Brick’s Blog

     Boy, I’ve been slow to post this final installment. My apologies but I have been under the weather for a few days and just getting back on stride. Here’s the last part of the 3 year history and this applies to Zone 34 or what I call the “new” west end. Zone 34 is a sprawling area north of I-64 and Parham Road  to the Chickahominy/Henrico County line back eastward to where Parham Road and Chickahominy River meet Route 301. The good news is that 1-295 transverses this massive zone for a easy transition to other areas. 

   Of the 3 zones that comprise the West End, Zone 32 has been hit the hardest over the last 3 years. ‘09 unit sales versus ‘07 unit sales are down over 52 % with ‘09 sales down 34 % from ‘08 levels. While the two year number is only slightly higher than Zone 20’s and Zone 22’s number, the one year drop is almost 10 percentage points higher than both Zone 20 and Zone 22. Affordability hampers Zone 34, too. Whereas 76 % of the sales in the metro area in ‘09 are at price points below $300,000, only 59 % of the sales in Zone 34 are below $300,000. And oh, how the mighty have fallen. In ‘07 and ‘08, only 49 % of the sales each year were below $300,000 for Zone 34 when the metro market was experiencing 68 % and 70 %, respectively, at that threshold. Anyway, here’s the chart!