SOLD Richmond Virginia Properties – 620 & 622 N 29th St

Great Richmond Real Estate Investments

Thanks to the expert Richmond Realtors at The 20/20 Team these two great Richmond Virginia Properties went from “For Sale” to “SOLD” in just FOUR DAYS! These wonderful Richmond real estate investments are located in the heart of Church Hill, area completely renovated and each feature two bedrooms and one bathroom. These Richmond Virginia properties are the perfect real estate investment and are currently rented to wonderful section 8 tenants producing GUARANTEED INCOME each month. If you are interested in learning how to invest in Richmond Real Estate or looking for your next great Richmond Real Estate Investment contact us today to see how we can help.

Great Richmond Real Estate Investment

620 & 622 N 29th ST , Richmond VA

Richmond Virginia Real Estate Search

Are you looking to Buy a home? Not sure where to start you Richmond Virginia Real Estate search? Well look no further! Stop by www.GoRichmondRealEstate.com and let us help you find homes in Richmond Virginia. Here you can browse our featured homes in Richmond Virginia for sale, search all Richmond MLS listings using our real estate search tool, or perform a real estate search by neighborhood allowing you to find your dream home in the perfect neighborhood. Out of all the ways we have to find homes in Richmond Virginia for sale we are sure you can find the one that is right for you. If you can find what you need give us a call at 804.545.4458 and let one of our expert Richmond Realtors help.

Expert Richmond Realtors

Regardless of if you are looking to buy a home, sell a home, or invest in Richmond real estate you need the help of an experienced realtor in Richmond. If you are looking to buy a home our Richmond real estate experts at The 20/20 Team – Keller Williams Richmond VA can help you determine your buying power, assist you in the home selection process, provide you with expert negotiation skills, give expert advice during the inspection period, identify qualified lenders and help guide you through the closing process. If you are looking to sell a home our Richmond real estate experts can give you up-to-date information on the real estate market, provide expert marketing and advertising, help you get the most money for you home, objectively evaluate every buyers offer and help close the sale of you your home. Contact us today and let us help you with all of your Richmond real estate needs.

Excellent News for Home Buyers: US Prices Stabilizing

Home Selling 6If you’ve been weighing whether now is the right time to enter the local housing market as a home buyer, we have some news to share with you that will help you decide.

According to a recent report from real estate data provider CoreLogic, U.S. home price gains are slowing down, despite an increase during the month of August.

This is great news for home buyers because it means that you have a fantastic opportunity to get a reasonable price on your next home before prices continue to rise!

What Every Home Buyer Should Know About Recent US Housing Market Activity

CoreLogic reported that home prices increased 6.4 percent in August when compared to last year.

Still, that figure is actually down slightly from the annual gain of 6.8 percent in July.

Here’s what else the recent housing market report revealed:

  • The increase in home prices is also down when compared to how much they had been rising toward the end of last year. During that time, prices were rising as much as 12 percent.
  • Home sales have been mostly stable throughout 2014, as have price gains.
  • All states showed home price gains during the month of August, save for Arkansas where prices were stagnate.
  • Home values rose 11.1 percent in Michigan, which led the pack. And values in California and Nevada came in second place with 9.2 percent.
  • In terms of specific cities, the Houston area saw home values increase 11.1 percent compared to the previous year. Los Angeles, Atlanta, Dallas and Riverside also saw large gains.
  • Home prices nationwide remain about 12.1 percent below their peak average in April 2006.
  • Home purchases decreased 1.8 percent to a seasonally adjusted annual rate of 5.05 million in August.
  • Home sales decreased from a July rate of 5.14 million.
  • Meanwhile, the pace of home sales dropped 5.3 percent year-over-year.
  • Experts say that an annual sales rate of 5.5 million is considered a healthy market.
  • Meanwhile, the median sales price has increased 4.8 percent over the last 12 months to $219,800, although that average dropped slightly during the month of August when compared to July and June.

Experts say that most of any uptick in sales activity (and thus, values) on the national housing market would depend on wage growth. That’s because wages are currently neck-in-neck with inflation, making it hard for home buyers to increase in buying power.

Still, there’s hope on the horizon:

Although hourly wages have only increased 2.3 percent over the last 12 months, there are signs that that activity will pick up in 2015.

