A N N U A L
R E P O R T
C HAR
TE LO T
SV I L
2014
LE
WELCOME TO THE NEST REALTY ANNUAL REPORT.
2014
CONTENTS
WELCOME A Letter From the Broker BIRDS EYE VIEW 2014 Highlights-at-a-Glance CHARLOTTESVILLE AREA MSA CITY OF CHARLOTTESVILLE ALBEMARLE CROZET IVY BARRACKS EARLYSVILLE KESWICK RIO SOUTHSIDE 29 NORTH FLUVANNA GREENE NELSON LOUISA NEW CONSTRUCTION ESTATES AND FARMS
04 05 06 08 10 12 13 14 15 18 19 20 21 22 23 24 25 27 28
C HAR
HELLO!
Nest Realty is excited to present the 2014 Nest Annual Report. This yearly wrap up is created to provide a thorough analysis of the Charlottesville real estate market. We’ve synthesized vast amounts of data to provide you with relevant metrics and statistics to help you buy a new home, sell your current home, or simply learn more about the real estate market.
LOCAL
After the strong and somewhat surprising growth of 2013, the 2014 Charlottesville area real estate market saw much more tempered growth in most major categories. The overall metropolitan statistical area (MSA) which includes the City of Charlottesville, Albemarle, Fluvanna, Greene, Louisa, and Nelson counties, saw a modest rise in both sales and average sale price. These slightly higher prices could potentially be the reason we experienced longer days on market, and an increase in months of inventory.
4
L
ES OTT
VILL
E
While sales in the City of Charlottesville were relatively flat, Nelson County was the only outlying area in the MSA to see an actual drop in total sales. Overall, the local market continued the upward trend we have witnessed the past four years.
TRENDS
National real estate trends mirrored the movement in our local market. Home sales across the country were relatively flat, with inventory levels and median prices rising modestly. The most surprising trend was the continued drop in interest rates. Despite expectations for rates to end in 2014 at well over 5%, we closed out the year with rates hovering around 4%. As always, rates will be watched closely as borrowing costs have a direct impact on the movements of all key real estate metrics.
OUR TEAM
At Nest Realty Charlottesville we are proud to have achieved #1 market share in the entire
MSA for both closed volume representing buyers, and closed volume representing sellers. For the second year in a row, Inc. Magazine recognized Nest as one of the fastest-growing private American Real Estate brokerages. We welcomed four new full-time brokers to our local Charlottesville office, as well as continuing our cautious regional growth, adding two offices in Asheville, North Carolina and Wilmington, North Carolina. Lastly, our Marketing & Creative team continued to grow, ending 2014 with 10 fulltime staffers on board to help our brokers continue to provide exemplary customer service to our clients and community partners.
LOOK FOR OUR TREND INDICATORS
NEST BIRD’S-EYE VIEW
TOTAL SALES VOLUME
1 OUT OF EVERY 3
TRANSACTIONS
875
ANNUAL
IN 2014
$320,000,000
$350,000,000
TOTAL CLOSINGS
$298,500,000
$300,000,000
NO ONE IN
$250,000,000 $200,000,000
MLS FOR VOLUME OF
$150,000,000 $100,000,000
IN THE CITY OF
$50,000,000
CHARLOTTESVILLE
$1,000,000
INVOLVED A
LISTED
$147,500,000
PROPERTY SOLD
$71,500,000 $48,000,000
2010
2011
2012
2013
2014
SEE PAGE 16-17 FOR A SAMPLING OF HOUSES SOLD IN 2014
AGENT
TOTAL S A L E S
NO ONE IN MLS FOR TOTAL VOLUME OF BUYER REPRESENTED
PROPERTY SOLD
$320,000,000
5
CHARLOTTESVILLE AREA MSA AREA ANALYSIS FOR CHARLOTTESVILLE, ALBEMARLE, AND MSA MSA
2014
%
2013
%
2012
Total Sales
3062
4.15
2940
9.09
2695
264,950
0.74
263,000
6.26
141
3.68
95
-12.04
345,051
4.76
$
328,098
6.30
$
8.96
-8.66
964,609,112
15.96
$
Median Price Price per Sq. Ft.
