West Virginia's Greenbrier County Market Summary Report for October 2010
The Greenbrier River bisects the valley like a watery ribbon, flowing for 173 miles; it receives water from 1,641 square miles of land. It is one of the longest rivers in West Virginia, and the longest untamed (un-dammed) river East of the Mississippi. Photos were taken at the Shaw-Mi-Del-Eca Village, a gated community along the Greenbrier River.
Camp Shaw-Mi-Del-Eca (the name is an abbreviation for four Indian tribes that existed in the region prior to the Nineteenth Century: Shawnee, Miami, Delaware, and Seneca) was operated as a summer camp from 1929 through 1978......Read more
The below charts depicts the residential market statistics for Greenbrier County for October 2010 and 2009.
As noted in the above chart, the average list price and average sale price were higher in October 2010 than in October 2009. The average and median days on the market (DOM) for October 2009 were less than in October 2010. But, looking at year to date (YTD), the 2010 and 2009 DOM are much closer as compared for DOM for the month of October 2010 and 2009.
October 2009 was slightly better than October 2010 as indicated by the numbers above especially for sold, pending and new listings...however, again from YTD the market was very close for 2010 and 2009.
Interest rates were at 4.25%......today they are at 4.5%? This is still a great opportunity for buyers and sellers. Hopefully, with the election finally over buyers and sellers will start to move forward and not miss this opportunity of getting low interest rates.