Use Recent Activity on the National Housing Market to Your Advantage

As you can see, the market has stabilized itself enough where you could purchase a home and get a pretty good return on your investment as values eventually continue to rise.

So if you’re thinking about investing in real estate anytime soon, now is the time to do so!

And be sure to check back here soon as we continue to discuss with you important real estate trends that impact you!

Northside Beauty Under Contract! – SOLD Richmond Real Estate

Richmond Real Estate Listing – 3200 Barton Ave

Thanks to the expert Richmond Realtors at The 20/20 Team this charming colonial went under contract in just TWO DAYS! This wonder Richmond real estate listing is maintenance free & move in ready! The property was completely renovated in 2012 & features beautiful refinished hardwood flooring throughout, a formal dining room with a bay window open to the spacious family room, hosting a beautiful mirrored mantle, a like new eat-in kitchen with stainless steel appliances, ceramic tile floors & recessed lighting, a cozy office with attached bath & French doors & stunning oversized windows throughout flooding the home with tons of natural light. All of this just on the 1st floor! Move upstairs & you will find the home’s 4 bedrooms including the master with a bay window & private balcony & the home’s 2nd full bath. When you’re not busy inside take a moment to enjoy the outdoors on either of the two porches or sit on the balcony & enjoy the view of the fully fenced back yard. There is no shortage of storage in this one either with the finished attic & unfinished walkout basement. With new plumbing, HVAC, & electrical systems installed in 2012 & a new roof installed in 2014, you won’t have a worry in the world while you enjoy your new home! We told you this great piece of Richmond Real Estate would not last for long!

SOLD Richmond Real Estate

3200 Barton Ave, Richmond, VA 23222

Realtors in Richmond

Are you looking to buy a home, sell a home or invest in Richmond real estate? Are you looking for Realtors in Richmond? Contact the expert Richmond Realtors at The 20/20 Team – Keller Williams Richmond VA. Our team of Richmond Real Estate Experts helps hundreds of people buy a home or sell a home in Richmond each year. If you are looking to buy a home in Richmond VA our buyers specialist Sean Pierce can help. Sean sees hundreds of homes each month and can help ensure that you find your dream home at the right price! Looking to Sell a home? Our listing specialist Tyler Rackley has you covered! Tyler has sold over 60 homes this year and can help you take your home for “For Sale” to “SOLD!” Get the representation you deserve and let the Richmond real estate experts help you get the right price for your home!

Search for Homes in Richmond Virginia

Are you just starting your Richmond Real Estate Search? Are you not sure the best way to search for homes in Richmond Virginia? Well look no further! Stop by www.GoRichmondRealEstate.com today and start you Richmond real estate search. Here you can browse our featured Richmond Real Estate listings, search all Richmond Virginia MLS listings using our real estate search tool, or perform a real estate search by neighborhood ensuring you find the perfect home in the perfect neighborhood. Whichever way you choose to search you are sure to find you Richmond Dream Home!

Beautiful Brandermill Real Estate Listing – Midlothian, VA

Chesterfield Virginia Real Estate Listing – 2203 Birnam Woods PL

Check out this wonderful Midlothian Virginia Real Estate listing located in the heart of Midlothian in Brandermill . This wonderful 4 bedroom 2.5 bathroom home is move in ready and boasts amazing updates such as new Pella Windows in 2012, Updated Kitchen with granite counter tops and new cabinets, new roof installed in 2007, fully fenced backyard, fresh paint & so much more! The 1st floor offers plenty of living space & room to entertain with a formal living & dining room, huge family room with wood burning fireplace, & spacious eat-in updated kitchen with not 1 but 2 pantries! The upstairs of this pristine property hosts the homes 4 bedrooms including the master suite featuring a large walk-in closet, attached master bath, & floating laminate hardwood floors. There is no shortage of storage in this one either with a massive walk-up attic, 1 car garage, & extra storage in the homes eaves accessible from the 4th bedroom. When you’re not enjoying the inside of your new home move outdoors to either the fully fenced backyard & large deck or go for a stroll on Brandermill’s wonderful trail system featuring over 15 miles of gorgeous walking and bike paths. This Chesterfield Real Estate Listing has it all! But you don’t have to take my word for it! Check it out today before it’s too late!

