West End Henrico Home Sales by Subdivision- October 2010

By
Real Estate Agent with RE/MAX Commonwealth

There are currently 842 homes for sale in the West End of Henrico County, Va.  The average listing price for homes for sale in the West End of Henrico County, Va was $326,443 for the month of October. The average price of homes sold in October was $294,046, a 5.22% decrease from September and a 8.2% year-to-date decrease . The average Days-on-Market(DOM) was 100 days. There were 94 homes sold in the month of August.

There are currently 54 foreclosure homes 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               $326,443                              Average Sold Price            $294,046

Homes for sale                    842                                       Homes Sold                        94

Average DOM                      100                                       Sales Price/Sq Feet            $120.07

Least Expensive Home        $87,800                               Most Expensive Home       $2,999,950

Average home sale prices in the West End of Henrico County, VA  have been increasing in recent months. You can see on the chart below that prices have been increasing in 2010. Average home sale prices crossed the trend line in March and trended upward throughout the Summer. However in recent months prices dropped as sluggish home sales closed at lower prices. We fully expect to see the volatility increase into 2011 as sales and sales prices begin to increase.

West End Henrico County Va average home sale prices

A great indicator of the health of the localized housing market is the price per sq foot. This graph supports the findings of the chart above. Average price per square foot held steady or increased slightly throughout the summer but as sales have declined in September and October- so have price per square foot. This is a great trend for buyers as historically low interest rates and extremely low prices combine to make this one of the best home buying opportunities since the Great Depression.

west end henrico county va average sale price per square foot

 

Real Estate Sales by Zip Code 

 

Zip Code

Avg List Price

Avg Sales Price

Avg Sales Price/Sq Ft

23226

$265,701

$208,110

$124.35

23228

$172,617

$156,947

$120.55

23229

$393,940

$286,641

$133.60

23230

$196,468

No Sales

No Sales

23233

$344,973

$331,121

$128.74

23238

$387,670

$231,676

$91.93

23059

$406,394

$395,696

$124.36

23060

$250,659

$218,892

$100.11

23294

$190,679

$164,487

$106.37

 

 

Real Estate Sales by Subdivision

 

Subdivision

Avg List Price

Avg Sales Price

Avg Sales Price/Sq Ft

Average Days on Market

Cedar Grove

$247,225

No Sales

No Sales

300

Dunncroft

$198,355

$156,000

$77.08

56

Farmington

$173,325

$87,000

$67.55

83

Castle Point

$214,891

No Sales

No Sales

41

Hungary Ridge

$209,000

$225,000

$102.27

86

Eagles Ridge

$362,500

$281,500

$90.46

148

Hickory Woods at Twin Hickory

$409,950

No Sales

No Sales

28

Magnolia Ridge

$292,437

$261,800

$103.71

92

Mountain Spring

$365,978

No Sales

No Sales

132

Raintree

$256,990

$264,000

$109.18

78

Spring Lake

$266,288

$255,000

 $123.31

201

Burgundy Parke

$557,583

No Sales

 No Sales

63

Hunton Estates

$557,800

No Sales

No Sales

169

Westhampton Glen

$472,572

No Sales

 No Sales

75

Barrington

$925,000

No Sales

 No Sales

170

River Road Farms

$817,333

No Sales

 No Sales

382

Foxhall

$411,166

$527,500

 $138.49

51

Covington

$589,500

$680,000

$167.45

221

**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 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.

 

 

Posted by

Mike Hogan

Associate Broker

RE/MAX Commonwealth

(804)503-0811

RVARealtor1@gmail.com

____________________________________________________________________________________


 

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Hi Mike,

Hopefully this decreasing trend doesn't continue and it is just because we are going into winter!

December 21, 2010 03:17 PM
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Additional Information

Author Bio: Mike Hogan (@RVArealtor), is a Central Virginia Real Estate Broker that understands the business of real estate. Having earned his MBA with a focus on marketing, there is no better choice to help market your biggest investment. Using “old school” marketing techniques combined with cutting edge social media and electronic media marketing, Mike has developed a process for marketing your home, investment property or waterfront home.

My BLOG is a reflection of my thoughts throughout the day. You'll see my general musings about various topics... ranging from real estate to martinis. Who know's what I'm going to come up with next.