Brick’s Blog

Good Morning! Here are the Bank Owned Weekly lists for the week of February 27, 2011.  Week after week I strive to bring you the most accurate information possible for what is currently available in Bank Owned inventory. I hope if you find this information of value, you will recommend it to your friends. They can sign up at the appropriate link below.  

To receive Bank Owned Weekly for the West End of Richmond, click here.

To receive Bank Owned Weekly for Glen Allen, click here.

To receive Bank Owned Weekly for Western Chesterfield, click here.

Here are the links for Bank Owned Weekly for February 27, 2011. 

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 am pleased to announce that I am debuting my Real Estate Investor Seminar on Thursday, March 10^th at 7 p.m. Please click the link above for more information and to register. My monthly Renovation Finance Workshop is the preceding night, Wednesday, March 9^th also at 7 p.m. You can register for this workshop at the link above.

I’ve never had as many correct answers on my Hollywood Guest contest as I did last week. Seems everyone knew it was Tom Cruise as Cole Trickle in Days of Thunder. This week is pretty easy for you old folks!

My next RENOVATION FINANCE WORKSHOP will be Wednesday, March 9, 2011 at 7 p.m. The next night, March 10, I will debut my REAL ESTATE INVESTING SEMINAR also at 7 p.m. I am very excited about this seminar since I feel we have assembled a top notch team. You can register for either of these events at the links above.

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.

Call me, 804.301.7598, if you want to see anything.

Good Morning! Here are the Bank Owned Weekly lists for the week of February 20, 2011.  The market is very hot at present. Why? Maybe increased consumer confidence. Fear rates will rise. Whatever the reason I am glad to see it. If you know of anyone who might benefit from receiving Bank Owned Weekly, please encourage them to sign up at the appropriate link below. 

To receive Bank Owned Weekly for the West End of Richmond, click here.

To receive Bank Owned Weekly for Glen Allen, click here.

To receive Bank Owned Weekly for Western Chesterfield, click here.

Here are the links for Bank Owned Weekly for February 20th. 

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.

The REO market is just full of great “Buy and Hold” rental properties currently. Please call me, 804.301.7598, and I’ll cue you in on them. Don’t forget that my Renovation Finance Workshop  is coming up on Wednesday, March 10^th at 7 p.m. and I will be debutting Real Estate Investing Seminar on March 10^th  at 7 p.m., too.  You can register by clicking on the appropriate link above.

So you didn’t recognize Michael Keaton as Hunt Stevenson in Ron “Opie” Howard’s Gung Ho? It’s a cute movie and gives a pretty decent explanation of why Detroit is the ghost town it is these days. I can’t imagine you having any problems identifying
this week’s guest.

My next RENOVATION FINANCE WORKSHOP will be Wednesday, March 9, 2011 at 7 p.m. The next night, March 10, I will debut my REAL ESTATE INVESTING SEMINAR also at 7 p.m. You can register at the links above.

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.

Call me, 804.301.7598, if you want to see anything.

         Last month I thought December’s numbers looked like we were bottoming out, but I wasn’t sure since I thought they just might be a case of some end of the year finagling. Now that I get a look at January’s number plus the comments I am hearing from agents throughout the Richmond area; and maybe, you’ll begin to make me into a believer. I still want to see a few more months of consistent performance, but possibly we are at the bottom of this market. Units sold for January was impressive. As was the units put under contract for this time of year. The buyers are definitely out there; and instead of just shopping, they are pulling the trigger. Inventory levels were up ever so slightly. We’re at a very manageable inventory level presently. Again, time will tell as we progress into 2011.

Here’s the Market Snapshot for January 2011:

For the 17 single family homes sold in
Fan & Museum District of the City of Richmond
(Fox and John B. Cary School Districts)
Average Sales Price in January $ 299,114
Median Sales Price …………..   $ 289,500
Sales Price/List Price Ratio …….. 96 %
Days on Market ………………… 55
Months of Inventory …………..  5.5
Average Size 3 bedrooms 2.5 baths of 2,209 sq ft
Average $ per square foot ……….$ 139.13

For the 11 homes sold in West End of the City of Richmond
(Zips 23221, 23226 and 23230)
Average Sales Price in January $ 584,776
Median Price …………………$ 350,000
Sales Price/List Price Ratio ……. 93 %
Days on Market ………………… 58
Months of Inventory ………….. 8.8
Average Size 4 bedrooms, 3.5 baths of  2,696 sq ft
Average $ per square foot……..   $ 187.47
 
For the 7 homes sold on the Northside of the City of Richmond
(Holton School District)
Average Sales Price in January $ 297,922
Median Price ……………….  $ 227,500
Sales Price/List Price Ratio ……. 99 %
Days on Market ………………… 97
Months of Inventory ………….  6.8
Average Size 4 bedrooms, 2.5 baths of 2,777 sq ft
Average $ per square foot……..   $ 108.64
 
For the 16 homes sold on the Southside of the City of Richmond
(Zip 23225)
Average Sales Price in January $ 134,800
Median Price ……………….. $ 87,400
Sales Price/List Price Ratio ……. 93 %
Days on Market ………………… 91
Months of Inventory ………….  11.3
Average Size 3 bedrooms, 2.5 baths of 1,572 sq ft
Average $ per square foot……..   $ 78.34

