There’s an abundance of land listings in Nelson County. If you’re looking to buy land, you can buy a land parcel at any price point. The majority of the available listings are under $500K.
The number of land sales is significantly smaller than the number of available land listings, so it’s a buyer’s market in Nelson County. This news is favorable to the buyers. To the seller, it means you’ll have more competition and you’ll have to wait longer to see movement in your land sales.
The past year recorded 34 active listings, 2 pending sales, and 10 sold land properties. Please note that the highest number of sales are for large land parcels 100+/- acres. These properties were sold for $1M-2M.
In this current market condition, it is important for both sellers and buyers to have the right real estate guidance from someone you can trust will point 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.