It was nice traveling through central virginia yesterday looking at the snowscaped countryside.I went to Nottoway and Prince Edward to research land sales of tracts that are over 50 acres in size.The following data was based on arms length transactions that are on record at the clerk's office.These sales occurred from January 1,2008 through December 31,2009.
The following is what I found in Nottoway County: Nottoway had a total of 15 sales of tracts over 50 acres during this period.14 sales occurred in 2008 and only 1 in 2009.There were 9 sales of tracts between 50 and 100 acres and 6 sales of tracts over 100 acres.1 sale was less than the county's assessed value.
In Prince Edward County there were 19 sales of land tracts over 50 acres in size during this period.12 sales occurred in 2008 and 7 in 2009.13 sales were of tracts between 50 and 100 acres and 6 were over 100 acres.6 sales were less than the county's assessed value.
I am going to talk about Buckingham County next time.
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