$460,829Average Value$354Average Price per Sq Ft6Homes For Sale
Shockoe Slip residents get to enjoy beautiful views.
Shockoe Slip: A historic part of Richmond with youthful energy
Historic brick buildings line the cobblestone streets of Shockoe Slip, a Richmond neighborhood where old meets new. Located next to Downtown Richmond, Shockoe Slip was once the hub of the city's cotton and tobacco trade, but now it attracts young professionals for its nightlife, walkability and proximity to downtown employers. Most of its residents rent loft apartments in converted warehouses, and you can also find historic condos atop locally owned businesses and modern condo towers overlooking the James River.
Historic charm and new amenities in condos and loft apartments
Most of Shockoe Slip’s residents rent loft apartments in converted mid-rise historic buildings. “There are some lovely historic buildings down there that have been renovated,” say Patricia & Robert Barton, who both work with Joyner Fine Properties. Patricia is an associate broker, and Robert is a Realtor. “Some of them are really neat because they have the exposed brick and wooden beams.” If you’re looking to buy, you can find a variety of condos. Most are in the Vistas on the James high-rise complex, which was built in 2006 and offers units with balconies overlooking the James River or downtown. You can also find condos above some of the area’s businesses. These are often in older buildings with historic exteriors and remodeled interiors. “Shockoe Slip has a cool, historic vibe,” says Anne Soffee, Realtor with Small & Associates. “You’ve got cobblestone streets, very historic buildings and the Canal Walk. There’s definitely an aura of Old Richmond charm.”
The Vistas on the James offers Shockoe Slip condos with James River and downtown views.
The Shockoe Slip neighborhood is home to many rental apartments.
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How much it costs to live in Shockoe Slip
The median home sale price in Shockoe Slip is in the lower $300,000s, below Richmond’s overall median and that of Manchester, but around the same as the median in Downtown Richmond and above that of Shockoe Bottom. Condos here generally range from the mid-$200,000s to the upper $500,000s, but large or luxurious units can go for more. Most also require you to pay monthly HOA fees.
Expect parking headaches if you rent
Some apartment complexes do not come with parking, while others charge an additional monthly fee to park in the building’s garage. You can also pay a monthly fee to park in privately owned garages or surface lots around the area. Most street parking is metered during the workday and on Saturday mornings, and it can be tough to find a spot. Expect to park a few blocks from home if you rely on street parking. Most condos include off-street parking.
How easy it is to live car-free near downtown employers
The good news about those parking woes is that it’s possible to live in Shockoe Slip without a car. You’re within walking distance of big employers, including:
City, state and federal courthouses, as well as some of the city’s largest law firms
Richmond City Hall
The Virginia State Capitol and state government offices
Virginia Commonwealth University’s medical campus and main hospital
The Federal Reserve Bank of Richmond and other financial institutions
You’re also near restaurants, entertainment and a Farm Fresh grocery store. If you need to do some retail shopping at Willow Lawn, you can hop on the free Greater Richmond Transit Company’s Pulse bus rapid transit line at Main Street Station.
Commuting is easy for Shockoe Slip residents with the GRTC bus.
Commutes to and from Shockoe Slip are made easy with easy access to the interstate.
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Bars, restaurants and late nights keep the area buzzing
Shockoe Slip’s vibrant nightlife and restaurant scenes are a big draw for the neighborhood and keep it lively until the early hours of the morning. Some of the area’s popular hangouts include:
Siné Irish Pub, which serves classic Irish fare and has a large patio that fills up on weekend nights
The Tobacco Company, which has two spaces: an upscale restaurant and a nightclub
Southern Railway Taphouse, which has several bar areas, an arcade and an outdoor patio
Shockoe Bottom nearby has even more restaurants and nightclubs within walking distance. It’s also home to the 17th Street Market, an event space that hosts festivals and the regular Richmond Night Market.
Shockoe Slip residents enjoy southern cuisine at The Tobacco Company Restaurant.
Blow off steam and dance to your heart's content at The Tobacco Company Club.
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Kayak the rapids of the James River near the Shockoe Slip neighborhood.
How residents enjoy the James River and Canal Walk
Being close to James River recreation is another draw for the neighborhood. The Canal Walk is a path that runs near the river, providing access to Brown’s Island, a public park and the site of some of the city’s most popular events. The T. Tyler Potterfield Memorial Bridge is a well-traveled pedestrian bridge over the water, linking Brown’s Island to Manchester. Next to the bridge is a kayak launch point, allowing kayakers to ride the Class III whitewater that flows through downtown. You can also access Belle Isle from here, an island in the river where people go to swim and hang out on the rocks. If you follow the Canal Walk in the other direction, it links up with the Virginia Capital Trail, a bike path that stretches 50 miles from Richmond to Jamestown.
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Shockoe Slip Demographics and Home Trends
On average, homes in Shockoe Slip, Richmond sell after 43 days on the market compared to the national average of 55 days. The median sale price for homes in Shockoe Slip, Richmond over the last 12 months is $398,250, up 25% from the median home sale price over the previous 12 months.
Housing Trends
Median List Price
$390,000
Median Sale Price
$398,250
Median Townhouse Sale Price
$418,000
Median 2 Bedroom Sale Price
$425,000
Median Change From 1st List Price
3%
Last 12 months Home Sales
12
Median Home Sale Price YoY Change
25%
Average Price Per Sq Ft
$354
Neighborhood Facts
Number of Homes
127
Number of Homes for Sale
6
Median Year Built
2006
Months of Supply
6.00
Average Single Family Home Size Sq Ft
1,511
Significantly below the national average
1,935
Average Townhouse Size Sq Ft
967
Average 2 Bedroom Size Sq Ft
1,341
Average 1 Bedroom Size Sq Ft
841
Median Lot Size Sq Ft
8,276
Distribution of Home Values
Source: Public Records
Market Report
Richmond Housing Market
More homes are hitting the Richmond market as sales continue to rise.
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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
