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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Non-waterfront residential sales

A couple of parties have told me they would benefit with having these numbers generated. So here we have non-waterfront residential sales for the full years of 2012, 2013, 2014 and 2015. The sales for 2016 are through today, the 5th of October. This is for Westmoreland, Northumberland, Lancaster and Richmond counties.

Non-waterfront residential (4 counties) 1/1-12/31
  2012 2013 2014 2015 2016**
# sold 131 159 184 180 150
$ sold (millions) 19.2 23.9 24.7 26.2 21.3
Median sales price 131,900 135,000 125,000 136,500 133,500
Median days on market 163 187 200 164.5 169.5

** 1/1 through 10/5....obviously only 9 months

Active properties number 249 at the moment. They have a total value of $51.7 million. The median price is $179,000. Median days on market is 146.

Projecting out for 2016, it looks as if this year will be about the same as 2015. So our dollars and our numbers will be the best since 2008....I'm quite sure, since it has been a slow rise in sales since the banking debacle. This is a pretty stable market at the moment.



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