Fan & Museum District home sales holding up
Brick’s Blog has a summary of Richmond real estate conditions. Overall, the Fan and Museum District looked very strong for the month (last month’s numbers in parentheses)… Average Sales Price in February $ 666,865 ($399,791) Median Sales Price …………… $ 480,000 (312,000) Sales Price/List Price Ratio …….. 95.1 % (98.4) Days on Market …………………….. 69 (70) Average $ per square foot […]
Brick’s Blog has a summary of Richmond real estate conditions. Overall, the Fan and Museum District looked very strong for the month (last month’s numbers in parentheses)…
Average Sales Price in February $ 666,865 ($399,791)
Median Sales Price …………… $ 480,000 (312,000)
Sales Price/List Price Ratio …….. 95.1 % (98.4)
Days on Market …………………….. 69 (70)
Average $ per square foot ……….$ 230.35 ($197.04)
The data is slightly skewed due to a >$2 MM home sale in the area. However, the median sales price, average price per square foot, and days on market look good and shouldn’t be affected by the skewed data.
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