Market Data

Greater Lynchburg Area Market Data

Greater Lynchburg Area Market Report for 2014 (Residential Properties Only)

The information below is compiled from data through Lynchburg MLS and covers the period of Jan. 1- Dec. 31, 2014

LAR                                                    2014

#Units Sold                                        2303

Value                                    $416,100,341
Avg. Lists Price                    $      187,078
Avg. Sold Price                     $      180,447
Avg. DOM                                              118
% of List/Salem                                96.43

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Greater Lynchburg Area Market Report-  2014  (Residential Properties only)

August, 2014-  Monthly Greater Lynchburg Area Market Report

Active Residential Properties-on market        1764

Average Price of Listings                                 $216,940

Average Days on Market of active listings      126  

Sold Properties                                                 180

Average List Price of Sold Properties              $195,827

Average Selling Price of sold Properties         $188,378

Average Days on Market                                  118

Average List/Sale Ratio                                    96.20%

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January-December, 2013 Greater Lynchburg Area Market Report

   Homes Active-  1121

   Homes Sold      2214

       Average List Price     $ 185,085

       Average Sales Price  $ 178,528

       Average Days on Market     122

       List to Sale Price Ratio            96.46

     (Statistics obtained from the Lynchburg MLS)

Our market saw a very interesting 2013, with decreasing home prices, but with low interest rates throughout 2013, sales remained steady.  Currently stablized, the market has seen an increase in sales although selling prices have not shown the same increase.

With low interest rates and great inventory, its definitely the time to buy. 

2013 Full Year End Analysis

January 2012-Greater Lynchburg Area Market Report

    Homes Listed in January       267 

    Homes Sold                        100             vs.          108      January 2011

    Average Listing Price   $168,177     vs.  $156,746   January 2011

    Average Sales Price     $ 158,908     vs.  $149,350  January 2011

    Average Days on Market  141           vs.         137      January 2011

    List to Sales Price Ratio     94.49       vs.        95.28   January 2011

    Overall buyer confidence seems to have been restored in with

    low interest rates and high inventory.    While eight (8) more

    homes were sold during the same period last year, both listing

    and sales price were higher in January 2012.

      (Data obtained from Lynchburg MLS)

 

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