Brick’s Blog

If you missed Foreclosure Friday Flash on Friday the 29^th, I had an important announcement about the new Premier Properties division at Virginia Capital Realty. Here’s a link to last week’s episode, which was also my 100^th episode. We are also getting ready to begin a host of monthly seminars and workshops to educate you the consumer on the realities of this new Real Estate Market. I will continue to promote these events on Foreclosure Friday Flash, but they will also be promoted on our new revamped website, click here.  I am getting ready to enter my 3rd year of doing Bank Owned Weekly. Each week, I take great pride in providing the most accurate lists possible for the REO inventory in greater Richmond marketplace. With the expansion of the A Team at Premier Properties, there is an increasing probability that  either I or one of my team mates have physically previewed every property in our lists and that includes those listed by firms other than Virginia Capital Realty. If you’re seeking REO properties it only makes sense to work with Virginia Capital. And don’t forget to tell your friends about Bank Owned Weekly. They can register for Bank Owned Weekly 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 July 31st: 

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.

While I know these links don’t look like inventories are increasing, I can assure you that is the case. I know I sound like a broken record but I’d be willing to bet the farm that by early Fall we will be glutted with properties.  

My next monthly Renovation Finance Workshop will be Wednesday, 8/17. We start promptly at 7 p.m., so don’t be late to my offices at at 1104 N Thompson Street. Call me, 804.301.7598, or register at the link here.  

And don’t forget the Saturday Morning Tour, it’s still the best introduction to Bank Owned Properties. I am in my 3^rd year of doing this popular event. You can register and get additional information at the link here.

 Call me, 804.301.7598, to see anything.

Live from N Thompson Street. Happy Birthday, Foreclosure Friday Flash!!!!

No pick this week. I wanted to share some exciting news instead of the New A Team over at Virginia Capital Realty.

Our website, www.VirginiaCapitalRealty.com has also been revamped. We will soon have a section dedicated solely to Seminars and Workshops. We will also have a section dedicated to various informational offers for real estate areas throughout Richmond.

My next monthly Renovation Finance Workshop will be Wednesday, August 17, 2011. I cannot stress enough how ideal this market is for an owner occupant using Renovation Finance. You can sign up for this Workshop at this link

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

If your a subscriber to Bank Owned Weekly, then you’ll get a special Foreclosure Friday Flash this week with some major announcements. Week after week after week, you can receive these updates by simply clicking on and registering at the appropriate link below. And don’t forget to tell your friends about Bank Owned Weekly. 

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 July 24^th: 

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.

While I know these links don’t look like inventories are increasing, I can assure you that is the case. I know I sound like a broken record but I’d be willing to bet the farm that by early Fall we will be glutted with properties.

 My monthly Renovation Finance Workshop for August will be Wednesday, 8/17. We start promptly at 7 p.m., so don’t be late to my offices at at 1104 N Thompson Street. Call me, 804.301.7598, or register at this link.  We still have a few slots left.

And don’t forget the Saturday Morning Tour, it’s still the best introduction to Bank Owned Properties. I am in my 3^rd year of doing this popular event. You can register and get additional information at this link. 

Call me, 804.301.7598, to see anything.

Last week, our name the Hollywood contest featured Amanda Peet as Jill St. Claire in The Whole Nine Yards. This week’s pick is just too easy.   

My monthly Renovation Finance Workshop last Wednesday was well attended. I cannot stress enough how ideal this market is for an owner occupant using Renovation Finance.

 Next week will be the 100^th episode of Foreclosure Friday Flash. Some big news coming, so don’t miss next week’s episode.

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.

Hey, back on schedule. After 2 weeks of posting Bank Owned Weekly late, this a.m. I am back to my old ways with my lists ready for you first thing on Sunday morn. You know you might as well settle in and anticpate getting  Bank Owned Weekly for some time now. You might have seen the article that projected over a million shadow foreclosures which won’t even come to the market until 2012. Check the link above if you want more information. And don’t forget to tell your friends about Bank Owned Weekly and encourage them to sign up at the links 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 July 17th:

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.

My monthly Renovation Finance Workshop will be this Wednesday, 7/20. We start promptly at 7 p.m., so don’t be late to my offices at at 1104 N Thompson Street. Call me, 804.301.7598, or register at this link. We still have a few slots left.

And don’t forget the Saturday Morning Tour, it’s still the best introduction to Bank Owned Properties. I am in my 3^rd year of doing this popular event. You can register and get additional information at this link.