Charming Colonial for sale  in Beautiful Brandermill

2203 Birnam Wood PL , Midlothian, VA

Want to Buy a Home or Sell A Home in Richmond Virginia?

Are you looking to make a move? Want buy a home in Richmond? Do you need to sell a home in Richmond Virginia? Look no further! The 20/20 Team at Keller Williams Richmond VA is here to help! Our team of Richmond real estate experts has the market knowledge you need when navigating the Richmond real estate market. Regardless of if you are looking to buy a home, sell a home or invest in real estate we have a Richmond Real Estate Agent that can help. Contact us today to see how we can work for you!

Richmond VA Real Estate Search

Start your Richmond VA real estate search off right at www.GoRichmondRealEstate.com ! We have multiple ways for you to find your dream home so stop by and take a look. Here you can either browse our featured listings, perform a search of all Richmond Virginia Real Estate listings by using our real estate search tool, or search for your dream home in your dream location using our real estate search by neighborhood feature. Whichever way you choose to search I am sure you’ll find the perfect home!

US Real Estate Market Sees 6-Year Home Sales High

US Home SalesWe’re breaking records on the U.S. housing market!

Evidently, during the month of August, national home sales reached their highest levels in more than six years, according to a recent report from the Commerce Department.

This is incredible! That means that sales activity has returned to the levels it was pre-bubble burst. And this spells great success for anyone interested in listing their home on the market.

A Closer Look at US Home Data

According to Commerce Department figures, new home sales jumped 18 percent to a 504,000 annualized rate, which is the strongest it’s been since May 2008.

Not only that, but this rate is even higher than the highest forecast made by a Bloomberg survey of economists.

This one-month increase shattered a 22-year record. That’s because the last time the US housing market saw a one-month increase this big was 1992.

Here’s what else the Commerce Department revealed in its report:

  • Economists surveyed in the Bloomberg report said the pace would increase between 405,000 and 455,000.
  • The median forecast of 74 economists was that the pace would increase 430,000.
  • The median sales price of a new house increased 8 percent year over year in August, to $275,600
  • Home purchases increased in three of four U.S. regions. The West led the group with a 50 percent jump.
  • The housing inventory (given the current sales rate) dropped to 4.8 months from 5.6 months in July.
  • There were 203,000 new houses on the market at the end of August.
  • Existing home sales decreased 1.8 percent to a 5.05 million annual pace last month. This occurred after existing home sales reached a 10-month high of 5.14 million in July.
  • Housing starts decreased 14.4 percent to a 956,000 annualized rate. This occurred after July’s 1.12 million pace was the strongest it’s been since November 2007.

Canada Home Sales See Encouraging Numbers as Well

  • Canadian national home sales increased 1.8 percent from July to August.
  • Actual (not seasonally adjusted) activity were 2.1 percent above August 2013 levels.
  • The number of newly listed homes decreased 1.2 percent between July to August.
  • The MLS Home Price Index increased 5.3 percent in August when compared to last year.
  • The national average sale price also increased 5.3 percent in August when compared to last year.

Moving The US Real Estate Market Forward

Experts say that the housing market has been growing in fits and starts but that steady growth is what will be needed in the long-term to effectively stabilize the market.

Still, home sellers can be encouraged by these recent numbers as they do demonstrate that the market is headed in the right direction!

Check back here soon as we continue to watch the housing market, looking for trends that impact you as home buyers and sellers.

Report: Big Homes Are a Hot Trend on the National Real Estate Market

US Construction Big homes are a big deal on the national housing market, according to a recent article in USA Today.

Evidently, a growing number of home buyers are looking for larger homes to accommodate their every need and desire.

In fact, of the 569,000 homes built last year in the US, about 33 percent (or 188,000 homes) had three or more bathrooms. That’s the largest share since tracking of new construction homes started in 1987.

Meanwhile, 44 percent of last year’s total new homes (or 251,000 homes) featured four or more bedrooms – which is the largest share it’s been since 1973.

These homes also tend to come with a lot more amenities:

  • 53 percent of the homes built last year (301,000) had a patio
  • 63 percent (361,000) had a porch
  • And 22 percent (127,000) had a deck

It’s quite an interesting trend, especially given that at the same time, home ownership rates are remaining stable and the size of families and households is actually decreasing.

