Brick’s Blog

I’ve got a great upscale pick this week. As I have told you many times there is no area or price range that is exempted from foreclosure.

I am very disappointed in all of you. There was no winner in the Hollywood Guest Quiz last week. The answer was James Dean as Jett Rink in Giant. See if you can do better this week. Again, short of giving you the answer, there is not much more I can do. Remember I need the actor, the

role, and the movie to win the Starbucks gift certificate.

If you’re interested in receiving Bank Owned Weekly, then click on the appropriate link – West End, Glen Allen, or Midlothian. When you sign up for Bank Owned Weekly, you will also receive Foreclosure Friday Flash delivered to your inbox every Friday.

I have been having some back problems so my mobility is off some, but if you want to see anything just call me, 804.301.7598. I’ll make arrangements for you to see it.

I’d Like to Be Texas Rich, How About You? Every now and again I get just plain tricked. My pick this week was something I thought would sell within days of hitting the market. Well, it didn’t and now it’s a real STEAL. 

 Last week in name the Hollywood Guest Quiz, the answer was Edward G. Robinson as Johnny Rocco in Key Largo. There was no winner despite all the clues I gave you. See if you can do better this week. Again, short of giving you the answer, there is not much more I can do. Remember I need the actor, the role, and the movie to win the Starbucks gift certificate.

If you’re interested in receiving Bank Owned Weekly, then click on the appropriate link – West End, Glen Allen, or Midlothian. When you sign up for Bank Owned Weekly, you will also receive Foreclosure Friday Flash delivered to your inbox every Friday.

Sunday, October 24^th from 1 p.m. to 4 p.m., I’ll be Holding an OPEN HOUSE at 7700 Drexelbrook Road. This is a flip property by Xtreme Makeover Homes. Com’ on over to Chesterfield and check it out. There is a map to the property in this Visual Tour.

     My apologies once again this month. I have had these stats done for several days, but just couldn’t find the time to write this observation. The market continues to limp along despite incredible interest rates and an abundance of inventory. It looks like the so-called Foreclosure Moratorium will be short lived, which is great. No matter how you slice it, if you’re behind/have quit paying your mortgage than you’re delinquent. No attorney can change that fact by creating a smoke screen over the handling of the foreclosure documents. Anyway, here’s the snapshot for September:

For the 9 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 $ 387,151
Median Sales Price …………..   $ 307,500
Sales Price/List Price Ratio …….. 96 %
Days on Market ………………… 29
Months of Inventory …………..  14.4
Average Size 3 bedrooms 2.5 baths of 2,208 sq ft
Average $ per square foot ……….$ 175.21

For the 13 homes sold in West End of the City of Richmond
(Zips 23221, 23226 and 23230)
Average Sales Price in September  $ 411,626
Median Price …………………$ 324,950
Sales Price/List Price Ratio ……. 97 %
Days on Market ………………… 63
Months of Inventory ………….. 10.5
Average Size 3 bedrooms, 2.5 baths of  2,463 sq ft
Average $ per square foot……..   $ 162.46
 
For the 2 homes sold on the Northside of the City of Richmond
(Holton School District)
Average Sales Price in September $ 122,500
Median Price ……………….  $ 122,500
Sales Price/List Price Ratio ……. 97 %
Days on Market ………………… 142
Months of Inventory ………….  37
Average Size 3 bedrooms, 1.5 baths of 1,244 sq ft
Average $ per square foot……..   $ 96.51
 
For the 22 homes sold on the Southside of the City of Richmond
(Zip 23225)
Average Sales Price in September $ 151,420
Median Price ……………….. $ 122,000
Sales Price/List Price Ratio ……. 93 %
Days on Market ………………… 71
Months of Inventory ………….  9.0
Average Size 3 bedrooms, 2.5 baths of 1,638 sq ft
Average $ per square foot……..   $ 89.80

For the 50 single family homes sold in West End of Henrico County
(Zips 23226, 23229, 23230, 23233, 23238)
Average Sales Price in September $ 331,313
Median Sales Price …………  $ 263,650
Sales Price/List Price Ratio ……….  96 %
Days on Market ……………….    76
Months of Inventory ………….     9.4
Average Size 4 bedrooms 2.5 baths of 2,571 sq ft
Average $ per square foot ………. $ 125.14
 
