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New Houses

The New Home market in Richmond Va is far healthier than it was during the market adjustment in 2007-2010. The overproduction of lots and speculative homes during the crash manifested itself in a dramatic and sometimes brutal price adjustment for those builders caught with unsold inventory. Many of these unsold lots and homes ended up on bank balance sheets only to be sold cheaply to the public or to other builders.

Beginning in 2011, with a general feeling that the market was attempting to find its bottom, the builders left standing began to accumulate lots at discounted prices from the banks or highly motivated developers. With lot pricing that had fallen (in some cases) by close to half, builders began to build homes that were smaller in scale than their pre-crash predecessors on lots that had been discounted by $50,000 or more. The new homes being built that used to retail for closer to $500,000, were now selling for considerably less.

New Homes For Sale

As with any Metro area, some neighborhoods recover more quickly than others. The same fundamentals that drive home values (schools, amenities, shopping, access, proximity and jobs) also drove recovery and the areas that were the strongest before the crash were the first to recover. Glen Allen, Midlothian and Mechanicsville have made back much of their losses while areas either further west (rural) or east of town are still lagging as excess lots still exist.

New Houses in City of Richmond

  • City of Richmond Less Than $250k
  • City of Richmond Between $250k and $350k
  • City of Richmond Between $350k and $500k
  • City of Richmond Over $500k

New Houses In Chesterfield County, VA

  • Chesterfield County Less Than $250k
  • Chesterfield County Between $250k and $350k
  • Chesterfield County Between $350k and $500k
  • Chesterfield County Over $500k

New Houses In Henrico County, VA

  • Henrico County Less Than $250k
  • Henrico County Between $250k and $350k
  • Henrico County Between $350k and $500k
  • Henrico County Over $500k

New Houses In Hanover County, VA

  • Hanover County Less Than $250k
  • Hanover County Between $250k and $350k
  • Hanover County Between $350k and $500k
  • Hanover County Over $500k

New Houses In Goochland County, VA

  • Goochland County Less Than $500k
  • Goochland County Over $500k

New Houses In New Kent County, VA

  • New Kent County Less Than $250k
  • New Kent County between $250k and $500k
  • New Kent County over $500k

New Houses In Powhatan County, VA

  • Powhatan County Less Than $250k
  • Powhatan County between $250k and $500k
  • Powhatan County over $500k

804.201.9683


How Do I Schedule a Showing?

I am Kendall C. Kendall, Client Care Coordinator for the team. I am a licensed Realtor and it is my job to answer questions and schedule showings for the properties shown on our sites. Here's our call policy.
kendall@richmondrelocation.net

804.305.2344


How Do I Determine What I Can Afford?

We offer competitive mortgage solutions with a commitment to exceed your expectations. We’re local industry experts who are also your friends and neighbors. Whether you want to communicate online or in person, we’re just a call or click away.
www.cfmortgagecorp.com
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Equal Housing

The Sarah Jarvis Team agrees to provide equal professional service without regard to the race, color, religion, sex, handicap, familial status, national origin or sexual orientation of any prospective client, customer, or of the residents of any community. Any request from a home seller, landlord, or buyer to act in a discriminatory manner will not be fulfilled.

IDX Disclaimer

All of the information displayed here is deemed to be gathered from reliable sources but no warranties, either express of implied, are made part of this site. Additionally, the IDX Feed for listing information may contain descriptions of properties not represented by One South Realty, its agents or staff and any violations or misrepresentations are the sole responsibility of the listing brokerage of the subject property in violation.

Contact The Sarah Jarvis Team

804.201.9683

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2314 West Main Street Richmond, VA 23220

sarah@richmondrelocation.net

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Chris Lester
Senior Loan Administrator
NMLS# 353830
804-307-7033
Email Southern Trust Mortgage

Our Network of Sites: RichmondVaNewHomes.net, RichmondVaCondos.net, RichmondLuxuryNeighborhoods.com,
RichmondFanRealEstate.net, RichmondVaMLSSearch.net
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Members of the Sarah Jarvis team are licensed in the Commonwealth of Virginia.