The document analyzes the real estate market in Greater Richmond from 2010 to 2012. It finds that the number of single family home sales increased by 18.7% between 2010 and 2012, with the greatest increase occurring at higher price points. Inventory levels are below normal in most of the region. Home prices rose overall in this period, with the greatest increases in the city of Richmond and higher price points.
This is a description of the National Real Estate Market as well as the Richmond VA real estate market. The local real estate market has been improving for three straight years.
Keep up-to-date- on the real estate market in Richmond, VA. Lacy Williams, REALTOR in Richmond presents data to show what's really going on in the real estate market.
The document provides an overview of the national and Richmond, VA housing markets in October 2013. It includes the following:
- The national housing market has been in sustained recovery since 2011 with rising home sales, stabilizing prices, and declining inventory.
- The Richmond housing market has also seen rising home sales, with 2013 quarterly sales higher than previous years.
- Inventory levels have dropped significantly since 2010 in both the national and Richmond markets.
This document contains slides from a presentation by Lacy Williams of Joyner Fine Properties on the Greater Richmond real estate market. The slides provide information on national economic data, the national housing market, and the Richmond area housing market. Key points covered include sluggish US and Virginia economic growth, declining homeownership rates, low housing inventory nationally, and inadequate new home construction starts. National consumer confidence and small business optimism increased significantly following the 2016 US election.
This document provides a summary of the national and local real estate markets in December 2013. It includes graphs and analysis of national housing indicators such as home prices, sales, inventory and distressed properties showing the market has stabilized and is recovering. The local Richmond, VA market summary shows an increase in home sales, prices and declining inventory over the past two years, indicating the local market is also improving from the downturn. Overall, the national and local housing markets are recovering from the recession of 2006-2012.
This document is a slide presentation by Lacy Williams of Joyner Fine Properties on the Greater Richmond real estate market and national housing market trends. It provides background on the data sources used and then analyzes national economic data, including job growth, employment rates, household formation, homeownership rates, and inventory levels. It also examines interest rates and projections for 2015. Overall, it finds that while the national housing market has improved since the recession, full recovery is still needed, and interest rate increases in 2015 could impact affordability.
This is a description of the National Real Estate Market as well as the Richmond VA real estate market. The local real estate market has been improving for three straight years.
Keep up-to-date- on the real estate market in Richmond, VA. Lacy Williams, REALTOR in Richmond presents data to show what's really going on in the real estate market.
The document provides an overview of the national and Richmond, VA housing markets in October 2013. It includes the following:
- The national housing market has been in sustained recovery since 2011 with rising home sales, stabilizing prices, and declining inventory.
- The Richmond housing market has also seen rising home sales, with 2013 quarterly sales higher than previous years.
- Inventory levels have dropped significantly since 2010 in both the national and Richmond markets.
This document contains slides from a presentation by Lacy Williams of Joyner Fine Properties on the Greater Richmond real estate market. The slides provide information on national economic data, the national housing market, and the Richmond area housing market. Key points covered include sluggish US and Virginia economic growth, declining homeownership rates, low housing inventory nationally, and inadequate new home construction starts. National consumer confidence and small business optimism increased significantly following the 2016 US election.
This document provides a summary of the national and local real estate markets in December 2013. It includes graphs and analysis of national housing indicators such as home prices, sales, inventory and distressed properties showing the market has stabilized and is recovering. The local Richmond, VA market summary shows an increase in home sales, prices and declining inventory over the past two years, indicating the local market is also improving from the downturn. Overall, the national and local housing markets are recovering from the recession of 2006-2012.
This document is a slide presentation by Lacy Williams of Joyner Fine Properties on the Greater Richmond real estate market and national housing market trends. It provides background on the data sources used and then analyzes national economic data, including job growth, employment rates, household formation, homeownership rates, and inventory levels. It also examines interest rates and projections for 2015. Overall, it finds that while the national housing market has improved since the recession, full recovery is still needed, and interest rate increases in 2015 could impact affordability.
This document provides an overview of the national and Richmond, VA housing markets. For the national market, pending home sales, inventory levels, home prices, and forecasts are presented showing an improving market. The Richmond market summary shows that after declines from 2005-2010, the number of single family home sales has increased each year since 2011. Sales for 2012 are up from 2011 levels. Condominium sales have also risen since 2011. Overall, the data indicates the local housing market is recovering.
This document is a slide presentation by Lacy Williams of Joyner Fine Properties analyzing the real estate market in Richmond, Virginia and nationally. It provides data and graphs on economic indicators, housing inventory levels, home sales, prices and mortgage rates from 2008 to the present. It shows that while the national market has recovered since the recession, inventory remains low leading to further price increases in many areas including Richmond.
This document contains slides from a presentation on the Greater Richmond real estate market given by Lacy Williams of Joyner Fine Properties in April 2017. The slides provide information on national economic data, the national housing market, and prices and inventory in the Greater Richmond area using data from January to April 2017. Key graphs show trends in employment rates, GDP growth, homeownership rates, housing inventory levels, and home price appreciation at the national and state levels.
This is a description of the national and Richmond VA real estate market produced by Lacy Williams of Joyner Fine Properties. Contact Lacy at 804-864-0316 for all of you real estate needs.
This report describes the national and local Greater Richmond real estate market. Please contact Lacy Williams at 804-864-0316 for additional information
Annie Williams Real Estate Report - May 2020Jon Weaver
Home sales in San Francisco significantly declined in April 2020 compared to the previous year due to the Covid-19 pandemic. Sales of single-family homes dropped 55.3% and condo/townhome sales declined 65%. Meanwhile, average home prices set new records with the median single-family home price up 5.4% and median condo price rising 5.3% from the previous year. Inventory levels also fell substantially. The housing market is expected to continue struggling over the next few months due to economic uncertainties caused by the pandemic.
The Sarasota real estate market continues its strong performance in June 2011. Home sales exceeded 700 for the fourth month in a year, with 510 single family homes and 218 condo sales. The median home price hit its highest point since last June at $175,000. Total property inventory dropped to its lowest level in over a decade. The low inventory and high demand are increasing competition and driving prices higher.
Annie Williams Real Estate Report - November 2019Jon Weaver
Sales prices for condos/townhomes set a new high for the second month in a row. The median sales price for condos/townhomes was up 12.8% year-over-year. It was up 3.8% from September. The average sales price for attached homes gained 10.6% year-over-year. It was up 2.7% from September.
Annie Williams Real Estate Report - April 2020Jon Weaver
Sales of single-family, re-sale homes fell in March compared to last year. I think we all expected this amidst the Covid-19 pandemic. Home sales were down 8.7%. There were 157 homes sold in San Francisco last month. The average since 2000 is 214.
National Residential Real Estate Market - January 2019 updateScott Rodgers
Slide deck showing residential real estate market data. This is for the United States real estate market and was created in January 2019. If you have questions, feel free to reach out at http://www.ThePeak.com
Annie Williams Market Trends June/July 2014Jon Weaver
This document summarizes real estate market trends in San Francisco for May 2014. It finds that while home prices were flat, condo prices rose to new highs. Home sales fell 6.1% year-over-year while condo sales dropped 21.7%. The sales to list price ratio remained over 100% for both property types. The document also provides statistics on mortgage rates, foreclosures, and sales momentum to give an overview of the challenging local real estate market for buyers.
Annie Williams Real Estate Report - November 2020Jon Weaver
Home Sales Continue to Rise
Sales of single-family, re-sale homes rose again in October, gaining 10.5% year-over-year. They were up 22% from September. There were 283 homes sold in San Francisco last month. The average since 2000 is 214. Year-to-date, home sales are down 7.2%. Condo sales are down 14.4%.
