Brick’s Blog

So, any good news out there? Some….like the dollar square foot cost on homes remained very stable. The days on market was likewise very stable. Now for the bad news….less sales and sales at a lower average sales price and median price. Here are the stats for September 2008.

For the 20 single family homes sold in

Fan & Museum District of the City of Richmond

(Fox and John B. Cary School Districts)

Average Sales Price in September $ 387,058

Median Sales Price ……………   $ 338,000

Sales Price/List Price Ratio …….. 95.2 %

Days on Market …………………….. 49

Average Size 3 bedrooms 2.5 baths of 2,037 sq ft

Average $ per square foot ……….$ 190.01

 

For the 16 homes sold in West End of the City of Richmond

(Zips 23221, 23226 and 23230)

Average Sales Price in September  $ 400,440

Median Price ………………………  $ 337,250

Sales Price/List Price Ratio ……. 96.3 %

Days on Market ……………………. 69

Average Size 3 bedrooms, 2.5 baths of 2,356 sq ft

Average $ per square foot……..   $ 194.39

 

For the 61 single family homes sold in West End of Henrico County

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

Average Sales Price in September $ 340,738

Median Sales Price ……………    $ 280,000

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

Days on Market …………………….    69

Average Size 4 bedrooms 2.5 baths of 2,356 sq ft

Average $ per square foot ………. $ 144.63

 

For the 84 single family homes sold in Chesterfield

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

Average Sales Price for September $ 246,499

Median Sales Price …………… $ 219,000

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

Average Days on Market……………. 76

Average Size 4 bedroom, 2.5 baths of 2,053 square ft

Average $ per square foot ………..$ 120.07

 

For the 54 single family homes sold in Glen Allen

(Zips 23059 and 23060)

Average Sales Price for September $ 333,892

Median Sales Price………………  $ 293,000

Sales Price/List Price Ratio ………  96.6 %

Average Days on Market ………….  72

Average Size 4 bedrooms, 2.5 baths of 2,415 sq ft

Average $ per square foot……… $ 138.26

 

For the 50 single family homes sold in Mechanicsville

(Zips 23111 and 23116)

Average Sales Price for September $ 255,895

Median Price ……………………     $ 227,500

Sales Price/List Price Ratio ……… 98.2 %

Average Days on Market ………….. 64

Average Size 4 bedrooms, 2.5 baths 1,974 sq ft

Average $ per square foot ……….. $ 129.63

 

For 109 single family homes sold in Midlothian

(Zips 23112, 23113, and 23114)

Average Sales Price for September $ 309,000

Median Price ……………………..   $ 267,000

Sales Price List Price Ratio …….    97.3 %

Average Days on Market …………..  68

Average Size 4 bedrooms, 2.5 baths of 2,452 sq ft

Average $ per square foot……….. $ 126.02

 

     Starting tomorrow, Sunday, October 5th, the Fifty Seventh Parade of Homes kicks off its giant Open House schedule. In addition to tomorrow, both Saturday and Sunday for the next 2 weekends will offer over 130 entries open to the public. Circulars will be in tomorrow’s Richmond Times- Dispatch  and can be picked up now at grocery stores and convenience markets. Come out and see exactly what is new in homebuilding.

     Why not stop by and see me? I am at Avington, which is just north of Broad Street on Pouncey Tract.