March 11, 2010
February ‘10 Metro Richmond Homes Sales with ‘09 & ‘08 Comparison
Huh? I must be repressing memories. In February I was as busy as little bee. How come (yeah, I know that should be why) February ’09 sales were so much higher than February ’10? Have I just accepted the “new reality” of the Richmond real estate market? Is all this activity I see and hear about from other agents actually less than we had a year ago? Am I currently living in Bizarro World? All I know is “I am riding her, ’til she bucks me” and just keeping my nose to the grindstone and pushing on. I am still concerned about what happens after the $8,000 and $6,500 Tax Credits expire in April. Maybe Obama’s push for some short sale regulation will be the new prop for the real estate market? At this point who knows, but I do know where the sales fell in February and here’s the scoop!
| February |
2010 |
2009 |
2008 |
|||||||||
| Price Range |
# of Sales |
% of Ttl Sales |
# of Sales |
% of Ttl Sales |
# of Sales |
% of Ttl Sales |
||||||
| 0 – 99,999 |
60 |
13.30% |
91 |
11.40% |
49 |
4.77% |
||||||
| 100,000 – 199,999 |
186 |
41.24% |
280 |
35.10% |
324 |
31.52% |
||||||
| 200,000 – 299,999 |
114 |
25.28% |
253 |
31.70% |
340 |
33.07% |
||||||
| 300,000 – 399,999 |
50 |
11.09% |
104 |
13.00% |
162 |
15.76% |
||||||
| 400,000 – 499,999 |
15 |
3.33% |
25 |
3.20% |
59 |
5.74% |
||||||
| 500,000 – 599,999 |
11 |
2.44% |
12 |
1.50% |
42 |
4.09% |
||||||
| 600,000 – 699,999 |
7 |
1.55% |
18 |
2.20% |
|
19 |
1.85% |
|||||
| 700,000 – 799,999 |
1 |
0.22% |
5 |
0.65% |
|
8 |
0.78% |
|||||
| 800,000 – 899,999 |
2 |
0.44% |
3 |
0.35% |
11 |
1.07% |
||||||
| 900,000 – 999,999 |
0 |
0.00% |
2 |
0.30% |
0 |
0.00% |
||||||
| 1 Million plus |
5 |
1.11% |
4 |
0.40% |
14 |
1.36% |
||||||
| Total Sales/Pct. |
451 |
100.00% |
797 |
100.00% |
1028 |
100.00% |
Tomorrow we’ll look at the West End!
Jessica said,
March 11, 2010 @ 7:22 am
As someone who has a house on the market, thank you for all of this info! It is very scary, but it is helpful to know.