The document discusses trends in the US housing market. It provides data on pending home sales, home prices, inventory levels, mortgage rates, distressed sales, and foreclosures over recent years. The data shows signs that the housing market has stabilized and prices are rising in most areas. The document also discusses Americans' optimism about homeownership and reasons why people choose to buy homes.
The document analyzes the real estate market in Greater Richmond from 2010 to 2012. It finds that the number of single family home sales increased by 18.7% between 2010 and 2012, with the greatest increase occurring at higher price points. Inventory levels are below normal in most areas. Home prices rose overall in this period, with the greatest increases in the city of Richmond and at higher price points.
El documento presenta una selección del cómic "El Príncipe Ceniciento" que trata sobre cómo las personas imaginan el fin del mundo, con escenarios apocalípticos que van desde desastres naturales hasta guerras nucleares.
Richmond VA Real Estate Market January 2016Lacy Williams
This document is a slide presentation by Lacy Williams of Joyner Fine Properties analyzing the real estate market in Richmond, Virginia and nationally. It provides data and graphs on economic indicators, housing inventory levels, home sales, prices and mortgage rates from 2008 to the present. It shows that while the national market has recovered since the recession, inventory remains low leading to further price increases in many areas including Richmond.
Richmond Virginia Real Estate Market Report January 2015Lacy Williams
This document provides a summary of the national and Greater Richmond real estate markets in January 2015. It includes graphs and data on national economic indicators, jobs, homeownership rates, inventory levels, prices, and sales trends. For the national market, it shows improvements in jobs gained since the recession but notes more recovery is still needed. Inventory levels are decreasing while prices and sales are rising across most price points. In the Greater Richmond market, it highlights that sales are up significantly compared to previous years as a positive indicator for the local market.
The document summarizes the key findings of the 2015 State of Buzzards Bay report. It finds that the overall state of the bay score has remained unchanged at 45 out of 100 since 2011, reflecting an encouraging pause in the decline of nitrogen pollution indicators after years of improvement. Specifically:
- The nitrogen pollution indicator score was unchanged at 53, suggesting efforts to reduce sources of nitrogen are containing further declines.
- Bacteria and toxics scores were also unchanged at 62 and 52 respectively, as improvements in these areas have leveled off.
- Scores for watershed health factors like forests, streams, and wetlands remained stable, showing ongoing protection of these important habitats.
This document provides an overview of the national and Richmond, VA housing markets. For the national market, pending home sales, inventory levels, home prices, and forecasts are presented showing an improving market. The Richmond market summary shows that after declines from 2005-2010, the number of single family home sales has increased each year since 2011. Sales for 2012 are up from 2011 levels. Condominium sales have also risen since 2011. Overall, the data indicates the local housing market is recovering.
This document is a slide presentation by Lacy Williams of Joyner Fine Properties analyzing the real estate market in Richmond, Virginia and nationally. It provides data and graphs on economic indicators, housing inventory levels, home sales, prices and mortgage rates from 2008 to the present. It shows that while the national market has recovered since the recession, inventory remains low leading to further price increases in many areas including Richmond.
This document contains slides from a presentation on the Greater Richmond real estate market given by Lacy Williams of Joyner Fine Properties in April 2017. The slides provide information on national economic data, the national housing market, and prices and inventory in the Greater Richmond area using data from January to April 2017. Key graphs show trends in employment rates, GDP growth, homeownership rates, housing inventory levels, and home price appreciation at the national and state levels.
This is a description of the national and Richmond VA real estate market produced by Lacy Williams of Joyner Fine Properties. Contact Lacy at 804-864-0316 for all of you real estate needs.
This report describes the national and local Greater Richmond real estate market. Please contact Lacy Williams at 804-864-0316 for additional information
Annie Williams Real Estate Report - May 2020Jon Weaver
Home sales in San Francisco significantly declined in April 2020 compared to the previous year due to the Covid-19 pandemic. Sales of single-family homes dropped 55.3% and condo/townhome sales declined 65%. Meanwhile, average home prices set new records with the median single-family home price up 5.4% and median condo price rising 5.3% from the previous year. Inventory levels also fell substantially. The housing market is expected to continue struggling over the next few months due to economic uncertainties caused by the pandemic.
The Sarasota real estate market continues its strong performance in June 2011. Home sales exceeded 700 for the fourth month in a year, with 510 single family homes and 218 condo sales. The median home price hit its highest point since last June at $175,000. Total property inventory dropped to its lowest level in over a decade. The low inventory and high demand are increasing competition and driving prices higher.
Annie Williams Real Estate Report - November 2019Jon Weaver
Sales prices for condos/townhomes set a new high for the second month in a row. The median sales price for condos/townhomes was up 12.8% year-over-year. It was up 3.8% from September. The average sales price for attached homes gained 10.6% year-over-year. It was up 2.7% from September.
Annie Williams Real Estate Report - April 2020Jon Weaver
Sales of single-family, re-sale homes fell in March compared to last year. I think we all expected this amidst the Covid-19 pandemic. Home sales were down 8.7%. There were 157 homes sold in San Francisco last month. The average since 2000 is 214.
National Residential Real Estate Market - January 2019 updateScott Rodgers
Slide deck showing residential real estate market data. This is for the United States real estate market and was created in January 2019. If you have questions, feel free to reach out at http://www.ThePeak.com
Annie Williams Market Trends June/July 2014Jon Weaver
This document summarizes real estate market trends in San Francisco for May 2014. It finds that while home prices were flat, condo prices rose to new highs. Home sales fell 6.1% year-over-year while condo sales dropped 21.7%. The sales to list price ratio remained over 100% for both property types. The document also provides statistics on mortgage rates, foreclosures, and sales momentum to give an overview of the challenging local real estate market for buyers.
Annie Williams Real Estate Report - November 2020Jon Weaver
Home Sales Continue to Rise
Sales of single-family, re-sale homes rose again in October, gaining 10.5% year-over-year. They were up 22% from September. There were 283 homes sold in San Francisco last month. The average since 2000 is 214. Year-to-date, home sales are down 7.2%. Condo sales are down 14.4%.
The document discusses trends in the US housing market. It provides data on pending home sales, home prices, inventory levels, mortgage rates, distressed sales, and foreclosures over recent years. The data shows signs that the housing market has stabilized and prices are rising in most areas. The document also discusses Americans' optimism about homeownership and reasons why people choose to buy homes.
The document analyzes the real estate market in Greater Richmond from 2010 to 2012. It finds that the number of single family home sales increased by 18.7% between 2010 and 2012, with the greatest increase occurring at higher price points. Inventory levels are below normal in most areas. Home prices rose overall in this period, with the greatest increases in the city of Richmond and at higher price points.
El documento presenta una selección del cómic "El Príncipe Ceniciento" que trata sobre cómo las personas imaginan el fin del mundo, con escenarios apocalípticos que van desde desastres naturales hasta guerras nucleares.
Richmond VA Real Estate Market January 2016Lacy Williams
This document is a slide presentation by Lacy Williams of Joyner Fine Properties analyzing the real estate market in Richmond, Virginia and nationally. It provides data and graphs on economic indicators, housing inventory levels, home sales, prices and mortgage rates from 2008 to the present. It shows that while the national market has recovered since the recession, inventory remains low leading to further price increases in many areas including Richmond.
Richmond Virginia Real Estate Market Report January 2015Lacy Williams
This document provides a summary of the national and Greater Richmond real estate markets in January 2015. It includes graphs and data on national economic indicators, jobs, homeownership rates, inventory levels, prices, and sales trends. For the national market, it shows improvements in jobs gained since the recession but notes more recovery is still needed. Inventory levels are decreasing while prices and sales are rising across most price points. In the Greater Richmond market, it highlights that sales are up significantly compared to previous years as a positive indicator for the local market.
