I am just beginning my analysis for April’s results. While the unit sales didn’t pick up much, the pending sales for April were healthy. Look for a substantial jump in unit sales in the months to come. I’ll add further comments later this week.

    

Here’s the snapshot:

 

For the 17 single family homes sold in

Fan & Museum District of the City of Richmond

(Fox and John B. Cary School Districts)

Average Sales Price in April $ 403,529

Median Sales Price ……………   $ 380,000

Sales Price/List Price Ratio …….. 95.6 %

Days on Market …………………….. 93

Average Size 3 bedrooms 2.5 baths of 2,4008 sq ft

Average $ per square foot ……….$ 168.14

 

For the 23 homes sold in West End of the City of Richmond

(Zips 23221, 23226 and 23230)

Average Sales Price in April $ 345,776

Median Price ………………………  $ 310,000

Sales Price/List Price Ratio ……. 97.6 %

Days on Market ……………………. 47

Average Size 3 bedrooms, 2.5 baths of 1,971 sq ft

Average $ per square foot……..   $ 175.43

 

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

(Zip 23227 Holton School District)

Average Sales Price in April $ 159,250

Median Price ………………………  $ 171,750

Sales Price/List Price Ratio ……. 87.2 %

Days on Market ……………………. 99

Average Size 3 bedrooms, 2.5 baths of 1,570 sq ft

Average $ per square foot……..   $ 101.43

 

For the 22 homes sold on the Southside of the City of Richmond

(Zip 23225)

Average Sales Price in April $ 151,170

Median Price ………………………  $ 157,000

Sales Price/List Price Ratio ……. 95.9 %

Days on Market ……………………. 70

Average Size 3 bedrooms, 1.5 baths of 1,459 sq ft

Average $ per square foot……..   $ 103.61

 

For the 45 single family homes sold in West End of Henrico County

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

Average Sales Price in April $ 303,743

Median Sales Price ……………    $ 260,000

Sales Price/List Price Ratio ……….  96.5 %

Days on Market …………………….    55

Average Size 4 bedrooms 2.5 baths of 2,274 sq ft

Average $ per square foot ………. $ 133.57

 

For the 82 single family homes sold in Chesterfield

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

Average Sales Price for April $ 239,754

Median Sales Price …………… $ 200,500

Sales Price/List Price Ratio ……..  96.2 %

Average Days on Market……………. 88

Average Size 4 bedroom, 2.5 baths of 2,234 square ft

Average $ per square foot ………..$ 107.32

 

For the 33 single family homes sold in Glen Allen

(Zips 23059 and 23060)

Average Sales Price for April $ 336,017

Median Sales Price………………  $ 275,000

Sales Price/List Price Ratio ………  97.6 %

Average Days on Market ………….  51

Average Size 4 bedrooms, 2.5 baths of 2,646 sq ft

Average $ per square foot……… $ 126.99

 

For the 40 single family homes sold in Mechanicsville

(Zips 23111 and 23116)

Average Sales Price for April $ 275,953

Median Price ……………………     $ 232,500

Sales Price/List Price Ratio ……… 96.7 %

Average Days on Market ………….. 98

Average Size 4 bedrooms, 2.5 baths 2,340 sq ft

Average $ per square foot ……….. $ 121.14

 

For 69 single family homes sold in Midlothian

(Zips 23112, 23113, and 23114)

Average Sales Price for March $ 302,282

Median Price ……………………..   $ 250,500

Sales Price List Price Ratio …….    95.9 %

Average Days on Market …………..  84

Average Size 4 bedrooms, 2.5 baths of 2,437 sq ft

Average $ per square foot……….. $ 124.04