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Answers (4)
- sunnyview
- Contributions:25127
That whole area is very nice and my friends have really enjoyed living and raising their family there. Thank you for the info about your market. You have my grateful thumb :)
- Brenda Moore, "Moorebrenda"
- Contributions:5
I live in Forest, Virginia and I can tell you that we have a 9.5 month supply of homes in inventory. Lynchburg, Va has a 11 month supply of homes and Bedford County has a 10.5 month supply of homes if I am looking at 6 month figures.
A six month supply is considered a balanced market. We do not have enough buyers to purchase the amount of supply we have on hand right now in any of these areas.
That tells me that we are in a Buyer's Market and will be so for a very long time.
In the month of October, Lynchburg, Va. (25 sold) solds came in at $3,112,500 with an average home price of $124,500.
In the month of October, Amherst, Va. (15 sold) solds came in at $2,337,250 with an average home price of $155,816.67. The reason Amhert was so high was because of one property that sold for $725,000.
In the month of October, Bedford County, Va. (24 sold) solds came in at $5,008,800 with an average home price of $208,700.
In the month of October, Campbell County, Va. (12 sold) solds came in at $1,897,050 with an average home price of $158,087.50.
We are very conservative in this area so we have not been hit with a lot of foreclosures or short sales. We do have them but very moderate.
- Sharon Lewis, "Sharon Lewis"
- Contributions:3916
Why don't you consider posting in Local Info?
- sunnyview
- Contributions:25127
I would like to know how that area is doing overall. About 10 years ago, I helped a friend and his wife look for their house in Lynchburg. They bought a new house with an unfinished walkout basement that had a nice big yard for their dog. It was a really pretty area.
Do you live in Bedford County, VA. Would you like to know what your home is worth?
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- 0.0/5.0
- (no reviews)
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