statswatch Virginia home sales in the second quarter Most regions in Virginia saw a decrease in home sales in the second quarter of 2011 compared to the second quarter a year ago. The two largest metro areas in the state took the biggest losses in the pace of home sales:
Northern Virginia declined 17% and the Greater Richmond area declined 18%. One notable exception: Southwest Virginia showed a significant increase in home sales — up almost 10% from 2010.
Regional changes in unit sales: 2010-Q2 vs. 2011-Q2
Regional Changes in Sales 2010-Q2 vs. 2011-Q2 Units
Northern Virginia -16.8% Central Valley -14.6%
Greater Richmond -17.8% Roanoke / Lynchburg / Blacksburg -12.5% Southwest Virginia +9.8%
Southside Virginia -9.2%
Hampton Roads / Chesapeake Bay -14.2%
New home sales report! Check out the new Virginia Home Sales Report — redesigned to include colorful graphs, regional breakdowns, and brief, easily understood commentary. How can you use it? Here are some ideas: • Send the market report to your clients and sphere of influence to give them a context for the housing market across the state. Ask them to contact you for updated market statistics for your local area. • Send the market report to local lenders, home builders, financial planners, attorneys, and bankers
to establish yourself as a source of reliable housing market data. • Post the market report to your Web site, Facebook, Google+, or Twitter to reinforce your credentials as a housing expert. • Print selected pages of the market report to take along to appointments with clients. While local market conditions will likely be more pertinent than statewide data, the information will still be helpful to and appreciated by your clients.