Mike's Blog

head_left_image

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

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. 

East End/Northside Henrico County, VA Average Home Sale Prices

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.

Eastern and Northern Henrico County, Va Home Sales Prices per Square 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

$144,100

$119,975

$108.41

103

23150

$201,720

$174,735

$128.38

97

23222

$124,240

$115,533

$95.10

94

23223

$167,253

$133,292

$90.16

100

23231

$210,795

$186,675

$99.89

105

 

 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

$199,133

$195,650

 134.93

89

Castleton

$225,937

No Sales

 No Sales

187

Chamberlayne Farms

$209,759

No Sales

 No Sales

80

Clarendon Woods

$276,000

No Sales

 No Sales

170

Eagles Nest

$289,192

No Sales

 No Sales

191

Four Mile Run

$219,908

$229,000

$97.97

40

Glenwood Lakes

$217,983

No Sales

No Sales

118

Huntington Place

$194,876

No Sales

 No Sales

220

Montezuma Gardens and Oak Hill

$111,554

No Sales

 No Sales

122

Jenkins Bluff

$318,599

No Sales

 No Sales

99

Sterling Forest

$349,112

$310,000

$114.14

112

Carlton at Stoneleigh

$379,974

No Sales

 No Sales

211

Hillcrest Farms

$284,643

No Sales

 No Sales

423

Settlers Ridge

$259,283

No Sales

 No Sales

18

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.

Mike Hogan

Associate Broker

RE/MAX Commonwealth

(804)503-0811

RVARealtor1@gmail.com

____________________________________________________________________________________


 

Comment balloon 0 commentsMike Hogan • March 13 2010 08:21AM

Comments

Participate