The document summarizes the key findings of the 2015 State of Buzzards Bay report. It finds that the overall state of the bay score has remained unchanged at 45 out of 100 since 2011, reflecting an encouraging pause in the decline of nitrogen pollution indicators after years of improvement. Specifically:
- The nitrogen pollution indicator score was unchanged at 53, suggesting efforts to reduce sources of nitrogen are containing further declines.
- Bacteria and toxics scores were also unchanged at 62 and 52 respectively, as improvements in these areas have leveled off.
- Scores for watershed health factors like forests, streams, and wetlands remained stable, showing ongoing protection of these important habitats.
Presentación del geólogo Julio Fierro Morales en el Foro "Minería en Colombia: locomotora fuera de control", realizado en la Universidad Nacional de Colombia el 8 de abril de 2011, en el marco del II Encuentro Nacional de la Red Frente a la Gran Minería, RECLAME.
1) O documento apresenta uma disciplina de Contabilidade Gerencial no Curso Técnico em Vendas da Univates.
2) A disciplina abordará conceitos básicos de contabilidade aplicados à administração do patrimônio de empresas, sem focar em legislação fiscal ou tributária.
3) As aulas serão teóricas e práticas, com exercícios individuais e em grupo, e a avaliação considerará o desempenho e envolvimento dos alunos ao longo do semestre.
Este documento presenta una estrategia de búsqueda de recursos educativos abiertos para la asignatura de estadística 1. Se identifica la necesidad de encontrar recursos más fáciles de acceder y con contenido mejor planteado. La estrategia propuesta sigue las 4R's: reutilizar, revisar, remezclar y redistribuir los recursos encontrados. Se identifican varias fuentes como portales académicos y sitios de presentaciones y documentos. Finalmente, se propone una evaluación del recurso de búsqueda para mejor
Amal Raj T. is seeking a career as a high-level CAE Engineer with over 3 years of experience in meshing and analyzing automotive components. He has expertise in developing finite element models using Hypermesh and solving them in LS-Dyna and Abaqus. Some of his projects include seating system simulations for crash tests and building full vehicle models for frontal crash analysis. He is responsible for project management, meshing, setup, solving, reporting, and guiding team members.
1) O balanço patrimonial e as demonstrações financeiras do Prof. Moizés Ferreira Borba apresentaram aumentos no ativo total, patrimônio líquido e lucro líquido entre 31/12/X1 e 31/12/X2.
2) Os principais investimentos realizados foram na aquisição de novos investimentos e imobilizado.
3) As fontes de recursos incluíram lucros, aumento de capital e empréstimos, enquanto as aplicações incluíram investimentos, pagamento de empréstimos e distribuição de
El aprendizaje colaborativo es un enfoque educativo en el que los estudiantes se ayudan mutuamente a través de actividades grupales. Esto mejora el aprendizaje individual y de los compañeros mediante el intercambio de información. Algunas ventajas son que aumenta la autoestima, promueve una competencia sana, enseña a criticar ideas y no personas, potencia la empatía y mejora las habilidades de comunicación. Para que funcione bien se requiere interdependencia positiva, conciencia de las responsabilidades individuales y
O documento fornece informações sobre um site que disponibiliza exames resolvidos e explicações acadêmicas gratuitamente. O site encoraja a cópia e distribuição dos materiais sob certas condições. Também solicita a contribuição de novos exames, enunciados e explicações por parte dos usuários.
O documento deseja boas vibrações para a saúde, paz na casa, harmonia na família, progresso no trabalho, solução para problemas menores, prosperidade financeira, grande amor na vida sentimental, tranquilidade para as preocupações e fé para quem se sente abandonado.
Este documento presenta un ejercicio para practicar los formatos de texto. El objetivo es formatear un texto dado de manera que se parezca lo más posible a una imagen de ejemplo, aplicando diferentes formatos como fuentes, tamaños, estilos, colores y orientaciones a las palabras y frases. Se proveen instrucciones sobre cómo aplicar formatos usando el menú Caracteres, la barra de objetos de texto o combinaciones de teclas.
The document is a scanned receipt from a grocery store purchase on June 15th, 2022 totaling $58.37. It lists items bought including ground beef, chicken breasts, tortillas, cheese, and produce such as tomatoes, lettuce, and onions. The receipt shows the item prices, taxes, and total amount paid.
O documento descreve o funcionamento das contas de uma mutualidade de saúde. As contas permitem registrar operações financeiras de forma a caracterizar sua origem, destino e montante. Isto é feito usando o princípio da partida dupla, onde cada operação afeta pelo menos duas contas. O documento também explica o plano contábil, que organiza as contas em classes e fornece códigos para identificá-las.
Este documento presenta orientaciones generales para la educación en tecnología en Colombia. Explica que la tecnología busca resolver problemas y satisfacer necesidades mediante el uso creativo de recursos y conocimientos. Define la tecnología como un campo interdisciplinario que incluye artefactos, procesos, sistemas e información. Además, destaca la relación entre tecnología, ciencia, diseño e innovación y la importancia de desarrollar competencias tecnológicas para mejorar la competitividad del país. El documento concluye presentando
Richmond Virginia Real Estate Market Report January 15Lacy Williams
This document provides a summary of the national and Greater Richmond real estate markets in January 2015. It includes graphs and analysis on topics like the national economy, jobs, home sales, prices, inventory, distressed sales, and mortgage rates. For the national market, it shows improvements in jobs gained since 2008 but notes more jobs are still needed. Home sales, prices and inventory are trending positively. The Greater Richmond section focuses on rising home sales and notes the local market is improving.
February 19 Greater Richmond Real Estate StatisticsLacy Williams
This is a report on the National economy, the National Real Estate market and the Greater Richmond Real Estate Market produced by Lacy Williams, Associate Broker at Joyner Fine Properties
The document discusses a meeting of realtors where speakers explained the slow housing recovery, noting that recovery depends on one's financial position prior to the crisis. Younger generations are not buying homes as expected due to factors like student debt or preference to live at home. While local markets are improving, with sales and prices up, the national recovery remains uneven and hampered by restrictive lending and high unemployment.
The document discusses the state of the housing market in Southwest California. It notes that home prices have increased 22% year-over-year in June 2013, with median prices reaching their highest levels since 2008. Home sales have remained steady while inventory has risen, alleviating pressure. Distressed home sales now make up a smaller portion of the market. The recovery appears to be continuing but uncertainty remains around employment, the economy, and new state regulations governing foreclosures. The author advocates restoring a tax exemption for senior homeowners to attract more to the region and boost the economy.
The document provides an overview of the US housing market in 2007. It summarizes housing data and home sales trends from various reports between April and July 2007. The key points are that existing home sales were down while new home sales increased, inventories of homes for sale were growing, foreclosures were increasing, and the weak housing market was expected to continue dragging on the broader economy through the end of the year. Home prices were also declining in many markets across the country.
The document summarizes housing market trends in early 2012. It shows that existing home sales remain strong with over 12,500 homes sold daily. Pending home sales and monthly inventory levels are improving. Mortgage rates are near all-time lows and home prices are expected to continue declining in 2012 as the large shadow inventory of distressed homes works through the system, pushing up short sales and foreclosures. However, projections call for a gradual, steady recovery in the housing market supported by job growth and low interest rates.
This document discusses several projections and analyses related to the US housing market in 2012:
1) Several analysts predict the housing market will improve in 2012 compared to 2011, with a stronger second half, citing higher than expected economic data and indicators of increased consumer sentiment.
2) Warren Buffett states that buying single family homes is an attractive investment due to low interest rates and the ability to refinance, and that buying one's own home is a good option if staying in the same place for 5-10 years.
