July 15, 2010
June ‘10 Metro Richmond Homes Sales with ‘09 & ‘08 Comparison
Amazing how incentive works. Give someone a great reason, particularly a financial one, to do something; and you’ll see results. June’s numbers certainly illustrate the power of the 1st Time Homebuyer Credit of $ 8,000 as 1st Time Buyers closed their purchases prior to the original expiration date of June 30. The deadline has since been extended to September 30, 2010, but you still had to have your purchase under contract prior to April 30th, 2010. Of course, if the public had known there was going to be this extension, the new home builders may have gotten some badly needed sales. Oh well, who ever thought the government understood business. Here’s where June sales fell with the monthly and year to date comparisons with 2009 and 2008.
| June |
2010 |
2009 |
2008 |
|||||||||
| Price Range |
# of Sales |
% of Ttl Sales |
# of Sales |
% of Ttl Sales |
# of Sales |
% of Ttl Sales |
||||||
| 0 – 99,999 |
111 |
10.30% |
79 |
7.94% |
42 |
4.47% |
||||||
| 100,000 – 199,999 |
403 |
37.30% |
319 |
42.11% |
219 |
23.32% |
||||||
| 200,000 – 299,999 |
270 |
25.20% |
329 |
33.70% |
330 |
35.14% |
||||||
| 300,000 – 399,999 |
152 |
14.10% |
142 |
14.27% |
174 |
18.53% |
||||||
| 400,000 – 499,999 |
68 |
6.30% |
67 |
6.70% |
86 |
9.16% |
||||||
| 500,000 – 599,999 |
26 |
2.40% |
27 |
2.70% |
25 |
2.66% |
||||||
| 600,000 – 699,999 |
21 |
1.90% |
9 |
0.90% |
24 |
2.56% |
||||||
| 700,000 – 799,999 |
9 |
0.83% |
10 |
1.00% |
14 |
1.49% |
||||||
| 800,000 – 899,999 |
9 |
0.83% |
3 |
0.30% |
10 |
1.06% |
||||||
| 900,000 – 999,999 |
4 |
0.37% |
4 |
0.40% |
5 |
0.53% |
||||||
| 1 Million plus |
5 |
0.47% |
6 |
0.60% |
10 |
1.06% |
||||||
| Total Sales/Pct. |
1078 |
100.00% |
995 |
100.00% |
939 |
100.00% |
||||||
| YTD thru June |
2010 |
2009 |
2008 |
|||||||||
| Price Range |
# of Sales |
% of Ttl Sales |
# of Sales |
% of Ttl Sales |
# of Sales |
% of Ttl Sales |
||||||
| 0 – 99,999 |
477 |
11.16% |
357 |
9.80% |
195 |
4.44% |
||||||
| 100,000 – 199,999 |
1619 |
37.88% |
1215 |
33.33% |
1219 |
27.74% |
||||||
| 200,000 – 299,999 |
1189 |
27.82% |
1182 |
32.40% |
1554 |
35.37% |
||||||
| 300,000 – 399,999 |
542 |
12.68% |
462 |
12.67% |
690 |
15.70% |
||||||
| 400,000 – 499,999 |
194 |
4.54% |
195 |
5.30% |
334 |
7.60% |
||||||
| 500,000 – 599,999 |
96 |
2.24% |
101 |
2.70% |
158 |
3.60% |
||||||
| 600,000 – 699,999 |
71 |
1.67% |
54 |
1.40% |
89 |
2.03% |
||||||
| 700,000 – 799,999 |
35 |
0.82% |
34 |
0.91% |
56 |
1.27% |
||||||
| 800,000 – 899,999 |
19 |
0.44% |
17 |
0.45% |
37 |
0.84% |
||||||
| 900,000 – 999,999 |
8 |
0.19% |
9 |
0.22% |
11 |
0.25% |
||||||
| 1 Million plus |
24 |
0.56% |
18 |
0.45% |
51 |
1.16% |
||||||
| Total Sales/Pct. |
4274 |
100.00% |
3644 |
100.00% |
4394 |
100.00% |