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Hanover County, Va Home Sales by Subdivision-August 2010

There are currently 861 homes for sale in Hanover County, Va.  The average listing price for homes for sale in Hanover County, VA was $349,157 for August. The average price of homes sold in August was $266,075, a .9% decrease from July and a 6.6% year-to-date decrease. The average Days-on-Market (DOM) was 113 days. There were 63 homes sold in the month of August.

There are currently 29 foreclosure properties for sale in Hanover County, Va. Click here to see a list of all foreclosure homes for sale in Hanover County, VA.

Average List Price               $349,157                                 Average Sold Price            $266,075

Homes for sale                    861                                         Homes Sold                         63

Average DOM                      113                                          Sales Price/Sq Feet            $120.04

Least Expensive Home        $48,000                          Most Expensive Home       $4,495,000


Hanover County average home sale prices declined steadily since the beginning of 2008 as showing in the graph below.  However average prices have moderated in recent months as average prices moved across the trend line...a positive sign for the months to come. In June we saw the average price decrease slightly over May averages but we still held solid above the trendline.  The chart below shows a bottoming of prices in Hanover County throughout 2009 with some sideways price trending so far in 2010. 

 Hanover County Va Average home sales prices

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  for homes for sale in Hanover County, VA. But price per square foot surged in April to averages unseen since January 2009. This is an extremely encouraging sign but was likely influenced by the expiration of the federal Homebuyer Tax Credit on April 30. Prices since have moderated to recent averages.

Hanover County Va Average Home Sales Prices per square foot

 

Sales Data by Most Popular Zipcode

 

 Zip Code

 Avg List Price

 Avg Sales Price

 Avg Price Per Square Foot

 23111

 $273,009

 $255,802

 $128.65

 23116

 $351,814

 $304,791

 $128.21

 23005

 $389,749

 $374,958

 $111.48

 23192

 $522,845

 $282,000

 $113.35

 23069

 $313,311

 $230,000

 $124.80

 

 

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. 

 

Subdivision

Avg List Price

Avg Sales Price

Avg Sales Price Per Sq Ft

Avg Days on Market

Ash Creek

 $322,086

 $292,500

 $128.35

 86

Battlefield Green

 $210,513

 No Sales

 No Sales

 139

Bluffs at Bell Creek

 $319,584

$340,750

$104.18

 88

Christian Ridge

 $352,107

 No Sales

No Sales

67

High Point Farms

 $137.64

 $184,000

$119.66

73

Kings Charter

 $333,668

 $284,000

 $128.63

84

Laurel Meadows

 $229,283

No Sales

 No Sales

 70

Lindsay Meadows

 $754,881

 No Sales

 No Sales

 408

Milestone

 $392,107

 No Sales

 No Sales

105

Oakley Hill

 $343,300

 $315,000

$102.81

56

Pebble Creek

 $296,330

 $275,000

$131.58

36

Scot's Landing

 $531,316

$520,000

$124.52

173

Sherrington

 $304,425

 No Sales

 No Sales

71

 

 

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.

 

Mike Hogan

Associate Broker

RE/MAX Commonwealth

(804)503-0811

RVARealtor1@gmail.com

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Comment balloon 0 commentsMike Hogan • September 12 2010 11:51AM

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