Let’s Take a Closer Look At This Recent U.S. Trend

Here are some recent real estate market statistics that will provide additional context on this trend:

  • The average square footage of new single-family homes in the United States jumped almost 57 percent to 2,598 in 2013, compared with 1,660 in 1973.
  • The Northeast boasts the second-highest average square footage, with that number jumping from 1,959 to 2,636 during that same time period. That’s an increase of 65 percent!
  • Meanwhile, the number of people actually living in these homes has continued to decrease. In fact, the average number of people per household in the US decreased from 3.01 in 1973 to 2.54 in 2013.
  • Specifically, families have decreased from 3.48 to 3.12 during that same time period.
  • As one might expect, bigger homes have caused a rise in the average sales price of new construction homes. In fact, that figure skyrocketed from $62,500 in 1978 to $324,000 in 2013.
  • The Northeast has the highest average sales price, which exploded from $63,000 in 1978 to $469,000 in 2013 – an increase of 646 percent.
  • Even within the short time frame of 2012 to 2013, sales prices still showed huge increases. For instance, the average sales price of newly built single-family homes jumped 20 percent – from $292,000 in 2012 to $324,000 in 2013.

Yet the income levels of individuals are not keeping pace with these bigger (and more expensive) homes. For instance, the median income in the US increased by 9 percent from 1978 to 2012 – from $56,975 to $62,241.

And the home ownership rate continued to decrease – from 65.4 percent during the fourth quarter of 2012 to 65.2 percent during the fourth quarter of 2013.

Experts say that those people in the higher income levels that are more active on the housing market. Maybe that’s why all-cash sales accounted for 42.7 percent of all U.S. residential property sales during the first quarter of 2014, up from 20 percent during the first quarter of 2011.

What Do You Make of This Recent Real Estate Trend?

We would love to hear your thoughts!

We certainly think that all of this market activity will have an overall positive impact on the U.S. real estate market.

For now, be sure to check back here soon for more valuable and up-to-date information that may impact you as a buyer or seller.

Completely Renovated Richmond Real Estate Listing For Sale

Richmond Real Estate Listing – 5513 Dendron Drive

Check out this charming colonial! It is COMPLETELY RENOVATED, updated and The 20/20 Team’s newest listing! This beautiful three bedroom two full bath home features vinyl siding, new carpet, fresh paint and is moving in ready. This pristine property includes a large living room with lots of light, a lovely formal dining room open to the spacious eat in kitchen hosting stainless steel appliances and handsome dark cabinetry. Downstairs you will also find a cozy first floor bedroom perfect for either a first floor master or a great home office. Upstairs is home to two HUGE bedrooms both featuring large closets. There is no shortage of storage space in this one either with both a pull down attic and large walk in attic as well. This one has so much to offer you have to see if for yourself. Come take a look at his one before it’s too late!

RENOVATED Richmond Real Estate Listing

5513 Dendron Drive, Henrico, VA

Sell A Home with The 20/20 Team

Are you ready to move? Do you need to sell a home first? Contact Tyler Rackely and The 20/20 Team- Keller Williams Richmond West today. Tyler Rackley and his team of Richmond Realtors are experts at selling homes in Richmond Virginia. Through expert staging, superior marketing, and a proven pricing strategy Tyler has help hundreds of home owners take their Richmond home for sale from “For Sale” to “SOLD!” Contact us today to see how we can help you!

Richmond Real Estate Search

Are you looking to buy a home in Richmond Virginia? Well start you Richmond Virginia Real Estate Search at www.GoRichmondRealEstate.com ! Here you will find tons of great ways to search for dream piece of Richmond Real Estate. Stop by and browse our featured listings, search for Homes in Richmond Virginia using our real estate search tool, or find your dream home in your dream location by performing a real estate search by neighborhood. End your Richmond Real Estate Search and find your dream home online with The 20/20 Team.

US Home Sales Outperform Real Estate Experts’ Previous Predictions

US Home Selling 2It’s always a good sign on the national housing market when sales activity is better than even the experts predicted!

And that’s exactly what happened recently when the latest market activity report was released by the National Association of Realtors in July.

Evidently, contracts to purchase previously-owned properties increased more than expected during the month of July, signaling that there truly is renewed momentum on the national housing market.

