Greater Richmond Real Estate and Community News

 

April 11, 2019

A MILLION BLOOMS

The Garden’s celebration of spring! A parade of blooms unfurls as the weather warms: daffodils, tulips, peonies, roses and many more. Events throughout the season include Butterflies LIVE!Peek-a-Bloom with Peter RabbitMother’s Day Weekend, Spring PlantFest.

 

  • 1800 Lakeside Ave., Henrico, VA 23228
  • Dates: April 1, 2019 - June 1, 2019
  • Recurrence: Recurring daily
  • Venue: Lewis Ginter Botanical Garden
  • Time: 9:00 AM to 5:00 PM
  • Price: Regular Garden Admission
Posted in Community News
April 11, 2019

ATLANTIS: A NEW MUSICAL

The new, original musical Atlantis takes us to an idyllic and isolated island just days before its sudden disappearance. When an outsider washes ashore and exposes a dark secret, the faith and duty that bonds all Atlanteans is fractured, giving rise to a new and unexpected leader.

Suggested for ages 8 and up

Access for the Blind
Sunday, April 28 at 2 p.m
Virginia Rep is delighted to partner with Virginia Voice to offer select Audio Described performances for patrons with blindness or advanced visual impairment. Tactile tours will take place before the performance for patrons to meet some of the actors and touch some of the set pieces and props.

114 W. Broad St., Richmond, Richmond, VA 23220

  • Dates: Apr 11 - 14, Apr 17 - 20, Apr 24 - 28, May 2 - 5 2019
  • Venue: Virginia Rep's November Theatre
  • Phone: (804) 282-2620
  • Price: Tickets start at $36
Posted in Community News
April 11, 2019

Why Pet-Friendly Homes Are in High Demand

One of the many benefits of owning your own home is the freedom to find your ‘furever' friend. By pointing out the aspects of your home that make it ‘pet-friendly’ in your listing, you’ll attract these buyers, rather than alienating the 68% of American households that have a pet!

If you are one of the many homeowners looking to list your home for sale, how do you stand out to the millions of pet parents searching for their dream home?

Whether a dog person, a cat person, or someone who prefers the company of another pet species, 99% of pet owners say that they consider their animal to be family. When finding a home, 95% of animal owners believe it is important that a housing community allows animals.

study by the National Association of Realtors (NAR) revealed that there are many aspects of the home buying, selling and owning experience that have been greatly impacted by our love for our pets.

This should come as no surprise, as $72 billion was spent on pets in the U.S in 2018. NAR’s President William E. Brown shed some light on the impact of pet owners and their home search.

“It is important to understand the unique needs and wants of animal owners when it comes to homeownership. REALTORS® understand that when someone buys a home, they are buying it with the needs of their whole family in mind; ask pet owners, and they will enthusiastically agree that their animals are part of their family.”

The Power of Pets When Choosing the Right Home

  • 89% of pet owners say they would not give up their pet due to a housing restriction
  • 81% of Americans say their pets play a role in their housing situation
  • 31% of animal owners have refused to put in an offer on a home because it wasn’t a good fit for their animals
  • 19% of Americans say they would consider moving for their pet
  • 12% percent have moved for their pet

New home builders have actually begun installing retractable pet gates that tuck away neatly inside door jams as a highly requested feature in new homes to attract pet-parents.

So, if you are a homeowner looking to sell in today’s pet-friendly environment, point out the features of your home that will attract pet owners:

  • Fully fenced in backyard – (91% of pet owners ranked this as the most important feature of a home to accommodate their pet)
  • Locations of dog parks/walking paths/pet-friendly beaches in the area (71% ranked this as the top feature of any neighborhood they would consider)
  • Proximity to veterinarians/groomers/pet supply stores (31%)

Bottom Line

Americans love their pets and will look for pet-friendly features in the home they wish to buy, so take advantage of this knowledge by pointing out your home’s ability to meet their needs.

Posted in Real Estate News
April 11, 2019

Home Value Appreciation Stops Falling, Begins to Stabilize

The percentage of home price appreciation on a year-over-year basis has decreased each month for over a year. The question was how far annual appreciation would fall. It seems we may now have the answer.

In a recent post on the National Association of Realtors’ Economists’ Outlook Blog, it was revealed that Realtors are starting to sense that home values are beginning to stabilize and that we may see appreciation beginning to accelerate again:

“About 3,000 REALTORS® who responded to NAR’s February 2019 REALTORS Confidence Index Survey had more optimistic— although modest— home price growth expectations over the next 12 months. Respondents expect home prices to typically increase by 1.9 percent nationally, up from 1.4 percent in the January survey.”

The thinking that home appreciation has bottomed-out was also confirmed in two additional housing reports recently released:

CoreLogic Home Price Index – The analysts at CoreLogic increased their projection for home appreciation for the next twelve months to 4.7% as compared to the 4.6% they projected in their previous report.

The Home Price Expectation Survey – In the 2019 first quarter survey, the nationwide panel of over one hundred economists, real estate experts, and investment & market strategists increased their projection for home value growth in 2019 to 4.3% compared to the 3.8% increase they had projected in the fourth quarter of 2018.

Bottom Line

Agents working the business every day, one of the premier data companies in the real estate space, and one hundred housing experts all agree: home price appreciation has ended its decline and looks to be stabilizing… and may even accelerate.

