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December 2008 Market Report Central Virginia

By
Real Estate Agent with eXp Realty LLC 0225227139

A break down of the market report shows that 217 new residential listings came on the market with most of these being listed in the Lynchburg City area. This is less than the 237 from the month of November 2008.

Total expired are up from the month of November from 275 to 471.  Total days on the market (DOM) is up as well from 161 in November to 190 in December.

The average sales price and the total selling price is higher for the month of December than it was the month of November 2008 by $587.759.

 

Property Type New Units Total Selling Price Average Selling Price  DOM % List Pending Withdrawl Expired
Residential 217 96 $17,129,491.00 $178,432.00 139 95.00% 67 87 237
Amherst 22 9 $1,519,400.00 $168,822.00 147 94.00% 5 6 33
Bedford 49 29 $6,982,110.00 $204,762.00 141 93.00% 16 29 67
Campbell 45 13 $2,205,300.00 $169,938.00 162 96.00% 10 17 44
Lynchburg 68 26 $3,811,000.00 $146,576.00 121 98.00% 24 16 30
Appomattox 13 10 $1,576,200.00 $157,620.00 184 96.00% 7 8 16
Other 4 4 $444,901.00 $111,225.00 117 98.00% 2 0 5
Charlotte 1 1 $82,500.00 $825,000.00 92 96.00% 0 3 2
Halifax 2 0 $0.00 $0.00 0 n/a 0 2 0
Buckingham 2 0 $0.00 $0.00 0 n/a 0 2 1
Nelson 2 1 $194,900.00 $194,900.00 112 92.00% 2 2 6
Prince Edward 2 0 $0.00 $0.00 0 n/a 0 1 1
Pittsylvania 7 3 $313,180.00 $104,393.00 80 96.00% 1 1 12
Townhouse 20 6 $833,400.00 $138,900.00 252 97.00% 7 14 39
Condominum 10 1 $127,900.00 $127,900.00 168 100.00% 0 11 6
Multi-family 8 2 $175,000.00 $87,500.00 261 79.00% 4 3 6
Farm & Land 161 16 $1,144,300.00 $71,518.00 472 92.00% 9 94 151
Commercial 9 1 $145,000.00 $145,000.00 91 82.00% 2 3 32
Total of All Properties 425 122 19555091 $160,287.00 190 95.00% 89 212 471
Posted by

Nannette Turner Saunders, Associate Broker

Short Sales Coordinator

Keller Williams Realty

1709 Laskin Road

Virginia Beach Va

Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA

Very good information here.  Your LP/SP ratios are basically very healthy on most of your numbers.

Jan 19, 2009 12:53 AM
Nannette Turner
eXp Realty LLC - Lynchburg, VA
Online Marketing Home Ownership Advocate Specialis

Jim thanks.  Our market is not as bad as some of the larger areas.  I was in Atlanta this past weekend.  It sure was cold!

Jan 19, 2009 09:13 AM