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
New numbers to give context

As I've said before we aren't going to start seeing the numbers related to a COVID-19 slowdown until around June and so that is true with what I have here. Although the numbers of sales have decreased in total in 2020, it is only just slightly in comparison to 2019 and the dollars are more. This is true for waterfront as well.

These numbers are from a small subset of time and so would be highly variable in the best cases and this is not a best case. Still I think it bears out that this was going to be a rather good year for real estate.

All residential, 4 counties, 4/1 through 5/10
  2018 2019 2020 Active
# sold 66 51 49 422
$ sold (millions) 20.1 13.1 16.0 194.5
Med. sales price 252,000 235,000 250,000 354,000
Med. days on market 208 118 176



WF residential, 4 counties, 4/1 through 5/10


2018 2019 2020 Active
# sold 34 27 24 256
$ sold (millions) 14.7 9.6 11.9 156.4
Med. sales price 372,500 309,000 430,000 480,000
Med. days on market 297 152 200 210

Looking at waterfront sales for 2020 versus 2019 what we see is slightly fewer properties sold, higher total dollars, higher median price and a considerable set of median days on market. Then again at 200 that doesn't look so bad when compared with 2018's median days on market tht was 297. 

We'll see where things go as we get to the end of May and start into June. Hopefully this won't be too tough a market for buyers and sellers but somehow I think that this will be tough....time will tell.

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