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Focus On: Henrico County, Virginia
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact oneof Long & Foster’s knowledgeable and experienced sales associates.Information included in this report is based on data supplied by Terradatum, CVR, and its member Association(s) of REALTORS, who are notresponsible for its accuracy. Does not reflect all activity in the marketplace. “Information contained in this report is deemed reliable but notguaranteed, should be independently verified, and does not constitute an opinion of CVR or Long & Foster Real Estate, Inc.."
Including:
March, 2010
Last March, the median sale price in Henrico County was$169,000. This March, the median sale price was $164,000, adecrease of 3% or $5,000 compared to last year. The currentmedian sold price is 5% lower than in February.
Units SoldActive InventoryMedian Sale Price
Median sale price is the middle sale price in a given month. The samenumber of properties are above & below the median.
Up 24%Up 8%Down -3%Up 17%
Vs. Year AgoVs. Year AgoVs. Year AgoVs. Year Ago
Units SoldActive InventoryMedian Sale PriceDays On Market
75$164,0002,538259
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100
200
300
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500
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08 M
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10100,000
120,000
140,000
160,000
180,000
200,000
220,000
240,000
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08 M
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08 S
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08 J
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09 M
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10
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60
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100
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101,000
1,500
2,000
2,500
3,000
3,500
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08 M
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08 S
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08 J
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09 M
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10
-50100150200250300350400
Units Sold*
Sold DetachedSold AttachedSold Condo/ Coop
-5001,0001,5002,0002,5003,0003,500
Active Inventory*
Active DetachedActive AttachedActive Condo/ Coop
Mar-09$169,000Mar-10$164,000
100,000110,000120,000130,000140,000150,000160,000170,000180,000
Median Sale Price
There was an increase in total units sold in March, with 259sold this month in Henrico County versus 189 last month, anincrease of 37%. This month's total units sold was higher thanat this time last year, an increase of 24% versus March, 2009.The current month's total is lower than the twelve monthaverage of 285.Versus last year, the total number of homes available thismonth is higher by 189 units or 8%. The total number of active inventory this March was 2,538 compared to 2,349 inMarch, 2009. This month's total of 2,538 is higher than theprevious month's total supply of available inventory of 2,396,an increase of 6%.
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