sold sign 2    Is it the $8,000 Tax Credit or not? I’m afraid it is the credit, but time will tell. December ’09 numbers exceeded December ’08, but you’ve got to remember the environment a year ago. Financial crisis was rearing its ugly head and despite the era of “hope and change” being just around the corner, December ’08 was some pretty low hanging fruit.

    December is always the month of bargains.  Those bargain days typically spill over into January and February as the land sharks come out to scoop up some bargains. The land sharks look for properties with long days on market that are vacant. Call me, 804.301.7598, because I can point you to some great opportunities.

     I am glad 2009 is on the books. Rough year. If anyone in Washington would listen, it’s the economy, stupid. If we would direct our attention to the economy, we’d be closer to putting this housing issue behind us; at least in Richmond.  Take a look at the ’08 and ’07 comparisons. December ’09 might actually be what a “typically” year should look like. I feel like 9,600 unit sales is about right for the Richmond market. Tomorrow I’ll share the full year numbers with their ’08 and ’07 counterparts.

December  

2009

     

2008

     

2007

   
Price Range  

# of Sales

 

% of Ttl Sales

 

# of Sales

 

% of Ttl Sales

 

# of Sales

 

% of Ttl Sales

0 – 99,999  

76

 

12.62%

 

49

 

9.07%

 

28

 

3.94%

100,000 – 199,999  

179

 

29.73%

 

162

 

30.00%

 

214

 

30.10%

200,000 – 299,999  

174

 

28.90%

 

164

 

30.37%

 

217

 

30.52%

300,000 – 399,999  

84

 

13.95%

 

84

 

15.56%

 

120

 

16.88%

400,000 – 499,999  

52

 

8.64%

 

36

 

6.67%

 

62

 

8.72%

500,000 – 599,999  

13

 

2.16%

 

24

 

4.44%

 

28

 

3.94%

600,000 – 699,999  

8

 

1.33%

 

7

 

1.30%

 

12

 

1.69%

700,000 – 799,999  

2

 

0.33%

 

3

 

0.54%

 

9

 

1.27%

800,000 – 899,999  

5

 

0.83%

 

5

 

0.93%

 

6

 

0.84%

900,000 – 999,999  

2

 

0.33%

 

1

 

0.19%

 

4

 

0.56%

1 Million plus  

7

 

1.16%

 

5

 

0.93%

 

11

 

1.55%

   

 

 

 

 

 

 

 

 

 

 

 

Total Sales/Pct.  

602

 

100.00%

 

540

 

100.00%

 

711

 

100.00%