This is the second monthly post for various areas that I currently monitor each month for sales activity. If there is a particular submarket in the Richmond area, you would like to see covered, please comment on the particular area. If viable (enough monthly sold activity), I’ll include it in next month’s post. These numbers are compiled from Central Virginia Regional Multiple Listing Service. Obviously, sold units only account for those using the services of a Realtor. (Editorial comment - While I have just started to post these results starting with August 2007, I have been tracking these areas monthly since December 2005. September 2007 was the lowest monthly sales activity, since I began monitoring these results. Average sales price, median price, and units sold were all substantially down. Conversely, days on market and dollar per square cost were constant.)
For the 15 single family homes sold in
Fan & Museum District of the City of Richmond
(Fox and John B. Cary School Districts)
Average Sales Price in September $291,193
Sales Price/List Price Ratio 95.9 %
Median Sales Price - $227,000
Days on Market …………………….. 38
Average Size 3 bedrooms 2.5 baths of 1,774 sq ft
Average $ per square foot ……….$163.58
For the 22 homes sold in West End of the City of Richmond
(Zips 23221, 23226 and 23230)
Average Sales Price in September $536,990
Sales Price/List Price Ratio 91.1 %
Median Sales Price - $372,500
Days on Market ……………………. 35
Average Size 3 bedrooms, 2.5 baths of 2,460 sq ft
Average $ per square foot…….. $218.29
For the 69 single family homes sold in West End of Henrico County
(Zips 23226, 23229, 23233, 23238)
Average Sales Price in September $310,253
Sales Price/List Price Ratio 97.5 %
Median Sales Price - $279,000
Days on Market …………………. 47
Average Size 4 bedrooms 2.5 baths of 2,117 sq ft
Average $ per square foot ………. $146.55
For the 87 single family homes sold in Chesterfield
(Zips 23831, 23832, 23836, and 23838)
Average Sales Price for September $267,860
Sales Price/List Price Ratio 98.60 %
Median Sales Price - $248,000
Average Days on Market……………. 72
Average Size 4 bedroom, 2.5 baths of 2,090 sq ft
Average $ per square foot ………..$128.16
For the 48 single family homes sold in Glen Allen
(Zips 23059 and 23060)
Average Sales Price for September $390,436
Sales Price/List Price Ratio 98.75 %
Median Sales Price $330,000
Average Days on Market …………. 55
Average Size 4 bedrooms, 2.5 baths of 2,537 sq ft
Average $ per square foot….. $153.90
For the 46 single family homes sold in Mechanicsville
(Zips 23111 and 23116)
Average Sales Price for September 291,355
Sales Price/List Price Ratio 98.2 %
Median Price $259,875
Average Days on Market ………….. 63
Average Size 4 bedrooms, 2.5 baths 2,266 sq ft
Average $ per square foot …….. $140.82
For 101 single family homes sold in Midlothian
(Zips 23112,23113, and 23114)
Average Sales Price for September $341,526
Sales Price List Price Ratio 98.5 %
Median Price $297,000
Average Days on Market ……………62
Average Size 4 bedrooms, 2.5 baths of 2,443 sq ft
Average $ per square foot……. $ 139.80