If you need assistance, please call 804-353-1250

Richmond Market Recap

Tuesday, May 14, 2024   /   by Annie Junker

Richmond Market Recap

Richmond Market Recap
View this email in your browser

The latest news from The Chris Small Group...
Rather watch the video than read the post? Click the photo above!

Richmond Market Recap
 

Good news, everybody!

As turbulent as times seem to have been over the last year, and might be this year, the good news for Richmond luxury real estate is that things are moving forward quite nicely.

In 2022, there were 55 transactions over $2,000,000 and in 2023 there were 90! But one of the most distinctly different things between 2022 and 2023 was, even though on a nationwide basis there were 25% fewer transactions, we had almost twice as many transactions above $2,000,000... which is a really big deal! Furthermore, the high prices of some of those transactions were markedly higher than they were in 2022.

So for the luxury market in Richmond, it does appear to be healthy and moving forward. And I think people from other cities outside of Richmond are recognizing what a great value the Richmond area is, particularly for luxury homes. The bottom line? Values are getting stronger which is GREAT news.

If you have questions about how this might affect your home or your personal real estate situation, give me a call.

804-350-0879 | chris@smallre.net | chrissmallgroup.com


*In 2023, 83% of our listings sold at or over the list price, and 61% sold OVER the list price!


-----

It is my responsibility as your REALTOR® to ensure that when others around you are lowering their expectations, this becomes the time for us to switch gears and discover how to leverage the market effectively to achieve your goals.

If you would like to know more about the current market, or if you have any general real estate questions, call or text me on my cell phone at 804-350-0879 or you can email me at chris@smallre.net.

If you are looking to begin a home search, visit my website to get started!

    NEW LISTING!
    3023 Hanover Avenue
    Museum District

     
    Showings begin May 9th and the house will be open Saturday, May 11th and Sunday, May 12th, 1-4 PM
     
    LEARN MORE
    NEW LISTING!
    12 North Crenshaw Avenue
    Museum District

     
    Showings begin May 9th and the house will be open Saturday, May 11th and Sunday, May 12th, 1-4 PM
     
    LEARN MORE
    Want to find out the value of your home? 
    Sign up here for our Auto Evaluation service and to stay up-to-date on your property!
    Additional resources
     
    We are select partners with REALM and Leverage Global Partners. What does this mean for you as our client? If you are looking to relocate or buy a second home in an entirely different city (or on a different continent!), Small and Associates has you covered. As a member of these exclusive networks, we work with other like-minded agents and to put you in touch with the right REALTOR® outside of the Central Virginia area. If you or someone you know has been considering a unique move, let us be your guide.
     
    To learn more, click the links below:
     
    In addition to being a partner to two exclusive global networks, I am a proud member of the Institute for Luxury Home Marketing and am a Certified Luxury Home Marketing Specialist. This means that I will market your property to the highest standards with access to the latest trends in the industry. I am the only Real Estate professional in the Central Virginia area with this designation!
    Are you interested in buying a second home but, aren't ready to fully commit to another property? As a part of our partnership with REALM, we can direct you to properties all over the world with Pacaso. Pacaso is Luxury Co-Ownership where you have the ability to  own a second house for 1/8 of the cost. Click here to learn more and to start shopping!
    Are you looking for your own slice of "La Dolce Vita"? Small and Associates has the connections to make it happen. We have personal contacts with firms in Italy and would be happy to help with your home search and make an introduction!
    Client Testimonial: Click the link below to hear from Sarah Merriman, a client of Chris Small. Thank you for your kind words Sarah! It's always been an honor to help you with your Real Estate goals.
    Client Testimonial from Sarah Merriman
    The Chris Small Group at Small and Associates
    At The Chris Small Group, we embrace today's dynamic Real Estate market with fresh and strategic approaches to deliver optimal results. Our mission is to craft customized marketing plans that align precisely with the current market landscape. We commit to delivering exceptional outcomes that resonate with trends and buyer preferences. With our unmatched understanding of market dynamics, we ensure our clients' homes stand out and captivate potential buyers. Trust our expertise to maximize your property's exposure and generate genuine interest. Choose The Chris Small Group and experience the transformative power of our innovative and market-savvy approach in today's evolving real estate landscape.
    A Story of a Sale: 3301 West Franklin Street
    Chris Small, Broker | Owner
    Luxury Real Estate Specialist

    804-350-0879 | chris@smallre.net
    chris.findahomerichmond.com
    Instagram
    Facebook
    Website
    YouTube
    Twitter
    Copyright © 2023 Small & Associates Real Estate, All rights reserved.
    You are receiving this email because you have provided your email to Small and Associates Real Estate, Inc.

    Our mailing address is:
    Small & Associates Real Estate, Inc.
    3103 Ellwood Avenue
    Richmond, VA 23221

    Want to change how you receive these emails?
    You can update your preferences or unsubscribe from this list.
     
    Copyright © *|CURRENT_YEAR|* *|LIST:COMPANY|*, All rights reserved.
    *|IFNOT:ARCHIVE_PAGE|* *|LIST:DESCRIPTION|*

    Our mailing address is:
    *|HTML:LIST_ADDRESS_HTML|* *|END:IF|*

    Want to change how you receive these emails?
    You can update your preferences or unsubscribe from this list.

    *|IF:REWARDS|* *|HTML:REWARDS|* *|END:IF|*
    Small & Associates Real Estate, Inc.
    3103 Ellwood Ave.
    Richmond, VA 23221
    804-353-1250

    Listings Last Updated: May 29, 2024 Feed Last Updated: May 29, 2024

    All or a portion of the multiple Listing information is provided by the Virginia MLS Cooperative, from a copyrighted compilation of Listings. All Virginia MLS Cooperative information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2024 Virginia MLS Cooperative. All rights reserved.

    This site powered by CINC: www.cincpro.com