October 15, 2008
Richmond Real Estate Sales YTD Comparisons ‘07 & ‘08
Yesterday, I mentioned that the decline in YTD sales for ’08 versus YTD for ’07 had finally dipped below the 30 % barrier (but just barely). For most of the year, the decline between ’08 and ’07 has hovered around 33%. I have been predicting for several months that I believe this decline between ’08 and ’07 for the year will come in at about 25%, since the final 4 months of ’07 marked the beginning of the significant slowdown we’re currently experiencing. Here’s the data.
| Sales by Real Estate Zones YTD 2008 vs 2007 | ||||||
| 2008 | 2007 | % Change | ||||
| Zone | # of sales | # of sales | ||||
| 10 | 399 | 567 | -29.63% | |||
| 20 | 230 | 317 | -27.44% | |||
| 22 | 681 | 974 | -30.08% | |||
| 24 | 153 | 230 | -33.48% | |||
| 30 | 208 | 293 | -29.01% | |||
| 32 | 272 | 348 | -21.84% | |||
| 34 | 630 | 826 | -23.73% | |||
| 36 | 290 | 411 | -29.44% | |||
| 40 | 230 | 366 | -37.16% | |||
| 42 | 241 | 399 | -39.60% | |||
| 44 | 348 | 511 | -31.90% | |||
| 50 | 191 | 300 | -36.33% | |||
| 52 | 633 | 920 | -31.20% | |||
| 54 | 805 | 1136 | -29.14% | |||
| 60 | 335 | 459 | -27.02% | |||
| 62 | 771 | 1083 | -28.81% | |||
| 64 | 279 | 398 | -29.90% | |||
| 66 | 199 | 285 | -30.18% | |||
| 6895 | 9823 | -29.81% | ||||