Local Real Estate & Market Updates

Found 4 blog entries about Local Real Estate & Market Updates.

A seller's market is most notably marked by a lack of inventory. Less supply=sellers' market. Despite Covid-19, we are finding that we are still in a sellers' market. The number of days on market is generally very few, and in the lower price ranges in particular (under $300k), sellers are receiving multiple offers and homes are selling for over list price. As a buyer, the way to navigate this is to put yourself in the best position possible to compete in a situation where there may be multiple buyers attracted to the area and price range where you are looking. Some ways to do this are to - 

  1. Once you have made the decision to look for a new home, get started in the process. If you are looking for a specific type of home or area, practice patience
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The Rick Cox Realty Group has always committed to excellence and professionalism, setting the bar at providing only the highest level of real estate service, even during these trying times. We will continue to serve future and current clients while keeping everyone’s safety in mind.  We are setting up our capabilities to serve you virtually through the following –

Virtual Home Evaluations & Appointments

We are expanding our capabilities to meet with those virtually through Video Chat for consultations on Selling or Buying a home. If you are interested in setting up one, please reach out to us at 804 920 1738 or via email rick@rickcoxrealty.com

Virtual Open Houses & Walkthroughs

 For our listings we are offering virtual open houses that

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Our team attended a Business Resource Meeting to learn more about Chesterfield County's Comprehensive Plan for the county that was presented by the Women’s Council of Realtors Richmond Chapter. The guest speaker, Steven Haasch, AICP Manager for Chesterfield County's Planning department discussed an overview of the vision the county is hoping to achieve for our community in the future.

The county currently has approximately 340,000 residents. The land that is currently available for development in the county is only ½ developed.  That leaves potential for this county to double in size. 

Chesterfield county is twice the size of Henrico and 8 times the size of Richmond. There is tremendous growth opportunity for our county and how we grow

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Knowing your market is important when it comes to finding a neighborhood to buy or sell in. By reading a market report, you can learn about the trends, average home pricing, and the market flow. This is also a great tool for those looking to invest in properties. To get a full analysis from the data below, compare the numbers from the third quarter in 2017 to the third quarter in 2018.  RounTrey is currently in its growth phase as new construction continues to occur throughout the corresponding neighborhoods. At full development, RounTrey will be complete with 870 Home sites, 550 Apartments, 435 Townhomes and more. For more information on the area, check out our community page on RounTrey where we recently did an interview with the developer of

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