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
EMAIL OFFICE
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June 1st update on Northern Neck sales

Back to the numbers and seeing where we stand now that we're in to June. In my book we are really right on track with what we saw at the beginning of last month. More sales in 2016 and fewer dollars. This is true of all residential and also waterfront residential. Ironically with a considerable drop in number of land sales, we have increased dollars for 2016.

Residential sales 1/1 to 6/1
  2015 2016 Active
# sold 166 187 792
$ sold (millions) 51.3 49.8  
Median sales price 237,000 203,000  
Median days on market 205.5 223  

 

Waterfront residential sales 1/1 to 6/1

  2015 2016 Active
# sold 83 94 447
$ sold (millions) 40.5 37.7  
Median sales price 400,000 349,500  
Median days on market 226 250.5  

Million dollar plus waterfront sales have been six (6) in 2015 at this point in the year. There have been two (2) thus far this year, with 42 active.

Dollars from those sales were $7.4 million in 2015 and $2.87 million in 2016.  

Land sales 1/1 to 6/1
  2015 2016 Active
# sold 50 39 441
$ sold (millions) 4.2 4.9  
Median sales price 39,250 49,000  
Median days on market 215.5 265  


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