2019 Rappahannock Market Trends Report
In 2019 the number of residential, land and farm real estate transactions in the Heart of the Piedmont was up 9% compared to the prior year. 2,476 properties sold in 2019 compared to 2,267 properties in 2018. The total dollar value of real estate sales increased by 15% with $990,934,314 sold in 2019 and $858,252,289 sold in 2018.
The number of residential transactions increased by 10% in 2019. On a county by county basis, Rappahannock, Fauquier, Madison and Culpeper transactions increased by 11%, 17%, 8% and 11% respectively.
Land & Farm transactions decreased by 19% in 2019. On a county by county basis, Rappahannock, Fauquier, Madison and Culpeper decreased 24%, 21%, 16% and 14% respectively.
Rappahannock Home Sales
KEY RESIDENTIAL MARKET INDICATORS
Twenty-one properties sold in the 4th quarter of 2019 as compared to 22 properties in the 4th quarter of 2018. With such small numbers it is difficult to draw meaningful trends.
There are currently 63 residential properties for sale which is about a 9 month supply. The homes currently on the market have an average days on market of 238. The average list price of residential listings is $960,852.
2018 RESIDENTIAL TRANSACTIONS 2019 RESIDENTIAL TRANSACTIONS
Rappahannock Land & Farm Sales
KEY LAND AND FARM MARKET INDICATORS
There were 7 land and farm transactions in the fourth quarter of 2019 compared to 10 in the fourth quarter of 2018.
There are currently 60 lots for sale, which is about a 19 month supply. The average days on market for the current lots on the market is 349 days.
2018 LAND & FARM TRANSACTIONS BY ACREAGE
2019 LAND & FARM TRANSACTIONS BY ACREAGE
View the 2019 Market Trends Report.
View the 2018 Market Trends Report.
View the 2017 Market Trends Report,