Northern Neck Real Estate for Sale (Waterfront specialists)
Search here for all types of Northern Neck of Virginia Real Estate--a perfect retirement location
Here it is the first day of spring and boy have we all been looking toward warmer and sunnier weather! Don't know if I remember a winter that seemed to take so long to conclude since I moved to Virginia. One of my favorite things about living here has been how mild and sunny it tends to be....but not this winter. We're hopefully on the other side of that cold weather now that spring is here.
Recently I've looked at how we are doing in terms of sales and we are keeping up nicely with 2018 within this same time period. As a matter of fact when I checked numbers yesterday there were 84 homes sold in this time period both last year and this. And if you break out the waterfront homes only there were 38 sold in 2018 and 29 sold in 2019 and so that's pretty darn close.
Northern Neck Real Estate sales statistics are here. In doing statistics (and I haven't put them up yet in my regular graph form, and may not....need to do new ones perhaps) I found that in comparision to 2017, our 2018 residential numbers through the 27th of December were down slightly. Overall homes in our four counties ....there were 627 sold in 2017 and 600 sold in 2018. This if for the timeframe January 1 through December 27th. As I've written before, 2017 was the best year since 2008 when the financial crisis basically put into a tailspin most if not all markets. I was hoping that 2018 might top it....but no, it didn't.
The dollars for these sales are a bit more telling in that sales from 2017 to 2018 with those same characteristics dropped from $191.2 million to $180.0 million. So fewer sales and fewer dollars in 2018. About a 20% drop in dollars, but not a big drop.
In terms of Northern Neck land sales, well that is a different story, especially for waterfront land. Overall there were 164 lots sold in 2017 in this time period, while in 2018 there 158. Not a significant drop by any means. When you look at waterfront lots the year to year comparison is a different story. There were 77 lots sold in 2017 and there were 46 sold in 2018. The dollar difference is $10.9 million (for 2017) and $7.5 million (for 2018). And the number of active waterfront lots in the four counties on the 27th of December....that was 429. An appraiser would see that as ten years' worth of inventory and it is clear that selling a lot is challenging.
There's still great allure to our country living....of 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 eleventh 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 today we are in a booming market (in terms of Northern Neck standards) and I am pleased to work with two great, capable and professional agents....Debbie Casey and Angie Ptucha. You might want to call any of the three of us to talk real estate, whether buying or selling. We have experience....a lot of it.....and we go the extra mile!
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. (So for the record, I am committed to putting a bunch of new information up next week. Perhaps by way of apology I can say that personal circumstances related to the health of some people very important to me have taken away that bit of time I would have used to get this done. Things are better and so the statistics will get back on track.)
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.)