3) The national mortgage settlement will allow banks to proceed with millions of delayed foreclosures, pushing home prices down another 3% but helping the market in the long run by reducing the
Annie Williams Real Estate Report - Dec 2015Jon Weaver
- Housing affordability in California is expected to experience long-term issues due to high home prices, not enough homes being built, and rising rents making it difficult for many to save for a down payment.
- In many California markets, including the San Francisco Bay Area and Southern California, the luxury home market remains active with Asian buyers continuing to fuel demand. However, overall home sales are down while prices continue rising.
- A lack of housing inventory is seen as a key factor sustaining high home prices in San Francisco, with the median home price rising 13% year-over-year and staying over $1 million for most of the past two years.
Janalent Microsoft Economic Forum PresentationJoe Honan
The document provides advice for companies to survive and thrive during an economic recession based on insights from various industry experts. It recommends that companies (1) control costs by eliminating unnecessary expenses, virtualizing systems, and strengthening core operations, (2) invest strategically in growth areas while competitors retrench, (3) focus investments on activities that directly support revenue or savings, and (4) leverage technology and partnerships to expand customer bases and deepen relationships. Implementing these strategies will help companies weather the economic downturn and position them for success as conditions improve.
The document summarizes recent developments in the US housing market. It discusses signs of recovery including lower mortgage rates and inventory. Government programs like the FDIC principal reduction program aim to help troubled homeowners. Jumbo mortgages are becoming more available again after tightening during the financial crisis. The document provides tips for homeowners regarding tax deductions and credits.
The document summarizes key trends in the US housing market in early 2018. It notes that homeownership rates rose for the first time in 13 years in 2017, driven by a shift toward owning rather than renting. Home prices increased by over 5% year-over-year for the 4th consecutive year according to Case-Shiller data. However, inventory remains low nationwide, with months of supply at 3.5 months. Economists expect price growth to moderate in 2018 and disagree on the potential impact of tax reform on housing.
The document summarizes recent developments in the US housing market. It discusses signs of recovery including lower mortgage rates and inventory. Government programs like the FDIC principal reduction program aim to help troubled homeowners. Jumbo mortgages are becoming more available again. The tax filing season brings deductions and credits for homeowners from 2009. Local market conditions vary so buyers and sellers should consult their real estate agent.
The document summarizes recent developments in the US housing market. It discusses signs of recovery including lower mortgage rates and inventory. The government is taking actions like testing principal reduction to help homeowners. Topics covered for buyers, sellers and owners include tax deductions and credits. The local market varies so talking to a real estate agent is advised.
The document summarizes recent developments in the US housing market. It discusses signs of recovery including lower mortgage rates and inventory. The government is taking actions like testing principal reduction to help homeowners. Topics covered for buyers, sellers and owners include tax deductions and credits. The local market varies so talking to a real estate agent is advised.
The document summarizes recent developments in the US housing market. It discusses signs of recovery including lower mortgage rates and inventory. Government programs like the FDIC principal reduction program aim to help troubled homeowners. Jumbo mortgages are becoming more available again after tightening during the financial crisis. The tax deadline is approaching and the document provides tips for homeowner tax deductions and credits.
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing TurkeyListing Turkey
Looking for a new home in Istanbul? Look no further than Avrupa Konutlari Esentepe! Our beautifully designed homes provide the perfect blend of luxury and comfort, making them the perfect choice for anyone looking for a high-quality home in the city.
With a wide range of apartment types available, from 1+1 to 4+1, we have something to suit every need and budget. Each apartment is designed with attention to detail and features spacious and bright living areas, making them the perfect place to relax and unwind after a long day.
One of the things that sets Avrupa Konutlari Esentepe apart from other developments is our focus on creating a community that is both comfortable and convenient. Our homes are surrounded by lush green spaces, perfect for enjoying a peaceful stroll or having a picnic with friends and family. Additionally, our complex includes a variety of social and recreational amenities, such as swimming pools, sports fields, and playgrounds, making it easy for residents to stay active and socialize with their neighbors.
https://listingturkey.com/property/avrupa-konutlari-esentepe/
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
Serviced Apartment Ho Chi Minh For RentalGVRenting
GVRenting is the leading rental real estate company in Vietnam. We help you to find a serviced apartment for rent in Ho Chi Minh & Saigon. Discover our broad range of rental properties in Vietnam.
For more details https://gvrenting.com/
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
Location:
Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
Yeni Eyup 2 offers 1+1, 2+1, and 3+1 apartment options designed to meet different needs. Find an option suitable for every lifestyle and open the doors to a comfortable life in your dream home.
https://listingturkey.com/property/yeni-eyup-evleri-2/
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...knox groups real estate
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1. www.RichmondHousingToday.com
The Greater Richmond Real
Estate Market
Lacy Williams
Joyner Fine Properties
February 2013
Property of Lacy Williams, Joyner Fine Properties 1
2. Quiz www.RichmondHousingToday.com
NUMBER OF SALES:
• What percentage did the number of single family sales
increase between 2010 and 2012?
• Where was the greatest percentage increase in the number
of sales (lower, middle or higher price points)?
INVENTORY:
• What is the inventory (in months) of single family houses in
Greater Richmond today?
• Which price point has the greatest inventory (lower, middle
or higher)?
• Which location (City, Henrico, Hanover, Chesterfield,
Goochland or Powhatan) has the highest inventory? And
the lowest inventory?
• Which MLS area of Richmond has the lowest inventory?
• How many houses are for sale today in Greater Richmond?
Property of Lacy Williams, Joyner Fine Properties 2
3. Quiz www.RichmondHousingToday.com
PRICES:
• What is the average single family sales price in Greater
Richmond in 2012?
• What is the average single family price per square foot
in Greater Richmond in 2012?
• How did single family prices change between 2011 and
2012?
• Which location
(City, Henrico, Hanover, Chesterfield, Goochland or
Powhatan) has the greatest price increases in 2012 for
Single Family? And the larges price drop in 2012?
• Which price point has the greatest percentage price
increase (lower, middle or higher)?
• In which quarter did the market turn?
Property of Lacy Williams, Joyner Fine Properties 3
4. Background www.RichmondHousingToday.com
• This report is designed to provide information on the Richmond VA
housing Market as well as the National Market.
• Graphs in this report on the National Market are obtained from
Keeping Current Matters and from the National Association of
Realtors (NAR). For additional information on Keeping Current
Matters, or to subscribe to this service, please go to
www.KeepingCurrentMatters.com. For additional information on
the National Association of Realtors, go to www.realtor.org.
• The graphs and analysis of the Richmond area are produced by
Joyner Fine Properties using the Central Virginia Regional Multiple
Listing Service (CVRMLS) data. Data was extracted in January 2013
for most of the graphs. The Greater Richmond area is defined as the
city of Richmond and the counties of Henrico, Chesterfield,
Hanover, Goochland and Powhatan.
Property of Lacy Williams, Joyner Fine Properties 4
6. Pending Home Sales www.RichmondHousingToday.com
105
Source: Keeping Current Matters 1/13
100
95
90
85
80
Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
The stimulus tax credit expired in April of 2010. There was a sharp drop in the number of sales after that but the number of
sales has been rising (with monthly fluctuation) since June of 2010 without government intervention. Forecasts are for the
number of sales to continue to increase as the economy improves.
Property of Lacy Williams, Joyner Fine Properties 6 NAR 12/2012
7. Month’s Inventory of Homes for Sale www.RichmondHousingToday.com
10.0
9.0 Source: Keeping Current Matters 1/13
8.0
7.0
6.0 5-6 Months = Normal Market Inventory
5.0
4.0
Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
As the number of sales has gone up, the inventory of available houses for sale has been dropping. The national market is
below a 6 month inventory which is considered to be a normal market. Nationwide, we have a shortage of inventory as we
do in parts of the Greater Richmond area.
