Monday, October 31, 2011
Real Buyers in Richmond? Q3's Latest Metrics
See this latest chart during the 3rd quarter of Real Buyers (a.k.a. closed sales) in the Greater Richmond Metro Area. You can see from the chart that the greatest number of sales were in the $150-225k price band. Contrary to many news reports, you can see that we're actually selling quite a few houses in the area. In fact, I'm running into Highest and Best on about 50% of my transactions right now - a nice October bump in business! Will it hold, we'll find out next month, but I'm optimistic given the historic low interest rate environment!
Once October closes, then I'll be charting Henrico vs. Chesterfield in the battle of North vs. South of the River for that individual month!
P.S. - Trick or treat, can you believe that I actually closed a $400,000 cash sale today on a horse farm out in Montpelier? I'm still trying to figure that one out, but it'll serve as quite a tasty Halloween treat!