V I RG I N I A
PRICE DISTRIBUTION IN HOME SALES // 2010 VS 2011
2 010
2 01 1
CHANGE % -14.17%
PRICE RANGES
-3.40% -1.43% +3.64% 7,472 7,267
-2.74%
6,729 6,477
-3.74% 12,433 11,403
-8.28% 20,245 18,867
-6.81% 24,724 24,691
-0.13%
00 25 ,0
24 ,0 00
0 23 ,0 0
22 ,0 00
21 ,0 00
20 ,0 00
0 19 ,0 0
00 18 ,0
17 ,0 00
00 16 ,0
15 ,0 00
+33.14% 14 ,0 00
13 ,0 00
0 12 ,0 0
00 11 ,0
0
0
10 ,0 0
9, 00
0 8, 00
00 7, 0
00 6, 0
00
8,931 11,891
5, 0
4, 00 0
3, 00 0
2, 00 0
1,0 00
0
127 $2 M+ 109 $1 . 5M- $2M 206199 $1 M- $1 . 5M 837825 $7 50K- $1M 1,949 2,020 $500K-$750K $400K-$500K $300K - 400K $200K - 300K $100K - $200K $0-$ 100 K
Scott Rogers Analyst/Consultant, Virginia Association of Realtors® The trends in the pace of home sales in Virginia during 2011 varied significantly between different price ranges. Remarkably, home sales under $100,000 increased by 33% between 2010 and 2010—though this may have been the result of lower sales prices in
addition to the possibility of more buyers in that segment of the housing market. The only other segment of the market that experienced an increase in sales was the $750K to $1M price range, though not all high-end segments performed well, as there
was a 14% decline in $2M+ home sales. Aside from the $2M+ price range, the largest decline in home sales was in the $200K - $300K and $300K - $400K price ranges showing a 7% and -8% decline, respectively.
V I R G I N I A A S S O C I AT I O N O F R E A LTO R S ®
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