Here’s a look at the real estate market for Henrico County and Chesterfield County for August 2018. Chesterfield County is seeing sales increase when compared to this time last year. Henrico County is noticing a decrease in the median sale price once again this month. Let’s take a closer look at this month’s statistics for the real estate market in these counties.
- 📊 Chesterfield County Stats
- 💵 What does this mean for Chesterfield County buyers?
- 💰 What does this mean for Chesterfield County sellers?
- 📈 Henrico County Stats
- 💲 What does this mean for Henrico County buyers?
- 💰 What does this mean for Henrico County sellers?
- 🏡 Chesterfield County Homes for Sale
- 🏘 Henrico County Homes for Sale
📊 Chesterfield County Stats
Let’s look at some of the more prominent statistics from the Chesterfield County real estate market. There were 703 homes sold during the month of July. This number is up 14 percent from this time last year, but it shows a decrease from the 716 homes sold last month.
Chesterfield County’s median sale price for July was $261,625, which is an increase of 2 percent from the median sale price of $267,000 in July of 2017. Active inventory as we began August was at 1,394. This number shows a decrease of 14 percent from the 1,612 seen in July of 2017. Last month, there were 1,407 active listings.
💵 What does this mean for Chesterfield County buyers?
We saw 793 new listings come on the market during the month of July. When compared to this time last year, we’re seeing around the same number. When it comes to pending sales, we recorded 603 for July, which is up 5 percent from last year’s 573 for this month. We began August with a 2 months supply of real estate inventory. This number is slightly higher than last month but is still down 24 percent from this time last year. For a market to be considered balanced, there must be a 6 months supply. This time last year, Chesterfield County has a 2.6 months supply.
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💰 What does this mean for Chesterfield County sellers?
Chesterfield County market trends are showing that sellers are typically receiving 99.4 percent of their listing price. If you’re thinking it’s time to sell your Chesterfield County Home, take a look at how much your home is worth. This will give you a general idea of your home’s value as you begin considering the listing price. Give us a call to get a comprehensive report that considers other factors such as market trends, other homes being sold in the area, and any upgrades made to your property. The average days on the market for this area is currently 29 days. Homes are selling faster than this time last year when the average was 33 days.
📈 Henrico County Stats
Let’s analyze some of the statistics and market trends for this month in Henrico County. There were 483 properties sold in the month of July. That’s a noticeable decrease from the 578 sold last month. When compared to last year’s numbers, we see a decrease of 3 percent.
Henrico County’s median sale price for July was $257,500. The comparison year-over-year shows that the price is similar to the $257,662 in June of 2017. Active inventory as we ended the month of July was at 925. This number shows a decrease of just 3 percent from the 958 seen in July of 2017. However, it does show an increase of 2 percent from last month.
💲 What does this mean for Henrico County buyers?
There is currently a 1.9 months supply of real estate inventory. This number is slightly higher than the supply for last month, but it remains consistent with numbers recorded in July 2017. There were 575 new listings in July, which is an increase of 5 percent from last year’s 547. It’s a good idea to sign up for access to the latest homes to hit the market. Getting an email alert when a new home is on the market saves you time and gives you an advantage over those relying on traditional methods of searching for a home.
💰 What does this mean for Henrico County sellers?
Henrico County trends are showing that sellers are receiving 100.2 percent of their listing price. That percentage is 0.9 percent higher this year than in July of 2017. The average number of days a home is on the market is averaging 20. That’s a decrease of 26 percent from the 27 days recorded last year at this time. If you’re ready to put your home on the market, you’ll want to contact an amazing real estate agent to help create a successful marketing plan. We can help you set the right asking price that gets the attention of potential buyers.
🏡 Chesterfield County Homes for Sale
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