lynchburg virginia real estate market home buyers home sellers: The Lynchburg Market Report, February 3, 2010 - 02/03/10 06:13 AM
So apparently we're going to get some snow this weekend... on top of the 20+ inches we've already received.  Needless to say, all this inclement weather doesn't do much for the local housing market.  However, as one of my former brokers used to say... "I LOVE showing houses in the snow... because you know those buyers REALLY want to buy a house!" 
So if you are one of those buyers who's ready to brave the elements to see the home of your dreams... or if you're one of those sellers hoping for a showing to one of those buyers... let's see … (3 comments)

lynchburg virginia real estate market home buyers home sellers: Tuesday, Spetember 29, 2009 - 09/29/09 06:18 AM
Well we're right at the end of September, marking the close of the third quarter for 2009.  While there are many reports about consumer sentiment and jobless claims, one element of our economy that continues to make headlines is our housing sector.  Let's look at January through August numbers for this year in Lynchburg, and compare those with last year's numbers. This year, from January 1 through August 31, we have closed on a total of 1240 homes.  Last year, for the same time period, we closed on 1601 homes - a decline of almost 23% in the volume of homes … (0 comments)

lynchburg virginia real estate market home buyers home sellers: Wednesday October 15, 2008 - 10/14/08 12:00 PM
Where are the Buyers?
As the economic rollercoaster continues to effect all sectors of business across the country, home sellers (and real estate agents) in many areas are left to wonder ‘Where are our buyers?”  We’ve continually touted our area’s stable market and varied pool of buyers, but let’s take a look at specifically ‘who’ has been buying ‘what’ recently.
For the month of September we saw 210 homes close – 73 of those in Lynchburg City (35%), 50 in Bedford County (24%), 46 in Campbell County (22%) and 16 in Amherst County (7%).  This leaves 25 homes, or 12%, for … (1 comments)

lynchburg virginia real estate market home buyers home sellers: Wednesday August 27, 2008 - 10/14/08 11:58 AM
The Virginia Association of REALTORS (VAR) recently released a report for the 2nd quarter of 2008 and there is much about it that is interesting and encouraging.  Covering everything form sold homes and pending transactions to the foreclosure trends across the state, the report shows where we were, where we are now, and where we're heading.
First, looking to the number of homes sold in the 2nd quarter (April-June), the report analyzes the statistics from 24 metro and regional areas across the state. Lynchburg reports 646 closed sales for 2008, and 802 from 2007 – a change of -19%. Its important … (0 comments)

lynchburg virginia real estate market home buyers home sellers: Lynchburg Market Report August 13, 2008 - 08/27/08 01:26 PM
The question I get asked most often has to be, "So how is the market these days?"  Even folks who aren't buying or selling a home want to know.  Why is that?  I believe its becuase the state of any local economy is largely influenced by how well the housing market is fairing.  And remember... all real estate IS local.  So let's see just how the market really IS doing these days.
 
One way to assess the market is to see what the average sales prices are this year versus the same period last year and the year before.  From … (0 comments)

lynchburg virginia real estate market home buyers home sellers: The Lynchburg Market Report, March 28th - 03/28/08 05:39 AM
Welcome Spring!  With each passing year, time goes by faster and faster.  We’re almost through our first quarter of 2008, and while our national economy still struggles, our local housing market still holds the promise of a fair year.  While not seeing the kind of volume enjoyed in previous years, there is still good news to share.This week, we’ll focus on the data for SOLD single family homes from January 1 through February 29 2008.  During that time period, 333 such homes closed, with an average list price of $193,963, and average sales price of $186,116 and an average number of … (3 comments)

 

Dan Vollmer

Lynchburg Virginia Real Estate

Lynchburg, VA

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ReMax 1st Olympic NW

Office: (434) 386-3000

Mobile: (434) 420-1238

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