Posted in Real Estate News
March 28, 2019

Carytown food tour

Taste the best of Carytown with the city’s top-rated, most delicious walking food tour! Explore the neighborhood from an insider’s perspective as you enjoy food and snacks from 5-6 different restaurants, cafes, and shops and learn from our expert guides about the fun and quirky history of Richmond’s most exciting neighborhood. Carytown, otherwise known as The Mile of Style, is an eclectic mix of restaurants, boutiques, and professional services. Including the east coast’s oldest outdoor shopping center and a movie theater that will take you back in time, you’ll fall in love with this unique neighborhood instantly. 

  • Richmond, VA 23221
  • Recurrence: Recurring weekly on Sunday, Saturday
  • Venue: River City Food Tours - Carytown
  • Phone: 804-479-8929
  • Price: $60
Posted in Community News
March 28, 2019

Data Says April is the Best Month to List Your Home for Sale

Data Says April is the Best Month to List Your Home for Sale

Data Says April is the Best Month to List Your Home for Sale | MyKCM

The spring housing market is off to the races! The inventory of homes for sale is increasing, buyers are out in force, and interest rates have remained low, piquing the interest of buyers and sellers previously on the fence about making a move.

New research from realtor.com shows that the first week of April is actually the best time to list your house for sale! The report used “trends in median listing prices, views per property on realtor.com, home price drops, median days on market, and number of listings on the market over the last three years,” to determine a ranking for every week of the year.

Listing your home in the first week of April contributes 14x more property views, 5% less competition from other home sellers, and results in the home being sold 6 days faster!

Below is a graph indicating the average score for each month of the year.

Data Says April is the Best Month to List Your Home for Sale | MyKCM

It should come as no surprise that April and May dominate as the top months to sell. The second quarter of the year (April, May, June) is referred to as the Spring Buyers Season, when competition is fierce to find a dream home, often leading to bidding wars.

However, there is one caveat worth mentioning. When broken down by metro, realtor.com noticed that while warmer climates share an overall trend, they have different top sales months. The best month to get the most exposure in Miami, FL, for instance, is August, while in Phoenix, AZ, June leads the charge.

If you’re thinking of selling your home this year, the time to list is NOW! According to the National Association of Realtors, 41% of homes sold last month were on the market for less than 30 days! If you list now, you’ll have a really good chance to sell in April or May, setting yourself up for the most exposure!

Bottom Line

Let’s get together to discuss the market conditions in our area to get you the most exposure to the buyers ready and willing to make a move!

Posted in Selling Your Home
March 26, 2019

INTERNATIONAL LASER TAG DAY

Laser Tag Day commemorates the beginning of the first laser tag, Photon, which was created by Dallas inventor George Carter III and opened its first site in 1984. Carter is considered to be the founder of the laser tag industry and will be a special guest in attendance at the event. Laser Quest is a family entertainment venue combining the classic games of hide-and-seek and tag with a twist. Their multi-level arenas have specialty lighting, swirling fog and energetic music to add to the excitement for up to 32 or more players in each game.

  • 889 Research Road, Richmond, VA 23236
  • Date: March 28, 2019
  • Venue: Laser Quest Richmond
  • Time: 5:00 PM to 9:00 PM
  • Price: $5 games of Laser Tag
Posted in Community News
March 26, 2019

20 Tips for Preparing Your House for Sale This Spring

  • When listing your house for sale, your top goal will be to get the home sold for the best price possible!
  • There are many small projects that you can do to ensure this happens!
  • Your real estate agent will have a list of specific suggestions for getting your house ready for market and is a great resource for finding local contractors who can help!
Posted in Selling Your Home
March 21, 2019

2ND ANNUAL SOUTHERN FOOD FEST

 

March 23rd marks the 2nd Annual Southern Food Festival and Amateur Southern Dish Competition! Incredible food vendors such as, Mama J's, Jake's Place, Early Bird Biscuit, Grandpa Eddie's Alabama Ribs & BBQ, Capitol Waffle Shop, Cold Stone Creamery and more! Winners of the Amateur Southern Dish Competition will be announced and PRIZES awarded at the festival. 2 amazing bands (Buckville Hootenanny and Commonwealth Bluegrass Band) + 2 special beer releases will make this a day like no other.

 

  • 11293 Air Park Road, Ashland, VA 23005
  • Dates: March 23, 2019
  • Venue: Center of the Universe
  • Phone: (804) 368-0299
  • Time: 12:00 PM to 7:00 PM
  • Price: FREE
Posted in Community News
March 21, 2019

Is Your House Priced To Sell Immediately (PTSI)?

  • Is Your House Priced To Sell Immediately (PTSI)?
  •  
  • In today’s real estate market, with more houses coming to market every day and eager buyers searching for their dream home, setting the right price for your house is one of the most important things you can do.
  • According to CoreLogic’s latest Home Price Indexhome values have risen at over 6% a year over the past two years, but have started to slow to 4.4% over the last 12 months. By this time next year, CoreLogic predicts that home values will be 4.6% higher.
  • With prices slowing from their previous pace, homeowners must realize that pricing their homes a little OVER market value to leave room for negotiation will actually dramatically decrease the number of buyers who will see their listing! (see the chart below)
  • Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price their house so that demand for the home is maximized. By doing so, the seller will not be negotiating with a buyer over the price, but will instead have multiple buyers competing with each other over the house.
  • The key to selling your house in 2019 is making sure your house is Priced To Sell Immediately (PTSI)! That way, your home will be seen by the most buyers and will sell at a great price before more competition comes to market!
  • Bottom Line
  • If you are debating listing your house for sale, let’s get together to discuss how to price your home appropriately for our area and maximize your exposure this Spring Market!
Posted in Real Estate News