Please ensure Javascript is enabled for purposes of website accessibility

residential real estate

Jan 25, 2021

Va. saw 10.8% increase in home sales in 2020

Virginia saw a 10.8% increase in the number of homes sold during 2020 compared with the year before, according to a report released by Virginia Realtors. It marks the fastest growth in annual sales seen in Virginia in more than five years.  During 2020, 139,908 homes sold in Virginia, compared with 126,305 homes sold in […]

Fredericksburg Industrial Park. Photo courtesy Cushman & Wakefield | Thalhimer
Jan 18, 2021

Four industrial buildings in Spotsylvania County sell for $14M

Four industrial buildings in Spotsylvania County sold for $14 million and will be redeveloped into an apartment complex, Cushman & Wakefield | Thalhimer announced Monday. The 495,830-square-foot, four-building Fredericksburg Industrial Park is located at 11800-11900 Main Street and 10857 Houser Drive in Spotsylvania County. Monument Cos. plans to redevelop the property into 525 one- and [&hell[...]

Condominium complex rendering courtesy Finmarc
Jan 15, 2021

Alexandria office building sells for $13.12M; to be converted to condos

An office building in Alexandria that sold for $13.12 million will be converted to condominiums, according to an announcement from Bethesda, Maryland-based commercial real estate firm Finmarc Management Inc.  Located at 801 N. Fairfax Street, the vacant four-story, 65,971-square-foot building will be converted to a 54-unit complex. Construction is expected to begin this year, but […]

Tanya Monroe. Photo courtesy Berkshire Hathaway HomeServices Towne Realty
Dec 18, 2020

Hampton Roads Realtors Association installs new chairman

Berkshire Hathaway HomeServices Towne Realty announced last week that Tanya Monroe, the managing broker of its Chesapeake sales office, has been installed as Hampton Roads Realtors Association’s (HRRA) chairman for 2021. With 20 years of experience in the real estate industry, Monroe has experience as an agent and as president of the Tidewater Association of […]

Home sales in Virginia during the month of November for years 2016 through 2020. Graphic courtesy Virginia Realtors
Dec 17, 2020

Va. home sales up by 30% in November

Virginia home sales were up by more than 30% in November — marking the greatest increase in home sales activity in more than six years, according to data released Thursday by Virginia Realtors. During the month of November, there were 11,590 home sales in Virginia, an increase of 2,681 from the same time last year. Year-to-date […]

Art Zachary. Photo courtesy Rose & Womble
Dec 7, 2020

Rose & Womble president/CEO to retire in June 2021

Virginia Beach-based real estate company Rose & Womble Realty Co. announced last week that its president and CEO, Art Zachary, will retire in June 2021. Zachary started with the company in June 1970. It became Rose & Womble in June 1998. He will continue to serve as chairman of the board and work with the […]

Change in median sales prices graphic courtesy Virginia Realtors
Nov 18, 2020

Va. home prices, sales up during October

Home prices in Virginia continued to surge during October due to high demand, low inventory and mortgage rates, according to a report released by Virginia Realtors on Tuesday. Northern Virginia, Central Virginia and Hampton Roads saw median home prices rise by 15% when compared with the same time last year. The median statewide home sales […]

Ashton Apartment Homes rendering courtesy S.L. Nusbaum
Nov 18, 2020

Construction begins on $20M Norfolk apartment complex

Construction began late last week on a $20 million apartment complex at the site of the former American Cigar Co. in Norfolk, according to S.L. Nusbaum Realty Co. The 118-unit complex (including one-, two- and three-bedroom floor plans) will be located at 1140 and 1148 E. Princess Anne Road in Norfolk’s Bruce’s Park neighborhood. The […]

Nov 11, 2020

Active Hampton Roads home listings dropped nearly 40% in October

Compared to last year, active Hampton Roads home listings were down nearly 40% in October, Real Estate Information Network Inc. (REIN) reported Tuesday. Only 4,887 homes were on the market, compared to 8,089 last year marking the sixth consecutive month that inventory has fallen more than 32% year-over-year, according to REIN. “Extremely low inventory has […]

Elan-Williamsburg apartments. Photo courtesy Colliers International
Oct 19, 2020

Williamsburg apartment complex sells for $46.5M

An apartment complex in Williamsburg sold for $46.5 million, commercial real estate firm Colliers International announced Wednesday. Located at 100 Whitworth Way, Elan-Williamsburg is a 198-unit apartment complex developed by Charleston, South Carolina-based real estate developer Greystar in 2018. It was sold to Glen Allen-based real estate investment group Capital Square 1031. Nine different floo[...]

Graphic courtesy Virginia Realtors
Oct 16, 2020

Virginia Realtors turns 100

This month, Virginia Realtors will be 100 years old, marking its anniversary as a centenarian while the residential real estate market in Virginia continues to climb despite the pandemic. Founded on Oct. 22, 1920, Virginia Realtors has become one of the largest trade associations in the state, representing 35,000 members in the residential and commercial real […]

Oct 16, 2020

NoVa housing market continues upward trend in September

Unlike other industries struggling during the pandemic, residential real estate continues to stay strong. Northern Virginia Realtors saw a 58% increase, or nearly $1.5 billion, in the amount of real estate sold in September compared to the same time period last year, according to the Northern Virginia Association of Realtors (NVAR). The NVAR service area […]

YOUR NEWS.
YOUR INBOX.
DAILY.

By subscribing you agree to our Privacy Policy.