In my last post I talked about the June real estate market in the Charlottesville area mls regarding farms. Delving further into the available information it is apparent that the majority of the activity regarding farms and estates in the month of June was in Albemarle County.
Louisa County did not have any sales, or contingent or pending contracts for farms in the month of June. However there are also only 3 active listings for farms in Louisa County ranging in price from $478,000 -$3,200,000.
In Fluvanna County for the month of June there were also 0 sales and contingent farm contracts but there is 1 pending priced at $168,900. There are 3 farms listed actively for sale priced from $439,900-$650,000.
Compare this with Albemarle County with 2 pending, 4 contingent contracts, and 22 active farm listings. There were 2 farms sold in June in Albemarle, one for $4,800,000 after 189 days on the market and one at $7,800,000 after 315 days on the market.
From the available data we can see that the area farm sales are lagging behing the residential market. It is a very good time to buy a farm.
Please contact me for information on either the farm and estate or the residential market in the central Virginia area.
This information is from the area mls and is deemed correct but not guaranteed.
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