Madison County Land – Real Estate Market Update – Oct. 2018

Madison County Virginia Land

Review the latest real estate market information for land in Madison County, Virginia.

Madison County Virginia Land

(This real estate market report includes information through 10/31/2018 for Madison County in Central Virginia.)

Land buyers in Madison County have quite a few listings to choose from. Right now, there is an ample inventory in all price ranges and parcel sizes. There are 21 active listings for land over 100 acres. Listings of this size have only had one sale in the past 12 months. With only 16 more sales for property listings of other sizes in the past 12 months, sellers can be facing a long time from list to sale.

Competition can be strong for sellers with more than twice the active listings than there have been total sales in the past year. This current real estate market in Madison County makes it vitally important for land sellers to have a solid strategy for pricing and marketing their listing.

If you have questions about this market information, or you would like to draw from the experience and professional knowledge of the only Charlottesville Realtor to have obtained the Accredited Land Consultant designation contact me, Gayle Harvey, at Gayle@GayleHarveyRealEstate.com or 434-220-0256.

Check back in each week as we break down the market information for active, pending and sold land listings by individual counties.

If you would like to see the market information for other areas of Central Virginia, you can see that here:

Central VA Land – Real Estate Market Update – Oct. 2018

Albemarle County Land – Real Estate Market Update – Oct. 2018

Albemarle Land – Real Estate Market Update – Oct. 2018

Albemarle County, Virginia Land

Review the latest real estate market information for land in Albemarle County, Virginia.

Albemarle County, Virginia Land 10-31-18

(This real estate market report includes information through 10/31/2018 for Albemarle County in Central Virginia.)

It’s a buyer’s market for land parcels in Albemarle County. With 150 active listings for parcels of 21 acres and over,  property buyers will have a large selection to choose from when looking for a site for their dream home or farm.

There have only been 55 land listings sold in the past 12 months, which means many sellers could be facing a high number of days on the market and strong competition for buyer’s attention.

With the current market conditions, it can be valuable for both land buyers and sellers to have access to comparable listings, and a knowledgeable guide to point you in the right direction throughout the transaction. I would be happy to discuss this market report and help point you in the right direction when you’re buying and selling land in Central Virginia.

Contact me, Gayle Harvey, at Gayle@GayleHarveyRealEstate.com or 434-220-0256.

Check back in each week as we break down the market information for active, pending and sold land listings by individual counties.

If you would like to see the market information for all of Central Virginia, you can see that here:

Central VA Land – Real Estate Market Update – Oct. 2018

 

Central VA Land – Real Estate Market Update – Oct. 2018

Review the latest real estate market information for land in Central Virginia.

(This real estate market report includes information through 10/31/2018 for the Central Virginia counties of: Albemarle, Buckingham, Fluvanna, Greene, Louisa, Madison, Nelson, and Orange.)

Small land parcels, between 21 and 50 acres, are by far seeing the most action for listings and sales with the most active price point being under $500K. An important note to make is that there are currently 177 active listings, with only 74 sold listings in the past 12 months. Similar trends are also seen in the mid-size and large land listings here in Central Virginia.

As a seller, you could be facing a significant amount of time with an active land listing before you have a sale. As a buyer, there are many available listings to select from right now. Given the current market, you could have some negotiating power behind you. Whether you’re buying or selling, it’s important to have an experienced and knowledgeable real estate professional guiding you in the process.

If you have any questions about this market report and how it might impact your decisions when buying and selling land in Central Virginia, please reach out to me. I would love to answer your questions and help you make the most informed decisions possible for your real estate transaction. Contact me, Gayle Harvey, at Gayle@GayleHarveyRealEstate.com or 434-220-0256.

Check back in each week as we break down the market information for active, pending and sold land listings by individual county.

James River Frontage Lots for Sale

RiverView on the James
RiverView on the James

Not often can you find lots for sale along the James River.  We recently brought seven lots to market and two have already sold!  Located just a few minutes from the charming town of Scottsville, where you can find several restaurants, a brewery and farmers market, the lots are about 35 minutes from Charlottesville, Virginia.  Most of these lots have distant Blue Ridge Mountain views too which make them even more special.  For more information and pricing click here.