February 24, 2009
Metro Richmond Home Sales January ’09 vs. January ’08

Sorry I am a little slow in updating some of my statisical information this month, but I have been quite busy although not extremely productive. Hopefully, some of the many folks I have in the pipeline will purchase in the coming months. So how does January ’09 compare with January ’08? Units sales were down over 17 %. Although not revealed in the following table, almost 80 % of the market activity occured at a price point below $300,000. 92 % of the market activity was below $400,000. As has been the case for months, the upper end of the market remains stagnant. And you all thought after 1.20.2009 all would be bright and gay. Well, think again.
| Sales by Real Estate Zones for January 2009 vs January 2008 | ||||||
| 2009 | 2008 | % Change | ||||
| Zone | # of sales | # of sales | ||||
| 10 | 28 | 30 | -6.67% | |||
| 20 | 4 | 12 | -66.67% | |||
| 22 | 39 | 46 | -15.22% | |||
| 24 | 8 | 9 | -11.11% | |||
| 30 | 23 | 18 | 27.78% | |||
| 32 | 15 | 18 | -16.67% | |||
| 34 | 29 | 38 | -23.68% | |||
| 36 | 16 | 20 | -20.00% | |||
| 40 | 18 | 19 | -5.26% | |||
| 42 | 17 | 20 | -15.00% | |||
| 44 | 10 | 29 | -65.52% | |||
| 50 | 21 | 15 | 40.00% | |||
| 52 | 32 | 48 | -33.33% | |||
| 54 | 51 | 63 | -19.05% | |||
| 60 | 22 | 24 | -8.33% | |||
| 62 | 55 | 54 | 1.85% | |||
| 64 | 17 | 19 | -10.53% | |||
| 66 | 7 | 17 | -58.82% | |||
| 412 | 499 | -17.43% | ||||