River & Rural Realty--Find Virginia Waterfront property on the Northern Neck
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River & Rural Realty LLC
P.O. Box 503
Warsaw, VA 22572

Office: (804) 333-3311

Kathryn Murray, broker
Warsaw, VA 22572
(O): (804) 333-3311
Cell: 804-450-4442
Fax: 877-295-0940
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Northumberland waterfront residential sales, as promised

Mid week, last week, I put up the sales figures associated with waterfront properties in Lancaster county. I stated that I thought there were the greatest number of sales in that county....and then sort of hedged thinking that Northumberland might actually have the most. Well the same comparisons that I did with Lancaster and done here. Also, I'm going to copy and paste this and put it on the end of the Lancaster statistics so it's easy to see which county is more active.

These numbers are January 1 through July 30, waterfront residential sales in Northumberland county

$400,000 and under

WF residential January 1-- July 30  2013 2014 2015 Active
# sold 26 25 35 110
$ sold (millions) 6.8 6.8 9.6 33.2
Median sales price 272,000 269,500 285,000 300,000
Median days on market 306 246 212 169.5
 

Lots of sales, and I'll check but I'm pretty sure that there are more sales in Northumberland than Lancaster in this segment. Obviously 2015 is the healthiest one of the years noted here. These years are the best since 2008, so 2015 is really an improved market. More sales, more dollars, increased median sales price and reduced median days on market. Nothing to complain about here!

 

$400,000 to $800,000

WF residential January 1-- July 30  2013 2014 2015 Active
# sold 21 17 17 94
$ sold (millions) 10.5 8.7 8.9 52.4
Median sales price 458,000 455,000 540,000 499,250
Median days on market 197 171 179 129
 

This one I'll have to check when I go back and look at Lancaster (and as I said....I'm posting this after the Lancaster post so you have everything together. You can either look at this in and of itself or go back and compare with me). This looks pretty flat. Obviously same sales as last year. Slightly increased dollars, higher median sales price and slightly raised median days on market. Quite a bit of inventory here.

 

$800,000 and above

WF residential January 1-- July 30  2013 2014 2015 Active
# sold 2 5 37
$ sold (millions) 825,000* 1.7 4.9 46.0
Median sales price 825,000 871,750 950,000 999,000
Median days on market 147 211 105 165
 

I don't even think I have to look to know that this segment is smaller in Northumberland. But within the context of Northumberland only it is obvious that this segment is doing better this year. Five sales, more dollars,  higher median sales price and considerably reduced median days on market. Plenty of inventory. 



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