Eastern/Northern Henrico County, Va Homes Sales Report-October 2010

There are currently 886 homes for sale in Eastern and Northern Henrico County, Va. The average listing price for homes for sale Eastern and Northern Henrico County, VA in October was $172,927. The average price of homes sold in October was $147,012, a 4.7% decrease from September. The average Days-on-Market(DOM) was 107. There were 58 homes sold(closed) in the month of October.

Average List Price $172,927 Average Sold Price $147,012

Homes for sale 886 Homes Sold 58

Average DOM 107 Sales Price/Sq Feet $87.47

Lowest Priced Listing $26,500 Highest Priced Listing $795,000

There are currently 59 foreclosure listing in Eastern and Northern Henrico. These properties tend to need some work but also tend to offer below market value prices. Click here to see all foreclosure homes for sale in Eastern or Northern Henrico County, Va.

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Below is the chart showing the average sold price in Eastern and Northern Henrico County from 2008 forward. As you can see- prices have steadily declined since May 2008. The red trendline shows a downward trend. But in October 2009 we broke through that trend line to the upside and prices have moderated a bit since. Prices have remained above the trendline suggested a bullish sentiment. We remain cautiously optimistic about price appreciation in the East End and Northside of Henrico County.

The Chart below shows the Average Price per Square Foot for homes sold in Eastern and Northern Henrico County, VA. As expected, the trend dropped from 2008 to 2009 but has moderated ever since. We believe first-time homebuyers quickly buying homes in the inexpensive East End of Henrico County is primarily responsible for this moderation. In recent months, price per square foot has abruptly decreased due to the number of low priced foreclosed properties weighing on prices.

Sales Data by Zip Code

Zip Code	Avg List Price	Avg Sales Price	Average Sales Price per Sq Ft	Average Days on Market
23075	$139,242	$81,930	$74.43	114
23150	$186,480	$110,766	$83.55	129
23222	$122,651	$71,030	$57.76	135
23223	$150,644	$138,552	$82.97	96
23231	$190,196	$174,690	$93.11	106

Sales Data by Subdivision(click on the link to see all available properties)

Subdivison	Avg List Price	Avg Sales Price	Average Sales Price per Sq Ft	Average Days on Market
Bryan Park Garden/Heights	$176,750	No Sales	No Sales	81
Castleton	$229,115	$298,000	$72.70	31
Chamberlayne Farms	$180,766	No Sales	No Sales	78
Clarendon Woods	$195,750	No Sales	No Sales	74
Eagles Nest	$247,668	No Sales	No Sales	262
Four Mile Run	$204,851	No Sales	No Sales	111
Glenwood Lakes	$182,900	$164,700	$74.51	156
Huntington Place	$189,548	No Sales	No Sales	56
Montezuma Gardens and Oak Hill	$106,765	$119,950	$101.40	197
Jenkins Bluff	$294,826	No Sales	No Sales	200
Sterling Forest	$314,962	No Sales	No Sales	100
Carlton at Stoneleigh	$309,950	No Sales	No Sales	18
Hillcrest Farms	$267,990	No Sales	No Sales	35
Settlers Ridge	$234,383	$225,000	$159.80	120

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