Property of Lacy Williams, Joyner Fine Properties 7 NAR 12/2012
8. US Home Prices Y-O-Y Changes
www.RichmondHousingToday.com
Source: Keeping Current Matters 11/12
As shown above, prices have risen during the past year in the Southeast including Virginia. Prices are still declining in the
Mid Atlantic and Northeast.
Property of Lacy Williams, Joyner Fine Properties 8 FHFA 2Q HPI Report
9. S&P Case-Shiller Home Price Indices
www.RichmondHousingToday.com
5.0%
Year-over-Year Change in Prices 4.3%
4.0% 3.6%
3.0%
S&P Case Shiller 12/2012
2.0%
2.0% Source: Keeping Current Matters 1/13
1.1%
1.0% 0.6%
Jan Feb Mar Apr May
0.0%
Jun Jul Aug Sep Oct
-1.0% -0.5%
-2.0% -1.7%
-3.0% -2.5%
-4.0% -3.5%
-3.9%
-5.0%
As shown above, prices have stopped dropping year over year and have shown considerable increases nationwide.
Property of Lacy Williams, Joyner Fine Properties 9
10. Projected % Change in Home Prices
www.RichmondHousingToday.com
Source: Keeping Current Matters 1/13
Source 2013
JP Morgan 9.7%
Barclays 5.5%
Capital Economics 5%
Freddie Mac 2-3%
This slide has 2013 house price projections from 4 major real estate organizations.
Property of Lacy Williams, Joyner Fine Properties 10
11. US Home Prices Next Year www.RichmondHousingToday.com
3.5
3.25
Source: Keeping Current Matters 11/12
3
2.8
2.5
2.44
2
1.5
1
0.5
0
Home Price Expectation Survey National Association of Business WSJ Economic Survey
Economists
Three leading National Groups are forecasting price increases to continue next year.
Property of Lacy Williams, Joyner Fine Properties 11
12. Average Annual Appreciation www.RichmondHousingToday.com
12.0%
10.0% Source: Keeping Current Matters 1/13
10.4%
Home Price Expectation Survey 12/2012
8.0%
6.0%
4.0%
3.6% 3.3%
2.0%
0.0%
-2.0%
-4.0%
-5.7%
-6.0%
Pre-Bubble (1987-1999) Bubble (Q1 2000 - Q2 2006) Bust (Q3 2006 - Q2 2012) Expectations (2013 - 2017)
Before the real estate bubble, prices rose an average of 3.6% per year. And now, prices are expected to return to the pre-
bubble healthy appreciation levels.
Property of Lacy Williams, Joyner Fine Properties 12
13. Mortgage Rates Moving Forward
www.RichmondHousingToday.com
“After reaching record lows in 2012, mortgage rates are
expected to creep up slowly in the year ahead, the
Mortgage Bankers Association predicted.
Rates on the 30-year fixed- Projected Average 30 Year Rate
4.5
4.4
rate mortgage are expected 4.4
to average 3.8% in the 4.3
4.2
fourth quarter of 2012, rising 4.1
4
to 3.9% in the first quarter 3.9
3.9
3.8
of 2013 and eventually rising 3.8
3.7
to an average 4.4% by the 3.6
fourth quarter of next year.” 3.5
2012 4Q 2013 1Q 2013 4Q
Source: Keeping Current Matters 11/12
Property of Lacy Williams, Joyner Fine Properties 13 MarketWatch 10/24/2012
14. The Cost of Waiting a Year www.RichmondHousingToday.com
Source: Keeping Current Matters 11/12
Source: Keeping Current Matters 11/12
Interest
Date Price P&I
Rate
Today $200,000 3.5% $898.09
2013 4Q $204,880 4.4% $1,025.96
Difference in Payment $127.87
With prices rising and the interest rate going up, waiting to buy a house will cost you significantly more. The example above
show that waiting just a year will cost you $127.87 more for a $200,000 house.
Property of Lacy Williams, Joyner Fine Properties 14
15. US Percentage of Distressed Property Sales
www.RichmondHousingToday.com
35%
Source: Keeping Current Matters 11/12
35%
30%
25%
20%
Jan Feb Mar Apr May Jun Jul Aug
24%
Sept
Another positive sign is that the percentage of distressed property sales (including foreclosures and short sales) has been
declining.
Property of Lacy Williams, Joyner Fine Properties 15 NAR 10/2012
16. Highest Foreclosure Inventory
www.RichmondHousingToday.com
Source: Keeping Current Matters 1/13
Some states shown in red still have large backlogs of foreclosures to work through.
Property of Lacy Williams, Joyner Fine Properties 16
17. US Housing Starts www.RichmondHousingToday.com
Source: NAR
Housing starts measure the number of newly constructed homes. The U.S. Population grows by approximately 3 million per
year (though it is estimated to have slowed to 2 million in 2011). Based on population growth and the need to replace some of
the demolished housing units, most economists believe about 1.5 million housing units need to be built each year, which also
happens to be the historical average (shown with the green line).
In recent years, new home construction has been well below the norm contributing to more job losses in the construction
industry. Multifamily units are primarily for rentals and this sector is experiencing a recovery due to rising rents.
Housing starts have risen by 20% so far this year. Falling inventory means that builders need to ramp up production. But many
smaller builders cannot obtain construction loans. Housing starts are forecast to rise 25% in 2012 and by 50% in 2013.
Property of Lacy Williams, Joyner Fine Properties 17
18. Housing Facts
www.RichmondHousingToday.com
Median Home Prices
UP 7.3%
rose in 110 out of 147 MSAs
Existing Distressed
-33%
Home Sales +8.6% Properties
Existing Mortgage
Inventory -24.4% - .86%
Rates
Source: Keeping Current Matters 9/12 NAR 2nd Quarter 2012 vs. 2nd Quarter 2011
Property of Lacy Williams, Joyner Fine Properties 18
19. www.RichmondHousingToday.com
Greater Richmond
Housing Market
Note: All Greater Richmond graphs include the city of
Richmond and the counties of Henrico, Hanover, Chesterfield,
Goochland and Powhatan. All data is taken from the Central
Virginia Regional Multiple List Service (CVRMLS)
Property of Lacy Williams, Joyner Fine Properties 19
20. www.RichmondHousingToday.com
Market Indicator #1:
The Number of Sales is
Up!!!
Property of Lacy Williams, Joyner Fine Properties 20
21. Number of Single Family House Sales by Year
www.RichmondHousingToday.com
Greater Richmond Single Family Sales
Number of Single Family
18000 16450
15262 15533 15074
16000
14000 12737 12644
House Sales
12000 9482 9069 10177
8574 9051
10000
8000
6000
4000
2000
0
2 3 4 5 6 7 8 9 0 1 2
200 200 200 200 200 200 200 200 201 201 201
Year
Source: CVRMLS data 1/6/13
The number of single sales dropped every year from 2005 to 2010. The number of sales in 2010 was approximately half
of the number of sales in 2005. After 5 straight years of declining sales, the number of sales in 2011 was 5.5% higher than
2010 and 2012 sales were 12.5 % higher than 2011 sales. Between 2010 and 2012, sales increased 18.7%.
Property of Lacy Williams, Joyner Fine Properties 21
22. 2011 vs 2012 Single Family Sales By Month
www.RichmondHousingToday.com
2011 vs 2012 Sales By Month
Number of Closed Single
1250
1050
Family Sales
850 2011
650 2012
450
250
ct
ov
l
ug
n
ec
b
n
ay
pt
ar
pr
Ju
Ja
Fe
Ju
O
M
Se
A
N
D
M
A
Month
Property of Lacy Williams, Joyner Fine Properties 22
23. Number of Single Family House Sales by
Month and Year www.RichmondHousingToday.com
Greter Richmond Single Family Sales By Month and Year
2000
Number of Closed Sales
1800
1600
1400 2006
1200
2007
1000
2008
800
2009
600
400
200
0
Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec
Month
Source: CVRMLS data
This graph shows the number of sales by month and year. The number of sales dropped every year from 2006 through 2010. There was
a housing stimulus tax credit that started in the latter half of 2009.
