Richmond's Real Estate Market Is On Fire: Low Inventory Is Causing Multiple Offers And Homes Selling Above Asking Price In Some Areas

5/4/18

By Carol Hazard, Richmond Times-Dispatch

When a craftsman cottage in a popular Richmond neighborhood came on the market this spring, it was snatched up within days.

The house on West 45th Street in the Forest Hill Terrace neighborhood – listed for $259,900 - was shown 53 times in 36 hours.

Eleven offers were made for the 1,469-square-foot house with three bedrooms and 1.5 baths.

“We made up our minds rather quickly, to say the least,” said Meg Hamilton, who bought the house with her husband, Jonathan.

“We were charmed by this home,” she said. “It was full of light with beautiful original details from the 1940s era.”

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