Wally Hughes - West Broad Village - May 2018

West Broad Village

Wally Hughes Associate Broker, ABR, CRS, GRI, CDPE

804.513.3240

WallyHughes@gmail.com www.WestBroadVillageProperties.com www.WallyHughes.com

COMMONWEALTH

Real Estate Market Report | May 2018

200 Westgate Pkwy, Ste #102 Richmond, VA 23233 Office: 804.360.5200

Each office Independently owned and operated.

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.254.9619| ©2018

BUILD, BUY, SELL, INVEST, AND LEASE WITH WALLY

Ice Cream Social Compliments of Happy New Beginnings, Hughes & PrimeLending, The McLane Team

Thursday, June 7, 2018 6:00 - 8:00 pm 200 Westgate Parkway Richmond, VA 23233 Join in on the Fun and Enter Our Raffle to Win Learn How You Can Become One of Our Happy Homeowners Meet Our Teams Best of All...The Event is Free!

PRESENTED BY WALLY HUGHES YOUR WEST BROAD VILLAGE REAL ESTATE SPECIALIST

PREPARED ESPECIALLY FOR

Johnathan and Angela-Marie Williams

Wally Hughes Associate Broker ABR, CRS, GRI, CDPE

Let’s work as a team to buy your new home and to sell your existing home!

804.513.3240

WallyHughes@gmail.com www.WestBroadVillageProperties.com www.WallyHughes.com

WEST BROAD VILLAGE MARKET REPORT Brownstones Homes Currently Active Beds Range 3-4

Bath Range 3.1 - 4.1

Avg. Est. Sq. Ft. 3,013

Avg. List Price $581,725

Avg. Price/Sq. Ft. $193.03

Village Homes Currently Active Beds Range 3

FEATURED WEST BROAD VILLAGE LISTINGS!

Avg. Est. Sq. Ft. 1,946

Avg. List Price $379,950

Avg. Price/Sq. Ft. $195.25

Fairgate Homes Currently Active

LISTED BY WALLY HUGHES

A CTI V E

Bath Range 3.1

Beds Range 3

A CT IVE

Bath Range 3.1

Avg. Est. Sq. Ft. 2,128

Avg. List Price $383,788

Avg. Price/Sq. Ft. $180.16

Norwood Homes Currently Active Beds Range 3-4

Bath Range 3.1

Avg. Est. Sq. Ft. 2,892

Avg. List Price $435,000

Avg. Price/Sq. Ft. $150.41

West Broad Village Currently has 9 Homes Pending For more information on any of these listings, call Wally at 804.513.3240.

West Broad Village Sold in Last 3 Months

210 GEESE LANDING

2424 L I E S FE L D P ARKW A Y

3 Beds, 2.1 Baths | 2,904 Est. Sq. Ft.

4 Beds, 4.1 Baths | 2,828 Est. Sq. Ft.

S OLD FO R 100% OF LIS T PR ICE

S O L D F O R 9 7 % O F L IS T P R ICE

Status

Model

Street Name

Est. Sq. Ft.

Sold Price Price

Sold Date

Sold

Village

Brownstone Boulevard

2,246

$425,000

02/28/18

Sold

Fairgate

Fish Pond Lane

2,234

$352,500

03/23/18

Sold

Brownstone

Barnyard Trail

2,952

$545,000

04/16/18

Sold

Fairgate

Geese Landing

2,220

$359,000

04/19/18

Sold

Norwood

Liesfield Parkway

2,904

$465,000

03/20/18

Sold

Fairgate

Pumpkin Seed Lane

2,234

$370,000

04/12/18

Sold

Village

Redbud Road

1,956

$380,000

04/12/18

Sold

Village

Liesfield Parkway

1,868

$345,000

04/27/18

Sold

Norwood

Old Brick Road

2,904

$474,000

04/30/18

Sold

Fairgate

Pumpkin Seed Lane

2,234

$349,950

05/04/18

Monthly Inventory Trends in West Broad Village

3902 PUMPKIN SEED LANE 3 Beds, 2.1 Baths | 2,234 Est. Sq. Ft.

2534 L I E S FE L D P ARKWA Y 3 Beds, 2.1 Baths | 1,868 Est. Sq. Ft.

Dear Johnathan and Angela-Marie, For additional pictures, details, and pricing, visit my website at www.WestBroadVillageProperties.com or call me at 804.513.3240.

Planning a sale is key to success. Let’s work on your plan when the time is right.

Closed

Apr17-Sep17

Oct17-Dec17

Jan18-Mar18

List Price Apr17-Sep17

Oct17-Dec17

Jan18-Mar18

Previous

21

7

16

Previous

425,000

448,000

411,500

Current

20 (5%)

7 (Ç0%)

6 (63%)

Current

414,000 (0.2%) 415,000 (7.4%)

Active

Apr17-Sep17

Oct17-Dec17

Jan18-Mar18

List DOM

Apr17-Sep17

Oct17-Dec17

Jan18-Mar18

Previous

12

7

8

Previous

52

76

22

Current

11 (8%)

5 (29%)

11 (Ç38%)

Current

38 (26.9%)

45 (40.8%)

22 (Ç2.3%) Jan18-Mar18

Sale Price Apr17-Sep17

Oct17-Dec17

Jan18-Mar18

Sold/Ask% Apr17-Sep17

Oct17-Dec17

Previous

415,000

448,000

411,500

Previous

98.61%

97.39%

Current

414,000 (0.2%) 415,000 (7.4%)

445,000 (Ç8.1%)

Current

98.10% (.05%) 98.68% (Ç1.3%)

445,000 (Ç8.1%)

98.82% 98.23% (0.6%)

Wally Hughes and RE/MAX Commonwealth are not in any way affiliated with West Broad Village Home Owners Association, nor is this in any way an official advertisement or publication of West Broad Village. ©2018 RE/MAX All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the CVRMLS as of May 7th, 2018. Listings and sales may not be those of RE/MAX Commonwealth. Neither the CVRMLS, or National Association of Realtors® guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. E&OE. Wally Hughes is a licensed Agent in the Commonwealth of Virginia.