The Greenbrier County Real Estate Market Report for October 2011. As noted in the graphic below sales were higher in 2011 as compared to 2010. Please note that this is only for Residential listings.
In Greenbrier County, end of October 2011:
Sales were ⇧ by 6
Pending ⇧ by 7
Active ⇩ by 18
New ⇩ by only 1
In October 2011, 19 houses sold - price range from $27,000 to $865,000
In October 2010, 13 houses sold - price range from $17,500 to $1,907,500
(Note: the higher priced houses in the million dollar range are located in the Greenbrier's Sporting Club)
The average days on the market in October 2011 was 163, compared to 217 in October 2010.
We see that the real estate market in 2011 is still a buyer's market and there are some good deals out there! As prices go down and length of time on the market is decreasing, we may start to see multiple offers that would drive prices up slowly. The buyers that are looking should make a decision while prices and interest rates are still low.
For more information on a particular area, please give me a call, I'll be glad to assist you in your real estate needs.
NOTE: GVBR MLS, Information is deemed to be reliable, but is not guaranteed.