The Virginia Association of Realtors today released some interesting home sales figures, putting prices in perspective for the moment. (Here's the chart.) The average price of a home in the Roanoke Valley for the first quarter of 2009 was $180,000, down from $195,000 at this time last year and about where it was five years ago.
Realtors sold 629 homes in the first quarter, compared to 932 last year in Q1, down more than 32 percent. Homes in Martinsville have dropped below $100,000 on average and even in West Coast expensive Northern Virginia, prices are off $100,000 and below $400,000 for the first time in a while. New River Valley sales are off an astonishing 45 percent and prices have dropped from $182,000 to $168,000.
No comments:
Post a Comment