The Best of Summer Is Still Unfolding
August brings a different kind of energy to Richmond real estate. Summer is still here, but fall is coming into view, making now a natural time to think about what’s next.
Whether you're considering buying, preparing to sell, or simply curious about a new neighborhood, a little planning now can create more possibilities in the months ahead.
And if you're not quite sure where to start, sometimes the answer isn't a particular house. It's finding the right place to call home.
Our personalized Neighborhood Match starts with how you actually live: your routines, priorities, favorite ways to spend a weekend, and what you want your community to feel like. From there, we help connect you with Richmond neighborhoods that may be the perfect fit.
Find your neighborhood in five minutes. No search required.
Signature Listings: What's on Our Radar
From waterfront living in Virginia Beach to established neighborhoods throughout Greater Richmond, this month's selection offers a range of opportunities to explore.
Leading the list is 2715 Canal Road in Virginia Beach, an exceptional new-construction waterfront residence offering five bedrooms, four and a half baths, and approximately 4,197 square feet. Listed at $2,995,000, the property presents a rare opportunity for buyers seeking a sophisticated home on the water.
Back in Greater Richmond, 8201 Sidlaw Hills Terrace in The Highlands offers four bedrooms, three baths, and more than 3,100 square feet, listed at $675,000.
In Highland Springs, 217 N Elm Avenue offers three bedrooms and two baths for $338,900, while 4013 Cresthill Road in Chester features four bedrooms, three baths, and approximately 3,050 square feet, listed at $649,000.
For buyers interested in Richmond's evolving Diamond District, 2439 Ownby Lane, Unit B13 offers two bedrooms, three baths, and 1,518 square feet for $419,000.
In Glen Allen, 12668 Greenwood Road brings even more space with five bedrooms, four baths, and 3,555 square feet, listed at $799,000.
Also coming to market is 6496 Marie Lane, a four-bedroom home offering approximately 1,700 square feet and a $399,000 price point.
Different neighborhoods, different lifestyles, and very different price points, all part of what makes exploring the Greater Richmond market so interesting.
Neighborhood Spotlight: Wellesley
A Little More Space. A Lot More to Love.
Tucked into Glen Allen's desirable Far West End, just south of Short Pump, Wellesley has long been a favorite for buyers who want the ease of suburban living while staying connected to everything Richmond has to offer.
There's a distinctly established feel here. Mature trees, spacious homesites, beautifully maintained streets, and architecture ranging from classic Colonials and Cape Cods to brick townhomes give the neighborhood a polished yet welcoming character.
Around Wellesley Lake, select homes enjoy peaceful water views that add another layer to the community's appeal.
But Wellesley is about much more than its homes.
Pools, tennis courts, walking trails, green spaces, a clubhouse, and neighborhood gathering spots make it easy to enjoy life beyond your own front door. An evening walk, an afternoon at the pool, or a quick trip into Short Pump can all be part of an ordinary day.
Location only adds to the appeal. Downtown Richmond is roughly 15 miles away, while Short Pump's shopping, dining, and everyday conveniences are just minutes from home. Add access to Henrico County schools, and it's easy to understand why Wellesley continues to stand out among Richmond's western suburbs.
For buyers looking for an established neighborhood, generous space, abundant amenities, and a true sense of community, Wellesley offers a combination that can be difficult to replicate.
Thinking about Wellesley? Reach out to our team, and we'll send you everything currently active in the neighborhood.
Local Spotlight: FETCH a Cure
A great community is about more than where we live. It's also about the organizations doing meaningful work within it.
This month, we're once again highlighting FETCH a Cure, a Richmond nonprofit dedicated to improving the lives of pets and the families who love them.
Through education, financial assistance, and community programs, FETCH a Cure works to help more pets receive the care they deserve while supporting the people who care for them.
Their work has created a lasting impact throughout Central Virginia and represents the kind of community-minded mission we're always happy to share.
Whether you're a pet owner or simply looking for a meaningful local cause to support, FETCH a Cure is one worth knowing.
Richmond Metro Market Update
As summer winds down, Richmond's real estate market is giving both buyers and sellers something valuable: perspective.
Looking at the Richmond Metro single-family market from July 2025 to July 2026 across Chesterfield, Hanover, Henrico, and Richmond City, the average sales price reached $561,694, up 3.3% year over year.
During the same period:
- 1,244 new listings came to market, down 4.1%
- 1,206 homes sold, up 5.0%
- Average days on market reached 18 days, up 12.5%
While demand remains an important part of the story, today's market is increasingly shaped by the individual home, neighborhood, price point, and the thoughtfulness with which a property is positioned.
For buyers, a more measured pace can create welcome breathing room to compare opportunities and make confident decisions.
For sellers, the numbers reinforce the importance of entering the market with the right pricing, presentation, marketing, and strategy from day one.
As we look toward fall, opportunity is still very much on the table. The difference is knowing how to recognize it and having the right strategy when it appears.
Featured Agent Spotlight: Peter Colbert | California Wine Country
Our clients' real estate goals don't always stay within Virginia.
From vineyard estates to sophisticated second homes, California Wine Country is a market where truly local knowledge matters. When clients begin exploring a move, investment, or second home in Sonoma or Napa, Peter Colbert and the Wine Country Colbert Group are among the first we recommend.
Ranked among the top 1% of agents, Peter and his team have represented more than $300 million in Wine Country real estate over the past three years. His expertise spans some of Northern California's most sought-after destinations, including Healdsburg, Sonoma, St. Helena, Calistoga, Napa, Sebastopol, Glen Ellen, and the Sonoma Coast.
What makes Peter particularly valuable is the depth of his knowledge beyond the transaction itself.
From wineries and raw land to second-home projects, renovations, pools, water considerations, and septic systems, he understands the nuances that can accompany owning property in Wine Country. Combined with an extensive network of trusted local professionals, that experience helps clients navigate even highly complex purchases and sales.
After more than 25 years living in Wine Country, Peter also brings an authentic understanding of the lifestyle that draws people there. His connections extend beyond California, giving clients the benefit of both deeply rooted local expertise and a broader perspective on national real estate trends.
For Peter, Wine Country isn't simply a market. It's home. His involvement with local organizations, youth programs, and community initiatives reflects the same commitment to relationships that defines his approach to real estate.
If California Wine Country is calling, we'd be happy to make an introduction.
Looking Toward Fall
August sits in that sweet spot between soaking up the last stretch of summer and beginning to think about what's ahead.
If a move is somewhere on your horizon, whether that's across Richmond, elsewhere in Virginia, or across the country, now is a great time to start the conversation.
You don't need to have every detail figured out. Sometimes the first step is simply understanding your options.
The Collection at Compass
Richmond, Virginia
804.386.3985
[email protected]
Helping you navigate what's next, in Richmond and beyond.