Property of Lacy Williams, Joyner Fine Properties 23
24. Number of Single Family House Sales by
Month and Year www.RichmondHousingToday.com
Greater Richmond Single Family Sales by Month and
Year
1300
1100
Number of Sales
2009
900 2010
700 2011
2012
500
300
Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec
Month Source: CVRMLS data
There was real estate tax credit in the second half on 2009 that ended June 30, 2010. After that sales dropped drastically but they have
been increasing since then.
Property of Lacy Williams, Joyner Fine Properties 24
25. Single Family Sales By Year and Quarter
www.RichmondHousingToday.com
Greater Richmond Single Family First Quarter
Sales by Year
4000
Number of First
3161
Quarter Sales
2892
3000
2088 1903
1612 1786
2000 1487
1000
0
2006 2007 2008 2009 2010 2011 2012
Source: CVRMLS Data 7/15/12
Year
2012 is 6.5% higher than 2011.
Greater Richmond Single Family Second Quarter
Sales in the first quarter of 2012 Sales by Year
were higher than sales for the
4567
Number of Second
past 3 years. And sales in the 5000
3919
Quarter Sales
second quarter were higher than 4000 3013 3040
2910 2622
3000 2533
sales in 2008, 2009, 2010 and
2000
2011 second quarters.. Note that
1000
there was a tax credit stimulus
0
that expired during the second 2006 2007 2008 2009 2010 2011 2012
quarter of 2010 making sales Year
2012 is 15.9% higher than 2011.
then artificially high.
Property of Lacy Williams, Joyner Fine Properties 25
26. Third and Fourth Quarter Sales www.RichmondHousingToday.com
Greater Richmond Single Family Third Quarter Sales
by Year Source: CVRMLS Data 11/26/12
5000
Number of Closed
4111
4000 3421
2526 2692 2772
Sales
3000 2496
1999
2000
1000
0
2006 2007 2008 2009 2010 2011 2012
2012 is 11% higher than 2011. Year Greater Richmond Single Family House Sales in
Fourth Quarter by Year
Sales in the third quarter of 2012 3500 3222
were higher than sales for the
Number of Sales
3000
2362 2357 2347
2500 2123
past 4 years!! 2012 fourth 2000 1707 1847
quarter sales are 10.6% 1500
1000
higher than 2011 fourth 500
quarter sales. Note that 2009 0
2006 2007 2008 2009 2010 2011 2012
had a tax credit during the
Year
fourth quarter.
Property of Lacy Williams, Joyner Fine Properties 26
27. Condominium Sales in Greater Richmond www.RichmondHousingToday.com
Greater Richmond Condominium/Townhouse Sales
Number of Condominium
2500
2035
2000 1761 1757
1382 1416
1500
Sales
1154 1201
1093
1000
500
0
2005 2006 2007 2008 2009 2010 2011 2012
Year
Source: CVRMLS data 1/6/13
In the condominium/townhouse market, after 4 years of dropping sales, 2011 sales (shown in light green) were 10%
higher than 2010 and higher than 2009. And 2012 sales (shown in green) 18% higher than 2011 sales!!!
Property of Lacy Williams, Joyner Fine Properties 27
28. Condominium Sales - First and Second Quarter
www.RichmondHousingToday.com
Greater Richmond First Quarter Condominium
Sales by Year
500
No of First Quarter
428
376
400 310
267 Source: CVRMLS data
Sales
300 242
190 189
200
100
0
2006 2007 2008 2009 2010 2011 2012
Year
2012 sales were 10% higher than 2011 sales.
Greater Richmond Second Quarter Condominium
Sales by Year
The first quarter of 2012 had more
sales than the first quarter of the 800
Condominium
601
No of Closed
previous 3 years. The second quarter 600 529
420 431
Sales
344 389
of 2012 had more sales than 2011 or 400 324
2009 second quarters. There was a 200
tax credit which ended in the second 0
quarter of 2010 so sales were 2006 2007 2008 2009 2010 2011 2012
artificially stimulated. 2012 sales were 13% higher than 2011 sales.
Year Source: CVRMLS data 8/16/12
Property of Lacy Williams, Joyner Fine Properties 28
29. Condominium Sales – Third and Fourth Quarters
www.RichmondHousingToday.com
Greater Richmond Third Quarter Condminium
Sales by Year
800
Number of Sales
578
600 499
393
400
355 345 325 Source: CVRMLS data
219
200
0
2006 2007 2008 2009 2010 2011 2012
Year
2012 salesCVRMLS data 10/1/12
Source: were 21% higher than 2011 sales.
Greater Richmond Condominium and
Townhouse Sales in Fourth Quarter
Third quarter sales in 2012 were
Fourth Quarter Sales
500 424
higher than third quarter sales of the 400 339 338
previous 4 years!!. The fourth quarter 300
288 287
233 225
of 2012 had 18% more sales than the
200
fourth quarter of 2011.
100
2011 sales were 27% higher than 2010 sales. 0
2006 2007 2008 2009 2010 2011 2012
Year
Property of Lacy Williams, Joyner Fine Properties 29
30. Year Over Year Change in Number of Sales
www.RichmondHousingToday.com
Number of Single Family House Sales in Greater Richmond
Price Range 1/11-12/11 1/12-12/12 Change
$0-$250,000 6259 6799 8.63%
$250,001-$500,000 2317 2755 18.90% In the Condominium market,
Year over Year number of sales
$500,001-$750,000 395 470 18.99% by price point have increased in
all price points with dramatic
$750,001-$1,000,000 102 106 3.92% increases in the higher price
$1,000,001+ 30 47 56.67% points..
In the single family market, Number of Condominium/Townhouse Sales in Greater
Year over Year number of Richmond
sales by price point have
increased in all price points Price Range 1/11-12/11 1/12-12/12 Change
with the greatest increase in
the high end market..
$0-$250,000 932 1078 15.67%
$250,001-$500,000 268 300 11.94%
Source: CVRMLS data 1/13/13
$500,001+ 14 39 178.57%
Property of Lacy Williams, Joyner Fine Properties 30
31. www.RichmondHousingToday.com
Market Indicator #2:
Inventory is Down!!!
Property of Lacy Williams, Joyner Fine Properties 31
32. Months Supply’s Impact on Price www.RichmondHousingToday.com
Months Market Pricing
1-4 Sellers Appreciation
5-6 Even The Norm
7+ Buyers Depreciation
Source: Keeping Current Matters 8/10
As shown on the graph, a 7 month or greater supply of houses causes depreciation of prices. We are
currently at a normal market amount of inventory.
Property of Lacy Williams, Joyner Fine Properties 32
33. Inventory of Single Family Houses
by Month in Greater Richmond www.RichmondHousingToday.com
Inventory of single Family Houses By Month
12.0
10.0
Inventory of Houses
8.0
2010
2011
6.0
2012
2013
4.0
2.0
0.0
1 2 3 4 5 6 7 8 9 10 11 12
Month
Source: CVRMLS data
The supply of houses is determined by the number of active listings divided by the monthly sales rate for the past year.
After 2+ years of inventory between 8 and 10 months, inventory began to drop in the later months of 2011 and has
continued to drop in 2012 and 2013. We are following a nationwide trend of declining inventory. In May 2010, there were
7455 houses listed for sale in Greater Richmond and now there are 3640. A normal market is 5-6 months of inventory.
