During these unprecedented times, with so much uncertainty, we look at the month of April 2020 where the United States had their stay at home order from their Governor’s and the President. Businesses had to shut down, unemployment skyrocketed, and the stock market took a huge dive. In 2008, the housing market also crashed, but things are different now in 2020 and we take a look at how the market went for the month of April and we can say it looks bright for the future. Houses are still being bought and sold, and certain cities, like Richmond, have been moving right along in the housing industry. Let’s take a look at some stats and we even will have a couple of links where our Broker and Owner Chris Small gives his own opinion on what he sees is happening throughout the River City.
In the Fan District there are currently seventeen properties active on the market, twelve homes went under contract and fourteen houses closed during the month of April. Three of those closings were from our Broker Chris Small and they were the three highest closings in the Fan District. 2412 Kensington Ave, 2410 Kensington Ave, and 1107 Grove Ave.
Market Statistics April 3rd – April 10th
Market Statistics April 10th – April 17th
Market Statistics April 17th – April 24th
Market Statistics April 24th – May 1st