$
149
5.67
Days on Market
101
6.32
349,309
1.23
$
345,238
5.22
$
9.49
5.92
1,057,117,490
9.59
Avg. List Price
$
Avg. Sale Price
$
Months of Inventory Total Volume
6
$
$
$
$
$
247,500 $
136
108 329,381
308,665 9.81
$
831,851,952
* The Charlottesville Area MSA consists of the City of Charlottesville, Albemarle, Fluvanna, Greene, Louisa, and Nelson. Data as of 1/9/15
TOTAL SALES
MONTHS OF INVENTORY
3,000
2,940
2,700
14
3,062
13.97 12
13.10
2,695 10
2,400 2,100
2,341
2,326
2011
2012
2013
2014
2010
2,800
$280,000
2,600
245,175
2013
2014
2,727 2,567
2,400
263,000 264,950
255,000
2012
INVENTORY LEVELS
MEDIAN PRICE
$260,000
2011
TRENDING
$300,000
2,422
2,200
247,500
$220,000 $200,000
9.49
4 2010
TRENDING
$240,000
8.96
6
1,800 1,500
9.81
8
2,204
2,196
2,000
2010
2011
2012
TRENDING
2013
1,800
2014
2010
FLAT
2011
2012
2013
2014
TRENDING
SALES BY TYPE 2014 2,389 455 218
SINGLE FAMILY ATTACHED CONDO
SALES BY PRICE POINT 2014
32%
44%
2013
32%
45%
2012
36%
0%
15% 15%
45%
25%
50%
12%
75%
5% 4% 4% 4% 3% 3%
$0-199,999 $200,000-399,999 $400,000-599,999 $600,000-799,999 $800,000+
100%
7
CITY OF CHARLOTTESVILLE 2014
%
512
1.19
261,250
4.50
185
7.56
76
28.81
325,856
CHARLOTTESVILLE Total Sales $
Median Price
$
Price per Sq. Ft.
8
.80
250,000
7.53
172
6.17
$
-39.80
9.40
297,868
310,674
8.33
$
5.91
21.11
159,065,097
9.62
Avg. List Price Avg. Sale Price
$
Total Volume
506
59
$
$
%
$
Days on Market
Months of Inventory
$
2013
$
2012
502 $
232,500 $
162 98
-0.93
$
300,677
286,776
0.81
$
284,483
4.88
-12.70
145,108,859
1.61
5.59 $
142,810,868
TOTAL SALES
MONTHS OF INVENTORY 12
550 500
502
506
512
10
450
8
400
6
350 300
12.03
9.25
402
377
5.59
4
2010
2011
2012
2013
2
2014
2010
2011
TRENDING
400
261,250
$250,000
350
378
250,000
245,000
300
310
250
230,000 232,500
$220,000 $210,000
2014
INVENTORY LEVELS
MEDIAN PRICE
$230,000
2013
5.91
TRENDING
$260,000
$240,000
2012
4.88
252 234
200
2010
2011
2012
2013
150
2014
2010
TRENDING
2011
2012
206 2013
2014
TRENDING
SALES BY TYPE 2014 382 59 71
SINGLE FAMILY ATTACHED CONDO
SALES BY PRICE POINT 2014
53%
25%
2013
55%
28%
2012
13% 45%
39%
0%
14%
25%
50%
10%
75%
4% 2% 2%2% 3% 3%
$0-199,999 $200,000-399,999 $400,000-599,999 $600,000-799,999 $800,000+
100%
9
ALBEMARLE COUNTY 2014
%
1,468
3.16
325,000
1.72
160
5.96
98
10.11
435,114
-0.55
$
427,808
3.63
$
8.52
5.71
628,022,691
6.90
ALBEMARLE Total Sales $
Median Price
$
Price per Sq. Ft. Days on Market Avg. List Price
$
Avg. Sale Price
$
Months of Inventory Total Volume
10
$
2013
%
1,423
10.65
319,500
10.17
151
4.86
89
-11.00
437,542
7.71
$
412,841
9.77
$
8.06
