September 15, 2009
August ‘09 Metro Richmond Homes Sales with ‘08 & ‘07 Comparison
Sorry about the delay in getting this information out this month. I’ve been trying to catch up on some projects I’ve got going so I’ve been distracted. August to August comparisons for ’09 versus ’08 show the current year lagging last year by only 5 %. We are seeing some stabilization in ’09 and now find the year to date drop to be only slightly over 14 %. And don’t even bother with the comparisons to ’07, where month to month shows a 23.7 drop and year on year a 40.85 % deficit. The goods news is ’09 continues to show a stable consistent number of sales each month. My real concern is whether this will continue after the $8,000 tax credit for 1st time home buyers expires in November, but November is just around the corner, so we’ll know shortly. Here’s the comparison.
|
August |
|
2009 |
|
|
|
2008 |
|
|
|
2007 |
|
|
|
Price Range |
|
# of Sales |
|
% of Ttl Sales |
|
# of Sales |
|
% of Ttl Sales |
|
# of Sales |
|
% of Ttl Sales |
|
0 – 99,999 |
|
68 |
|
8.17% |
|
48 |
|
5.47% |
|
21 |
|
1.92% |
|
100,000 – 199,999 |
|
277 |
|
33.29% |
|
242 |
|
27.59% |
|
278 |
|
25.48% |
|
200,000 – 299,999 |
|
278 |
|
33.41% |
|
290 |
|
33.07% |
|
376 |
|
34.46% |
|
300,000 – 399,999 |
|
108 |
|
12.98% |
|
171 |
|
19.50% |
|
200 |
|
18.33% |
|
400,000 – 499,999 |
|
41 |
|
4.92% |
|
54 |
|
6.16% |
|
84 |
|
7.70% |
|
500,000 – 599,999 |
|
26 |
|
3.12% |
|
27 |
|
3.08% |
|
50 |
|
4.58% |
|
600,000 – 699,999 |
|
17 |
|
2.04% |
|
9 |
|
1.03% |
|
28 |
|
2.57% |
|
700,000 – 799,999 |
|
9 |
|
1.08% |
|
11 |
|
1.25% |
|
18 |
|
1.65% |
|
800,000 – 899,999 |
|
4 |
|
0.48% |
|
8 |
|
0.91% |
|
14 |
|
1.28% |
|
900,000 – 999,999 |
|
3 |
|
0.36% |
|
4 |
|
0.46% |
|
7 |
|
0.64% |
|
1 Million plus |
|
1 |
|
0.01% |
|
13 |
|
1.48% |
|
15 |
|
1.37% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Sales/Pct. |
|
832 |
|
100.00% |
|
877 |
|
