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Jeff Mays' Blog

By Jeff Mays | Broker in Glen Allen, VA

Richmond, Virginia Market Update-July 2011-Single Family Sales

Coldwell Banker Virginia Colony-July 2011
Richmond, VA-Single Family Sales

Hottest Price Range-$400k
Coolest Price Range-Over $1million

Good News
Closed Deals are UP 10% for the same month last year
List Price to Sales Price is STEADY at 95%
Under $400k is a very ACTIVE with 87% of sales in that range

Concerns
Closings are DOWN 19% over the previous month
Days on the Market is UP
Less than 1 in 10 houses go under contract each month
3/4 of all the sales are $299k or below

Jeff Mays
Broker-Full Time Pro
Featured Real Estate Expert on HGTV's Bang For Your Buck

Coldwell Banker
Virginia Colony
Text/Cell 804-651-6297
jmays@cbvirginia.com
www.cbvirginia.com
www.coldwellbanker.com
www.gomsh.com

Making Real Estate News-Not Just Reposting It!

Comments

By Brenda Feria,  Fri Jun 8 2012, 18:44
Good overview of the market.

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