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

There are currently 854 homes for sale in Eastern and Northern Henrico County, Va.  The average listing price for homes for sale Eastern and Northern Henrico County, VA in April was $184,554. The average price of homes sold in April was $156,080, a 5% increase from March. The average Days-on-Market(DOM) was 98. There were 91 homes sold(closed) in the month of April.  

Average List Price               $184,554                               Average Sold Price            $156,080

Homes for sale                    854                                        Homes Sold                       91

Average DOM                      98                                         Sales Price/Sq Feet            $98.76

Lowest Priced Listing           $13,900                                  Highest Priced Listing         $749,000

 

There are currently 54 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 foreclosure homes for sale 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- prices 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 we expected the expiration of the Homebuyer Tax Credit in April fueled a resurgence in homebuying. This increased both the average sales price and the average price per square foot. While the recent trend appears to be bullish, we remain cautiously optimistic on home sales in Eastern and Northern Henrico County, VA.

Eastern and Northern Henrico County Va Home Sales

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. The large decrease in price per square foot is a positive for homebuyers as homes are much more affordable and buyers can buy more home for less money.

Eastern and Northern Henrico County Va average price 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

$142,145

$121,880

$94.01

114

23150

$203,597

$182,944

$107.13

108

23222

$119,755

$82,436

$65.55

98

23223

$164,096

$119,054

$74.99

96

23231

$209,215

$166,382

$100.52

109

 

 

 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

$194,200

$206,375

 $101.15

96

Castleton

$242,340

No Sales

 No Sales

94

Chamberlayne Farms

$183,662

$184,500

$96.87

42

Clarendon Woods

$264,666

No Sales

 No Sales

116

Eagles Nest

$284,550

No Sales

 No Sales

245

Four Mile Run

$218,606

$213,500

$86.54

46

Glenwood Lakes

$205,357

$155,000

$81.41

84

Huntington Place

$202,899

No Sales

 No Sales

228

Montezuma Gardens and Oak Hill

$108,825

$56,000

 $47.34

152

Jenkins Bluff

$309,913

$298,950

 $111.55

76

Sterling Forest

$367,475

No Sales

No Sales

160

Carlton at Stoneleigh

$279,900

No Sales

 No Sales

4

Hillcrest Farms

No Active Listings

No Sales

 No Sales

 

Settlers Ridge

$249,814

No Sales

 No Sales

70

 

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

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Comment balloon 0 commentsMike Hogan • May 14 2010 09:57PM

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