Jett Land and Realty LLC maintains a database of sales transactions 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, Powhatan County swung back to its very conservative pace, compared to the previous year.
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: Noteworthy is the fact that all parcels sold in Powhatan County were sold at or above assessed value. This is noteworthy as we continue to see the land market correcting itself.