River & Rural Realty--Find Virginia Waterfront property on the Northern Neck
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Contact Information

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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Residential sales data as of July 2016

All residential four counties 1/1 through 7/6

2014 2015 2016 Active
# sold 195 216 257 821
$ sold (millions) 51.5 66.3 68.6 341.8
Median sales price 175,000 236,000 220,000 324,000
Median days on market 219 202 223 131

Okay, back on track after a terrible time trying to renew and them moving the domaine name. I can't believe how much technology helps us. I also can't believe how much it hinders us.

Looking at these sales data it kind of looks as you'd expect from all the discussions thus far this year. We are "holding our own" in that we are diong better, sort of, than last year. More sales and more dollars.....just not significantly more dollars. And not a whole lot of extra days on market....so that is pretty good.

Waterfront residential sales 1/1 through 7/6 2014 2015 2016 Active
# sold 75 111 126 472
$ sold (millions) 34.7 52.1 50.7 270.6
Median sales price 370,000 392,000 373,125 449,000
Median days on market 273 234 251.5 132

Really the same story as the overall residential sales market. More units. Not more dollars in 2016. Reduced median sales price in 2016 and increased median days on market for 2016. In the overall this isn't too bad in that it looks as if we have about two years worth of waterfront inventory. That changes when you start looking at how the different segments are selling. To be continued.



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