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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Numbers from an October perspective

Here are the sales numbers for the four counties of the Northern Neck. They run from the 1st of January through the 30th of September for the respective years. All along I have been saying that 2016 has been the best year, but perhaps you'd like to see really how well we have been doing. If you keep in perspective that 2009, 2010, 2011 and 2012 were really bad years for real estate here (as in many other places) then you can see how the market has been turning around with the 2013 through 2017 numbers. It is very encouraging.

All residential, 4 counties, 1/1 through 9/30
  2013 2014 2015 2016 2017 Active
# sold 302 322 365 412 451 681
$ sold (millions) 89.1 88.8 110.9 113.6 136.2 299.5
Median sales price 225,950 200,000 240,000 229,500 219,000 349,000
Median days on market 211 202 187 185 168 154

Pretty clear that there has been some real improvement over the last couple of years.

WF residential, 4 counties, 1/1 through 9/30
  2013 2014 2015 2016 2017 Active
# sold 149 142 189 204 212 412
$ sold (millions) 66.0 63.6 85.4 82.7 100.6 240
Median sales price 375,000 373,000 375,000 360,000 415,000 449,500
Median days on market 246 231 212 227 195 167

Improvement here too. And quite an increase in the median sales price for waterfront property.  More actives than in the market overall, but not a bad number.

Later this week I'll put up a similar review of land sales. It won't be as encouraging, but it will be some good news I believe.

 



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