Looking for Homes For Sale In New Kent VA? New Kent County Virginia is located off I-64 between Richmond and Wi…
Real Estate Richmond VA's #1 Realtor
Joey Schlager & The Richmond Realty Team
Looking for Real Estate Richmond VA or the surrounding Central Virginia area? Welcome to Joey Schlager & The Richmond Realty Team's Metro Richmond real estate website. Our site is considered to be the #1 real estate website in the metro area including Richmond, Hanover County, Henrico County, Chesterfield County, Goochland County and Powhatan County. Our goal is to be a useful resource for the community by offering up- to-date, detailed information on everything real estate in the Metro area. You will notice that you can create detailed search parameters for Richmond, Henrico County, Hanover County, Chesterfield County, King William County, New kent County, Goochland County, and Powhatan County Virginia area homes as well as obtaining a home value right on the home page. You will also find detailed community and neighborhood information throughout the site. Our goal is to act as a resource, without obligation, for all of your real estate needs in the Metro Richmond Virginia real estate market.
The Richmond Realty Team's Mission
We like to say, "success leaves clues." Joey Schlager, named the #1 real estate agent in Virginia and 35th in the United States by The Wall Street Journal, has systemized the home selling and home buying process with intricate detail. In fact, Joey's system for selling homes has been featured on CBS, ABC, NBC, FOX and CNN. In addition to being the #1 real estate agent in Virginia, Joey Schlager is a best selling author. Joey's book, "The New Rise in Real Estate," hit Amazons best seller list in 8 different categories. Moreover, The Richmond Realty Team has a well known saying around the office that our goal is to answer our clients question before they even know that they need to ask it. Our vision and mission is to create an experience for our clients that is unmatched in the real estate industry today. We are so confident that this will be the case we offer a program called "Listed for a Day" in which our agreements only renew on a day to day basis if you say they do. No long term agreements that you cannot get out of if we do not live up to your expectations. In order to become a member of The Richmond Realty Team, a candidate must share our core values. One of those core values that we emphasize the most is "selflessness.' We give help and go the extra mile expecting nothing in return. We truly enjoy helping others. Read More
Chesterfield, VA $286,990
Hanover, VA $304,990
Hanover, VA $295,990
Hanover, VA $349,950
Chesterfield, VA $269,990
Henrico, VA $159,000
Goochland, VA $210,000
Henrico, VA $322,990
Hanover, VA $299,990
Hanover, VA $79,900
Chesterfield, VA $449,990
$100,000 - $200,000
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14200 Flag Tail Way
4 Bed, 2.1 Bath, 2313 Sqft, 0.37 Acres
7319 Hardtack Road
3 Bed, 2.2 Bath, 2539 Sqft
7321 Hardtack Road
4 Bed, 2.1 Bath, 3060 Sqft
9021 Annex Lane
4 Bed, 2.1 Bath, 2760 Sqft
11324 Longtown Drive
5 Bed, 4 Bath, 3575 Sqft, 0.3 Acres
6932 Bolelyn Drive
4 Bed, 2.1 Bath, 3060 Sqft, 0.22 Acres
4668 River Road
3 Bed, 2 Bath, 1200 Sqft, 1.22 Acres
4301 Pine Top Court
3 Bed, 3 Bath, 1800 Sqft, 0.55 Acres
10301 Spencer Trail Place
4 Bed, 2.1 Bath, 3060 Sqft
9438 Lewisdale Place
4 Bed, 2.1 Bath, 2761 Sqft
2511 Troycott Place
3 Bed, 1.1 Bath, 1161 Sqft, 0.24 Acres
1501 Bluewater Terrace
4 Bed, 2.1 Bath, 3668 Sqft
written by Joey Schlager
March 10th 2014
I Know Real Estate Richmond, VA Real Estate
A Realtor's Expertise Means Success For You
Benefits of Owning Real Estate in Central Virginia
The Richmond Area & Central VA's Economy Has Always Been Strong
Bank and Shop in The Richmond, Henrico, Chesterfield, Central VA Area
Transportation Infrastructure of Central Va
Finest Universities In The Richmond, Central Virginia Area
The Richmond Metro Area Is Steeped in History
Diversified Entertainment Throughout Richmond And Central Virginia
Local Realtor Joey Schlager Helps You Buy or Sell Metro Area Richmond Real Estate
We know every family and lifestyle is different. We respect and appreciate your business and the opportunity to customize a plan to fit you and your family. We NEVER spam, share or sell your contact information.
Home Sales Up in the Richmond Metro Area
Chesterfield, Powhatan, Goochland, New Kent, King William, Hanover, Henrico, Richmond
The number of sales closed in the Richmond Metro Area has been rising since 2010. 1,387 homes were sold this summer which is 5.3% more than last year. The Median Sold Price for homes in the area has been increasing since February 2011. The median Sold Price this summer was $210,000- which is the same price cited for last summer. The median Days On Market (DOM) for listed homes has been decreasing since January 2011. The median DOM this summer was 58 days, a 5.5 % increase since the last year. The average Sold/Original List Price Ratio has been rising since January of 2012 (except for June and July 2014). This ratio was 95.8% this summer, which is 0.3% less than the preceding year.
Real Estate Inventory Is Important
The Richmond Metro Area (as with most of the nation) has a big issue with inventory- the number of homes available for purchase when considering the rate at which they're being sold. Inventory has been low recently. Low inventory creates a seller's market where buyers feel pressured to snatch-up availabilities driving prices up with multiple offers. Even though the rising prices make the market appear robust, a seller's market reduces inventory. Inventory is usually described by the months left of housing supply. The statistics of Market Activity (homes sold per month) and DOM (average Days On Market) are closely related to this concept of inventory. Low inventory is an indicator of an active market. That's OK to a point- until there's virtually NO inventory. At that point, there is no market activity and market growth slows for an undetermined period of time.
The US and Local Real Estate Market Is in Recovery
Real estate activity has been robust across the nation since 2012. Recovery has been evident in Richmond's markets also. This recovery started after a recession resulted from the 'Big Housing Bubble' popping after years of subprime lending and mortgage abuse. Growth has been healthy since 2012 in the Richmond Metro Area- especially in 2013. The Median Sale Price dropped slightly this year. Homes have been staying on the market longer in 2014 which is good because it sustains inventory. The real estate buying 'frenzy' that happened from 2000- 2007 resulted in the 2007-2008 housing bubble pop (and subsequent recession). Tempered growth is more sustainable.
Hover over the bars/lines on each of the charts to see the value as well as the year-over-year change.
Each chart is automatically updated on the 10th of each month, so come back next month to see the changes in the market.
Have questions or need more information? Contact me at (804) 410-3782. Below is the number for closed sales for the Richmond Virginia Metro Area over the past five years
Richmond Virginia Metro Area Trend in Home Sales
Below is the number for closed sales for the Richmond Virginia Metro Area over the past five years
Below is the Average Sold Price and the Average Days On Market of a Richmond Virginia Metro Area home. You can see the upward trend of prices. Aside from a sharp spike in February 2014, inventory is drying up. Buy before prices get even higher and inventory expires. Contact me for more detailed information about an area you are specifically interested in.
Average Price And Average Days on the Market
Let me help you set your price right to obtain the value of your home as quickly as possible. As shown below, the longer a home sits on the market, the lower the offers are from buyers. Contact me at (804) 410 - 3782
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2014 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.
Listing information last updated on November 26th, 2014 at 2:30am EST.