When residents in Richmond Virginia talk with me about nearby Goochland County, they often envision beautiful large homes on five-acre lots. Yes, those homes and lot sizes certainly do exist, and they often are beautiful. However, there's probably more variety in home prices and lot sizes that can suit a full spectrum of home buyers' budgets, needs and interests.
For example, here are two bar graphs generated from the Central Virginia Regional Multiple Listing Service, or CVR MLS, to show single family home market activity in Goochland County over the last 12 months:
Above is bar graph showing 12-months of single family home sales and median days to sell.
Notice how the above bar graph shows cumulative data for the last 12 months. A wide variety of price ranges are shown. Also, see how the $900K to $1 million range took the longest median number of days to sell, and homes in the $600K to $700K range took the shortest median number of days to get sold.
Above is Goochland County median original price versus sale price bar graph for single family homes.
In the bar graph immediately above more interesting information is revealed. Notice how the median sale price was higher than the median original price for three of the last 12 months: June, December and so far, the current month of March. In fact, the median sale price for December and March (so far) were considerably higher the original median price for single family homes.
Could that mean that those two months could be the best two months for selling homes? Well, that could be inferred from the data, and yet may not necessarily be true in every case. Remember there are always exceptions and no guarantees any particular home will sell or at least sell quickly.
On the other hand, if other comparable homes in the same neighborhood are selling quickly at higher median sales prices than the median original prices, then I would estimate that trend to continue at least in the short term. Keep an eye out for the spring market, and consider taking advantage of these selling opportunities!
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Are you looking to buy or sell a home in Goochland County or elsewhere in the Richmond Virginia area? Call me today, and let's plan a strategy that works for you!
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