Madison County, Virginia

Madison County has not experienced as many short sales and foreclosures as many of the other central Virginia counties. The chart below will give you a snapshot of the current market inventory and how many homes have sold in Madison County in 2011.

There have been very few short sales (where the seller owes more on their mortage then they can sell their property for) in Madison County.

There have been a few bank-owned properties sold within Madison County. Thtrr lender-owned properties have sold since January 1, 2011.

The U.S. Census in 2009 reported that Madison County had 6078 household units. This number has been used below in calculated the number of distressed properties in the county.

Summary of Incidents of Distressed Property	Short Sales	Lender/REO
LISTINGS ACTIVE OR UNDER CONTRACT, LENDER OWNED OR SHORT SALE, CURRENTLY IN THE CHARLOTTESVILLE MLS	.62 %	1.86%
% OF ALL COUNTY HOUSEHOLDS SOLD AS FORECLOSURE OR SHORT SALE IN 2010	0.16%	0.049%
% OF ALL COUNTY HOUSEHOLDS CURRENTLY FOR-SALE OR UNDER CONTRACT	0.016%	0.049%

Madison County Virginia Real Estate Foreclosures

Madison County Homes for Sale

Madison County Virginia is the northernmost area represented by Gayle Harvey Real Estate, Inc. With its spectacular mountain views and rolling farmland, it is one of the favorites for people who desire a rural lifestyle. Madison County is working toward restricting the growth that is present in many of the surrounding counties. Situated on the Route 29 corridor halfway between Charlottesville and Northern Virginia, Madison has seen its real estate prices soar. In an attempt to slow growth and maintain the rural charm of the county, the Madison County Board of Supervisors has restricted land development to no more than four divisions per taxmap parcel every ten years.

The New York Times Travel section recently promoted Madison County. "Rising east of the Blue Ridge Mountains and west of the flat coastal lowlands, the foothills, or northern Piedmont, look very much the way they did when the Civil War armies moved up and down between Washington and Richmond.... Now however, more people are discovering the foothills as a weekend getaway and even a good place to retire. This is a region that seems to have resisted change for change's sake.... A good part of Madison, Rappahanock and Greene Counties is occupied by the Shenandoah National Park, with natural splendors like Old Rag Mountain and White Oak Falls. Here, frustrated city dwellers can hike or ride horseback along wooded trails, fish in clear mountain streams, pick berries, look for arrowheads or just breathe fresh air."

Madison County Virginia has lots to offer. Quaint shops pepper the Main Street as do vineyards and wineries pepper the countryside. There are several very nice restaurants in Madison and if you travel some of the backroads you will see why Madison County, Virginia has become a destination!

Local Government
Madison Chamber of Commerce
Schools
GIS Maps
The Madison Eagle