Brick’s Blog

     Today we’re going to look at homes sales year to date through May over the last 3 years in the West End of Henrico. This is for Zone 22 which I refer to as “West End of the County”. Zone 22 begins on the east at the City of Richmond line, extends north to I-64, is bounded by the James River on the south and ends at the Henrico line on the west. The appeal of this area has always been its awarding winning schools and lower taxes.

     Like Zone 20 last week, the absence of million dollar sales this year is glaring. The West End of the County is also exhibiting the same trend as the West End of the City with a 50 % decrease in unit sales from ’07. The drop of unit sales of only 21 % from ’08 is better than what was seen in Zone 20.  Affordability is also better in Zone 22 as compared with Zone 20. Whereas, the sales under $300,000 for the metro area to date are 76 %, in the West End of the County it has been 68 %.  These metro numbers for under $300,000 sales in ’08 and ’07 were 68 % and 70 %, respectively. In Zone 22, these West End County numbers were 63 % in ’08 and 60 % in ’07.

    Tomorrow we’re off to Zone 34 for our final installment.