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2013-01-30 / News Briefs

NEWS BRIEFS

Michael Buettner

County’s existing-home sales top 4,000 in 2012

The local market for existing homes gave a strong performance in the final three months of last year, making 2012 the best year for home sales since at least 2008.

Figures released last week by the Central Virginia Multiple Listing Service showed 4,002 existing single-family homes were sold last year in Chesterfield County. That total was up by 601, or 17.7 percent, from the 2011 total, and was higher than any other year going back to 2008.

The average price of a home sold through the listing service was $217,023 in the fourth quarter, up 6 percent from $204,212 at the end of 2011. It was the first year-on-year increase in the average price since 2008.

Chesterfield’s increase in the number of homes sold was slightly behind Hanover County’s 18.8 percent gain but slightly ahead of Henrico’s 17.5 percent increase and nearly triple the 6.4 percent rise posted in Richmond.

However, the average price of a home sold in Chesterfield in the fourth quarter was below the averages in the other three localities: $247,282 in Hanover, $243,231 in Henrico and $219,188 in Richmond.

“The market improvement gained significant momentum during the past year, reflecting increased demand, improved consumer confidence and sustained job growth in the region,” said Linda Terry, president of the Richmond Association of Realtors and the Central Virginia Regional MLS.

“We’re pleased with the consistency in market improvements seen in 2012,” Terry said. “Given pent up demand and historically low interest rates, we anticipate continued market growth in 2013.”

Changes proposed for high-speed rail roadwork

Backers of a proposed high-speed rail line from Richmond to Raleigh, N.C., that would run through Chesterfield County will hold an open house next month to brief residents on changes to their plans for roadwork here.

On Tuesday, Feb. 26, officials from the Southeast High Speed Rail project will present information and maps relating to proposed bridges and underpasses, rail crossing closures and other roadwork proposed for the county.

The revised plans include modifications at Station Road, Chester Road, Hopkins Road, Centralia Road, Curtis Street, West Street, Woods Edge Road, Walthall Industrial Parkway and Pine Forest Drive.

The meeting will be held at the Chesterfield County Public Safety Training Center, 6610 Public Safety Road in the County Government Complex, from 5 to 8 p.m. A briefing for elected officials will be held at 4 p.m.

Maps presenting the preferred alternative route for the rail line and revised roadwork for Chesterfield County are on the project’s website www.sehsr.org.

John Tyler picks design team for Midlothian project

John Tyler Community College has chosen the architecture and design team for the next phase of expansion at its Midlothian campus.

Norfolk-based Clark Nexsen and Raleigh, N.C.-based Pearce Brinkley Cease & Lee will design the Phase III Academic Building and parking deck on the community college’s western campus on Charter Colony Parkway. Both companies have experience with higher-education facilities and sustainable architecture.

The planned building will be the fifth on the Midlothian campus. College administrators say it is critical to the growth and emerging identity of the campus.

The 70,000-square-foot building will include academic classrooms, faculty offices, auditorium/performing arts space, a student services center, food service and a 350-space parking garage.

The project is being fast-tracked for completion in January 2015.

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