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Richmond homebuyers are paying even more over asking than last year

Data: Richmond MLS; Map: Baidi Wang/Axios

Homebuyers of single-family homes in metro Richmond paid an average of 8% more than the original list price in April and May, up from an average of 5.5% over asking the same time last year.

  • That's the highest ratio of list-to-sale price in recent history, according to an Axios analysis of data from the Richmond Association of Realtors.

Why it matters: Over-asking home sales prices are a sign of a tight and competitive market, and while the number of home sales in Richmond and the state shows signs that demand is cooling, that hasn't translated into lower home prices.

Ned Oliver
19 hours ago - News

Mayor's proposed noise rules target abortion protests

Photo illustration of Richmond Mayor Levar Stoney with lines radiating from him.
Photo Illustration: Axios Visuals. Photo: Caroline Brehman/CQ-Roll Call, Inc via Getty Images

Mayor Levar Stoney is proposing a new city noise ordinance that, among other things, would allow police to crack down on loud protests outside clinics that provide abortions.

Why it matters: The city fielded more than 2,000 noise complaints last year, but officials say the cases rarely lead to prosecution because the city's current noise ordinance is difficult to enforce.

Taste testing Richmond's only sandwich cake

An elaborate cake topped with eggs, shrimp, salmon and greens.
Cake or sandwich? Photo: Ned Oliver/Axios

Ingrid Schatz is best known for her Swedish pastries, but last weekend the Chesterfield County baker's menu featured a wild card: the sandwich cake.

What's happening: Schatz, a half-Swedish mother of two, operates Axelsdotter Bakery out of her home in Chesterfield.

Karri Peifer
Jun 28, 2022 - News

Richmond animal shelters fill up after COVID adoption boon

Illustration of dog treats spelling out “HELP”.
Illustration: Shoshana Gordon/Axios

Around 23 million American households adopted a pet during the pandemic, and now, two years later, animal shelters are reporting a surge in pet surrenders.

Driving the news: Animal shelters across the country and here at home are filling up as multiple factors push pet owners to give up their furry friends, representatives from multiple Richmond animal welfare organizations tell Axios.

Sapporo buys Stone Brewing, including Richmond operations

 Sapporo and Stone beer cans lined up
Image courtesy of Stone Brewing

Sapporo, Japan's oldest beer brand, is buying San Diego-based Stone Brewing, in part because of Stone's 6-year-old Richmond brewery operation.

  • The deal is expected to close in August for $165 million.

Driving the news: Sapporo will acquire Stone's production facilities in Richmond and San Diego, where it will continue to brew Stone beer as well as its own beer under its own labels, according to a news release. Production at both locations is expected to double by the end of 2024.

Scoop: Spanberger rival Yesli Vega doubts pregnancy after rape

Yesli Vega celebrates her Republican primary win for the 7th Congressional District during an election night event on June 21, 2022 in Woodbridge, Virginia.
Yesli Vega celebrates her Republican primary win for the 7th Congressional District during an election night event on June 21 in Woodbridge. Photo: Nathan Howard/Getty Images

Yesli Vega, the Republican nominee running against Democrat Abigail Spanberger for Congress, downplayed the possibility of becoming pregnant as a result of rape when asked about her stance on abortion at a campaign stop last month, according to audio obtained by Axios.

What's happening: At an event in Stafford County, Vega, a Prince William County supervisor and sheriff's deputy, was asked what she thinks Congress should do if the Supreme Court overturned Roe v. Wade.

Ned Oliver
Jun 27, 2022 - News

The post-Roe abortion debate in Virginia

People, mostly women, march in downtown  Richmond. About 100 people. in the picture.
Protesters march on Broad Street on Friday evening. Photo: Ned Oliver/Axios

The Supreme Court's decision overturning Roe v. Wade immediately thrust abortion back to the forefront of Virginia politics.

What's happening: Moments after the decision came down Friday, Gov. Glenn Youngkin told the Washington Post he'll pursue a ban on the procedure after 15 weeks.

Richmond's best happy hours: The Jasper

Two cocktails on a table.
The daiquiri and old fashioned at The Jasper. Photo: Karri Peifer/Axios

Did you know that the city's premier cocktail bar offers happy hour? Us neither, until we wandered in on a random Wednesday.

The deal: The Jasper offers $6 classic cocktails (nine in all), $6 beer-and-shot combos (including Coors Banquet & Evan Williams) and $6 food specials (steak tartare, anyone?).