At this time of year, home buyers begin to shop real estate so they can buy and get comfortable in their new home by the beginning of the school year. This spring home sales increased by 3 percent over last year in Chesterfield. Sales prices have reflected the uptick in sales. In April of 2015 median sale prices were about $213,000. This year in April, sales prices had increase to $225,000 – an increase of 5.5 percent. As April began to stretch into May, the number of days on the market began a downward trend. A home put on the…
Browsing: Housing
The revitalization of Jefferson Davis Highway continues with one of the most unique projects to date, Moore’s Lake Apartments LLC. Moore’s Lake has submitted some changes to its original site plan (the way buildings are laid out on a property) approved last year. The company is applying for minimal changes to its original zoning plan submitted and passed in 2007. The amendment to the zoning case is related to the number of dwelling units per floor, parking setbacks from buildings and recreational areas. The property of about 58 acres, where the proposed complex could be built would have a two…
We are happy to announce that the Virginia Housing Coalition (VHC) and the Virginia Coalition to End Homelessness (VCEH) have officially merged and launched the Virginia Housing Alliance (VHA). VHA will focus on expanding affordable housing opportunities and ending homelessness through advocacy, education, and collaboration. By merging, VHC and VCEH have created a stronger and more sustainable organization. Based in Richmond, it will have a truly statewide focus given the broad spectrum of services of local partners in Virginia that it will support. “It’s a new day for efforts to expand housing opportunity and end homelessness in Virginia,” said Courtney…
The home buying market typically picks up at the end of the year. It is doing the same this year as well. Inventory of existing homes is down, which allows for builders of new homes to feel more confident about constructing new homes. While new home building is tepid compared with last year; Single family home building can come with risk where apartments or multifamily can pay for itself through rentals. Yet the single family market is still growing. This year’s single family home building statistics follow: 2014 YTD 2015 YTD JAN 94 85 FEB 114 125 MAR 175 178…