-11.23
587,473,461
21.47
$
$
$
2012
1,286 $
290,000 $
144
100 406,232 376,085 9.08 $
483,645,942
TOTAL SALES
MONTHS OF INVENTORY 14
1,500 1,400
1,423
1,468
12
12.37 11.69
10
1,300
1,286
1,200
1,123
1,100
9.08
8
8.06
8.52
6
1,086 1,000
2010
2011
2012
2013
2014
4
2010
2011
TRENDING
319,500 290,000
325,000
1,150 1,100
1,120
290,000 279,620
1,000
$225,000
950
2010
2011
1,094
1,050
$250,000
$200,000
2012
2014
INVENTORY LEVELS
MEDIAN PRICE
$275,000
2013
TRENDING
$325,000 $300,000
2012
2013
2014
900
1,042 974
2010
2011
TRENDING
956
2012
2013
2014
TRENDING
SALES BY TYPE 2014 995 383 90
SINGLE FAMILY ATTACHED CONDO
SALES BY PRICE POINT 2014
42%
22%
2013
45%
20%
2012
25%
50%
17%
75%
8%
7%
21% 48%
25%
0%
9%
20%
7%
5% 5%
$0-199,999 $200,000-399,999 $400,000-599,999 $600,000-799,999 $800,000+
100%
11
CROZET TOTAL SALES
MONTHS OF INVENTORY
300
14
250
256 244
200 150
183
255
12
12.12
11.54 10
190
8.90
8
9.79
9.04
6
100
4
50 2010
2011
2012
TRENDING
2013
2014
2010
2011
FLAT
2012
2014
2013
TRENDING
MEDIAN PRICE $375,000
360,000
$350,000
364,300
310,000
304,252
12
TRENDING
-0.39
364,300
1.19
115
59.72
464,843
10.30
$
425,124
3.35
$
9.79
8.30
108,406,617
2.95
Avg. List Price
$
Avg. Sale Price
$
Total Volume
$250,000 2012
255 $
Months of Inventory
2011
%
Days on Market
317,074
$275,000
2010
2014
Total Sales Median Price
$325,000 $300,000
CROZET
2013
2014
$
2013
256 $
360,000 72 421,430 411,387 9.04
$
105,302,362
IVY TOTAL SALES
MONTHS OF INVENTORY
160
25
161 140
156
15
120 100
20
109
112
13.60
10 5
60
0 2011
15.84
120
80
2010
16.95
2012
2013
2014
9.38
8.27
2010
2011
TRENDING
2012
2014
2013
TRENDING
MEDIAN PRICE $650,000 $600,000
620,000
607,500
640,000
$400,000
TRENDING
-3.11
640,000
3.23
97
-25.38
890,445
7.69
$
823,011
6.62
$
9.38
13.42
128,389,715
3.31
Avg. List Price
$
Avg. Sale Price
$
Months of Inventory 2012
156
Days on Market
$450,000
2011
%
$
Median Price
$500,000
2010
2014
Total Sales
562,500 562,000
$550,000
IVY
2013
2014
Total Volume
$
2013
161 $
620,000 130 826,875 771,879 8.27
$
124,272,558
13
BARRACKS TOTAL SALES
MONTHS OF INVENTORY
110
16
100
14
103 98
90
12
90 10
80
14.16 10.94
80
9.67
8
72
70
7.80
7.33
6
60 2010
2011
2012
2013
2014
2010
2011
TRENDING
2012
2014
2013
TRENDING
MEDIAN PRICE $250,000
250,000
BARRACKS
$225,000 $200,000
%
98
8.89
190,500
7.96
119
26.60
294,524
18.88
$
274,142
16.62
$
9.67
31.92
26,865,867
26.98
Total Sales
224,500
$
Median Price
204,350
190,500
$175,000
176,450
$150,000
Days on Market Avg. List Price
$
Avg. Sale Price
$
Months of Inventory
$125,000
Total Volume 2010
14
2014
2011
2012
TRENDING
