October 13, 2009
September ‘09 Metro Richmond Homes Sales with ‘08 & ‘07 Comparison
What a difference a year makes! Last year, September marked the onslaught of the financial market meltdown. It sure looks like we bumping along the bottom. Month to month comparisons between September ’09 and September ’08 shows ’09 with an increase in sales over ’08. This is only the second time this year that a ’09 month exceeded a ’08 month. In addition, we’re seeing the unit sales year to date narrowing their deficits. ’09 versus ’08 is down to a 12 % deficit. ’09 versus ’07 is lagging by 38 %. Both of these deficits are substantially improved from earlier in the year. My latest rub of my crystal ball sees us finishing ’09 with a 7 % deficit to ’08 and a 35 % deficit to ’07 in unit sales. Here’s the chart:
|
September |
|
2009 |
|
|
|
2008 |
|
|
|
2007 |
|
|
|
Price Range |
|
# of Sales |
|
% of Ttl Sales |
|
# of Sales |
|
% of Ttl Sales |
|
# of Sales |
|
% of Ttl Sales |
|
0 – 99,999 |
|
85 |
|
11.67% |
|
31 |
|
4.77% |
|
58 |
|
7.44% |
|
100,000 – 199,999 |
|
275 |
|
37.73% |
|
218 |
|
33.54% |
|
226 |
|
29.01% |
|
200,000 – 299,999 |
|
212 |
|
29.08% |
|
220 |
|
33.85% |
|
266 |
|
34.14% |
|
300,000 – 399,999 |
|
83 |
|
11.39% |
|
106 |
|
16.31% |
|
119 |
|
15.27% |
|
400,000 – 499,999 |
|
34 |
|
4.66% |
|
36 |
|
5.54% |
|
41 |
|
5.26% |
|
500,000 – 599,999 |
|
23 |
|
3.16% |
|
18 |
|
2.77% |
|
25 |
|
3.20% |
|
600,000 – 699,999 |
|
10 |
|
1.37% |
|
10 |
|
1.54% |
|
12 |
|
1.54% |
|
700,000 – 799,999 |
|
3 |
|
0.41% |
|
4 |
|
0.62% |
|
14 |
|
1.79% |
|
800,000 – 899,999 |
|
1 |
|
0.13% |
|
3 |
|
0.46% |
|
6 |
|
0.77% |
|
900,000 – 999,999 |
|
1 |
|
0.13% |
|
2 |
|
0.31% |
|
2 |
|
0.25% |
|
1 Million plus |
|
2 |
|
0.27% |
|
2 |
|
0.31% |
|
10 |
|
1.28% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Sales/Pct. |
|
729 |
|
100.00% |
|
650 |
|
100.00% |
|
779 |
|
100.00% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
YTD thru September |
|
2009 |
|
|
|
2008 |
|
|
|
2007 |
|
|
|
Price Range |
|
# of Sales |
|
% of Ttl Sales |
|
# of Sales |
|
% of Ttl Sales |
|
# of Sales |
|
% of Ttl Sales |
|
0 – 99,999 |
|
590 |
|
9.71% |
|
334 |
|
4.84% |
|
421 |
|
4.29% |
|
100,000 – 199,999 |
|
2061 |
|
33.90% |
|
1965 |
|
28.50% |
|
2793 |
|
28.43% |
|
200,000 – 299,999 |
|
1938 |
|
31.89% |
|
2396 |
|
34.75% |
|
3330 |
|
33.90% |
|
300,000 – 399,999 |
|
768 |
|
12.63% |
|
1109 |
|
16.08% |
|
1639 |
|
16.69% |
|
400,000 – 499,999 |
|
332 |
|
5.46% |
|
493 |
|
7.15% |
|
743 |
|
7.56% |
|
500,000 – 599,999 |
|
183 |
|
3.01% |
|
234 |
|
3.39% |
|
345 |
|
3.51% |
|
600,000 – 699,999 |
|
89 |
|
1.46% |
|
135 |
|
1.96% |
|
212 |
|
2.16% |
|
700,000 – 799,999 |
|
50 |
|
0.82% |
|
81 |
|
1.17% |
|
126 |
|
1.28% |
|
800,000 – 899,999 |
|
23 |
|
0.37% |
|
53 |
|
0.77% |
|
77 |
|
0.78% |
|
900,000 – 999,999 |
|
16 |
|
0.26% |
|
20 |
|
0.29% |
|
49 |
|
0.50% |
|
1 Million plus |
|
28 |
|
0.46% |
|
75 |
|
1.09% |
|
88 |
|
0.90% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Sales/Pct. |
|
6078 |
|
100.00% |
|
6895 |
|
100.00% |
|
9823 |
|
100.00% |
Dentist Sunnyvale said,
October 22, 2009 @ 1:03 am
It’s a great projection…I just hope that the decrease in deficits would continue like this.