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

By Mike Hogan

Real Estate Agent with The Hogan Group at Keller Williams Realty

March 13, 2010 12:21 AM

There are currently 825 homes for sale in Eastern and Northern Henrico County, Va. The average listing price for homes for sale in February was $188,820. The average price of homes sold in February was $145,019. The average Days-on-Market(DOM) was 96. There were 63 homes sold(closed) in the month of February, a 54% increase from January.

Average List Price $188,820 Average Sold Price $145,019

Homes for sale 825 Homes Sold 41

Average DOM 103 Sales Price/Sq Feet $94.24

Lowest Priced Listing $29,950 Highest Priced Listing $749,000

There are currently 38 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 foreclosures listings 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- price 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 a result we saw a brief slip in sale prices but fully expect that number to recover in March and April.

East End/Northside Henrico County, VA Average Home Sale 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. We expect a tick up in coming months as first-time homebuyers quickly try to complete sales before the April 30, 2010 expiration of the HomeBuyer Tax Credit.

Eastern and Northern Henrico County, Va Home Sales 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	$144,100	$119,975	$108.41	103
23150	$201,720	$174,735	$128.38	97
23222	$124,240	$115,533	$95.10	94
23223	$167,253	$133,292	$90.16	100
23231	$210,795	$186,675	$99.89	105

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	$199,133	$195,650	134.93	89
Castleton	$225,937	No Sales	No Sales	187
Chamberlayne Farms	$209,759	No Sales	No Sales	80
Clarendon Woods	$276,000	No Sales	No Sales	170
Eagles Nest	$289,192	No Sales	No Sales	191
Four Mile Run	$219,908	$229,000	$97.97	40
Glenwood Lakes	$217,983	No Sales	No Sales	118
Huntington Place	$194,876	No Sales	No Sales	220
Montezuma Gardens and Oak Hill	$111,554	No Sales	No Sales	122
Jenkins Bluff	$318,599	No Sales	No Sales	99
Sterling Forest	$349,112	$310,000	$114.14	112
Carlton at Stoneleigh	$379,974	No Sales	No Sales	211
Hillcrest Farms	$284,643	No Sales	No Sales	423
Settlers Ridge	$259,283	No Sales	No Sales	18

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.