sold for 3 year comparison zone 20     Blah blah blah blah ….. blah blah blah blah. That’s suppose to be a broken record, because I STILL believe the jury is out on the state of Richmond’s Real Estate market. Not until we close the books on sales through June of this year will we know the full impact of the expiration of the 1st Time Home Buyer $8,000 Tax Credit. Yes, the figures below sure give the indication that we’re steaming ahead in ’10, but so were we in ’08 and then we had the financial meltdown that September. For my long term readers I know it’s seldom you hear me so pessimistic, but I am getting cynical in my old age!!! Here’s where the sales fell in May with a look backwards to ’09 and ’08.

May  

2010

      

2009

      

2008

    
Price Range  

# of Sales

  

% of Ttl Sales

  

# of Sales

  

% of Ttl Sales

  

# of Sales

  

% of Ttl Sales
0 – 99,999  

80

  

8.75%

  

52

  

7.21%

  

29

  

3.49%
100,000 – 199,999  

362

  

39.60%

  

226

  

31.35%

  

207

  

24.91%
200,000 – 299,999  

269

  

29.43%

  

241

  

33.43%

  

300

  

36.10%
300,000 – 399,999  

113

  

12.36%

  

95

  

13.18%

  

135

  

16.25%
400,000 – 499,999  

43

  

4.71%

  

46

  

6.38%

  

69

  

8.30%
500,000 – 599,999  

16

  

1.76%

  

26

  

3.61%

  

36

  

4.33%
600,000 – 699,999  

16

  

1.76%

  

18

  

2.50%

  

14

  

1.68%
700,000 – 799,999  

8

  

0.89%

  

8

  

1.11%

  

18

  

2.17%
800,000 – 899,999  

4

  

0.44%

  

4

  

0.55%

  

7

  

0.84%
900,000 – 999,999  

1

  

0.10%

  

1

  

0.14%

  

2

  

0.24%
1 Million plus  

2

  

0.20%

  

4

  

0.55%

  

14

  

1.68%
                         
Total Sales/Pct.  

914

  

100.00%

  

721

  

100.00%

  

831

  

100.00%
                         
YTD thru May  

2010

      

2009

      

2008

    
Price Range  

# of Sales

  

% of Ttl Sales

  

# of Sales

  

% of Ttl Sales

   # of Sales  

% of Ttl Sales
0 – 99,999  

366

  

11.45%

  

278

  

10.49%

  

153

  

4.43%
100,000 – 199,999  

1216

  

38.08%

  

896

  

33.82%

  

1000

  

28.04%
200,000 – 299,999  

919

  

28.75%

  

853

  

32.20%

  

1224

  

35.13%
300,000 – 399,999  

390

  

12.20%

  

320

  

12.08%

  

516

  

15.50%
400,000 – 499,999  

126

  

3.94%

  

128

  

4.83%

  

248

  

7.51%
500,000 – 599,999  

70

  

2.19%

  

74

  

2.79%

  

133

  

3.52%
600,000 – 699,999  

50

  

1.56%

  

45

  

1.70%

 

65

  

2.16%
700,000 – 799,999  

26

  

0.81%

  

24

  

0.91%

 

42

  

1.23%
800,000 – 899,999  

10

  

0.31%

  

14

  

0.53%

  

27

  

0.78%
900,000 – 999,999  

4

  

0.12%

  

5

  

1.89%

  

6

  

0.17%
1 Million plus  

19

  

0.59%

  

12

  

0.45%

  

41

  

1.19%
                         
Total Sales/Pct.  

3196

  

100.00%

  

2649

  

100.00%

  

3455

  

100.00%