Northern Neck Real Estate for Sale (Waterfront specialists)
Search here for all types of Northern Neck of Virginia Real Estate--a perfect retirement location
Wanted to update through early September even though there isn't that much difference from the last post. My curiosity about real estate continues even though I'm not doing this 100% of the time....mostly with referrals and people I know. But it's always helpful to know what the market is up to and that is why I've just pulled up sales over the course of a number of years running from January 1 through September 2. What this information tells me is that once we started "opening up", whatever that means, the market has taken off.
1/1 through 9/2 All residential property types for Northumberland, Richmond, Wetmoreland and Lancaster
2018 there were 401 properties sold at a value of $118.2 million
2019 there were 385 properties sold at a value of 116.4 million
2020 there have been 530 sold at a value of $179.6 million This is a huge leap and if you realize that 2018 and 2019 were the best we had done since the 2008 banking meltdown then it is even more significant. Just look at that!
If we look at waterfront residential properties with all the same parameters then here's the breakout.
2018 there were 202 properties sold with a value of $86.5 million
2019 there were 190 properties sold with a value of $84.9 million
2020 there have been 311 properties sold with a value of $140.4. That again, is a big deal. So there is a lot of activity in this part of the world and I believe the demand associated with covid and its current ramifications have pushed the market in ways we would not have seen otherwise.
As of September 2nd we have a total 215 active listings with 114 of them being waterfront. The value of the total active listings is $108.1 million while the waterfront subset of that is $85.4 million. Not so much inventory at this point. Not by Northern Neck standards.
Since you are reading this you probably know that there are great opportunities to live here and enjoy our way of life....taking advantage of the great waterways whether for bird watching, fishing, canoeing, kayaking or taking a glorious sail. We have the locations that are most enjoyable for you to experience.
We, at River & Rural Realty, are celebrating our twelth year in business. After 15 years as an agent I got my broker's license and decided it was time to be on my own and that was in 2008. It has been a very interesting period of time with the daily surprises of what real estate can bring to any really active agent. That first year was hard though since the market crash was just taking place. Fortunately currently we are in a booming market (in terms of Northern Neck standards).
The statistics that I should put up frequently but haven't done such a great job (see top left button) should help you get a better idea of what is going on. Generally they cover sales in the four counties of the Northern Neck which include Westmoreland, Lancater, Northumberland and Richmond. Really once you get to know the area you realize how diverse these locations are. Well happy hunting....for great real estate deals. You can find them here and now. It is still a buyer's market.
For those who already know the Northern Neck, well it is a given that it is a beautiful place with many rivers and creeks to explore and enjoy. The Chesapeake Bay is closeby too and fishing can be extraordinary. Add to that historic sites, golf courses, some good restaurants (but be forewarned that off-season they are mostly closed), and you should certainly take a look.
There's lots to be learned in the course of buying or selling a house and we can offer the best of perspective. Looking to sell and we'll do a free market analysis and let you know just where your house fits in terms of sales and what is on the local Northern Neck market. Considering buying but you just aren't sure where the properties you are considering fit in, well we can give you that perspective that only a local professional has. Ones with years in the business and a way of looking at what seems complex but can be put into context. Call us and see!!
Our statistics are the only ones out there that can give you a real sense of what is going on. Isn't it better to know if our market is improving rather than asking around and getting anecdotal information. We have the numbers.
The beauty of the place and the relative reasonableness in price of many of the homes is bringing buyers and sellers together this year in better numbers than we've seen in the last few years. This is good for everyone...for those who have been wanting to sell and for those who have been wanting to have a place here to call their own.
Thinking of buying...then please consider joining us here in the Northern Neck to enjoy a world that includes properties on the Rappahannock and Potomac rivers as well as the Chesapeake Bay. (We have waterfront, waterview and water access properties as well as rural residences that take advantage of large expanses of open land). So if you are interested in selling or buying in our four counties (Essex county too) please take advantage of this site. As with all websites, full MLS information is available here, but whether we act as listing agents or buyers agents, remember we can provide you with the best of service.
There are a lot of options of property type in this area. Subdivisions offer amenities, while other properties provide extra privacy for someone escaping the city and searching for a really rural experience. We have agents who can personally take you through the process with great professionalism.
Click on the search button to embark on a search for your Northern Neck of Virginia retreat or waterfront home--perhaps newly built home or an historic older home.(The Northern Neck has a very large number of historic homes of great quality.)
Keep in mind that all property in the search can be shown by any Realtor, working with an experienced professional will make your time spent more informative and effective. Work with a small firm that prides itself on service, knowledge and going the extra mile. Call us!!
River & Rural Realty's broker (Kathryn Murray) moved here from two major metropolitan areas and understands what it takes to transition to this quieter part of the world. We all have a lot of local perspective and experience, so call on us for assistance. (As you'll hear said "we know the 'Neck." And we do.) There are a set of reviews about her, as well as more on her background on the other buttons to the left. Those reviews are through a third party....no one was asked to do anything other than review....
(These photos were all taken within walking distance of where broker, Kathryn Murray lives...and takes lots of photos. She is represented at the Rappahannock Art League in Kilmarnock as well as with the Artists' Alliance at JarrettThor Gallery in Colonial Beach.)