 Call me, 804.301.7598, to see anything.

     I apologize. I realized at the end of June that I had never posted May’s Market Snapshot, so I decided to combine it with June’s snapshot. Now I need to apologize again. Although I’ve had this post written since last Saturday, I am just getting around to posting it. Good news for me is that I have been really busy, but I promise to be more punctual in postings. I’ve got some help on the way, which I will expound on in future posts.

Here’s the Market Snapshot for May 2011:

For the 26 single family homes sold in
Fan & Museum District of the City of Richmond
(Fox and John B. Cary School Districts)
Average Sales Price in May         $ 422,847
Median Sales Price …………..   $ 331,250
Sales Price/List Price Ratio …….. 95 %
Days on Market ………………… 73

Months of Inventory ……………  3.0

Average Size 4 bedrooms 2.5 baths of 2,549 sq ft
Average $ per square foot ……….$ 169.67

 For the 31 homes sold in West End of the City of Richmond
(Zips 23221, 23226 and 23230)
Average Sales Price in May $ 413,754
Median Price …………………..$ 322,000
Sales Price/List Price Ratio ……. 95 %
Days on Market ………………… 49
Months of Inventory ………….. 3.8
Average Size 4 bedrooms, 2.5 baths of  2,247 sq ft
Average $ per square foot……..   $ 170.91
 
For the 17 homes sold on the Northside of the City of Richmond
(Holton School District)
Average Sales Price in May $ 225,423
Median Price ……………….  $ 207,500
Sales Price/List Price Ratio ……. 94 %
Days on Market ………………… 69
Months of Inventory ………….  3.4
Average Size 3 bedrooms, 2.5 baths of 1,900 sq ft
Average $ per square foot……..   $ 118.52
 
For the 31 homes sold on the Southside of the City of Richmond
(Zip 23225)
Average Sales Price in May $ 210,906
Median Price …………………. $ 214,000
Sales Price/List Price Ratio ……. 98 %
Days on Market ………………… 45
Months of Inventory ………….  6.9
Average Size 3 bedrooms, 2.5 baths of 1,873 sq ft
Average $ per square foot……..   $ 113.84

 For the 87 single family homes sold in West End of Henrico County
(Zips 23226, 23229, 23230, 23233, 23238, 23294)
Average Sales Price in May $ 288,659
Median Sales Price ………….  $ 205,000
Sales Price/List Price Ratio ……….  95 %
Days on Market …………………..    74
Months of Inventory ………….     5.2
Average Size 4 bedrooms 2.5 baths of 2,243 sq ft
Average $ per square foot ………. $ 124.42
 
For the 102 single family homes sold in Chesterfield
(Zips 23831, 23832, 23834, 23836, and 23838)
Average Sales Price for May $ 209,216
Median Sales Price ………….. $ 197,000
Sales Price/List Price Ratio ……..  96 %
Average Days on Market………… 76
Months of Inventory ……………..  7.2
Average Size 4 bedroom, 2.5 baths of 2,291 square ft
Average $ per square foot ………..$ 90.86

 For the 64 single family homes sold in Glen Allen
(Zips 23059 and 23060)
Average Sales Price for May $ 306,049
Median Sales Price…………… $ 249,972
Sales Price/List Price Ratio ………  97 %
Average Days on Market ………….  67
Months of Inventory ……………   4.8
Average Size 4 bedrooms, 2.5 baths of 2,453 sq ft
Average $ per square foot……… $ 120.78
 
For the 50 single family homes sold in Mechanicsville
(Zips 23111 and 23116)
Average Sales Price for May $ 229,699
Median Price ………………….  $ 190,250
Sales Price/List Price Ratio ……… 96 %
Average Days on Market ………….  86
Months of Inventory ……………  8.9
Average Size 4 bedrooms, 2.5 baths 2,128 sq ft
Average $ per square foot ……….. $ 109.25

For 105 single family homes sold in Midlothian
(Zips 23112, 23113, 23114, 23120)
Average Sales Price for May $ 266,758
Median Price ………………… $ 219,900
Sales Price List Price Ratio …….    97 %
Average Days on Market ………… 64
Months of Inventory …………….  6.0

Average Size 4 bedrooms, 2.5 baths of 2,444 sq ft
Average $ per square foot……….. $ 104.86

Here’s the Market Snapshot for June 2011:

