Jett Land and Realty LLC maintains a database of sales of parcels over fifty acres in size in twenty two counties in Central Virginia. These sales include arms-length transactions between individuals as well as trustee’s sales. Of those counties represented in this database, Buckingham County maintained its lead for the largest volume of sales of tracts over fifty acres at thirty three sales.
The number of 2013 sales under the county assessed value is also provided for additional consideration. The sale prices of over forty eight per cent of the total sales in 2013 were less than the county’s assessed value: Specifically over fifty four percent of those parcels in Buckingham county were sold under assessed value. This is noteworthy as we continue to see the land market correcting itself.