“World's Most Complete Neighborpedia”
Sponsor a Community — What is Localism? | Register or Sign In
Explore:   What's happening in your neck of the woods?
Home

January Monthy Market Update

January Monthly Market Update

Sales Period: January 2008

Property Type Area Liv Area Units Sold Average List Price Average Sold Price DOM

Single family Lynchburg 1951 50 166,924 161,796 89

Campbell County 1723 26 159,811 152,275 108

Bedford County 2271 36 283,409 272,219 116

Amherst County 1998 21 178,390 173,635 95

Appomattox County 1463 5 154,120 144,500 256

A total of 138 properties sold the month of January 2008. That is down a little from January 2007 when 147 properties sold. And it has taken longer for homes to sell the month of January than in previous months. Once the spring gets here there is a much better opportunity for the activity to increase.

1) The "List Price" is what the seller is asking for their property

2) The "Sold Price" is what the new owner paid for the comparable property

2) DOM (Days of Market) that is comparably high can indicate an unrealistic asking price

3) Liv Area or Living Area SF is the total square footage minus any garage, unfinished basement or attic square footage

If you have any questions regarding this information please do not hesitate to contact me.
Posted Thursday Feb 28