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. |
If a move to Central Virginia which includes Lynchburg, Campbell, or Bedford Counties is in your dreams I am the one to make it happen. I am motivated to work hard with your best interests in mind.
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