Chesterfield County VA Final PDF

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Focus On: Chesterfield County, Virginia
Including:

March, 2010
Days On Market
76
100  80  60  40  20  ‐

Units Sold
315
600  500  400  300  200  100  ‐ J‐08 M‐08 S‐08 J‐09 M‐09 S‐09 J‐10

Active Inventory
3,824
4,500  4,000  3,500  3,000  2,500  2,000  1,500  1,000  J‐08 M‐08 S‐08 J‐09 M‐09 S‐09 J‐10

Median Sale Price
$181,000
240,000  220,000  200,000  180,000  160,000  140,000  120,000  100,000  J‐08 M‐08 S‐08 J‐09 M‐09 S‐09 J‐10

J‐08 M‐08 S‐08 J‐09 M‐09 S‐09 J‐10

Up 1%
Vs. Ye ar A go

Up 10%
Vs. Ye ar A go

Do wn -2%
Vs. Ye ar A go

Do wn -7%
Vs. Ye ar A go

Units Sold*
500 450 400 350 300 250 200 150 100 50 Sold Detached Sold Attached Sold Condo/ Coop

Units Sold
The re was an inc re ase in total units sold in Marc h, with 315 sold this m onth in Che ste rfie ld County ve rsus 248 last m onth, an inc re ase of 27%. This m onth's total units sold was highe r than at this tim e last ye ar, an inc re ase of 1% ve rsus Marc h, 2009. The c urre nt m onth's total is lowe r than the twe lve m onth ave rage of 374.

Active Inventory*
5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 Active Detached Active Attached Active Condo/ Coop

Active Inventory
Ve rsus last ye ar, the total num be r of hom e s available this m onth is highe r by 349 units or 10%. The total num be r of ac tive inve ntory this Marc h was 3,824 c om pare d to 3,475 in Marc h, 2009. This m onth's total of 3,824 is highe r than the pre vious m onth's total supply of available inve ntory of 3,537, an inc re ase of 8%.

Median Sale Price
190,000 180,000 170,000 160,000 150,000 140,000 130,000 120,000 110,000 100,000

Mar-09 $185,000

Mar-10 $181,000

Median Sale Price
Last Marc h, the m e dian sale pric e in Che ste rfie ld County was $185,000. This Marc h, the m e dian sale pric e was $181,000, a de c re ase of 2% or $4,000 c om pare d to last ye ar. The c urre nt m e dian sold pric e is 3% highe r than in Fe bruary.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one
of 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 not responsible for its accuracy. Does not reflect all activity in the marketplace. “Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of CVR or Long & Foster Real Estate, Inc.."

Focus On: Chesterfield County, Virginia
Including:

March, 2010
Months of Supply
12.1
20  15  10  5  ‐

New Lis tings
1,263
1,400  1,200  1,000  800  600  400  200  ‐ J‐08 M‐08 S‐08 J‐09 M‐09 S‐09 J‐10

Current Contracts
542
600  500  400  300  200  100  ‐ J‐08 M‐08 S‐08 J‐09 M‐09 S‐09 J‐10

Sold Vs . Lis t Price
97.7%
99% 98% 98% 97% 97% 96% 96% 95% 95% 94% Jan‐08 Jul‐08 Jan‐09 Jul‐09 Jan‐10

Jan‐08

Jul‐08

Jan‐09

Jul‐09

Jan‐10

Up 23%
Vs. Ye ar A go

Up 59%
Vs. Ye ar A go

Up 1.1%
Vs. Ye ar A go

Up 9%
Vs. Ye ar A go

Months Of Supply
18 16 14 12 10 8 6 4 2 14.6 14.5 15.3 13.8 14.3 13.0 12.4 12.2 11.8 11.2 12.1

8.6

7.5

7.6

8.6

In Marc h, the re was 12.1 m onths of supply available in Che ste rfie ld County, c om pare d to 11.2 in Marc h, 2009. That is an inc re ase of 9% ve rsus a ye ar ago.
Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

Months Of Supply

10.4

10.4

9.2

9.1

9.4

10.1

9.0

9.1

8.9

8.7

9.0

10.1

New Listings & Current Contracts
1,400
Number of New Listings Current Contracts

New Listings & Current Contracts
This m onth the re we re 1,263 hom e s ne wly liste d for sale in Che ste rfie ld County c om pare d to 1,031 in Marc h, 2009, an inc re ase of 23%. The re we re 542 c urre nt c ontrac ts pe nding sale this Marc h c om pare d to 340 a ye ar ago. The num be r of c urre nt c ontrac ts is 64% highe r than last m onth.

1,200 1,000 800 600 400 200 -

Sale Price/ List Price & DOM
99% 98% 98% 97% 97% 96% 96% 95% 95% 94% Avg Sale / Avg List Average DOM 90 80 70 60 50 40 30 20 10 -

Sale Price to List Price Ratio
In Marc h, the ave rage sale pric e in Che ste rfie ld County was 97.7% pe rc e nt of the ave rage list pric e , whic h is 1.1% highe r than at this tim e last ye ar.

Days On Market
This m onth, the ave rage num be r of days on m arke t was 76, lowe r than the ave rage last ye ar, whic h was 82, a de c re ase of 7%.

*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one
of 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 not responsible for its accuracy. Does not reflect all activity in the marketplace. “Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of CVR or Long & Foster Real Estate, Inc.."

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