Real Estate Blog - Richmond City Monthly Activity Report: 11

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Richmond City Monthly Activity Report: 11 - 2007

Monthly Activity Report: 11 -2007

120 homes and 21 Condo/Townhouse have sold during the month of Novmber with average price $213,114 for single family home, $234,764 for Condo/Townhouse. The average sale price of these homes were 5% less than asking price. On average, these homes took 63 days to sell.
This data was provided from the Richmondarea MLS.

Property Type: Single Family

Area	New	Avg LP	Under Contract	Avg LP	Sold	Avg SP	%SP/LP	Avg DOM
10	123	$303,795	54	$214,121	36	$198,605	91.89%	67
20	36	$417,579	13	$506,680	19	$328,684	95.89%	58
30	72	$192,391	36	$162,148	19	$155,448	88.74%	58
50	71	$106,199	24	$122,967	26	$123,011	99.40%	68
60	85	$247,382	38	$177,461	20	$259,823	98.07%	66
	387	$253,469	165	$236,675	120	$213,114	94.80%	63

Property Type: Condo/Townhouse

Area	New	Avg LP	Under Contract	Avg LP	Sold	Avg SP	%SP/LP	Avg DOM
10	75	$249,310	17	$206,720	18	$262,029	100.82%	99
20	6	$341,783	3	$261,333	0	$0	0.00%	0
30	0	$0	0	$0	0	$0	0.00%	0
50	1	$130,000	0	$0	0	$0	0.00%	0
60	9	$215,722	5	$181,950	3	$207,500	99.13%	87
	91	$234,203	25	$216,667	21	$234,764	99.98%	93

CONTACT ME for assistance with RICHMOND REAL ESTATE

Mohamed Mekhimar , Realtor®, Accredited Buyers Representative , RE/MAX Commonwealth, mekhimar@remax.net, (804) 243-0605 Cell, (804) 288-5000 Office, (804) 288-8989 Fax, http://www.richmondvahomes4sale.com/, Licensed in the Commonwealth of Virginia

By the way...if you know someone who is interested in buying or selling real estate in the Richmond Virginia area and surrounding counties, please call me with their name and phone number. Thank you!

Posted by Mohamed Mekhimar - Accredited Buyers Rep , E-Pro - Richmond Virginia Real Estate on 12/01/2007 04:01 PM

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Real Estate Agent: Mohamed Mekhimar - Accredited Buyers Rep , E-Pro - Richmond Virginia Real Estate (RE/MAX Commonwealth)

Mohamed Mekhimar - Accredited Buyers Rep , E-Pro - Richmond Virginia Real Estate
Richmond, VA
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RE/MAX Commonwealth

Office Phone: (804) 288-5000
Cell Phone: (804) 243-0605
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A place for sharing my thoughts, opinions,Information, discussion, comments, experience, questions and to learn from the feedback of others. mostly about real estate in and around the Richmond, Virginia area. However, almost anything else that catches my fancy can and will be included!

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