While industry observers maintain the Richmond home market remains strong, signs that COVID-19 is having an effect on listings are beginning to emerge.
More Richmond-area homes taken off market since virus arrived
Residential Real Estate
CCV-area home leads million-dollar March sales
A local investment banker and physician’s purchase of a nearly 60-year-old house near the Country Club of Virginia came in as the highest-priced residential transaction in March, as local agents navigate showing high-end homes in a time of social distancing.
BizSense Assembly III recap: Apartment operators ‘bracing for May’
Impacts of the coronavirus crisis on countless numbers of renters in the region are in turn trickling down to apartment managers and developers, a sampling of whom discussed challenges they are facing in the third installment of BizSense Assembly. The online panel discussion series this week focused on issues faced by Richmond’s multifamily market amid… Read more »
7-story ‘Soda Flats’ planned next to Hofheimer Building in Scott’s Addition
Another new development with some height is planned along the Pulse Corridor on Broad Street, this time by one of the developers behind the Quirk Hotel.
Chesterfield County launches online development plan submission system
Developers now can submit plans via email, a move that comes as a response to disruptions caused by the coronavirus pandemic.
Neighbors withdraw appeal after agreement reached on industrial park plan
A dispute over plans for an industrial park in Hanover has been resolved, as neighboring residents concerned about the site’s truck traffic have withdrawn their appeal after reaching a formal agreement with the developer.
Equestrian estate in Goochland sells for $2.5M
If 2020’s proven a rough start for most, it’s been the opposite for local real estate agent Richard Bower.
$50M apartment building set to rise beside new Kinsale HQ
A $2 million land deal has cleared the way for the second phase of an under-construction development that’s slated to bring more than 200 apartments to Henrico’s Westwood area.
Real estate brokerages plant flags near Innsbrook
A residential real estate team backed by an online brokerage has found a brick-and-mortar home in western Henrico, less than a mile from where a new player in the market is planting its own flag near Short Pump.
Auction of Hild properties still a go, moved online
Auctions are continuing this week on a chunk of embattled businessman Michael Hild’s portfolio of Manchester properties.