2013
2014
$
2013
90 $
176,450 94 247,744 237,075 7.33
$
21,157,200
EARLYSVILLE TOTAL SALES
MONTHS OF INVENTORY
100
30
80
25
75
60 40
70
15
15.91 14.57
29
20
20
56
46
28.55
10
10.11
9.44 5
0 2010
2011
2012
2013
2014
2010
2011
TRENDING
2012
2014
2013
TRENDING
MEDIAN PRICE $450,000
EARLYSVILLE $400,000 $350,000
415,000 405,000
392,500 350,000 292,000
$250,000 $200,000 2012
TRENDING
70
-6.67
405,000
-2.41
111
-11.90
444,444
-8.18
$
484,012
419,732
-9.44
$
468,150
10.11
7.10
29,381,248
-15.47
Total Sales $
Median Price
Avg. List Price
$
Avg. Sale Price
$
Months of Inventory 2011
%
Days on Market
$300,000
2010
2014
2013
2014
Total Volume
$
2013
75 $
415,000 126
9.44 $
34,759,961
15
A SAMPLING OF NEST’S
2014 SOLD PROPERTIES
16
66 FOX CHASE LANE $375,000
1400 RIDGEWAY DRIVE $700,000
280 FORESTVUE DRIVE $595,000
562 EDGEWOOD DRIVE $315,000
729 GOLF VIEW DRIVE $683,952
687 FIELDING RUN $487,770
1478 KINROSS LANE $1,334,959
1515 MARKET STREET $375,000
1660 BLACKWOOD ROAD $1,300,000
2045 DOGWOOD LANE $4,700,000
2305 AVINITY COURT $335,000
2525 RIDGE ROAD $735,000
369 GRAYROCK DRIVE $419,000
425 WHITE GABLES LN, UNIT 101 $610,000
445 GLENDOWER ROAD $892,500
711 HINTON AVENUE $424,900
617 PARK STREET $1,000,000
1001 HAYRAKE LANE $354,000
1729 HYLAND CREEK CIRCLE $731,005
2928 TEMPELHOF COURT $299,900
1825 BAREFOOT COURT $416,425
2766 HOLLAND CREEK $638,000
4410 OLD FIELDS ROAD $712,500
8143 WEST END DRIVE $347,500
17
KESWICK TOTAL SALES
MONTHS OF INVENTORY
250
16
150
237
218
200
156
208
14
15.23 13.58
12
159
100
10
50
8
12.15 10.32 9.52
6
0 2010
2011
2012
2013
2014
2010
2011
TRENDING
2012
2014
2013
TRENDING
MEDIAN PRICE $400,000
390,000
$375,000
KESWICK
2014
%
237
13.94
390,000
8.33
104
-0.95
491,475
-7.79
$
533,004
460,835
-6.27
$
491,840
12.15
17.73
109,217,922
6.80
Total Sales Median Price
360,000
$350,000
$
Days on Market $325,000 $300,000
312,317 283,050
$275,000 2010
18
2011
301,091
Avg. List Price
$
Avg. Sale Price
$
Months of Inventory Total Volume
2012
TRENDING
2013
2014
$
2013
208 $
360,000 105
10.32 $
102, 261,032
RIO TOTAL SALES
MONTHS OF INVENTORY
200
12
188
180
168
160
10
11.3
8
160
120
7.62
6
140
6.21
4
124
121
7.91
7.74
2
100 2010
2011
2012
2013
2014
2010
2011
TRENDING
2012
2014
2013
TRENDING
MEDIAN PRICE $300,000
288,500
$280,000 $260,000
RIO
295,000 287,000
279,000
2014
%
188
11.90
287,000
-2.71
85
19.72
308,521
-3.85
295,846
-5.11
7.91
27.38
55,323,182
5.62
Total Sales $
Median Price Days on Market
$240,000
230,700
$220,000
Avg. List Price
$
Avg. Sale Price
$
Months of Inventory $200,000
Total Volume 2010
