Review the latest real estate market information for land for sale in Albemarle County, Virginia.
(This real estate market report includes information through 08/24/2019 for Albemarle County in Central Virginia.)
If you’re looking to buy land, this is the best time to be looking at land for sale in Albemarle County. Currently, there is a large inventory of active land listings at all price points. With a total of 85 available land parcels to choose from and only 18 sold and 2 pending, it is a buyer’s market in Albemarle County. Sellers can expect their land listings to stay on the market longer.
The biggest concentration of active listings in Albemarle County is in the mid-size parcels between 21 to 50 acres at 48. Most of these listings are priced under $500K. Many active land listings are also in the midrange price point of $500K-$1M. There are 10 active listings for small land parcels of 21-50 acres, 8 active listings for midsized land parcels of 50-100 acres, and 5 active listings for large land parcels 100 acres above — all in the price point.
Though there are some sales in all categories, sellers will have to wait patiently for their land listings to be sold, especially in the large parcel category.
In this current market, it is important for both sellers and buyers to have the right real estate guidance from someone you can trust and will guide you in the right direction. If you have questions about this market report on Albemarle County or other areas within Central Virginia, I would love the opportunity to talk with you and answer any questions you may have.
Contact me, Gayle Harvey, at Gayle@GayleHarveyRealEstate.com or 434-220-0256.