Virginia State Government and Public Real Estate News

The Virginia residential real estate market recorded booming spring sales according to the April 2016 Home Sales Report released by the Virginia Association of REALTORS® (VAR). Bolstering market strength and economic impact, the number of sales, value of transactions, and median price rose markedly from this period last year. In April 2016, there were 9,945 sales recorded for a total volume of $3.23 billion. The value of transactions for this April was nearly ten percent higher than the same month last year, and more than 18 percent higher than in April 2014 ($2.95 and $2.73 billion, respectively). Year-to-date, Virginia residential sales have totaled more than $9.61 billion
The Arlington County Board today approved The Berkeley, at 2900-2910 S. Glebe Road, a redevelopment project proposed by nonprofit housing developer AHC, Inc. One hundred and fifty-five of The Berkeley’s 257 apartments will remain affordable for decades. A majority of the affordable units will be family-sized, with two bedrooms or more
The Virginia residential real estate market continued year-over-year improvement according to the First Quarter 2016 Home Sales Report released by the Virginia Association of REALTORS® (VAR). Indicating sustained long-term growth, both the number of sales and the value of transactions rose from this period last year, totaling 20,771 units and $6.34 billion, respectively. The value of transactions for the first quarter of 2016 was 2.2 percent higher than the first quarter of last year, and nearly 15 percent higher than the first quarter of 2014.
The Fredericksburg Area Association of REALTORS® (FAAR) announces endorsements for local elected offices in the City of Fredericksburg for the May 3, 2016 general election. “As a City resident and an active REALTOR® downtown, I am personally very interested in this year's election," stated FAAR Public Policy Committee Chairman Suzy Stone.
The Arlington County Board today approved the first increase since 2004 in relocation payments for tenants who are displaced by housing demolition, substantial rehabilitation or conversion from residential to non-residential use. The increase takes effect July 1.
For the third consecutive year, the number of persons who are homeless in Arlington has dropped, down 27 percent in January 2016 as compared to January 2015. The data comes from the community’s annual Point-in-Time Count. The total for the 2016 count was 174, down from 239 in 2015.
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant ALDI ground lease located at 5811 High Street in Portsmouth, VA for $3,280,000
Effective immediately, customers can choose to submit in paper or electronically for Building Permit and Land Disturbance Applications. The County is making both options available, to make it easier for customers to submit their applications.
U.S. Senators Mark Warner and Tim Kaine, along with Representatives Rob Wittman, Randy Forbes and Morgan Griffith, sent a letter to President Obama supporting Governor Terry McAuliffe’s request that the administration declare a major disaster declaration in response to the severe storm and deadly tornadoes on February 24, 2016. The storms impacted 12 localities in total and had a particularly destructive impact on Sussex, Appomattox and Essex Counties.
U.S. Senators Mark Warner and Tim Kaine joined a bipartisan group of 42 current and former Senators and 164 current and former House members from 38 states as well as the District of Columbia and the Northern Mariana Islands in filing an amicus brief in support of the Obama administration’s historic ‘Clean Power Plan’ (CPP). The CPP will reduce carbon pollution and address climate change, save consumers $155 billion by 2030, create jobs, and prevent 90,000 childhood asthma attacks through 2030‎
Arlington County Adopts Innovative Tools to Increase Affordable Housing on Columbia Pike
  • Shaping Pike residential development for next 30 years
  • Expected to add 9,500 new homes
  • Helping reach goal of preserving affordability
  • Culmination of years-long planning effort

ARLINGTON, Va. – November 18, 2013 – (RealEstateRama) — The Arlington County Board today adopted several new Planning and Zoning tools that could add 9,500 new homes along Columbia Pike over the next 30 years, and will help the County reach the Columbia Pike Neighborhoods Area Plan goal of preserving the affordability of approximately 6,200 market rate affordable homes. more »

 
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