Let’s Take a Closer Look at The Numbers

According to a report from the National Association of Realtors, the pending home sales index increased 3.3 percent after a 1.3 percent decrease during the month of June.

That increase is much higher than previously expected. In fact, the median projection according to a Bloomberg survey of economists called for the index to increase about 0.5 percent. Specifically, estimates from 37 economists ranged from a decrease of 0.5 percent to an increase of 3 percent.

So why did the number of home sales do significantly better than previously predicted?

Experts credit the increase to a lot of factors, including:

  • Increased hiring
  • Rising property values
  • Historically low interest rates

Not only are these factors increasing home sales but they’re also encouraging builders to break more ground.

Other factors encouraging a more robust housing market include a gross domestic product that grew at a 4.2 percent pace during the second quarter as well as the fact that unemployment claims decreased to 298,000 last week.

Experts add that faster wage growth as well as easier access to credit would also help boost the local economy

More Housing Market Data That Will Help Provide Context

Still, not all of the news from the national housing market has been completely positive.

Here are some other highlights of the National Association of Realtors’ latest report:

  • Purchase contracts decreased 2.7 percent in the 12 months ending in July, which followed a 4.7 percent year-over-year decline in June.
  • July marked the 10th month of year-over-year declines
  • The pending sales index was 105.9 on a seasonally-adjusted basis.
  • Pending sales increased in three of four regions. Specifically, sales were up 6.2 percent in the Northeast, 4.2 percent in the South and 4 percent in the West. Purchase contracts decreased 0.4 percent in the Midwest.
  • Resales increased to a 5.15 million pace, which is the best they’ve been since September.
  • Construction also rebounded, with starts climbing 15.7 percent to a 1.09 million annualized rate
  • Meanwhile, contracts on new homes dropped unexpectedly during the month of July to a 412,000 annualized pace, which is the weakest it’s been since March.
  • The average rate for a 30-year, fixed mortgage was 4.10 percent in late August, down from 4.53 percent at the start of the year

Let’s Start Discussing Your Personal Real Estate Dream!s

Are you interested in listing your property soon and getting a great price for it? Or perhaps you want to find the home of your dreams but just don’t know where to start.

Regardless of what your real estate needs are, we’re here to help!

And please make sure to check back here next month as we continue to provide you with valuable information that will help you navigate the local housing market!

 

US Home Sales Outperform Real Estate Experts’ Previous Predictions

US Home Selling 2It’s always a good sign on the national housing market when sales activity is better than even the experts predicted!

And that’s exactly what happened recently when the latest market activity report was released by the National Association of Realtors in July.

Evidently, contracts to purchase previously-owned properties increased more than expected during the month of July, signaling that there truly is renewed momentum on the national housing market.

Let’s Take a Closer Look at The Numbers

According to a report from the National Association of Realtors, the pending home sales index increased 3.3 percent after a 1.3 percent decrease during the month of June.

That increase is much higher than previously expected. In fact, the median projection according to a Bloomberg survey of economists called for the index to increase about 0.5 percent. Specifically, estimates from 37 economists ranged from a decrease of 0.5 percent to an increase of 3 percent.

So why did the number of home sales do significantly better than previously predicted?

Experts credit the increase to a lot of factors, including:

  • Increased hiring
  • Rising property values
  • Historically low interest rates

Not only are these factors increasing home sales but they’re also encouraging builders to break more ground.

Other factors encouraging a more robust housing market include a gross domestic product that grew at a 4.2 percent pace during the second quarter as well as the fact that unemployment claims decreased to 298,000 last week.

Experts add that faster wage growth as well as easier access to credit would also help boost the local economy

More Housing Market Data That Will Help Provide Context

Still, not all of the news from the national housing market has been completely positive.

