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

County streamlining, expanding some GRTC routes in Henrico


Some of Henrico County’s busiest GRTC bus routes will expand to include weekend service and will be regularly scheduled in 30- or 60-minute intervals, a Henrico Department of Public Works official told the county's Board of Supervisors earlier this month.

“This is about optimizing routes,” County Manager John Vithoulkas said. > Read more.

AAA to host summer car care events Saturday


AAA Mid-Atlantic will host summer car care events this Saturday, July 29, including at one of its Henrico locations.

AAA surveys show that many motorists are unprepared for roadside emergencies, so the organization will offer free battery, tire pressure and car maintenance checks at the events, which will run from 9 a.m. to 1 p.m. > Read more.

Janet James, pastor


Tennessee native Pastor Janet James of Gayton Kirk Presbyterian grew up in a small town surrounded by mountains in Eastern Tennessee called Dayton.

She grew up worshiping Baptist, but that soon changed when she attended college and explored her religious options. James attended a worship and music conference in 1989 in Montreat, N.C., that made her question her career choices. She could not stop studying and reading more about God and decided to go to career counseling. > Read more.

New utility services number for metro area

Richmond city, Henrico, Chesterfield and Hanover county natural gas customers have a new number to call for their utility services.

The City of Richmond Department of Public Utilities has replaced its old number, (804) 646-7000 as well as 311, with it's new number, (804) 646-4646 for all calls relating to utilities. Utilities include natural gas, water, sewer, storm-water and electric street-lighting. > Read more.

Henrico County property transactions, July 10-16


A sample of property transactions during this period appear below:

3714 Pemberton Ave.- $105,000, 720 SF (built in 1957), from William F. Patton Jr. to Jessica Garcia.

510 Besler Ln.- $121,000, 964 SF (built in 1986), from Joseph and Coral P. Bolden to Taneen Marlow.

3502 Westcliffe Ave.- $140,000, 1,564 SF (built in 1947), from Benny H. Wilson Jr. to Benjamin A. Nyannor. > Read more.

Henrico Business Bulletin Board

July 2017
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