Property of Lacy Williams, Joyner Fine Properties 33
34. Single Family Inventory by Price Range
www.RichmondHousingToday.com
Source: CVRMLS data 1/7/13
Price Range Inventory (Months)
$0-$250,000 4.1
$250,001-$500,000 5.3
$500,001-$750,000 6.0
$750,001-$1,000,000 9.5
$1,000,001+ 12.8
The inventory of houses is lowest at the lower price points. As lower priced houses sell, the Sellers will move up
to higher priced houses and the inventory of higher priced houses should start going down. There are clearly still
challenges for Sellers at the higher price points. However, the number of sales at the higher price points is
increasing.
Property of Lacy Williams, Joyner Fine Properties 34
35. Single Family Inventory by County www.RichmondHousingToday.com
Inventory By County/City
10.0 8.3
7.3
Inventory
8.0
4.3 5.0 4.2 4.3
6.0 3.7
4.0
2.0
0.0
Richmond
Richmond
Henrico
Goochland
Hanover
Chesterfield
Powhatan
City of
All
County
Source: CVRMLS data 1/27/13
The inventory of single family homes in the city of Richmond, Henrico, Hanover and Chesterfield are indicative of a
normal market. Areas that are further out (Goochland, Powhatan) have higher inventories.
Property of Lacy Williams, Joyner Fine Properties 35
36. Inventory of Condominiums www.RichmondHousingToday.com
Inventory of Townhouse/Condominiums by Year
and Month in Greater Richmond
Months of Inventory
12.0
10.0 2010
8.0 2011
6.0
4.0 2012
2.0 2013
0.0
v
n
n
l
c
g
p
r
ar
b
ct
ay
Ju
Ap
No
Ja
Ju
De
Au
Se
Fe
O
M
M
Month
Source: CVRMLS data
The inventory of condominiums (determined by the active listing and the sales rate) began dropping in the second half of
2011 and has continued to drop in 2012. In April 2011, there were 966 active condominium listings in Greater Richmond
and today there are 440.. The inventory in February 2013 is more than 7 months less than in December of 2010.
Property of Lacy Williams, Joyner Fine Properties 36
37. www.RichmondHousingToday.com
Market Indicator #3:
Prices have bottomed out
and are rising!!!
Property of Lacy Williams, Joyner Fine Properties 37
38. Single Family Average Sales Price By Month
www.RichmondHousingToday.com
Average Sales Price By Month
$330,000
Average Sales Price
$310,000
$290,000
$270,000
$250,000
$230,000
$210,000
$190,000
$170,000
$150,000
Jan-06
Jul-06
Jan-07
Jul-07
Jan-08
Jul-08
Jan-09
Jul-09
Jan-10
Jul-10
Jan-11
Jul-11
Jan-12
Jul-12
Month
Source: CVRMLS data 1/13/13
The average sales price in Greater Richmond appears to have hit the bottom and are rising. Note that the spring peak in
prices in 2012 was higher than 2011 and the low points are also higher.
Property of Lacy Williams, Joyner Fine Properties 38
39. Greater Richmond Single Family Price
Per Square Foot by Month www.RichmondHousingToday.com
Average Price Per Square Foot By Month For Closed
House Sales in Greater Richmond
Price Per Square Foot For
$150.00
$140.00
Closed Sales
$130.00
$120.00
$110.00
$100.00
$90.00
$80.00
Jan-06
Jul-06
Jan-07
Jul-07
Jan-08
Jul-08
Jan-09
Jul-09
Jan-10
Jul-10
Jan-11
Jul-11
Jan-12
Jul-12
Source: CVRMLS data 1/13/13 Month
Price per square foot is a good indication of what is really happening. Note that the spring high in 2012 is higher than last
year and the winter low does not seem to be occurring.
Property of Lacy Williams, Joyner Fine Properties 39
40. Average Price Per Square Foot By Year for
Single Family House Sales in Greater Richmond www.RichmondHousingToday.com
Greater Richmond Single Family Price Per Square Foot
For Closed House Sales By Year
Price Per Square Foot
$150
$139.64
$140 $135.82
$132.43
$130 $123.38
$117.82
$120 $112.24
$107.60 $104.98 $106.16
$110
$99.65
$100 $92.37
$90
$80
02
03
04
05
06
07
08
09
10
11
12
20
20
20
20
20
20
20
20
20
20
20
Year
Source: CVRMLS data 1/13/13
Prices have started to rise in Greater Richmond with 2012 prices being approximately 1% higher than 2011 prices. With a
25% decrease in prices between 2007 and 2011, prices are still at 2004 levels as indicated in the red line on this graph.
Property of Lacy Williams, Joyner Fine Properties 40
41. Single Family Year over Year Price Change
www.RichmondHousingToday.com
Percent Change in Price Per Square Foot From
Previous Year for Closed Sales in Greater Richmond
Source: CVRMLS data 1/13/13
20.0%
14.7%
15.0%
10.1%
10.0% 7.9% 8.0%
5.0% 2.8%
1.1%
0.0%
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
-5.0%
-5.2% -4.7%
-10.0% -6.5%
-11.0%
-15.0%
Year over year price change shows that as 2012 prices are increasing over 2011 prices after 4 years of declines. In this
graph, the 7.9% increase in 2003 is the increase in prices between 2002 and 2003 etc. Prices in 2012 are up 1.1% from
2011.
Property of Lacy Williams, Joyner Fine Properties 41
42. Single Family Price Per Square Foot By Quarter
www.RichmondHousingToday.com
Greater Richmond Single Family
Price Per Square Foot by Quarter
Source: CVRMLS data 1/13/13
$145.00
Price per Square Foot
$135.00
The turn in the market!!!
$125.00
$115.00
$105.00
$95.00
$85.00
$75.00
2007-01
2007-02
2007-03
2007-04
2008-01
2008-02
2008-03
2008-04
2009-01
2009-02
2009-03
2009-04
2010-01
2010-02
2010-03
2010-04
2011-01
2011-02
2011-03
2011-04
2012-01
2012-02
2012-03
2012-04
Quarter
First Quarter Second Quarter Third Quarter Fourth Quarter
Sales Sales Sales Sales
When looking at this graph, look at one color at a time. First look at the first quarter prices in pink: dropping in 2008, 09, 10 and 11. 2012 is
42
almost equal to 2011. Likewise, the second quarter sales in yellow dropped from 2007 to 2011 and 2012 is equal to 2011. The third quarter is in
blue and 2012 third quarter prices are higher than 2011 third Source: CVRMLSfourth quarter is in green and 2012 fourth quarter prices are
quarter prices. The data
significantly higher than 2011 fourth quarter prices.
Property of Lacy Williams, Joyner Fine Properties 42
43. 2011 vs 2012 Prices By County www.RichmondHousingToday.com
Change in Prices Between 2011 and 2012
8.00% 6.54%
6.00%
4.00% 2.29%
1.85%
2.00% 0.75%
-0.10%
0.00%
d
-2.00%
nd
o
ld
er
an
on
ri c
ie
ov
la
t
m
ha
rf
en
ch
an
ch
-4.00%
e
w
H
st
oo
H
Ri
Po
he
G
of
-6.00%
C
ity
C
-8.00% CVRMLS data 1/13/13
Source: -6.70%
Prices have risen in some areas between 2011 and 2012 shown in green. But Chesterfield is slightly down and Powhatan
still has some challenges.
