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Fan Single Family Home Trends in Richmond Virginia for Last 12 Months

By
Real Estate Agent with Piedmont Real Estate 0225202286

Here are some informative bar and data charts for 23220, which often is popularly considered the Fan District.  However, there also are other smaller adjacent neighborhoods having that same zip code.  The Fan area is considered a very pedestrian friendly area for people who enjoy proximity to local restaurants, museums, local shops in nearby Carytown and other cultural attractions.

All charts below are generated via the Central Virginia Regional Multiple Listing Service, or CVR MLS.  By using a number of criteria choices for attached and detached single family homes in 23220, the user can generate specific charts developed by CoreLogic

 

Bar Graph of Original x Sales Price for 23220 in Last 12 Months

Above is 12-month bar graph of single family home original prices and median sale prices.

 

Data used for Original x Median Sales Prices for 23220 in Last 12 Months

The data shown above for the last 12 months is used to construct the bar graph above it.

Notice in the data chart above how the median home sale price for the last 12 months was highest in June and lowest in November.  What does that tell you about when to buy or sell a home in the Fan area?

 

Here's a bar graph showing Listing Price SqFt Ratio x Number of New Listings in 23220 in Last 12 Months

The above shows an interesting comparison of price per square foot and new listings for 23220.

 

 

Data for List Price per SqFt x Number of New Listings for 23220

 

The 12 months of data shown above is used to construct the bar graph immediately above it.

 

In the data immediately above see how the largest number of new listings for the last 12 months occurred last May.  Also, the middle column shows a list price by square foot of living space ratio.  It appears that the least expensive month in the last 12 months to purchase a home based on price per square foot would be last November.  However, notice how the highest price per square foot so far in the last 12 months is the current month of February, and tomorrow is the last day of this month!

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Are you looking to buy or sell a home in the Fan District or elsewhere in the Richmond Virginia area?  Call me today, and let's start putting a plan together that works best for you!

Posted by

Andrew Payne, Realtor®

Berkshire Hathaway HomeServices

PenFed Realty

Berkshire Hathaway HomeServices PenFed Realty Logo

2737 McRae Road

N. Chesterfield, VA  23235

Cell:  804-938-5257

Email:  awpayne1029@me.com

Website:  www.homeswithandrew.com

Blog:  www.rvagreenrealtor.com

My Business Photo

Licensed in the Commonwealth of Virginia

Roy Kelley
Retired - Gaithersburg, MD

Thanks for the Fan District report. I need to learn more about the Richmond market.

Feb 27, 2014 04:43 AM
Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

Andrew Payne is an expert and professional Realtor serving Richmond Virginia (RVA), contact him for all your real estate needs at (804) 938-5257. Keep up the good work!

The Fan is a very desirable neighborhood to consider due to the highly desirable location.

Feb 27, 2014 05:18 AM
Andrew Payne Realtor® Richmond VA Homes For Sale~804-938-5257~
Piedmont Real Estate - Richmond, VA
Richmond, VA, Real Estate, SRES®, NAR Green

Thanks for both of your comments above.  The plug with my phone number is quite a nice surprise and appreciate that, too!  Alexandria is my birthplace and need to come back there for a visit the next time we're traveling to DC!

Feb 27, 2014 07:00 AM