Kathy Myers Carson, Realtor
OCTOBER 2011 - LYNCHBURG HOUSING REPORT
Houses for Sale (current MLS) 1754 (11-5-2011)
New Listings for October 2011 248
Houses Sold in October 2011 127
- Average Days on the Market = 155/174 (Positive - 10 to 15 days shorter than 9-11)
- Sale Price % to List Price = 94.80% (Positive – up 3/12% from 9-11)
- Average Sales Price = $ 147,956 (Negative – down $30,726 from 9-11)
There is a 12 Month Inventory of HOMES for SALE in the Lynchburg MLS
Specific Areas: Interesting Information!
Amherst 15.33 months of Inventory
Lynchburg (24502/01 $100K to $200K) 15.33 months of Inventory
Lynchburg (24503 $90K to $150K) 9.74 months of Inventory
Lynchburg (24503 $150K to $300K) 9.79 months of Inventory
Camp Co (BHS $100K to $200K) 8.60 months of Inventory
Camp Co (BHS over $200K) 35.00 months of Inventory
Camp Co (Yellowbranch $150K to $225K) 14.61 months of Inventory
Forest ($100K to $200K) 1.43 month of Inventory
Forest ($200K and over) 12.00 months of Inventory
JF/BHS/Rust ($175K to $250K) 8.25 months of Inventory
Strong “BUYERS MARKET”
Amherst, Central Lynchburg (Ft Hill, Old Forest Rd, Sandusky…), Camp Co (BHS $200K), Camp Co (Yellowbranch $150Kto $225K), Forest ($200K +)
Strong “SELLERS MARKET”
Forest ($100K to $200K)
Moving toward a more “Balanced Market” (6 months inventory)
Lynchburg (24503 $90K to $150K), Lynchburg (24503 $150K to $300K), Campbell Co (BHS $100K to $200K), JF/BHS/Rustburg High School Districts ($175K to $250K)
What does this mean?
If you are a Seller – check your Market – is your price attracting Buyers?
If you are a Buyer – check the stats of the neighborhood you want to live in. This is an overall glimpse of an area (not a subdivision, street or development) – I can run the stats for you for your specific price range and the specific area you are exploring to buy!
This information is taken from statistics for single family homes provided through the LAR MLS & analyzed by Kathy Carson-
There can be variables that affect my analysis. I supply this information for my customers, clients & business associates.