2011
2012
TRENDING
2013
2014
$
2013
168 $
295,000 71
$
320,870
$
311,951 6.21
$
52,376,988
19
SOUTHSIDE TOTAL SALES
MONTHS OF INVENTORY
250
16
246
225
242
223
200
16.02
14 12
202
175
10
150
8
125
146 2010
10.86
10.03
6 2011
2012
2013
2014
2010
2011
TRENDING
2012
7.85
7.88
2013
2014
FLAT
TRENDING
MEDIAN PRICE $300,000
SOUTHSIDE $280,000
Total Sales
265,000 267,750
$260,000 $240,000
Days on Market
256,750 226,950
$220,000
220,000 2010
2011
2012
TRENDING
2013
242
-1.63
267,750
1.04
95
6.74
2013
246 $
265,000 89
$
302,496
-18.25
$
370,029
Avg. Sale Price
$
289,958
-12.73
$
332,309
7.88
0.38
70,169,759
-14.14
Total Volume 2014
%
Avg. List Price
Months of Inventory
$200,000
20
Median Price
$
2014
$
7.85 $
81,730,503
29 NORTH TOTAL SALES
MONTHS OF INVENTORY
250 225
9
245 219
200
219
222
178
175
7
5
125
4 2011
7.78
7.24
6
150
2010
8.56
8
2012
TRENDING
2013
2014
6.02
5.53
2010
2011
FLAT
2012
2014
2013
TRENDING
MEDIAN PRICE $310,000
307,500
$300,000
29 NORTH
%
222
1.37
307,500
10.10
74
17.46
331,723
8.08
$
311,119
3.84
$
7.78
29.24
69,068,381
5.27
Total Sales Median Price
$290,000
2014
$
Days on Market $280,000
277,000
$270,000 $260,000
279,300
272,500
$
Avg. Sale Price
$
Months of Inventory
265,000 2010
Avg. List Price
Total Volume 2011
2012
TRENDING
2013
2014
$
2013
219 $
279,300 63 306,910
229,602 6.02
$
65,612,857
21
FLUVANNA TOTAL SALES
MONTHS OF INVENTORY
400
405
14
350 300
16
350
343
14.12
12
305 263
250
15.87
10.46
10
10.31 9.60
8
200
6
150 2010
2011
2012
2013
2014
2010
2011
TRENDING
2012
2014
2013
TRENDING
MEDIAN PRICE $225,000
FLUVANNA $200,000
197,500
182,000
187,500 175,500
$125,000
Median Price
15.71
187,500
6.84
99
-2.94
219,955
1.02
$
217,727
207,453
-2.24
$
212,215
9.60
-6.89
84,018,401
13.12
Avg. List Price
$
Avg. Sale Price
$
Months of Inventory Total Volume
$100,000
22
405 $
Days on Market
$150,000
2010
%
Total Sales
205,000
$175,000
2014
2011
2012
TRENDING
2013
2014
$
2013
350 $
175,500 102
10.31 $
74,275,518
GREENE TOTAL SALES
MONTHS OF INVENTORY
240
242
14
230
13
220
12 11
210
209
205
200
12.87 11.99
215
210
13.25
10.96
10.49
10 9
190 2010
2011
2012
2013
2014
2010
2011
TRENDING
2012
2014
2013
TRENDING
MEDIAN PRICE $250,000 $240,000
GREENE
247,500
Median Price
226,500
230,000
242
15.79
218,750
-1.02
124
16.98
256,507
7.34
$
240,126
3.49
$
10.96
-8.59
80,660,331
66.32
$
Days on Market
221,000
$210,000
218,750
Avg. List Price
$
Avg. Sale Price
$
Months of Inventory $200,000
Total Volume 2010
%
Total Sales
$230,000 $220,000
2014
2011
2012
TRENDING
2013
2014
$
2013
209 $
221,000 106
238,969 232,036 11.99
$
