8 %

Average Days on Market ………….   73

Average Size 4 bedrooms, 2.5 baths of 2,549 sq ft

Average $ per square foot……… $ 144.53

 

For the 67 single family homes sold in Mechanicsville

(Zips 23111 and 23116)

Average Sales Price for July   $ 300,945

Median Price ……………………   $ 274,000

Sales Price/List Price Ratio ……… 97.3 %

Average Days on Market ………….. 74

Average Size 4 bedrooms, 2.5 baths 2,303 sq ft

Average $ per square foot ……….. $ 130.68

 

For 102 single family homes sold in Midlothian

(Zips 23112, 23113, and 23114)

Average Sales Price for July   $ 365,384

Median Price …………………….. $ 314,000

Sales Price List Price Ratio …….    97.1 %

Average Days on Market …………..  66

Average Size 4 bedrooms, 2.5 baths of 2,650 sq ft

Average $ per square foot……….. $ 137.88