For the 83 single family homes sold in Chesterfield
(Zips 23831, 23832, 23834, 23836, and 23838)
Average Sales Price for September $ 250,414
Median Sales Price ………….. $ 227,000
Sales Price/List Price Ratio ……..  96 %
Average Days on Market………… 80
Months of Inventory ……………..  11.4
Average Size 4 bedroom, 2.5 baths of 2,527 square ft
Average $ per square foot ………..$ 100.02

For the 37 single family homes sold in Glen Allen
(Zips 23059 and 23060)
Average Sales Price for September $ 325,380
Median Sales Price…………… $ 289,000
Sales Price/List Price Ratio ………  97 %
Average Days on Market ………….  86
Months of Inventory ……………   10.6
Average Size 4 bedrooms, 2.5 baths of 2,727 sq ft
Average $ per square foot……… $ 117.26
 
For the 34 single family homes sold in Mechanicsville
(Zips 23111 and 23116)
Average Sales Price for September $ 243,465
Median Price …………………  $ 247,500
Sales Price/List Price Ratio ……… 96 %
Average Days on Market ………….  91
Months of Inventory ……………  14.0
Average Size 4 bedrooms, 2.5 baths 2,093 sq ft
Average $ per square foot ……….. $ 117.28
 
For 70 single family homes sold in Midlothian
(Zips 23112, 23113, and 23114)
Average Sales Price for September $ 315,661
Median Price ………………… $ 278,475
Sales Price List Price Ratio …….    98 %
Average Days on Market ………… 70
Months of Inventory …………….  10.5
Average Size 4 bedrooms, 2.5 baths of 2,819 sq ft
Average $ per square foot……….. $ 112.09

You Know How to Whistle, Don’t You? I’ve got a great UPSCALE pick this week, so let’s get right to it.

Last week in name the Hollywood Guest Quiz, the answer was Gary Cooper as Sgt. Alvin York in Sgt York. Again, I have given you MUCHO clues so I am expecting multiple answers on our contest this week. Remember I need the actor, the role, and the movie to win the Starbucks gift certificate.

If you’re interested in receiving Bank Owned Weekly, then click on the appropriate link – West End, Glen Allen, or Midlothian. When you sign up for Bank Owned Weekly, you will also receive Foreclosure Friday Flash delivered to your inbox every Friday.

And the Foreclosure Moratorium? Tempest in a Teapot. Really think we’ll have this thing resolved in 60 days, especially in Virginia which is a non judicial state for foreclosures. 

Gobble, Gobble, Gobble. Back in town after several weeks out in the sticks, so I hope you like my pick this week.

I can’t give you many more clues for my Hollywood Quiz this week. I thought it was fitting since another Medal of Honor was awarded posthumously this week to one of our many brave members of the Armed Services. Remember I need the actor, the role, and the movie to win the Starbucks gift certificate.

If you’re interested in receiving Bank Owned Weekly, then click on the appropriate link – West End, Glen Allen, or Midlothian. When you sign up for Bank Owned Weekly, you will also receive Foreclosure Friday Flash delivered to your inbox every Friday.

We’re in the last quarter of the year. Remember what I have been saying for some time now. The BEST deals of the YEAR will be had in the 4^th Quarter. Let’s go find yours. 

Built Your Ark Yet? I’ve got another rural selection this week. I promise to return to the ‘burbs next week. I hadn’t done an expensive home in awhile, so enjoy this week’s pick.

 My Hollywood Quiz this week is pretty “dry”; get it? After the all the rain we’ve had this week, I thought you could use a more arid location. Remember I need the actor, the role, and the movie to win the Starbucks gift certificate.

If you’re interested in receiving Bank Owned Weekly, then click on the appropriate link – West End, Glen Allen, or Midlothian. When you sign up for Bank Owned Weekly, you will also receive Foreclosure Friday Flash delivered to your inbox every Friday.

We’re in the last quarter of the year. Remember what I have been saying for some time now. The BEST deals of the YEAR will be had in the 4^th Quarter. Let’s go find yours.