We're holding our own in 2017 with numbers slightly below 2016, but really not significantly. The dollars being spent for residential real estate are greater this year which says that the higher end properties are selling. In these residential charts you'll see what has been going on. I'm changing my format a little, but it should be clear. This is for the four counties of the Northern Neck—Northumberland, Westmoreland, Richmond and Lancaster.
All residential sales 1/1-7/28
| |
2016 |
2017 |
| # sold |
306 |
305 |
| $ sold (millions) |
82.2 |
91.9 |
| Median sales price |
218,750 |
220,000 |
| Median days on market |
216 |
170 |
Waterfront residential sales 1/1-7/28
| |
| |
2016 |
2017 |
Active waterfront |
| # sold |
146 |
139 |
438 |
| $ sold (millions) |
59.3 |
66.7 |
260.3 |
| Median sales price |
375,000 |
439,500 |
462,500 |
| Median days on market |
146 |
139 |
137 |
|
| |
|
| |
|
Please excuse this extra structure on the chart. Our vendor has "upgraded" our service and I can't figure out how to get rid of this stuff. I will call them later today, but don't have enough time to do that right now and would rather have this information up.
Land is tomorrow or Sunday. We'll see how that is going....it has been going quite well.
