Richmond VA area homes losing value

Area homes losing value
Web site report: 1.6% loss for Richmond area, 9.7% decline for nation
 
Thursday, Nov 13, 2008 
 
By CAROL HAZARD
TIMES-DISPATCH STAFF WRITER
Most homes in the Richmond area have lost value from a year ago, although the loss is not as great here as it is nationally, according to a report released yesterday by Zillow.com.
Moreover, 13.4 [...]

Forclosure Rates by Counties in Metro Richmond VA

 
 
 
Foreclosure Rates by County – Richmond Metropolitan Area
August 2008
 
Please remember – the higher the number the lower the rate!
Most of Richmond’s local rates are significantly lower than the national or state rates.
 
To view the searchable map below, follow this link:  http://www.realtytrac.com/MapSearch/FreeSearch.aspx?a=b&StateSel=va&accnt=137302   
 
 
 
Caroline 1 in 305
 
Chesterfield 1 in 1284
 
Goochland 1 in 8247
 
Hanover 1 in 1157
  
Henrico 1 in [...]

Home Sales in Aug in Richmond VA

Statistical Profile

 

 

Aug, 08

¹Interest Rates

 

0 + 0

6.250

1 + 0

6.000

Unemployment Rates

 

*Richmond Metro

5.0%

**Virginia

4.6%

**US

6.1%

²Foreclosure Rates

 

5Richmond Metro

N/A

Virginia

1 in 607

US

1 in 416

³Avg. SF Sales Price

 

³Richmond Metro

$279,039*****

4Virginia

N/A

5US

N/A

³Avg. Twnhm/Condo Sales Price

$169,102

³SF Units Sold (Rich. Metro)

1072

³Twnhm/Condo Units Sold

127

³Avg. SF LP/SP Ratio %

96.3%

³Avg. Twnhm/Condo LP/SP Ratio %

96.6%

³SF New Listings on Mkt (Rich. Metro)

2536

³Twnhm/Condo New Listings on Mkt (Rich. Metro)

290

*****includes 1 sale of $7,250,000 SP

 

****includes [...]

Experienced Real Estate Agents Spend More on Listings

Real estate agents who have 5+ years of experience represent higher-priced listings and spend more marketing those properties – $864 per listing – according to a VHT survey of agents’ and brokers’ allocation of marketing dollars for print, TV, direct mail and online.
Respondents with less than five years experience spent, on average, $675 per [...]

Monthly Stats for the Richmond, VA area

This is the Monthly stats for the Richmond, VA area provided by Scott Shaheen Regional Vice President/Richmond region of Long and Foster REALTORS. 
Our Richmond home market and economy is holding steady compared to the rest of the Virginia markets and the Nation. 

 
Jan. 08
Feb. 08
Mar. 08
Apr. 08
May 08

¹Interest Rates
 
 
 
 
 

0 + 0
5.75
6.375
6.000
6.000
6.375

1 + 0
5.50
6.125
5.750
5.750
6.125

Unemployment Rates
 
 
 
 
 

*Richmond Metro
3.5%
3.9%
4.1%
N/A
N/A

**Virginia
3.5%
3.8%
3.9%
3.5%
3.9%

**US
4.9%
4.8%
5.1%
5.0%
5.5%

²Foreclosure Rates
 Foreclosures [...]