October 14, 2009
West End Home Sales for September and Year to Date
While the West End market remains bottom driven with over 70 % of the market activity occurring below $400,000, the desirability of the West End remains unchallenged since over 85 % of Richmond’s market activity occurs under the $400,000 barrier. Believe it or not – there has been some increased activity above the $400,000 point for several months now. Each month I am seeing a more sales in the 400′s, 500′s and 600′s, as our real estate market bumps along the bottom. Here’s the chart for September:
|
September |
|
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% |
|
1 |
|
1.75% |
|
100,000 – 199,999 |
|
2 |
|
13.33% |
|
20 |
|
30.30% |
|
15 |
|
26.32% |
|
200,000 – 299,999 |
|
7 |
|
46.67% |
|
24 |
|
36.36% |
|
13 |
|
22.81% |
|
300,000 – 399,999 |
|
2 |
|
13.33% |
|
8 |
|
12.12% |
|
11 |
|
19.43% |
|
400,000 – 499,999 |
|
1 |
|
6.67% |
|
4 |
|
6.06% |
|
10 |
|
17.54% |
|
500,000 – 599,999 |
|
1 |
|
6.67% |
|
3 |
|
4.55% |
|
6 |
|
10.53% |
|
600,000 – 699,999 |
|
1 |
|
0.00% |
|
3 |
|
4.55% |
|
1 |
|
1.75% |
|
700,000 – 799,999 |
|
0 |
|
0.00% |
|
2 |
|
3.03% |
|
0 |
|
0.00% |
|
800,000 – 899,999 |
|
0 |
|
0.00% |
|
1 |
|
1.52% |
|
0 |
|
0.00% |
|
900,000 – 999,999 |
|
0 |
|
0.00% |
|
0 |
|
0.00% |
|
0 |
|
0.00% |
|
1 Million plus |
|
1 |
|
6.67% |
|
1 |
|
1.52% |
|
0 |
|
0.00% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Sales/Pct. |
|
15 |
|
100.00% |
|
66 |
|
100.00% |
|
57 |
|
100.00% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
YTD thru September |
|
Zone 20 |
|
|
|
Zone 22 |
|
|
|
Zone 34 |
|
|
|
\ |
|
# of Sales |
|
% of Ttl Sales |
|
# of Sales |
|
% of Ttl Sales |
|
# of Sales |
|
% of Ttl Sales |
|
0 – 99,999 |
|
1 |
|
0.53% |
|
3 |
|
0.52% |
|
4 |
|
0.78% |
|
100,000 – 199,999 |
|
13 |
|
6.84% |
|
121 |
|
20.93% |
|
100 |
|
19.38% |
|
200,000 – 299,999 |
|
90 |
|
47.37% |
|
246 |
|
42.56% |
|
195 |
|
37.79% |
|
300,000 – 399,999 |
|
32 |
|
16.84% |
|
93 |
|
16.09% |
|
100 |
|
19.38% |
|
400,000 – 499,999 |
|
22 |
|
11.58% |
|
45 |
|
7.79% |
|
62 |
|
12.02% |
|
500,000 – 599,999 |
|
16 |
|
8.42% |
|
28 |
|
4.84% |
|
39 |
|
7.56% |
|
600,000 – 699,999 |
|
5 |
|
2.63% |
|
21 |
|
3.63% |
|
7 |
|
1.36% |
|
700,000 – 799,999 |
|
2 |
|
1.05% |
|
9 |
|
1.56% |
|
5 |
|
0.97% |
|
800,000 – 899,999 |
|
2 |
|
1.05% |
|
8 |
|
1.38% |
|
0 |
|
0.00% |
|
900,000 – 999,999 |
|
2 |
|
1.05% |
|
1 |
|
0.17% |
|
2 |
|
0.39% |
|
1 Million plus |
|
5 |
|
2.63% |
|
3 |
|
0.52% |
|
2 |
|
0.39% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Sales/Pct. |
|
190 |
|
100.00% |
|
578 |
|
100.00% |
|
515 |
|
100.00% |