48,495,622
23
NELSON TOTAL SALES
MONTHS OF INVENTORY
250
25
230
225
20
24.24
23.47
23.50 21.14 17.11
15
200
196 175
184
191
181
10 5
150
0
125 2010
2011
2012
2013
2014
2010
2011
TRENDING
2012
2014
2013
TRENDING
MEDIAN PRICE $275,000
NELSON $250,000
260,000 225,000 227,900
238,750
$200,000 $175,000
Median Price
-16.96
238,750
-2.93
170
-9.09
294,876
2.63
$
276,759
3.60
$
23.50
37.35
52,860,964
-13.97
Days on Market Avg. List Price
$
Avg. Sale Price
$
Total Volume
$150,000
24
191 $
Months of Inventory
2010
%
Total Sales
245,950
$225,000
2014
2011
2012
TRENDING
2013
2014
$
2013
230 $
245,950 187 287,318 267,152 17.11
$
61,445,161
LOUISA TOTAL SALES
MONTHS OF INVENTORY
250
18
244
225
222
200
17.79
17.17
14
13.57
12
175 150
16
168
167
10.54
10
9.64
149 8
125 2010
2011
2012
2013
2014
2010
2011
TRENDING
2012
2014
2013
TRENDING
MEDIAN PRICE $220,000
LOUISA $210,000
215,000
2014
%
244
9.91
179,750
-1.21
95
-2.06
231,645
5.22
$
215,123
-0.11
$
9.64
-8.54
52,490,006
9.79
Total Sales Median Price
$200,000
$
Days on Market $190,000 $180,000
181,400
182,700
181,950
179,750
$170,000
Avg. List Price
$
Avg. Sale Price
$
Months of Inventory Total Volume
2010
2011
2012
TRENDING
2013
2014
$
2013
222 $
181,950 97 220,151 215,151 10.54
$
47,810,491
25
— THE MACER FAMILY “WE RECENTLY RELOCATED FROM THE UK WITH OUR THREE YOUNG CHILDREN AND OUR NEST AGENTS WERE THE BEST!
With our limited knowledge of the area and the purchase process, we relied heavily on our Nest Agent’s expertise to find our home and they delivered in every way. From filming potential properties to forwarding mail, they had everything covered and nothing was too much trouble to make sure that we were informed and delighted with our decision and experience.”
26
NEW CONSTRUCTION TOTAL SALES
MEDIAN PRICE $400,000
475
469
450 425
$300,000
420
400 375
373,522
$350,000
396
$250,000
386
305,091
317,075
339,764
270,488
$200,000
374 350
2010
2011
2012
2013
2014
$150,000
2010
2011
TRENDING
2012
2014
2013
TRENDING
SALES BY TYPE 2014 305 162
SINGLE FAMILY ATTACHED
BY AREA
TOTAL SALES
%
Albemarle
319
68.02
Charlottesville City
30
6.40
Fluvanna
34
7.25
Greene
30
6.40
Louisa
52
11.09
Nelson
4
0.85
27
ESTATES AND FARMS TOTAL NUMBER OF SALES CHARLOTTESVILLE
ALBEMARLE
SURROUNDING COUNTIES *Includes the counties of Fluvanna, Greene, Louisa, Madison, Nelson, & Orange
2014
%
2013
%
2012
$800,000-999,999
4
-33.33
6
20.00
5
$1,000,000-1,499,999
6
100.00
3
-50.00
6
$1,500,000+
2
N/A
0
-100.00
2
$800,000-999,999
41
7.89
38
58.33
24
$1,000,000-1,499,999
47
17.50
40
60.00
25
$1,500,000+
23
-4.17
24
