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Eastern/Northern Henrico County, Va Homes Sales Report-January 2010

There are currently 804 homes for sale in Eastern and Northern Henrico County, Va.  The average listing price for homes for sale in January was $191,149. The average price of homes sold in January was $164,624. The average Days-on-Market(DOM) for was 103. There were 41 homes sold(closed) in the month of January.  

Average List Price               $191,149                                Average Sold Price            $164,624

Homes for sale                    804                                         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 42 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. Our expectation is to continue seeing this moderate increase in prices through the first and second quarters of 2010.

 Eastern Henrico Average Sold Price per Sq Foot

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 Home Buyer Tax Credit.

Eastern Henrico Average Sold Price per Sq Foot

Sales Data by Zip Code

Zip Code

Avg List Price

Avg Sales Price

Average Sales Price per Sq Ft

Average Days on Market

23075

$149,738

$116,350

$96.40

93

23150

$208,256

$171,090

$113.16

108

23222

$124,501

$179,000

$122.60

78

23223

$171,786

$166,466

$90.49

110

23231

$212,785

$177,800

$91.57

122

 

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

Subdivison

Avg List Price

Avg Sales Price

Average Sales Price per Sq Ft

Average Days on Market

Bryan Park Garden/Heights

$182,450

No sales

 

76

Castleton

$228,256

No Sale

 

189

Chamberlayne Farms

$208,154

$102,010

$50.01

114

Clarendon Woods

$269,333

No sales

 

52

Eagles Nest

$269,725

No sales

 

175

Four Mile Run

$212,583

$195,250

$89.33

129

Glenwood Lakes

$194,950

$195,000

$65.00

223

Huntington Place

$196,126

No Sales

 

189

Montezuma Gardens and Oak Hill

$109,393

No sales

 

137

Jenkins Bluff

$313,542

No sales

 

150

Sterling Forest

$347,723

No sales

 

85

Carlton at Stoneleigh

$379,974

No sales

 

180

Hillcrest Farms

$297,720

No Sales

 

337

Settlers Ridge

$255,228

No Sales

 

397

 

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.

Mike Hogan

Associate Broker

RE/MAX Commonwealth

(804)503-0811

RVARealtor1@gmail.com

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Comment balloon 0 commentsMike Hogan • February 10 2010 07:02PM

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