Lewisburg, WV

Lewisburg WV Market Report | January 2012

Take Me Home Country Roads to the place I belong....West Virginia!

Check out West Virginia byways and take a day trip or stay a week and explore West Virginia's scenic byways. Breathtaking beauty awaits around every mountain curve.

January 2012 sales are up by one compared to 2011

Pending sales were down by 3 for 2012

Active Listing were down by 29 for 2012

New listings up by 2 in 2012

Average Days on the Market were higher in 2012 by 134 more days

• Average list price for January 2012: $216,750

• Average list price for January 2011: $176,400

• Average sales price for January 2012: $201,375

• Average sales price for January 2011: $164,000

• Sales price to list price ratio for January 2012: 0.90%

• Sales price to list price ratio for January 2011: 0.93%

There are presently 47 residential properties currently active in Lewisburg. The Lewisburg Real Estate market shows that the average sales price for residential homes is around $267,131 with the average days on the market being 178 days. The price range of the 47 active properties are from $65,000 to $950,000.

On last month’s market report, I mentioned that Lewisburg real estate market is a buyers' market as the absorption rate for Lewisburg Real Estate shows over eight months of inventory. At this writing, the Lewisburg market is still a buyer’s market.

It's the ideal time for buyers to get their dream home....are you tired of renting and seeing your money go out the window...act now and make that investment for your future! Call me and I’ll be glad to help you find that dream home.

Land for sale In Greenbrier Pines, a superb residential subdivision located within the city limits of Lewisburg WV. Build your dream home on this secluded wooded lot in Greenbrier Pines, Lot #8, consisting of 1.79 acres. Listed at $65,000, it is located in Phase III on Old White Drive, Lewisburg, WV. Greenbrier Pines has underground utilities and the homeowner's association dues are $200 annually.

List Price: $65,000

Lot#8, Phase III, Greenbrier Pines

MLS# 11-1077

This is the only lot on the market listed on the MLS.

The last lot sold was in 2007 for $79,500 for 1.56 acres.

Greenbrier Pines

Greenbrier Pines is located just minutes from

• historical downtown Lewisburg,
• Lewisburg Elementary, Middle and High Schools
• West Virginia School of Osteopathic Medicine, and the
• Greenbrier Resort

If golf is your game, there are several nearby courses:

• Lewisburg Elks Country Club

• Greenbrier Resort has three championship golf courses

• Greenbrier Sporting Club Golf Course,

• Valley View Country Club, Inc.

• Oakhurst Links

You will find many outdoor adventures to enjoy in Lewisburg and the Greenbrier County.........hiking, biking, camping, caving, canoeing, fishing, snow skiing, cross-country skiing, and so much more!!

Of course, Lewisburg is known for their great restaurants
Stella’s Tea House, Bella Casa, Food and Friends, Stardust Cafe, just to name a few. With no crowds, shopping is fun exploring the specialty shops.

There's always something going on year-round in Lewisburg with the award-winning galleries, Greenbrier Valley Theatre, Carnegie Hall, and so much more.

Looking for some secluded land in a prime subdivision in Lewisburg, WV....check out Greenbrier Pines. Leave the hurry of the city behind and enjoy the tranquility of this exclusive community.

The Greenbrier Humane Society’s 2012 Furr Ball Event: Dancing with the strays will be held on Saturday, February 4, from 7:00 pm until 11:30 pm at the Lewisburg Elks Country Club. Food will be provided by Blackwells. Besides great food, there will be a Silent Auction. For those that love to dance, music will be provided by the popular Dance Band In the Heat of the Night.

Ticket Price: $25.00 in advance OR $30.00 at the door
($500.00 Sponsor to reserve 10 tickets and a table)

Tickets sold at

The Greenbrier Humane Society

151 Holliday Lane, Lewisburg, WV 24901

(304) 645-4775

Directions: The Greenbrier Humane Society - Route 60 West about 1/4 mile outside of Downtown Lewisburg, W.V. After you pass Jim’s Drive-In, make a left on Holliday Lane.

If you are interested in adopting an animal, go to the Greenbrier Humane Society website to see all the animals and the statistics on each one. Pictured below are two of the animals... Freddy an adult male Airedale Terrier, and Carson, an adult male domestic medium-hair cat.

Hours of Operation: The Greenbrier Humane Society is opened

Monday – Friday 9:00 AM to 5:00 PM

On Saturdays – 11:00 AM to 3:00 PM

Kennels open at 11:00 AM for animal viewing and adoptions

Come out for some good food, music and dancing, and support the Greenbrier Humane Society’s 2012 Furr Ball Event: Dancing with the strays. It will be an enjoyable evening!

 Lewisburg WV Market Report | December 2011

New Business Opening Soon

 Lewisburg, West Virginia, is a great place to live, work, raise a family, retire, or start a business.   Named"America's Coolest Small Town", Lewisburg is the largest municipality in Greenbrier County and is also the county seat. New businesses are opening in this small historical town where artists, retirees and shopkeepers live in Colonial and Federal buildings on neat, shady streets.

In mid February, a new restaurant called the Livery Tavern will be opening. For more information, check out my previous post on the  Livery Tavern.

The Livery Tavern
Construction, September 2011

 Lewisburg WV Market Report | December 2011

• Single-family properties closed in December 2011:  5
• Average sales price:  $144,900
• Average list price:  $156,700
• Sales price to list price ratio:  0.92%
• Average days on the market:  190
• Sales currently pending:  5

There are presently 42 residential properties currently active in Lewisburg. The Lewisburg Real Estate market shows that the average sales price for residential homes is around $264K with the average days on the market being 224 days. The price range of the 42 active properties are from $64,000 to $950,000. 

Lewisburg is in a buyers' market as the absorption rate for Lewisburg Real Estate shows over 8 months of inventory.  The Lewisburg Real Estate has been a buyer's market for the last four months (Sept-Dec) as noted in the chart below.  From April to August the stats show it was a seller's market; and back to a buyer's market the first quarter of the year, January through March.

It's the ideal time for buyers to get off the fence and start looking for their Lewisburg home. 

NOTE: The local market type is often characterized by the absorption rate as follows:

Buyer’s Market:  More than 6 months of supply

Balanced/Transitional Market:  6 months of supply

Seller’s Market:  Less than 6 months of supply

Search for Listings for Lewisburg WV, Greenbrier County

  NOTE:  GVBR MLS, Information is deemed to be reliable, but is not guaranteed.

Come visit our quaint historical town of Lewisburg, in the Greenbrier Valley, a wonderful place to live and work.  Enjoy the great restaurants, tour the town, and shop in the quaint stores and get the feel for this home town. Lewisburg offers unique recreational and cultural attractions…so come visit check out the real estate, and take a historical tour of Lewisburg......you just might want to make Lewisburg your home.