The numbers below are for January 1 through May 4 for the respective years. Much as I had thought that residential sales were improving I find that the overall shows that, but the waterfront residential sales are not a bigger number (yes, more dollars and higher median sales figure this year but one fewer sold). Take a look below to see what is going on. Basically the improved number of sales this year is associated more with non-waterfront properties. 

For the residential market as a whole, more sales, more dollars, higher median sales price and reduced median days on market. All of this is good. Also we have about a year and half of inventory if you annualize the sales we've had thus far. That's not bad at all.

Looking at waterfront residential we see that in terms of the past couple of years there isn't anything significant to say except that some higher end properties are selling. A tiny drop in sales from last year, a higher median sales price and a higher set of dollars in the sold transactions for this year. Pretty similar median days on market as has been going on in the last couple of years. We have close to two years worth of inventory which for the Northern Neck is not a really bad number. It just shows that there are more actives in relationship to solds in the waterfront properties than in the non-waterfront ones.

Land is doing better. Significantly better than it had been. This has to be great news for land owners. Not something that you can look at and start raising prices....just look at the number of actives....861 versus the 53 sold thus far this year. But certainly reason to believe that if your property is priced well and provides value to the land seeker that you could actually be selling this year. Can't know but it sure looks better than 2015 and 2016.