Mangohick
Real Estate
Richmond's new apartment wave is peaking
Data: RentCafe; Note: Includes apartment constructions with 50 or more units; Chart: Axios VisualsRichmond is expected to slow the pace of new apartment construction by 2028, a new report finds.Why it matters: The projected cool-down comes as a national shortage of homes to buy or rent is keeping housing prices high.By the numbers: Metro Richmond completed construction of 15,936 apartments from 2019 to 2023, per a recent analysis by RentCafe.That number is poised to drop to an estimated 15,325 for 2024 to 2028 — a nearly 4% drop. That includes around 4,510 apartments on track to be delivered this...
Henrico Property Transactions: Sept. 18-24, 2024
Tuckahoe District – $200,000, 1,458 SF (built in 1986), from William E. Daner Jr. and Betty B. Daner to Hanover Home Buyers LLC. 508 Luther Road, Varina District – $234,950, 1,152 SF (built in 1968), from Raymond Trippet to Stephanie A. Curtis. 10216 Wolfe Manor Court, Unit...
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