Hanover County, Va Home Sales by Subdivision-October 2010

There are currently 784 homes for sale in Hanover County, Va.  The average listing price for homes for sale in Hanover County, VA was $340,437 for October. The average price of homes sold in October was $265,051, a 2.2% decrease from September and a 5.9% year-to-date decrease. The average Days-on-Market (DOM) was 117 days. There were 64 homes sold in the month of October.

There are currently 39 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               $340,437                                  Average Sold Price            $265,051

Homes for sale                   784                                           Homes Sold                         64

Average DOM                      116                                           Sales Price/Sq Feet            $114.43

Least Expensive Home        $84,000                          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 October we saw the average price decrease slightly from September averages but we still held solid above the trendline.  The chart below shows a bottoming of prices in Hanover County throughout 2009 with a strong sideways trend throughout 2010. We've been saying for months that 2010 would be a year of sideways movement and it has proven to be true. I am expecting 2011 to be a year of slightly upward movement in prices and sale. The trend in the chart below should begin to bend slightly to the upside withing the first few months of 2011.

 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.

Sales Data by Most Popular Zipcode

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. 

**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 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.