August 11, 2009
West End Home Sales for July and Year to Date
If one was to judge the Richmond marketplace based on July sales numbers for the West End, the picture would be pretty bleak. Whereas the overall Richmond market saw a 12 % decline in unit sales from June, only the Glen Allen sector of the West End saw a decline this small with its 13 % drop. The West End of Henrico (Zone 22) saw a 28 % drop in unit sales, while the West End of the City saw its sale units halved with a 48 % drop. There is good news though, since the West End is seeing an increasing number of sales at above the $500,000 mark. These up-end sales had been almost non-existent for most of the year. Here’s are the numbers for the month and year to date.
|
July |
|
Zone 20 |
|
|
|
Zone 22 |
|
|
|
Zone 34 |
|
|
|
Price Range |
|
# of Sales |
|
% of Ttl Sales |
|
# of Sales |
|
% of Ttl Sales |
|
# of Sales |
|
% of Ttl Sales |
|
0 – 99,999 |
|
0 |
|
0.00% |
|
0 |
|
0.00% |
|
0 |
|
0.00% |
|
100,000 – 199,999 |
|
4 |
|
20.00% |
|
18 |
|
22.22% |
|
23 |
|
29.11% |
|
200,000 – 299,999 |
|
9 |
|
45.00% |
|
26 |
|
32.10% |
|
26 |
|
32.91% |
|
300,000 – 399,999 |
|
1 |
|
5.00% |
|
15 |
|
18.53% |
|
11 |
|
13.92% |
|
400,000 – 499,999 |
|
1 |
|
5.00% |
|
11 |
|
13.58% |
|
9 |
|
11.39% |
|
500,000 – 599,999 |
|
3 |
|
15.00% |
|
5 |
|
6.17% |
|
8 |
|
10.13% |
|
600,000 – 699,999 |
|
1 |
|
5.00% |
|
2 |
|
2.47% |
|
0 |
|
0.00% |
|
700,000 – 799,999 |
|
0 |
|
0.00% |
|
1 |
|
1.23% |
|
0 |
|
0.00% |
|
800,000 – 899,999 |
|
0 |
|
0.00% |
|
0 |
|
0.00% |
|
0 |
|
0.00% |
|
900,000 – 999,999 |
|
0 |
|
0.00% |
|
1 |
|
1.23% |
|
1 |
|
1.27% |
|
1 Million plus |
|
1 |
|
5.00% |
|
2 |
|
2.47% |
|
1 |
|
1.27% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Sales/Pct. |
|
20 |
|
100.00% |
|
81 |
|
100.00% |
|
79 |
|
100.00% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
YTD thru July |
|
Zone 20 |
|
|
|
Zone 22 |
|
|
|
Zone 34 |
|
|
|
Price Range |
|
# of Sales |
|
% of Ttl Sales |
|
# of Sales |
|
% of Ttl Sales |
|
# of Sales |
|
% of Ttl Sales |
|
0 – 99,999 |
|
1 |
|
0.71% |
|
3 |
|
0.69% |
|
3 |
|
0.79% |
|
100,000 – 199,999 |
|
9 |
|
6.38% |
|
91 |
|
20.82% |
|
68 |
|
17.94% |
|
200,000 – 299,999 |
|
66 |
|
46.81% |
|
189 |
|
43.25% |
|
151 |
|
39.84% |
|
300,000 – 399,999 |
|
25 |
|
17.73% |
|
67 |
|
15.33% |
|
70 |
|
18.47% |
|
400,000 – 499,999 |
|
16 |
|
11.35% |
|
37 |
|
8.47% |
|
47 |
|
12.40% |
|
500,000 – 599,999 |
|
11 |
|
7.80% |
|
22 |
|
5.03% |
|
30 |
|
7.92% |
|
600,000 – 699,999 |
|
4 |
|
2.84% |
|
15 |
|
3.43% |
|
3 |
|
0.79% |
|
700,000 – 799,999 |
|
2 |
|
1.42% |
|
4 |
|
0.92% |
|
3 |
|
0.79% |
|
800,000 – 899,999 |
|
1 |
|
0.71% |
|
6 |
|
1.37% |
|
0 |
|
0.00% |
|
900,000 – 999,999 |
|
2 |
|
1.42% |
|
1 |
|
0.23% |
|
2 |
|
0.53% |
|
1 Million plus |
|
4 |
|
2.84% |
|
2 |
|
0.46% |
|
2 |
|
0.53% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Sales/Pct. |
|
141 |
|
100.00% |
|
437 |
|
100.00% |
|
379 |
|
100.00% |