Northern Neck Real Estate for Sale (Waterfront specialists)
Search here for all types of Northern Neck of Virginia Real Estate--a perfect retirement location
A rainy Sunday here on the 9th of June. Always plenty to do though. I wanted to post some statistics to give you a sense of what is going on with the market. This should be helpful. These numbers are for 1/1 through 6/7 of the respective years and for the counties of Westmoreland, Northumberland, Lancaster and Richmond.
Since waterfront is the bulk of our residential sales that's what is presented here.
Waterfront residential residential sales comparison to date (meaning 1/1 through 6/7)
For 2017 103 homes sold at a value of $50.8. million
For 2018 107 homes sold at a value of $45.4 million
For 2019 99 homes have sold at a value of $41.8 million
There are 423 active waterfront residential listings. The median sales price is $454,500 (although the median sales price for the 2019 sales is $352,000).
The difference in the numbers sold really isn't significant say 4 homes difference between 2017 and 2019. What is significant is that the value of those homes sold has dropped amost $10 million. That starts to tell us something has shifted. We're looking at lower priced properties selling more often now than the higher end. That may change as we go through the year but that's where we are.
Interestingly in the all land category that I looked at showed that although in 2018 sales dipped as did dollars sold, that we have rebounded to the same number of sales as 2017 which was a good year. What is strikingly different between 2017 and 2019 is that the median sales price has dropped from $85,000 to $27,500. That is a huge drop. So looking at the fact that in all land categories for this period in 2019 we have sold 71 properties it is almost unbelievable that there are 880 that are on the market. Again a situation where you better be the best of the best and priced right to find your way to the sold "finish line."
Since you are reading this you probably know that there are great opportunities to live here and enjoy our way of life....taking advantage of the great waterways whether for bird watching, fishing, canoeing, kayaking or taking a glorious sail. We have the locations that are most enjoyable for you to experience.
We, at River & Rural Realty, are celebrating our eleventh year in business. After 15 years as an agent I got my broker's license and decided it was time to be on my own and that was in 2008. It has been a very interesting period of time with the daily surprises of what real estate can bring to any really active agent. That first year was hard though since the market crash was just taking place. Fortunately today we are in a booming market (in terms of Northern Neck standards) and I am pleased to work with two great, capable and professional agents....Debbie Casey and Angie Ptucha. You might want to call any of the three of us to talk real estate, whether buying or selling. We have experience....a lot of it.....and we go the extra mile!
The statistics that I should put up frequently but haven't done such a great job (see top left button) should help you get a better idea of what is going on. Generally they cover sales in the four counties of the Northern Neck which include Westmoreland, Lancater, Northumberland and Richmond. Really once you get to know the area you realize how diverse these locations are. Well happy hunting....for great real estate deals. You can find them here and now. It is still a buyer's market. (So for the record, I am committed to putting a bunch of new information up next week. Perhaps by way of apology I can say that personal circumstances related to the health of some people very important to me have taken away that bit of time I would have used to get this done. Things are better and so the statistics will get back on track.)
For those who already know the Northern Neck, well it is a given that it is a beautiful place with many rivers and creeks to explore and enjoy. The Chesapeake Bay is closeby too and fishing can be extraordinary. Add to that historic sites, golf courses, some good restaurants (but be forewarned that off-season they are mostly closed), and you should certainly take a look.
There's lots to be learned in the course of buying or selling a house and we can offer the best of perspective. Looking to sell and we'll do a free market analysis and let you know just where your house fits in terms of sales and what is on the local Northern Neck market. Considering buying but you just aren't sure where the properties you are considering fit in, well we can give you that perspective that only a local professional has. Ones with years in the business and a way of looking at what seems complex but can be put into context. Call us and see!!
Our statistics are the only ones out there that can give you a real sense of what is going on. Isn't it better to know if our market is improving rather than asking around and getting anecdotal information. We have the numbers.
The beauty of the place and the relative reasonableness in price of many of the homes is bringing buyers and sellers together this year in better numbers than we've seen in the last few years. This is good for everyone...for those who have been wanting to sell and for those who have been wanting to have a place here to call their own.
Thinking of buying...then please consider joining us here in the Northern Neck to enjoy a world that includes properties on the Rappahannock and Potomac rivers as well as the Chesapeake Bay. (We have waterfront, waterview and water access properties as well as rural residences that take advantage of large expanses of open land). So if you are interested in selling or buying in our four counties (Essex county too) please take advantage of this site. As with all websites, full MLS information is available here, but whether we act as listing agents or buyers agents, remember we can provide you with the best of service.
There are a lot of options of property type in this area. Subdivisions offer amenities, while other properties provide extra privacy for someone escaping the city and searching for a really rural experience. We have agents who can personally take you through the process with great professionalism.
Click on the search button to embark on a search for your Northern Neck of Virginia retreat or waterfront home--perhaps newly built home or an historic older home.(The Northern Neck has a very large number of historic homes of great quality.)
Keep in mind that all property in the search can be shown by any Realtor, working with an experienced professional will make your time spent more informative and effective. Work with a small firm that prides itself on service, knowledge and going the extra mile. Call us!!
River & Rural Realty's broker (Kathryn Murray) moved here from two major metropolitan areas and understands what it takes to transition to this quieter part of the world. We all have a lot of local perspective and experience, so call on us for assistance. (As you'll hear said "we know the 'Neck." And we do.) There are a set of reviews about her, as well as more on her background on the other buttons to the left. Those reviews are through a third party....no one was asked to do anything other than review....
(These photos were all taken within walking distance of where broker, Kathryn Murray lives...and takes lots of photos. She is represented at the Rappahannock Art League in Kilmarnock as well as with the Artists' Alliance at JarrettThor Gallery in Colonial Beach.)