60.00
15
$800,000-999,999
8
100.00
4
100.00
2
$1,000,000-1,499,999
4
-20.00
5
25.00
4
$1,500,000+
2
-33.33
3
N/A
0
2014
%
2013
%
2012
5,499,000
24.37
$
3,625,000
-46.78
$
0
N/A
$
33,450,008
61.62
$
47,688,348
61.68
$
62,633,750
36.96
$
3,550,000
113.21
$ $
TOTAL DOLLAR VOLUME OF SALES CHARLOTTESVILLE
ALBEMARLE
SURROUNDING COUNTIES *Includes the counties of Fluvanna, Greene, Louisa, Madison, Nelson, & Orange
28
$800,000-999,999
$
3,594,600
-34.63
$
$1,000,000-1,499,999
$
6,625,000
82.76
$
$1,500,000+
$
3,817,690
N/A
35,638,439
6.54
$
55,100,242
15.54
$
$
$800,000-999,999
$
$1,000,000-1,499,999
$
$1,500,000+
$
90,176,416
43.97
$
$800,000-999,999
$
6,808,000
91.77
$
$1,000,000-1,499,999
$
4,900,000
-12.89
$
5,624,950
13.06
$1,500,000+
$
24,940,000
252.51
$
7,075,000
N/A
4,421,500 6,811,000
3,250,000
20,696,576 29,495,352
45,732,500 1,665,000
4,975,000 $
0
COUNTRY PROPERTY SALES 2014
ALBEMARLE
FLUVANNA
GREENE
LOUISA
MADISON
NELSON
ORANGE
5-25 Acres
107
38
13
31
12
27
11
25 + Acres
31
2
6
1
6
12
3
ALBEMARLE
FLUVANNA
GREENE
LOUISA
MADISON
NELSON
ORANGE
5-25 Acres
107
31
13
31
23
32
8
25 + Acres
27
9
2
6
9
7
8
FLUVANNA
GREENE
LOUISA
MADISON
NELSON
ORANGE
2013
COUNTRY PROPERTY MEDIAN PRICE 2014
ALBEMARLE
490,000
$
1,200,000
$
5-25 Acres 25 + Acres 2013
$ $
ALBEMARLE
5-25 Acres 25 + Acres
$
308,403
$
FLUVANNA
500,000
$
1,250,000
$
$ $
280,500
306,000
$
859,500
$
GREENE
244,000
$
622,512
$
180,000
$
638,000
$
LOUISA
298,000
$
355,000
$
234,000
$
295,000
$
480,000
600,000
$
475,000
$
890,000
MADISON
NELSON
156,500
$
299,900
$
472,500
$
550,000
$
ORANGE
283,500
$
340,000
$
350,000
840,000
LAND SALES 2014
ALBEMARLE
FLUVANNA
GREENE
LOUISA
MADISON
NELSON
ORANGE
0-5 Acres
55
36
30
61
4
35
7
5-25 Acres
42
15
4
13
9
19
4
25 + Acres
19
5
1
7
7
7
2
ALBEMARLE
FLUVANNA
GREENE
LOUISA
MADISON
NELSON
ORANGE
0-5 Acres
65
26
16
48
4
31
0
5-25 Acres
35
13
6
15
9
14
2
25 + Acres
9
4
1
8
9
9
4
ALBEMARLE
FLUVANNA
GREENE
LOUISA
MADISON
NELSON
ORANGE
2013
LAND MEDIAN PRICE 2014
119,000
$
30,000
$
277,500
$
50,000
$
0-5 Acres
$
5-25 Acres
$
25 + Acres
$
2013
650,000
ALBEMARLE
$
200,000
FLUVANNA
179,000
$
223,750
$
350,000
$
0-5 Acres
$
5-25 Acres
$
25 + Acres
$
$
55,000
$
75,000
52,950
$
42,500
$
220,000
$
254,000
GREENE
27,500
$
LOUISA
37,500
$
109,000
$
295,000
$
$
63,000
$
275,000
$
53,625
$
40,500
$
132,000
$
88,000
$
400,000
$
$
MADISON
75,000
265,000
$
NELSON
ORANGE
45,000
N/A
$
108,000
$
69,950
$
370,000
$
211,310
$
49,000
$
153,500
$
92,250
600,000
47,250
$
39,900
226,250 416,250
29
30
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