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

 

There are currently 886 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 October was $172,927. The average price of homes sold in October was $147,012, a 4.7% decrease from September. The average Days-on-Market(DOM) was 107. There were 58 homes sold(closed) in the month of October.  

Average List Price               $172,927                               Average Sold Price            $147,012

Homes for sale                   886                                         Homes Sold                       58

Average DOM                     107                                          Sales Price/Sq Feet            $87.47

Lowest Priced Listing           $26,500                                 Highest Priced Listing        $795,000

 

There are currently 59 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.

Click here for our featured listings

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. Prices have remained above the trendline suggested a bullish sentiment. We remain cautiously optimistic about price appreciation in the East End and Northside of Henrico County.

East End Henrico County Va Average Real Estate 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. In recent months, price per square foot has abruptly decreased due to the number of low priced foreclosed properties weighing on prices.

East End Henrico County Va Average Real Estate 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

$139,242

$81,930

$74.43

114

23150

$186,480

$110,766

$83.55

129

23222

$122,651

$71,030

$57.76

135

23223

$150,644

$138,552

$82.97

96

23231

$190,196

$174,690

$93.11

106

 

 

 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

$176,750

No Sales

 No Sales

81

Castleton

$229,115

$298,000

 $72.70

31

Chamberlayne Farms

$180,766

No Sales

No Sales

78

Clarendon Woods

$195,750

No Sales

 No Sales

74

Eagles Nest

$247,668

No Sales

 No Sales

262

Four Mile Run

$204,851

No Sales

No Sales

111

Glenwood Lakes

$182,900

$164,700

$74.51

156

Huntington Place

$189,548

No Sales

 No Sales

56

Montezuma Gardens and Oak Hill

$106,765

$119,950

 $101.40

197

Jenkins Bluff

$294,826

No Sales

 No Sales

200

Sterling Forest

$314,962

No Sales

No Sales

100

Carlton at Stoneleigh

$309,950

No Sales

 No Sales

18

Hillcrest Farms

$267,990

No Sales

 No Sales

 35

Settlers Ridge

$234,383

$225,000

 $159.80

120

**Don't see your neighborhood- Tweet(@RVARealtor), Text(804-503-0811), Facebook or email me and I'll add it 

 

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 1 commentMike Hogan • November 06 2010 09:54PM

Comments

Hey Mike,

I can't believe the small percentage of sales that actually closed in Oct. it is mind blowing that it is 107 DOM what is it going to be this month for Goodness sake. Over 160? Happy Holidays

Posted by Trustworthy Responsive-Personal-Banking, Younullre not just a client-your a FRIEND! (HOMEPATH, USDA, VHDA, FHA, VA, CONV & JUMBO MORTGAGES) almost 7 years ago

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