January Monthly Market Update

By
Real Estate Agent with Keller Williams Lynchburg 0225227139

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. 

Posted by

Nannette Turner Saunders, Associate Broker

Short Sales Coordinator

Keller Williams Realty

1709 Laskin Road

Virginia Beach Va

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