Fan & Museum District home sales holding up

Brick’s Blog has a summary of Richmond real estate conditions. Overall, the Fan and Museum District looked very strong for the month (last month’s numbers in parentheses)…

Average Sales Price in February $ 666,865 ($399,791)

Median Sales Price …………… $ 480,000 (312,000)

Sales Price/List Price Ratio …….. 95.1 % (98.4)

Days on Market …………………….. 69  (70)

Average $ per square foot ……….$ 230.35 ($197.04)

The data is slightly skewed due to a >$2 MM home sale in the area. However, the median sales price, average price per square foot, and days on market look good and shouldn’t be affected by the skewed data.