Thursday, October 27, 2011
Q3 - Richmond Marketing Report
Its been quite a while since my last post, mostly because its been a very busy and exceptional year for me as I've established my team (see the photo of The Wright Choice Richmond Realty Group to the left) and dived much deeper into REO listings.
That being said, I do plan on being a regular contributor going forward and thanks to Ralph Maggiore and Mary Anne Beauty for pushing me to continue to contribute!
I attended a Luxury Home Marketing class put on by Laurie Moore-Moore of the Institute for Luxury Home Marketing in September at the Keller Williams Midlothian office. As part of that class, they discussed various report possibilities to understand the market at various price level bands. So, I've decided to implement this into my blog - I will be providing a quarterly report for the entire market and then additional monthly reports on various micro segments. The photo to the right is a chart showing the expireds versus the current listings in the area.
Any way, this shows the challenges our market is currently facing, especially in the higher price bands.
Thanks so much for keeping in touch and I look forward to tomorrow's post with another of the charts showing the Richmond-Area market real estate data for Q3. Next week, we'll have various charts showing Chesterfield vs Henrico October realty data.