Market Stats - Area 32 of Henrico County VA

May 13, 2019

 

Last week, I wrote a post on how real estate in Henrico County's Far West End did last year!  As they say, all real estate is local, and within the Richmond Virginia area, there are differences in pricing in our different areas.  Last week, I looked at some neighborhoods in Henrico County's Far West End.  That is our Area 22.  Today, let's look at our Area 32, which will include neighborhoods in what we call the Lakeside area as well as along Chamberlayne Ave. as well as along Laburnum Ave.  

 

When I looked at the Far West End, I had done it by neighborhoods.  However, in this area, it is a little bit of an older area, so it is hard to define neighborhoods as you would do in the Far West End.  So I decided to look at the real estate market in this area by elementary schools.

 

All of Area 32 - 2018

  • # Homes Sold:  494

  • Price Range:  $42,000 to $501,000

  • Average List Price:  $204,670

  • Average Sales Price:  $204,252 (in 2017 - it was $190,705)

  • Average Days on Market:  20

  • Average Seller Concessions:  $2,685

  • Average Size of Home Sold:  1,598 SF (3 bedrooms, 2 baths)

Holladay Elementary School Area - 2018

  • # Homes Sold:  79

  • Price Range:  $125,200 to $400,500

  • Average List Price:  $212,644

  • Average Sales Price:  $213,939 (in 2017 - it was $200,172)

  • Average Days on Market:  20

  • Average Seller Concessions:  $2,655

  • Average Size of Home Sold:  1,632 SF (3 bedrooms, 2 baths)

Glen Lea Elementary School Area - 2018

  • # Homes Sold:  16 

  • Price Range:  $65,000 to $144,000

  • Average List Price:  $112,547

  • Average Sales Price:  $114,555 (in 2017 - it was $86,673)

  • Average Days on Market:  27

  • Average Seller Concessions:  $1,888

  • Average Size of Home Sold:  1,182 SF (3 bedrooms, 1 baths)

Lakeside Elementary School Area - 2018

  • # Homes Sold:  144

  • Price Range:  $110,000 to $501,000

  • Average List Price:  $199,905

  • Average Sales Price:  $200,795 (in 2017 - it was $186,429)

  • Average Days on Market:  17

  • Average Seller Concessions:  $2,095

  • Average Size of Home Sold:  1,355 SF (3 bedrooms, 1 baths)

Chamberlayne Elementary School Area - 2018

  • # Homes Sold:  130

  • Price Range:  $90,000 to $424,000

  • Average List Price:  $216,467

  • Average Sales Price:  $213,746 (in 2017 - it was $203,747)

  • Average Days on Market:  23

  • Average Seller Concessions:  $3,050

  • Average Size of Home Sold:  1,937 SF (3 bedrooms, 2 baths)

Johnson Elementary School Area - 2018

  • # Homes Sold:  26

  • Price Range:  $139,000 to $258,000

  • Average List Price:  $195,387

  • Average Sales Price:  $194,154 (in 2017 - it was $192,424)

  • Average Days on Market:  22

  • Average Seller Concessions:  $2,992

  • Average Size of Home Sold:  1,376 SF (3 bedrooms, 2 baths)

Laburnum Elementary School Area - 2018

  • # Homes Sold:  33

  • Price Range:  $42,000 to $234,900

  • Average List Price:  $155,326

  • Average Sales Price:  $154,440 (in 2017 - it was $144,283)

  • Average Days on Market:  23

  • Average Seller Concessions:  $2,443

  • Average Size of Home Sold:  1,407 SF (3 bedrooms, 2 baths)

Trevvett Elementary School Area - 2018

  • # Homes Sold:  19

  • Price Range:  $165,000 to $386,000

  • Average List Price:  $265,222

  • Average Sales Price:  $264,989 (in 2017 - it was $252,413)

  • Average Days on Market:  30

  • Average Seller Concessions:  $3,653

  • Average Size of Home Sold:  1,883 SF (4 bedrooms, 2 baths)

As you can see, home prices in all areas of Area 32 in Henrico County continue to appreciate.  Sellers are getting almost what they are asking and homes are not sitting on the market long.  If you are a first time home buyer looking to buy a home, you may only get one bite at the apple - sellers are not giving much in the way of concessions, homes are going under contract very quickly and if sellers are not getting asking price, they are getting very close to it.  

 

If you are thinking of buying your first home, why not work with a Realtor who specializes in working with first time home buyers throughout the Richmond area.  I know neighborhoods and I know financing options and I understand that you will have many questions.  I am with you from beginning to end.  Feel free to call me if you have any questions or if I can help!

 

 

 

 

 

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Barbara A. Reagan

ABR, GRI, CRS, SFR

Long & Foster Realtors

2931 Polo Pkwy

Midlothian, VA  23113

Phone:  804-869-1191

Email:  BReagan2@gmail.com

Barbara A. Reagan - Long & Foster Realtors - 2931 Polo Pkwy - Midlothian, VA  23113