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West End Henrico Home Sales by Subdivision- February 2010

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.

West End Henrico County Average Home Sale Prices

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.

West End Henrico County Average Sold Price Per Square Foot-February 2010Real Estate Sales by Zip Code 

Zip Code

Avg List Price

Avg Sales Price

Avg Sales Price/Sq Ft

23226

$230,511

$242,370

$134.26

23228

$209,225

$151,192

$101.87

23229

$378,359

$337,579

$130.29

23230

$251,545

No Sales

No Sales

23233

$372,178

$281,662

$125.46

23238

$466,841

$223,890

$107.39

23059

$471,529

$419,893

$120.32

23060

$268,358

$243,255

$124.87

23294

$203,426

$230,780

$116.38

 

Real Estate Sales by Subdivision

Subdivision

Avg List Price

Avg Sales Price

Avg Sales Price/Sq Ft

Average Days on Market

Cedar Grove

$36,150

No Sales

No Sales

148

Dunncroft

$202,937

No Sales

No Sales

86

Farmington

$293,050

No Sales

No Sales

192

Castle Point

$225,350

No Sales

No Sales

67

Hungary Ridge

$244,616

No Sales

No Sales

73

Eagles Ridge

$303,252

289,950

 131.20

111

Hickory Woods at Twin Hickory

$431,392

No Sales

 No Sales

33

Magnolia Ridge

$330,357

$252,000

 $102.73

106

Mountain Spring

$386,483

No Sales

 No Sales

69

Raintree

$291,271

$246,950

 $128.62

65

Spring Lake

$265,498

No Sales

 No Sales

99

Burgundy Parke

$580,870

No Sales

 No Sales

37

Hunton Estates

$560,612

$625,000

$112.71

125

Westhampton Glen

$509,005

No Sales

No Sales

146

Barrington

$899,900

No Sales

No Sales

333

River Road Farms

$476,333

No Sales

No Sales

120

Foxhall

$584,150

No Sales

No Sales

54

Covington

$758,470

No Sales

No Sales

34

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.

 

Mike Hogan

Associate Broker

RE/MAX Commonwealth

(804)503-0811

RVARealtor1@gmail.com

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Comment balloon 2 commentsMike Hogan • March 12 2010 11:41PM

Comments

That's great news! Keep up the good work.

Posted by Whitney Peddy (de Luxe Homes & Estates) over 7 years ago

@Whitney- thanks! I think the more info homeowners see- the more equipped they are to make these important decisions. Have a great weekend!

Posted by Mike Hogan, MBA (The Hogan Group at Keller Williams Realty) over 7 years ago

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