I’ll comment in more detail on the Richmond Real Estate market later this week, but April sales reflected an improving market over any months in the first quarter of 2008. In addition, pending sales for April indicate an even stronger May. Here’s the breakdown for various localities within Greater Richmond. If you would like an area not covered below to be covered each month, please let me know. If the area has enough sales activity, I’ll be delighted to include it in this reporting.

For the 22 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   $ 381,809

Median Sales Price ……………  $ 389,000

Sales Price/List Price Ratio …….. 96.4 %

Days on Market …………………….. 71

Average Size 3 bedrooms 2.5 baths of 2,106 sq ft

Average $ per square foot ……….$ 181.30

 

For the 26 homes sold in West End of the City of Richmond

(Zips 23221, 23226 and 23230)

Average Sales Price in April   $ 522,437

Median Price ……………………. $ 385,000

Sales Price/List Price Ratio ……. 95.0 %

Days on Market ……………………. 54

Average Size 4 bedrooms, 2.5 baths of 2,510 sq ft

Average $ per square foot……..   $ 208.14

 

For the 71 single family homes sold in West End of Henrico County

(Zips 23226, 23229, 23233, 23238)

Average Sales Price in April   $ 291,477

Median Sales Price ……………  $ 255,000

Sales Price/List Price Ratio ……….  97.1 %

Days on Market …………………….    71

Average Size 4 bedrooms 2.5 baths of 2,017 sq ft

Average $ per square foot ………. $ 144.65

 

For the 111 single family homes sold in Chesterfield

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

Average Sales Price for April  $ 265,000

Median Sales Price …………..$ 256,000

Sales Price/List Price Ratio ……..  97.1 %

Average Days on Market……………. 70

Average Size 4 bedroom, 2.5 baths of 2,252 square ft

Average $ per square foot ………..$ 118.34

 

For the 64 single family homes sold in Glen Allen

(Zips 23059 and 23060)

Average Sales Price for April    $ 340,803

Median Sales Price………………  $ 310,000

Sales Price/List Price Ratio ………  97.0 %

Average Days on Market ………….   58

Average Size 4 bedrooms, 2.5 baths of 2,477 sq ft

Average $ per square foot……… $ 137.59

 

For the 52 single family homes sold in Mechanicsville

(Zips 23111 and 23116)

Average Sales Price for April  $ 308,060

Median Price ……………………   $ 255,000

Sales Price/List Price Ratio ……… 97.3 %

Average Days on Market ………….. 79

Average Size 4 bedrooms, 2.5 baths 2,206 sq ft

Average $ per square foot ……….. $ 139.65

 

For 96 single family homes sold in Midlothian

(Zips 23112, 23113, and 23114)

Average Sales Price for April  $ 361,196

Median Price …………………….. $ 295,000

Sales Price List Price Ratio …….    96.7 %

Average Days on Market …………..  71

Average Size 4 bedrooms, 2.5 baths of 2,637 sq ft

Average $ per square foot……….. $ 136.97