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RVA Property Group
Richmond's Condo Expert

First Choice Realty
Sales: (804) 925-2526
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Richmond VA Condos for Sale - Richmond Condos For Sale

Richmond Condos for Sale Team
6/22/2017 12:58 PM

Richmond Va Condos For Sale - Richmond Condos for Sale

Where did all those cool Richmond Va Condos for sale go?

Richmond condo inventory is at all time historical lows. The issue is scarcity of condominium development resources. The City of Richmond, which includes popular neighborhoods like The Fan, Museum District, Shockoe Bottom, Shockoe Slip, and Church Hill have been nearly & completely developed. There are few to none vacant buildable lots or buildings left available for developers to convert into condos.

In the early 2000's, developers came in to the city and aggressively built or converted apartment complexes, churches, warehouses, and old retail buildings into condo complexes. They did this for two reasons; one to revitalize the city, and bring people back, instead of loosing them to other areas and two, offering these developers tax breaks, so they could off-set their up front costs, and then after conversion, transfer those same 'discounts' directly to those purchasing condos from them. This worked amazingly well, maybe too well!

Condo Development reached it's peak in the mid 2000's in the city, and there were so many condos for sale, it appeared to many Realtors, there would always be many of these urban domiciles for years to come.

Well, consequently, this is no longer the case. They all got bought! Then, no one wanted to sell them. Turnover slowed tremendously because people wanted to stay, just like the city had hoped. With so few condos coming back on the market as resales, new buyers had nothing to buy and found it almost impossible to find Richmond condos for sale.

This also frustrated us Realtors, as we had ready-and-willing buyers and very limited access to sharing what we did have available with the public. With this dilemma, ingenuity entered the picture and we got an idea!

A new way to quickly hunt down condos for buyers by way of a web-based buyer notification program direct from the Richmond MLS. This program would send newly listed properties to condo buyers through an 'auto-email-portal-program.'

How does it work?

A buyer contacts a Richmond Realtor first and shares what they want in a condo.
Then the Realtor takes this criteria, enters it into the portal on behalf of the buyer. Finally the portal does all the tedious work of querying a buyers criteria against condos in the Richmond MLS, and when it finds one or more it sends it directly to them via email.

Let our Realtors set this portal up for you today! Simply contact us at the links above(or below), or call us directly. Tell us your criteria for a condo. It can be very specific or very general. For instance, a 2-bedroom, in the Fan, between $150,000 and $200,000, that has an open balcony, off-street parking, and is pet-friendly; or all condos below $150,000 in the Museum District and Church Hill.

Richmond Va condos for sale in the City or anywhere else in Greater Richmond can be captured quickly and sent to you via email everyday, even if one hits the market at 3 am. The best part is, it's FREE & AUTOMATED, our Realtors will never contact you, when you receive a new listing. We wait for you to make the first move. Your portal can also be heavily customized by you, once initially setup by a Realtor, and you retain full control over it, you can save your favorites and take private notes about those condos you like the most and why. It's a very simple, intuitive interface anyone can master.

It is also simple to pause and/or turn off at anytime for whatever reason!

Now you know so feel free to reach out to us to get your portal setup today


The RVA Property Group

Ty Dwyer & Carrie Parker.


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