Housing market shows upward trend

Housing sales are picking up in Henrico County, as they are across the greater Richmond real estate market, according to a Long & Foster market report.

Chesterfield, Henrico, Goochland and Hanover counties, in addition to the City of Richmond, experienced positive trends in home sales and median sale price compared to October of last year, while inventory continued to tighten throughout the entire Richmond region.

Goochland County led the region in the increase in number of homes sold, experiencing a 43 percent increase over the previous year. Compared to October 2011, Henrico County saw an increase of 16 percent in home sales. Median sale price increased throughout the region with a year-over-year increase of one percent in Henrico.

Active inventory decreased by more than 20 percent, on average, across the Richmond region. Richmond City saw the largest decline of inventory at 28 percent compared to last year, while Henrico County experienced the second largest decline at 24 percent.

Houses continued to sell quickly throughout the Richmond region in October. Days on Market (DOM) in Richmond City was 58 days while Henrico and Chesterfield counties saw an average DOM of 63 days and 65 days, respectively. According to the Long and Foster report (compiled from residential real estate transactions within specific geographic regions, not just Long & Foster sales), the remainder of the region saw homes sell within an average of four months.

“The Richmond housing market again followed an upward trend as historically low interest rates continued to boost consumer confidence in the real estate market in October," said Jeffrey S. Detwiler, president and chief operating officer of The Long & Foster Companies.

Detwiler added that while the Richmond housing market is experiencing healthy stabilization and growth, tightening inventory can be expected to continue to push home prices up.
Bail Bonds Chesterfield VA

Section of Lauderdale Drive to be closed April 26 for drainage improvements


The westbound lanes of Lauderdale Drive will be closed between John Rolfe Parkway and Cambridge Drive on Wednesday, April 26 for drainage improvements.

The lanes are expected to be closed from approximately 9 a.m. to 4 p.m. Motorists will be detoured from westbound Lauderdale onto John Rolfe, Gayton Road and Cambridge before being directed back onto Lauderdale. > Read more.

Henrico Police to host prescription drug take-back event April 29


The Henrico County Division of Police and the U. S. Drug Enforcement Administration will participate in the nationwide Prescription Drug Take Back Program Saturday, April 29. The event will take place from 10 a.m. to 2 p.m. at the Henrico County Training Center, 7701 East Parham Road, next to the Public Safety Building.

The program is free and anonymous. Unused or expired pills, patches and liquid prescriptions (in their sealed original container) will be accepted. Needles and sharp items will not be accepted. No questions will be asked. > Read more.

Henrico home sales rose in March

Parts of the greater Richmond real estate market experienced an increase in the number of homes sold during the month of March, according to Long & Foster.

The number of homes sold increased in much of the Richmond region in March compared to year-ago levels. In Henrico County, the number of homes rose by 16 percent. Median sale prices varied in the Richmond region in March when compared to the same month last year. In both Hanover and Henrico counties, the median sale price rose by 10 percent. > Read more.

Henrico house fire contained quickly


APR. 24, 9:15 A.M. – A house fire in Henrico's West End Sunday caused minor damage but resulted in no injuries. At about noon Sunday, Henrico Emergency Communications Officers received phone calls of smoke coming from a home in the 1700 block of Shewalt Circle, just one block off Hungary Road. > Read more.

Business in brief


The Jenkins Foundation has granted The McShin Foundation $25,000 for residential recovery services to serve those with a Substance Use Disorder. The Jenkins Foundation is focused on equitable access to health care services, as well as programs that help reduce risky behaviors and promote safe and healthy environments. The McShin Foundation was founded in 2004 and is Virginia's leading non-profit, full-service Recovery Community Organization (RCO), committed to serving individuals and families in their fight against Substance Use Disorders. > Read more.
Community

YMCA event will focus on teen mental health


The YMCA, in partnership with the Cameron K. Gallagher Foundation and PartnerMD, will host a free event May 2 to help parents learn how to deal with teen mental health issues. “When the Band-Aid Doesn’t Fix It: A Mom’s Perspective on Raising a Child Who Struggles” will be held from 6:30 to 8 p.m. at the Shady Grove Family YMCA,11255 Nuckols Road. The event will focus on education, awareness, and understanding the issues facing teens today. > Read more.

Villa’s Flagler Housing wins national NAEH award


St. Joseph's Villa’s Flagler Housing & Homeless Services was one of three entities to earn the National Alliance to End Homelessness' Champion of Change Award. The awards were presented Nov. 17 during a ceremony at the Newseum in Washington, D.C.

NAEH annually recognizes proven programs and significant achievements in ending child and family homelessness.

Flagler completed its transition from an on-campus shelter to the community-based model of rapid rehousing in 2013, and it was one of the nation's first rapid re-housing service providers to be certified by NAEH. > Read more.
Entertainment

Restaurant Watch


Find out how your favorite dining establishments fared during their most recent inspections by the Virginia Department of Health. > Read more.

 

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