Mike's Blog

There are currently 179 homes for sale in King William County, Va.  The average listing price was $235,817 and the average price of homes sold in February was $190,801, virtually unchanged from January. The average Days-on-Market(DOM) for a home was 121. There were 10 homes sold(closed) in the month of February.

There are currently 11 foreclosure properties for sale in King William County, Va. Click here to see a list of all foreclosures in King William County.

Average List Price               $235,817                               Average Sold Price            $190,801

Homes for sale                    179                                         Homes Sold                         10

Average DOM                      121                                        Sales Price/Sq Feet            $121.20

Lowest Priced Home            $45,000                                 Highest Priced Home         $1,650,000

The chart below show the average sold price for homes in King William County, Va since 2008.  As expected prices have steadily dropped through 2008 and 2009. However we are seeing a reversal of the that trend in late 2009 and into 2010. This is evident by the sales line crossing over the long term trend line in December 2009. The average sales price dropped slightly in February but the trend held. We expect March and April sales to be strong. 

Sales Data by Most Popular Zipcode

Sales Data by Subdivision 

If you don't see your neighborhood listed here, email or Twitter DM me and I will send you the detailed report for your subdivision and will include it in future reports.

For a complete list of homes for sale in King William County, VA please call or Click here, to visit our website.

If you are interested in selling your home for top dollar in the quickest amount of time, please contact me anytime at 804-503-0811 or Click here to send me an e-mail requesting further information.

There are currently 825 homes for sale in Eastern and Northern Henrico County, Va.  The average listing price for homes for sale in February was $188,820. The average price of homes sold in February was $145,019. The average Days-on-Market(DOM) was 96. There were 63 homes sold(closed) in the month of February, a 54% increase from January.  

Average List Price               $188,820                                Average Sold Price            $145,019

Homes for sale                    825                                        Homes Sold                       41

Average DOM                      103                                         Sales Price/Sq Feet            $94.24

Lowest Priced Listing           $29,950                                  Highest Priced Listing         $749,000

There are currently 38 foreclosure listing in Eastern and Northern Henrico. These properties tend to need some work but also tend to offer below market value prices. Click here to see all foreclosures listings in Eastern or Northern Henrico County, Va.

Below is the chart showing the average sold price in Eastern and Northern Henrico County from 2008 forward. As you can see- price have steadily declined since May 2008. The red trendline shows a downward trend. But in October 2009 we broke through that trend line to the upside and prices have moderated a bit since. We think this is a direct correlation to the homebuyer tax credits. The enormous amounts of snow in February really put a clamp on home sales. As a result we saw a brief slip in sale prices but fully expect that number to recover in March and April. 

The Chart below shows the Average Price per Square Foot for homes sold in Eastern and Northern Henrico County, VA. As expected, the trend dropped from 2008 to 2009 but has moderated ever since. We believe first-time homebuyers quickly buying homes in the inexpensive East End of Henrico County is primarily responsible for this moderation.  We expect a tick up in coming months as first-time homebuyers quickly try to complete sales before the April 30, 2010 expiration of the HomeBuyer Tax Credit.

Sales Data by Zip Code

 Sales Data by Subdivision(click on the link to see all available properties)

Don't see your neighborhood listed? Send me and email or a Twitter DM and I'll send you the report directly and will add it to ongoing reports. 

For a complete list of homes for sale in the East End of Henrico County, VA please call or Click here, to visit my website.

If you are interested in selling your home for top dollar in the quickest amount of time, please contact me anytime at 804-503-0811 or Click here to send me an e-mail requesting further information.

There are currently 903 homes for sale in the West End of Henrico County, Va, that's over 100 more than January.

The average listing price for homes for sale in February was $348,719.  The average price of homes sold in February was $279,281, virtually unchanged from January. The average Days-on-Market(DOM) was 87 days. There were 79 homes sold in the month of February.

There are currently 25 foreclosure properties for sale in the West End of Henrico County, Va. Click here to see a list of all foreclosure properties in the West End of Henrico County, VA

Average List Price               $348,719                              Average Sold Price            $279,281

Homes for sale                    903                                      Homes Sold                         79

Average DOM                      87                                         Sales Price/Sq Feet            $122.52

The West End of Henrico County has historically been one of the bright spots in Richmond, Va real estate. But since the beginning of 2008, prices have steadily declined like much of the state. Average prices have declined $78,341, or 22%, since January 2008. But in recent months, tax credits have helped move sales and prices up. This is evident as the sales line crossed the trend line in the chart below.  We look for sales and prices to continue to improve in the coming months.

Just as important and likely an even better gauge of the health of the local real estate market is the average price per square foot. As you can see in the graph below- it is painfully obvious that we have seen a significant drop in price per sq foot of 17.7% since January of 2008. This of course has created hundreds of opportunities for buyers to buy at prices not seen in several years.

Real Estate Sales by Zip Code 

Real Estate Sales by Subdivision

If you don't see your neighborhood listed- click here to email your neighborhood to me and I'll send you the detailed stats and will add it to the report. You can also send your request via Twitter.

For a complete list of homes for sale in the West End of Henrico County, VA please call or Click here, to visit my website.

If you are interested in selling your home for top dollar in the quickest amount of time, please contact me anytime at 804-503-0811 or Click here to send me an e-mail requesting further information.

There are currently 710 homes for sale in Hanover County, Va.  The average listing price for homes for sale in Hanover County, VA was $281,766 for February. The average price of homes sold in February was $269,128, a 4.5% drop from January. The average Days-on-Market(DOM) was 106 days. There were 29 homes sold in the month of February.

There are currently 15 foreclosure properties for sale in Hanover County, Va. Click here to see a list of all foreclosure homes for sale in Hanover County.

Average List Price               $281,766                                 Average Sold Price            $269,128

Homes for sale                    710                                         Homes Sold                         29

Average DOM                      106                                         Sales Price/Sq Feet            $121.38

Hanover County average home sale prices have declined steadily since the beginning of 2008 as showing in the graph below.  Average home sale prices have declined by $55,056 since January 2008... a 17% decline. Average prices have moderated in recent months as averages prices moved across the trend line...a positive sign for the months to come. It will be important to see how prices maintain the trend in coming months.

Just as important and possibly an even better guage of the health of the local real estate market is the average price per square foot. In the chart below you can see the obvious decline in sold price per square foot since January 2008 of 13.3%.

Sales Data by Most Popular Zipcode

Below is a breakdown of real estate homes sales in Hanover County, Virginia for the month broken down by subdivision. Just click on the link to your subdivision for the complete list of homes available for sale in that neighborhood. 

For a complete list of homes for sale in Hanover County, VA please call or Click here, to visit my website.

If you are interested in selling your home for top dollar in the quickest amount of time, please contact me anytime at 804-503-0811 or Click here to send me an e-mail requesting further information.