By request, I have added two new areas to the monthly coverage. South of the Rivah in the City (i.e., Zip Code 23225) is now covered; as is the Bellevue area in the Northside of the City (i.e., Zip Code 23227 in Holton School district.) I had also received a request to cover Jackson Ward, unfortunately there isn’t enough activity currently in the area to warrant inclusion. Again, the market saw a sharp drop in units sold between October and November. The silver lining is sales are still occurring and our inventory levels continue to drop. I’ll update year to date sales later this week. Here’s the snapshot:

 

For the 8 single family homes sold in

Fan & Museum District of the City of Richmond

(Fox and John B. Cary School Districts)

Average Sales Price in November $ 331,993

Median Sales Price ……………   $ 312,500

Sales Price/List Price Ratio …….. 92.6 %

Days on Market …………………….. 70

Average Size 4 bedrooms 2.5 baths of 2,161 sq ft

Average $ per square foot ……….$ 153.63

 

For the 6 homes sold in West End of the City of Richmond

(Zips 23221, 23226 and 23230)

Average Sales Price in November $ 672,412

Median Price ………………………  $ 627,000

Sales Price/List Price Ratio ……. 96.7 %

Days on Market ……………………. 49

Average Size 3 bedrooms, 2.5 baths of 2,163 sq ft

Average $ per square foot……..   $ 215.17

 

For the 4 homes sold on the Northside of the City of Richmond

(Zips 23227 Holton School District)

Average Sales Price in November $ 244,143

Median Price ………………………  $ 257,000

Sales Price/List Price Ratio ……. 95.6 %

Days on Market ……………………. 52

Average Size 4 bedrooms, 2.5 baths of 1,679 sq ft

Average $ per square foot……..   $ 145.01

 

For the 19 homes sold on the Southside of the City of Richmond

(Zip 23225)

Average Sales Price in November $ 204,171

Median Price ………………………  $ 173,000

Sales Price/List Price Ratio ……. 96.3 %

Days on Market ……………………. 62

Average Size 3 bedrooms, 2.5 baths of 1,535 sq ft

Average $ per square foot……..   $ 133.01

 

For the 39 single family homes sold in West End of Henrico County

(Zips 23226, 23229, 23230, 23233, 23238)

Average Sales Price in November $ 358,622

Median Sales Price ……………    $ 293,750

Sales Price/List Price Ratio ……….  96.6 %

Days on Market …………………….    62

Average Size 4 bedrooms 2.5 baths of 2,375 sq ft

Average $ per square foot ………. $ 151.00

 

For the 67 single family homes sold in Chesterfield

(Zips 23831, 23832, 23834, 23836, and 23838)

Average Sales Price for November $ 284,685

Median Sales Price …………… $ 228,500

Sales Price/List Price Ratio ……..  95.7 %

Average Days on Market……………. 82

Average Size 4 bedroom, 2.5 baths of 2,380 square ft

Average $ per square foot ………..$ 119.62

 

For the 38 single family homes sold in Glen Allen

(Zips 23059 and 23060)

Average Sales Price for November $ 300,272

Median Sales Price………………  $ 280,000

Sales Price/List Price Ratio ………  95.3 %

Average Days on Market ………….  97

Average Size 4 bedrooms, 2.5 baths of 2,299 sq ft

Average $ per square foot……… $ 130.61

 

For the 22 single family homes sold in Mechanicsville

(Zips 23111 and 23116)

Average Sales Price for November $ 267,074

Median Price ……………………     $ 288,000

Sales Price/List Price Ratio ……… 95.4 %

Average Days on Market ………….. 59

Average Size 4 bedrooms, 2.5 baths 2,135 sq ft

Average $ per square foot ……….. $ 125.09

 

For 85 single family homes sold in Midlothian

(Zips 23112, 23113, and 23114)

Average Sales Price for November $ 365,410

Median Price ……………………..   $ 296,000

Sales Price List Price Ratio …….    96.3 %

Average Days on Market …………..  95

Average Size 4 bedrooms, 3.5 baths of 2,725 sq ft

Average $ per square foot……….. $ 134.10

 

     As always, if you’d like a particular area covered, please let me know.