West End Henrico Home Sales by Subdivision- October 2010

There are currently 842 homes for sale in the West End of Henrico County, Va. The average listing price for homes for sale in the West End of Henrico County, Va was $326,443 for the month of October. The average price of homes sold in October was $294,046, a 5.22% decrease from September and a 8.2% year-to-date decrease . The average Days-on-Market(DOM) was 100 days. There were 94 homes sold in the month of August.

There are currently 54 foreclosure homes for sale in the West End of Henrico County, Va. Click here to see a list of all foreclosure properties in the West End of Henrico County, VA

Average List Price $326,443 Average Sold Price $294,046

Homes for sale 842 Homes Sold 94

Average DOM 100 Sales Price/Sq Feet $120.07

Least Expensive Home $87,800 Most Expensive Home $2,999,950

Average home sale prices in the West End of Henrico County, VA have been increasing in recent months. You can see on the chart below that prices have been increasing in 2010. Average home sale prices crossed the trend line in March and trended upward throughout the Summer. However in recent months prices dropped as sluggish home sales closed at lower prices. We fully expect to see the volatility increase into 2011 as sales and sales prices begin to increase.

A great indicator of the health of the localized housing market is the price per sq foot. This graph supports the findings of the chart above. Average price per square foot held steady or increased slightly throughout the summer but as sales have declined in September and October- so have price per square foot. This is a great trend for buyers as historically low interest rates and extremely low prices combine to make this one of the best home buying opportunities since the Great Depression.

Real Estate Sales by Zip Code

Zip Code	Avg List Price	Avg Sales Price	Avg Sales Price/Sq Ft
23226	$265,701	$208,110	$124.35
23228	$172,617	$156,947	$120.55
23229	$393,940	$286,641	$133.60
23230	$196,468	No Sales	No Sales
23233	$344,973	$331,121	$128.74
23238	$387,670	$231,676	$91.93
23059	$406,394	$395,696	$124.36
23060	$250,659	$218,892	$100.11
23294	$190,679	$164,487	$106.37

Real Estate Sales by Subdivision

Subdivision	Avg List Price	Avg Sales Price	Avg Sales Price/Sq Ft	Average Days on Market
Cedar Grove	$247,225	No Sales	No Sales	300
Dunncroft	$198,355	$156,000	$77.08	56
Farmington	$173,325	$87,000	$67.55	83
Castle Point	$214,891	No Sales	No Sales	41
Hungary Ridge	$209,000	$225,000	$102.27	86
Eagles Ridge	$362,500	$281,500	$90.46	148
Hickory Woods at Twin Hickory	$409,950	No Sales	No Sales	28
Magnolia Ridge	$292,437	$261,800	$103.71	92
Mountain Spring	$365,978	No Sales	No Sales	132
Raintree	$256,990	$264,000	$109.18	78
Spring Lake	$266,288	$255,000	$123.31	201
Burgundy Parke	$557,583	No Sales	No Sales	63
Hunton Estates	$557,800	No Sales	No Sales	169
Westhampton Glen	$472,572	No Sales	No Sales	75
Barrington	$925,000	No Sales	No Sales	170
River Road Farms	$817,333	No Sales	No Sales	382
Foxhall	$411,166	$527,500	$138.49	51
Covington	$589,500	$680,000	$167.45	221

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For a complete list of homes for sale in the West 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.