Here are some other highlights of the National Association of Realtors’ latest report:

  • Purchase contracts decreased 2.7 percent in the 12 months ending in July, which followed a 4.7 percent year-over-year decline in June.
  • July marked the 10th month of year-over-year declines
  • The pending sales index was 105.9 on a seasonally-adjusted basis.
  • Pending sales increased in three of four regions. Specifically, sales were up 6.2 percent in the Northeast, 4.2 percent in the South and 4 percent in the West. Purchase contracts decreased 0.4 percent in the Midwest.
  • Resales increased to a 5.15 million pace, which is the best they’ve been since September.
  • Construction also rebounded, with starts climbing 15.7 percent to a 1.09 million annualized rate
  • Meanwhile, contracts on new homes dropped unexpectedly during the month of July to a 412,000 annualized pace, which is the weakest it’s been since March.
  • The average rate for a 30-year, fixed mortgage was 4.10 percent in late August, down from 4.53 percent at the start of the year

Let’s Start Discussing Your Personal Real Estate Dream!s

Are you interested in listing your property soon and getting a great price for it? Or perhaps you want to find the home of your dreams but just don’t know where to start.

Regardless of what your real estate needs are, we’re here to help!

And please make sure to check back here next month as we continue to provide you with valuable information that will help you navigate the local housing market!

 

Report: Bigger is Better for National Home Buyers

US New Home ConstructionThe sluggish housing market over the last several years did not have an impact on Americans’ desire for bigger and fancier homes, according to a recent report from USA Today.

Evidently, demand continues to grow for these large estates, especially as the housing market across the nation improves.

This is a fascinating trend on the national housing market and one that is sure to impact both home buyers and sellers.

Americans Love to Own Large, Luxury Homes

The American Dream of owning a bigger and better home is still very much alive across the country.

In fact, as the recent USA Today article noted, many of today’s buyers still want a house that includes as many luxury amenities and features as they can think of – or at least afford.

This may include gourmet kitchens, deluxe bathrooms, spacious decks or screened-in porches.

While this is occurring, experts also note that homeownership rates have remained mostly stagnant. And income growth appears to be lagging behind the rising price of homes.

Meanwhile, the size of families and households continues to shrink, even though the houses themselves are getting bigger.

Experts say that this is because Americans still love the idea of owning a home that makes a statement about them, that demonstrates their status in society.

A Closer Look at This Housing Market Trend

Here is some relevant data on this housing market trend, based on US Census data:

  • The average square footage of newly built single-family homes in the U.S. jumped by nearly 57 percent, from 1,660 in 1973 to 2,598 square feet in 2013.
  • The Northeastern region of the country had the second-highest average square footage, which rose by 65 percent. Specifically, the square footage jumped from 1,959 to 2,636.
  • Meanwhile, the average number of people per household in the U.S. dropped from 3.01 in 1973 to 2.54 in 2013.
  • Specifically, families fell to 3.12 members from 3.48 during the same period of time.
  • As a result of the construction of larger homes, the average sales price of newly built single-family homes in the U.S. skyrocketed by 419 percent from $62,500 in 1978 to $324,500 in 2013.
  • Even if you consider inflation, that still quite a jump, experts say.
  • The Northeast is home to the highest average sales price, which increased by 646 percent from $63,000 in 1978 to $469,000 in 2013.
  • Between 2012 and 2013 alone, the average sales price of newly built single-family homes in the U.S. jumped by 20 percent: from $292,000 to $324,500.
  • Meanwhile, the U.S. homeownership rate continued to drop during the fourth quarter of 2013: from 65.4 during the fourth quarter of 2012 to 65.2 percent.

So What Do Home Owners Get With These Newly Built Homes?

A better question is: What don’t they get?

Here’s a breakdown of these new construction homes and what they offer to buyers:

  • Of the 569,000 homes built last year throughout the U.S., 188,000 (33 percent) contained three or more bathrooms.
  • Meanwhile, 251,000 (44 percent) of last year’s houses featured four or more bedrooms, which is the largest share since 1973..
  • Also, of the homes built last year, 301,000 (53 percent) came with a patio.
  • And 361,000 (63 percent) featured a porch.
  • Meanwhile 127,000 (22 percent) included a deck.
  • Another trend that experts are seeing is more finished basements for added space, according to the report.
  • These homes have mostly hovered around one and two stories, however, despite the increase in size. In fact, 233,000 (41 percent) of newly built homes last year were one story and 305,000 (54 percent) were two stories. Meanwhile, only 31,000 (5 percent) were three stories or more.

Follow Our Blog for More Valuable National Real Estate Data

Check back here soon for more pertinent information on the housing market and how it may impact you as a buyer or seller.

We’ve made it our goal to help you stay informed as you navigate the market. After all, the better informed you are, the better prepared you are for securing a successful outcome on the housing market.