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.
