As we begin a new year, everyone is very interested in knowing – are we still in a year of pain, or will things finally begin to look better!  So, as the spring time weather happened today, I thought I would go ahead and take a look at the real estate trends that we are seeing for the first few months of 2010!  Although the Far West End & Short Pump figures look much better than the numbers do in other areas, I still think the jury is out as to whether or not the tide has turned here, as well as in other parts of Richmond!  There is still a high level of fear that, even if the real estate market here seems to have stabilized, there is some uncertainty as to whether or not things will continue like this, or if we will have a “double dip” recession and/or future job layoffs.  So, with that fear & uncertainty out there, people are still tending to purchase less home than they qualify for.  The good news for this area is that foreclosures & short sales are much lower than they are in other areas of the Richmond area.  To let you know what the area is doing, I have put together a video showing the market trends you find here.  If you would like to see what you neighborhood is doing, don’t hesitate to contact me. 

 And don’t forget to look for additional videos over the next week!  I welcome your comments & thoughts about the real estate market in Richmond!