Virginia Housing Trends Statistics As of December 31, 2009
Prepared by
Rosemary deButts rosemarydebutts@verizon.net
Virginia Home Sales and Price Summary by Area: 4Q09 vs. 4Q08 LOCAL MULTIPLE LISTING SERVICES
4Q09
Sales 4Q08
% Change
Blue Ridge Area
514
398
29.1%
$170,027
$183,533
-7.4%
Charlottesville Area
700
519
34.9%
$235,000
$262,000
-10.3%
Chesapeake Bay & Rivers
180
125
44.0%
$230,961
$303,226
-23.8%
Dan River Region
181
168
7.7%
$86,831
$80,807
7.5%
1,224
1,085
12.8%
$340,956
$308,539
10.5%
Eastern Shore
106
107
-0.9%
$155,524
$149,900
3.8%
Fredericksburg Area
959
871
10.1%
$205,005
$217,947
-5.9%
Greater Augusta
251
227
10.6%
NA
NA
Greater Piedmont
457
384
19.0%
$204,359
$217,195
-5.9%
Hampton Roads/Peninsula
5,162
3,680
40.3%
$211,000
$220,000
-4.1%
Harrisonburg/Rockingham
212
172
23.3%
$175,865
$189,695
-7.3%
Lexington/Buena Vista
50
51
-2.0%
$146,568
$160,000
-8.4%
Lynchburg
449
350
28.3%
$144,255
$145,605
-0.9%
Martinsville/Henry/Patrick
114
107
6.5%
$80,250
$75,000
7.0%
Massanutten
154
109
41.3%
$152,719
$165,973
-8.0%
New River Valley
298
213
39.9%
$160,000
$159,900
0.1%
Northern Neck
154
NA
$196,877
NA
Northern Virginia Area
4,520
4,067
11.1%
$371,179
$345,454
7.4%
Prince William Area
1,943
2,874
-32.4%
$213,980
$172,477
24.1%
Richmond Metro
2,392
1,825
31.1%
$197,715
$212,172
-6.8%
Roanoke Valley
911
678
34.4%
$148,671
$159,025
-6.5%
South Central
72
79
-8.9%
$120,792
$109,399
10.4%
Dulles Area
Median Sales Price 4Q09 4Q08 % Change
Southern Piedmont
41
45
-8.9%
$94,232
$115,353
-18.3%
Southwest Virginia
265
62
327.4%
$125,439
$129,702
-3.3%
Tri Cities
242
207
16.9%
$148,858
$157,459
-5.5%
Williamsburg
385
174
121.3%
$256,000
$287,212
-10.9%
Totals/Averages
21,936
18,577
18.1%
$245,392
$268,303
-8.5%
3Q09 Totals/Averages
25,032
-12.4%
$235,447
4.2%
2
Virginia Percentage Change in Sales by Area: 4Q09 vs. 4Q08
Williamsburg Tri Cities Southwest Virginia Southern Piedmont South Central Roanoke Valley Richmond Metro Prince William Area Northern Virginia Area Northern Neck New River Valley Massanutten Martinsville/Henry/Patrick Lynchburg Lexington/Buena Vista Harrisonburg/Rockingham Hampton Roads/Peninsula Greater Piedmont Greater Augusta Fredericksburg Area Eastern Shore Dulles Area Dan River Region Chesapeake Bay & Rivers Charlottesville Blue Ridge Area
121.3% 16.9% 327.4% -8.9% -8.9% 34.4% 31.1% -32.4% 11.1% 0.0% 39.9% 41.3% 6.5% 28.3% -2.0% 23.3% 40.3% 19.0% 10.6% 10.1% -0.9% 12.8% 7.7% 44.0% 34.9% Source: Virginia's REALTOR® Associations
29.1%
-70.0%
-20.0%
30.0%
80.0%
130.0%
180.0%
230.0%
280.0%
330.0%
380.0%
3
Virginia Percentage Change in Median Sales Price by Area: 4Q09 vs. 4Q08
Williamsburg Tri Cities Southwest Virginia Southern Piedmont South Central Roanoke Valley Richmond Metro Prince William Area Northern Virginia Area Northern Neck New River Valley Massanutten Martinsville/Henry/Patrick Lynchburg Lexington/Buena Vista Harrisonburg/Rockingham Hampton Roads/Peninsula Greater Piedmont Greater Augusta Fredericksburg Area Eastern Shore Dulles Area Dan River Region Chesapeake Bay & Rivers Charlottesville Area Blue Ridge Area
-10.9% -5.5%
Source: Virginia's REALTOR® Associations
-3.3% -18.3% 10.4% -6.5% -6.8% 24.1% 7.4% 0.0% 0.1% -8.0% 7.0% -0.9% -8.4% -7.3% -4.1% -5.9% 0.0% -5.9% 3.8% 10.5% 7.5% -23.8% -10.3% -7.4%
-50.0%
-30.0%
-10.0%
10.0%
30.0%
50.0%
4
2009 Foreclosures by Area and Quarter Association
1Q09
2Q09
3Q09
4Q09
Blue Ridge Area
536
594
639
530
Charlottesville Area
178
191
307
311
Chesapeake Bay & Rivers Dan River Region Dulles Area Eastern Shore Fredericksburg Area Greater Augusta
71
93
61
86
142
119
122
106
1,088
1,138
1,333
972
17
23
23
10
1,413
1,336
1,389
1,188
37
46
24
40
600
566
627
529
Hampton Roads/Peninsula
2,870
2,859
2,865
2,913
Harrisonburg/Rockingham
75
70
85
96
Lexington/Buena Vista
30
26
10
8
Lynchburg
94
102
44
99
Martinsville/Henry/Patrick
25
28
14
10
100
137
118
103
New River Valley
64
90
77
86
Northern Neck
14
13
12
8
Northern Virginia Area
3,431
3,805
4,688
2,788
Prince William Area
2,668
3,138
3,025
2,089
Richmond Metro
1,666
1,451
1,804
1,814
Greater Piedmont
Massanutten
Roanoke Valley
347
474
399
362
South Central
66
62
40
50
Southern Piedmont
13
23
7
12
Southwest Virginia
39
23
16
16
255
247
255
270
Tri Cities Williamsburg Total
93
159
137
151
15,932
16,813
18,121
14,647
Others
12
14
14
21
Virginia Total
15,944
16,827
18,135
14,668
Source: RealtyTrac
5
Virginia Percentage Change in Foreclosures by Area: 4Q09 vs. 3Q09 Williamsburg Tri Cities Southwest Virginia Southern Piedmont South Central Roanoke Valley Richmond Metro Prince William Area Northern Virginia Area Northern Neck New River Valley Massanutten Martinsville/Henry/Patrick Lynchburg Lexington/Buena Vista Harrisonburg/Rockingham Hampton Roads/Peninsula Greater Piedmont Greater Augusta Fredericksburg Area Eastern Shore Dulles Area Dan River Region Chesapeake Bay & Rivers Charlottesville Area Blue Ridge Area
10.2% 5.9% 0.0% 71.4% 25.0% ‐9.3% 0.6% ‐30.9% ‐40.5% ‐33.3% 11.7% ‐12.7% ‐28.6% 125.0% ‐20.0% 12.9% 1.7% ‐15.6% 66.7% ‐14.5% ‐56.5% ‐27.1% ‐13.1% 41.0% 1.3% So urce : RealtyTrac
‐17.1% ‐80.0%
‐60.0%
‐40.0%
‐20.0%
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
120.0%
140.0%
6