River & Rural Realty--Find Virginia Waterfront property on the Northern Neck
   ex. 12345
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
Login
 
Updated sales statistics for 2017 through 2019

Here we are almost at the end of January and as I explained on the home page my obligations as a caregiver seriously cut into my time and availability for real estate. I'm back at real estate now and am hopeful that life will be more reasonable.

That said, we're doign pretty well wtih real estate here on the Northern Neck. You'll see in the below charts that we're keeping up with the high point which grew from the 2008 crash, and that high point was was 2017. Below you'll find both residential and land numbers. In each category there's a subset for the waterfront offerings. The actives are from the 12th of January which is when I pulled these statistics.

All this information helps in getting perspective.

 

All residential sales 4 counties
  2017 2018 2019 Active*
# sold 633 617 621 466
$ sold (millions) 192.8 183.7 194 219.1
median sales price 225,100 238,500 245,000 349,900
median days on market 170 154 138 166

 

Waterfront residential (subset of total sales)
  2017 2018 2019 Active
# sold 298 313 309 296
$ sold (millions) 141.8 134.1 141.5 178.5
median sales pricce 402,353 375,000 390,000 467,000
median days on market 192 190 157 198

 

All land (4 counties)
  2017 2018 2019 Active
# sold 166 161 151 847
$ sold (millions) 15.7 13.8 15.0 101.2
median sales price 67,900 35,294 45,000 69,500
median days on market 307 265 261 438

We always have plenty of land for sale and now is not an exception. Look at how many active properties there are in relationship to the number sold in 2019. There's five years' worth of inventory sitting in our actives right now!

Waterfront land (subset of all land)
  2017 2018 2019 Active
# sold 78 48 58 401
$ sold (millions) 11.0 7.9 9.3 77.5
median sales price 122,500 154,250 122,500 145,900
median days on market 415 305 296 452

Waterfront actives show us an even higher relationship of actives to solds. A litttle over 7 years' worth of inventory available on the market. Obviously you have to be priced right to sell at this point.



You must be logged in to add a comment to this message.
Click Here to Login



 Contact Us  |  My Account  |  Helpful Links  |  Featured Listings  |  Mortgage Calculator  |  Property Search  |  Home  |  Site Map  |  Privacy Policy 

  REALTORĀ® Equal Housing Opportunity MLS REALTORĀ®
© Systems Engineering, Inc.
 

Information herein deemed reliable but not guaranteed