For the 35 single family homes sold in West End of Henrico County
(Zips 23226, 23229, 23230, 23233, 23238, 23294)
Average Sales Price in January $ 291,175
Median Sales Price ………….  $ 199,000
Sales Price/List Price Ratio ……….  94 %
Days on Market …………………..    94
Months of Inventory ………….     10.9
Average Size 4 bedrooms 2.5 baths of 2,401 sq ft
Average $ per square foot ………. $ 112.57
 
For the 59 single family homes sold in Chesterfield
(Zips 23831, 23832, 23834, 23836, and 23838)
Average Sales Price for January $ 214,698
Median Sales Price ………….. $ 182,002
Sales Price/List Price Ratio ……..  96 %
Average Days on Market………… 89
Months of Inventory ……………..  9.2
Average Size 4 bedroom, 2.5 baths of 2,295 square ft
Average $ per square foot ………..$ 94.28

For the 34 single family homes sold in Glen Allen
(Zips 23059 and 23060)
Average Sales Price for January $ 279,761
Median Sales Price…………… $ 241,500
Sales Price/List Price Ratio ………  96 %
Average Days on Market ………….  69
Months of Inventory ……………   9.9
Average Size 4 bedrooms, 2.5 baths of 2,484 sq ft
Average $ per square foot……… $ 113.95
 
For the 28 single family homes sold in Mechanicsville
(Zips 23111 and 23116)
Average Sales Price for January $ 239,567
Median Price …………………  $ 236,725
Sales Price/List Price Ratio ……… 96 %
Average Days on Market ………….  102
Months of Inventory ……………  14.9
Average Size 4 bedrooms, 2.5 baths 2,388 sq ft
Average $ per square foot ……….. $ 100.51
 
For 68 single family homes sold in Midlothian
(Zips 23112, 23113, 23114, 23120)
Average Sales Price for January $ 298,268
Median Price ………………… $ 253,000
Sales Price List Price Ratio …….    96 %
Average Days on Market ………… 93
Months of Inventory …………….  9.3

Average Size 4 bedrooms, 2.5 baths of 2,744 sq ft
Average $ per square foot……….. $ 106.97

       Top of  Morning to You.  Here are the Bank Owned Weekly lists for the week of February 13, 2011.  I had a very busy week and wrote many offers. Hopefully, a few will get accepted!  If you know of anyone who might benefit from this service, please encourage them to sign up at the links below. 

To receive Bank Owned Weekly for the West of Richmond, click here.

To receive Bank Owned Weekly for Glen Allen, click here.

To receive Bank Owned Weekly for Western Chesterfield, click here.

Here are the links for Bank Owned Weekly for February 13th. 

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.

     Last Wednesday, I had my 2nd Renovation Finance Workshop, which was well attended. Since the market is so awash in so many great “Buy and Hold” rental properties with incredible cash flows, I am launching a Real Estate Investing Seminar on March 10th.  There is no other seminar currently being offered in the area like this one. Please call me, 804.301.7598, and I’ll cue you in on the details, but mark your calendar now for the inaugural event on March 10, 2011 at 7 p.m.

So what do you think?

Could I make it any easier last week in the Hollywood Guest Contest?  I assume y’all thought everyone had chimed in on the answer, but in fact I only received 1 written response, although that answer came in every early Friday morning. Need I tell you that was Clark Gable as Rhett Butler in GWTW?

 My RENOVATION FINANCE WORKSHOP last Wednesday was well attended. Mark your calendar now for the one in March on the 9^th. .  You can register here.

My seminar on Real Estate Investing is really coming together. The plan is to debut this seminar on March 10^th. I’ll share more details as we go forward.

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.

Call me, 804.301.7598, if you want to see anything.

Another Sunday and another week of  Bank Owned Weekly. Here are the  lists for the week of February 6, 2011.  One of my main goals each week is to grow my subscription lists, so if you know of anyone who might benefit from this service, please encourage them to sign up at the links below. 

To receive Bank Owned Weekly for the West of Richmond, click here.

To receive Bank Owned Weekly for Glen Allen, click here.

To receive Bank Owned Weekly for Western Chesterfield, click here.

Here are the links for Bank Owned Weekly for February 6th. 

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 am going to put together an email blast on the BEST “Buy and Hold” rental properties currently on the market by midweek. All of these properties would have incredible cash flows, so make sure you’re on one of my mailing lists. And the easiest way to get on one of my lists is by registering above for Bank Owned Weekly. My 2^nd Renovation Finance Workshop  is coming up this  Wednesday, February 9^th at 7 p.m. You can register or obtain more information here or by calling 1.877.879.8118 extension 8.

I have some exciting news coming up about a monthly Real Estate Investing Seminar, so stay tuned for additional updates.

Get That Checkbook Out. 

Wasn’t much suspense in our last week’s Hollywood Guest Contest. Numerous folks immediately responded with the correct answer of Slim Pickens as Major “King” Kong in Dr. Strangelove. This week it’s just too easy, so hurry with those answers.

 A quick reminder that my RENOVATION FINANCE WORKSHOP for February will be on this coming Wednesday, the 9^th,  at 7 p.m. I still have a few slots so register here:

I am very excited about a seminar I am creating on Real Estate Investing. I have assembled a top notch team for this and will be sharing more details in the coming weeks as I prepare for our March launch.

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.

Call me, 804.301.7598, if you want to see anything.