For the 28 single family homes sold in
Fan & Museum District of the City of Richmond
(Fox and John B. Cary School Districts)
Average Sales Price in June $ 363,907
Median Sales Price …………..   $ 332,500
Sales Price/List Price Ratio …….. 96 %
Days on Market ………………… 48
Months of Inventory …………..  2.8

Average Size 3 bedrooms 2.5 baths of 2,008 sq ft
Average $ per square foot ……….$ 174.25

For the 43 homes sold in West End of the City of Richmond
(Zips 23221, 23226 and 23230)
Average Sales Price in June $ 462,709
Median Price …………………..$ 365,000
Sales Price/List Price Ratio ……. 96 %
Days on Market ………………… 67
Months of Inventory ………….. 2.7
Average Size 4 bedrooms, 2.5 baths of  2,589 sq ft
Average $ per square foot……..   $ 177.61
 
For the 11 homes sold on the Northside of the City of Richmond
(Holton School District)
Average Sales Price in June $ 194,545
Median Price ……………….  $ 205,.000
Sales Price/List Price Ratio ……. 98 %
Days on Market ………………… 47
Months of Inventory ………….  5.0
Average Size 3 bedrooms, 2.5 baths of 1,567 sq ft
Average $ per square foot……..   $ 121.87
 
For the 25 homes sold on the Southside of the City of Richmond
(Zip 23225) Average Sales Price in June $ 181,639
Median Price …………………. $ 145,000
Sales Price/List Price Ratio ……. 94 %
Days on Market ………………… 111
Months of Inventory ………….  8.6
Average Size 3 bedrooms, 2.5 baths of 1,760 sq ft
Average $ per square foot……..   $ 92.37

For the 94 single family homes sold in West End of Henrico County
(Zips 23226, 23229, 23230, 23233, 23238, 23294)
Average Sales Price in June $ 310,734
Median Sales Price ………….  $ 267,500

Sales Price/List Price Ratio ……….  96 %
Days on Market …………………..   587
Months of Inventory ………….     4.8
Average Size 4 bedrooms 2.5 baths of 2,486 sq ft
Average $ per square foot ………. $ 122.29
 
For the 120 single family homes sold in Chesterfield
(Zips 23831, 23832, 23834, 23836, and 23838)
Average Sales Price for June $ 207,696
Median Sales Price ………….. $ 189,950
Sales Price/List Price Ratio ……..  96 %
Average Days on Market………… 75
Months of Inventory ……………..  6.4
Average Size 4 bedroom, 2.5 baths of 2,248 square ft
Average $ per square foot ………..$ 91.28

For the 44 single family homes sold in Glen Allen
(Zips 23059 and 23060)
Average Sales Price for June $ 317,713
Median Sales Price…………… $ 265,750
Sales Price/List Price Ratio ………  97 %
Average Days on Market ………….  93
Months of Inventory ……………   7.8
Average Size 4 bedrooms, 2.5 baths of 2,650 sq ft
Average $ per square foot……… $ 118.42
 
For the 47 single family homes sold in Mechanicsville
(Zips 23111 and 23116)
Average Sales Price for June $ 229,177
Median Price ………………….  $ 220,000
Sales Price/List Price Ratio ……… 93 %
Average Days on Market ………….  88
Months of Inventory ……………  9.6

Average Size 4 bedrooms, 2.5 baths 2,169 sq ft
Average $ per square foot ……….. $ 106.30

For 89 single family homes sold in Midlothian
(Zips 23112, 23113, 23114, 23120)
Average Sales Price for June $ 283,110
Median Price ………………… $ 274,000
Sales Price List Price Ratio …….    97 %
Average Days on Market ………… 92
Months of Inventory …………….  7.7

Average Size 4 bedrooms, 2.5 baths of 2,660 sq ft
Average $ per square foot……….. $ 104.29

Last week, our name the Hollywood contest featured Helen Hayes as Catherine Barkley in A Farewell to Arms. This week’s pick is certainly more recent. Let’s see how quick you can identify this actress. She is always great as the ingénue.  

 My monthly Renovation Finance Workshop will be this Wednesday, July 20th at 7 p.m. It looks like we’re going to have a full house, so don’t delay and register soon at the link above.

 And don’t forget about our Saturday Morning Tour of Bank Owned Properties. We’re in our 3^rd year doing this popular event. For more information and to register, visit the link 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.