henrico-county april 2011

8/6/2019 Henrico-County April 2011

1/2

Dow n Dow n - 1 0 % Dow n - 1 2 % Up 1 %

Un its Sold

Act ive Inv entor y

Med ian Sale Price

Focu s On : Hen r ico Cou n ty Hou s in g Mar k e t Ap r il 2011

Un it s Sold Act iv e In v en tor y Med ian Sa le Pr ice Day s On Mark et

*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Fosters

knowledgeable and experienced sales associates.

2 2 2 2 ,1 1 2 $ 1 7 8 ,1 3 3 7 5

Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago

There was a decrease in total units sold in April, with 222

sold this month in Henrico County. This month's total units

sold was lower than at this time last year.

Versus last year, the total number of homes available this

month is lower by 235 units or 10%. The total number of

active inventory this April was 2,112 compared to 2,347 in

April 2010. This month's total of 2,112 is lower than the

previous month's total supply of available inventory of 2,153,

a decrease of 2%.

Last April, the median sale price for Henrico County Homes

was $202,250. This April, the median sale price was $178,133,

a decrease of 12% or $24,118 compared to last year. The

current median sold price is 2% higher than in March.

Median sale price is the middle sale price in a given month. The same number

of properties are above & below the median.

Information included in this report is based on data supplied by CVRMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does

not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not

constitute an opinion of CVRMLS or Long & Foster Real Estate, Inc.

0

50

100

150

200

250

300

350

400

450

A-09 A-09 D-09 A-10 A-10 D -10 A-11

0

50,000

100,000

150,000

200,000

250,000

A-09 A-09 D-09 A-10 A-10 D-10 A-11

0

10

20

30

40

50

60

70

80

90

A-09 A-09 D -09 A-10 A-10 D-10 A-11

1,900

2,000

2,100

2,200

2,300

2,400

2,500

A-09 A-09 D-09 A-10 A-10 D-10 A-11

0

50

100

150

200

250

300

350

Units Sold*Sold Detached Sold Attached Sold Condo/ Coop

0

500

1,000

1,500

2,000

2,500

3,000

Act ive Inv entory*Active Detached Active Attached Active Condo/ Coop

A p r - 1 0$202,250 A p r - 1 1

$178,133

0

50,000

100,000

150,000

200,000

250,000

Median Sale Price

8/6/2019 Henrico-County April 2011

2/2

Dow n - 2 2 % Dow n - 2 7 % Do w n - 0 .9 % Up 3 7 %

Month s of Sup ply

New List ings & Cu rr en t Contr acts

Sale Price to List Price Rat io

Days On Mark e t

Focu s On : Hen r ico Cou n ty Hou s in g Mar k e t Ap r il 2011

New Lis t in gs Cu r ren t Con tr acts Sold Vs . Lis t Pr ice Mon th s o f Su p p ly6 4 0 3 7 4 9 6 .3 % 9 .5

Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago

*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Fosters

knowledgeable and experienced sales associates.

Information included in this report is based on data supplied by CVRMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does

not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not

constitute an opinion of CVRMLS or Long & Foster Real Estate, Inc.

In April, there was 9.5 months of supply available in Henrico

County, compared to 6.9 in April 2010. That is an increase of

37% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It

indicates how many months would be needed to sell all of the inventory

available at the current rate of demand.

This month there were 640 homes newly listed for sale in

Henrico County compared to 824 in April 2010, a decrease of

22%. There were 374 current contracts pending sale this April

compared to 509 a year ago. The number of current contracts

is 27% lower than last month.

In April, the average sale price in Henrico County was 96.3%

of the average list price, which is 0.9% lower than at this time

last year.

This month, the average number of days on market was 75,

higher than the average last year, which was 74, an increase

of 1%.

0

100

200

300

400

500

600

700

800

900

A-09 A-09 D-09 A-10 A-10 D -10 A-11

92%

93%

94%

95%

96%

97%

98%

99%

100%

A-09 A-09 D-09 A-10 A-10 D-10 A-11

0

5

10

15

20

A-09 A-09 D -09 A-10 A-10 D-10 A-11

0

100

200

300

400

500

600

A-09 A-09 D-09 A-10 A-10 D-10 A-11

11.3

8.0

6.0 6

.7 7.47.6

7.2

7.0

9.5

17.4

11.6

8.8

6.9

5.76.1

9.5

9.3

11.3

10.7

9.8

8.4

13.3

10.5

9.1 9

.5

0

2

4

6

8

10

12

14

16

18

20

Month s Of Sup ply

0

100

200

300

400

500

600

700

800900

New List ings & Curr ent ContractsNumber of New Listings Total Pending

0

10

20

30

40

50

60

70

80

90

92%

93%

94%

95%

96%

97%

98%

99%

100%

101%

Sale Price/ List Price & DOMAvg Sale / Avg List Average DOM