While industry observers maintain the Richmond home market remains strong, signs that COVID-19 is having an effect on listings are beginning to emerge.
Residential Real Estate
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.
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 »
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.
Developers now can submit plans via email, a move that comes as a response to disruptions caused by the coronavirus pandemic.
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an industrial park in Hanover has been resolved, as neighboring residents concerned about the site’s truck traffic have withdrawn their appeal after reaching a formal agreement with the developer.
If 2020’s proven a rough start for most, it’s been the opposite for local real estate agent Richard Bower.
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.
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.
Auctions are continuing this week on a chunk of embattled businessman Michael Hild’s portfolio of Manchester properties.