Property of Lacy Williams, Joyner Fine Properties 43
44. Condominium Price Per Square Foot www.RichmondHousingToday.com
Price Per Square Foot For Closed Condominium Sales
in Greater Richmond
$170.00
Price Per Square Foot
$160.00
$150.00
$140.00
$130.00
$120.00
$110.00
$100.00
Jul-06
Jul-07
Jul-08
Jul-09
Jul-10
Jul-11
Jul-12
Jan-06
Jan-07
Jan-08
Jan-09
Jan-10
Jan-11
Jan-12
Month Source: CVRMLS data 1/13/13
Price per square foot is a good indicator or prices. Notice that the highs in price per square foot are higher than last year.
Property of Lacy Williams, Joyner Fine Properties 44
45. Price Per Square Foot for Greater Richmond
Condominium Sales By Year www.RichmondHousingToday.com
Price Per Square Foot for Condominium Sales By
Year
$160 $154.00 $152.70
$149.49
Price per Square Foot
$150
$133.49 $135.62
$140 $131.55
$130 $119.16 $121.13
$120 $113.32
$110 $100.03
$100 $90.84
$90
$80
$70
02 03 04 05 06 07 08 09 10 11 12
20 20 20 20 20 20 20 20 20 20 20
Source: CVRMLS data `1/13/13 Year
The price per square foot for condominium sales is between 2004 and 2005 levels. But more significantly, prices
in 2012 are 1.7% higher than 2011 indicating that prices have starting to rise. Prices are expected to start rising
next year. There was a 23% decrease in prices between 2007 and 2011.
Property of Lacy Williams, Joyner Fine Properties 45
46. Year of Year Price Per Square Foot Change
By Price Range www.RichmondHousingToday.com
Single Family Condominium/Townhouse
Price per Square Foot Change in Greater Richmond
Condominium Price per Square Foot Change in Greater
Richmond
Price Range 1/11-12/11 1/12-12/12 Change
Price Range 1/11-12/11 1/12-12/12 Change
$0-$250,000 $86.12 $86.91 0.92%
$250,001-$500,000 $120.78 $122.15 1.13% $0-$250,000 $108.35 $106.83 -1.40%
$500,001-$750,000 $153.92 $150.30 -2.35% $250,001-$500,000 $150.05 $151.83 1.19%
$750,001-$1,000,000 $181.46 $175.17 -3.47%
$500,001+ $180.98 $190.96 5.51%
$1,000,001+ $220.51 $235.24 6.68%
In the condominium market, price per square foot is
In the single family market, prices have increased in increasing in the higher price points.
the lower prices and also in the top end market.
Prices in the middle should start to rise in the next
few months.
Source: CVRMLS data 1/13/13
Property of Lacy Williams, Joyner Fine Properties 46
47. Greater Richmond 2012 Top 10 Single
Family Sales www.RichmondHousingToday.com
Price Per
Square Square
Rank Area Address Feet Bedrooms Sale Price Foot
1 Richmond 6107 Three Chopt 9100 6 $2,900,000 $318.68
2 Goochland 1686 Broad Street Road 6382 5 $2,750,000 $430.90
3 Richmond 390 and 400 Old Lock Ln 5630 5 $2,300,000 $408.53
4 Goochland 970 Millers Lane 8044 7 $2,000,000 $248.63
5 Henrico 8 W Glenbrooke Cir 5650 4 $1,962,725 $347.38
6 Richmond 5 Hampton Hills Lane 7104 7 $1,960,000 $275.90
7 Henrico 215 Dryden Lane 8600 7 $1,800,000 $209.30
8 Henrico 5 Kanawha Rd 7777 7 $1,800,000 $231.45
9 Henrico 228 Cragmont Cir 7693 5 $1,710,000 $222.28
10 Goochland 712 Old Stream Road 5932 4 $1,635,000 $275.62
Property of Lacy Williams, Joyner Fine Properties 47
48. Top 10 Condominiums Sales for 2012 www.RichmondHousingToday.com
2012 TOP 10 Condominium Sales
Rank Area Subdivision Address Sale Price Sq Ft Price/Sq/Ft
301 Virginia Street Unit
1 10 Vistas on the James 1803 & 1805 $1,050,000 2987 $351.52
2 40 Rocketts Landing 4820 Old Main St #609 $985,000 4560 $216.01
3 34 The Villas at Grey Oaks 4905 Grey Oaks Villas Dr $565,821 3129 $180.83
4 34 The Villas at Grey Oaks 4932 Grey Oaks Villas Dr $533,450 3093 $172.47
5 34 Bellingham -Twin Hickory 5201 Belva Rd $527,796 3324 $158.78
6 34 Club Commons 12053 Layton Drive $509,000 3337 $152.53
7 34 The Villas at Grey Oaks 4904 Grey Oaks Villas Dr $509,950 2862 $178.18
8 34 The Villas at Grey Oaks 4913 Grey Oaks Villas Dr $509,950 2833 $180.00
301 Virginia Street Unit
9 10 Vistas on the James 1601 $507,500 1371 $370.17
10 34 Bellingham -Twin Hickory 5105 Belva Rd $485,598 2711 $179.12
This includes condominium sales and not townhouse sales. 9 of the 10 top townhouse sales in 2012 were in Grayson
Hill.
Property of Lacy Williams, Joyner Fine Properties 48
49. Why Does it Still Feel Like A Buyers’s Market?
www.RichmondHousingToday.com
Number of Sales vs Price Per Square Foot for
Single Family Sales By Year
20000 $160
$140
Closed Sales
Square Foot
15000 $120
Price Per
$100 Closed Sales
10000 $80
$60 Price Per Sq Ft
5000 $40
$20
0 $0
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Year
Source: CVRMLS data 1/13/13
The purple bars are the number of sales by year and the blue line is price per square foot. Note that sales were dropping
in 2006 and 2007 while prices were still rising. In 2011 and early 2012, prices were dropping while the number of sales
was increasing.
Property of Lacy Williams, Joyner Fine Properties 49
50. Richmond Real Estate Areas www.RichmondHousingToday.com
The Richmond Association of
Realtors (RAR) uses Real estate areas
as shown in the graph. The following
analysis covers areas 10, 20, 22, 24,
30, 32, 34, 40, 42, 44, 50, 52, 54, 60,
62, 64 and 66 shown on the map. The
analysis of MLS data was generally
done for each month during the
middle of the following month. MLS
analysis may differ depending on
what date the information is taken
from the MLS system.
Property of Lacy Williams, Joyner Fine Properties 50
51. Active Single Family Listings By Area
www.RichmondHousingToday.com
Active Listings By Area (As of 1/13/13)
Number of Active Single
500 451
420
Family Listings
400
317
300 222
217
184 180 193 206 194 188
200 152 161 139
131 134 131
100 52
0
10 20 22 24 30 32 34 36 40 42 44 50 52 54 60 62 64 66
Area
Source: CVRMLS data 1/13/13
The number of active listings by area is shown. Active listings are down significantly over last year. There are
approximately 3800 fewer homes on the market than two years age. Richmond is following a nationwide trend of
declining inventory. Inventory varies by area with area 54 having the highest number of homes for sale and Area 20
having the lowest.
Property of Lacy Williams, Joyner Fine Properties 51
52. Single Family Average Sales Price By Area
www.RichmondHousingToday.com
Average Sales Price By Area For Single Family House
Sales (1/1/12-12/31/12)
$430,639
$390,136
$339,772
$320,726
$500,000
$308,686
Average Sales Price
$275,815
$250,435
$237,573
$233,031
$222,605
$220,778
$400,000
$207,974
$185,099
$158,023
$142,220
$140,602
$125,806
$300,000
$101,570
$60,542
$200,000
$100,000
$0
10
20
22
24
30
32
34
36
40
42
44
50
52
54
60
62
64
hm 66
d
on
ic
R
ll
A
Area
Source: CVRMLS data 1/13/13
Average sales price varies considerably by area with area 20 having the highest and area 50
having the lowest.
Property of Lacy Williams, Joyner Fine Properties 52