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Housing market heating up in Church Hill

10/18/2013 10:17 AM by

Pricing typo aside, the zillow page for this house has some interesting info about the Church Hill real estate market:

Zillow predicts Church Hill home values will increase 1.4% next year, compared to a 0.2% decrease for Richmond as a whole. […]

Foreclosures will be a factor impacting home values in the next several years. In the Church Hill market, the number of foreclosures waiting to be sold fell 14.2% in the last year. The number of unsold foreclosures is 50.9% less than in Richmond, and 89.5% lower than the national average. This lower local number could help Church Hill home values rise more quickly than other regions in Richmond.


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