Land sales have been dismal for parcels that are one to six acres. Because most new homes fall within this acreage, seventy to eighty percent of all land sales are in this range. Currently, tracts that are 100+ acres are selling, or not selling, through auction. If these tracts do not sell then either the lender is taking back the property [...]
Filed under: Amherst County, Appomattox County, Bedford County, Campbell County, Nelson County, Statistics on June 16th, 2010 | No Comments »
During my original 2008 update of my website and start of this blog I wrote several posts about local subdivisions. This is a update showing the 2009 Lynchburg MLS sales history of lots within those subdivisions and the current availability of lots. Data for this information was taken on December 31, 2009. The “Price Range” and “Acreage [...]
Filed under: Central Virginia, Statistics, Subdivisions on February 5th, 2010 | No Comments »
Fourth quarter sales (Oct. 2009 - Dec. 2009) show continued decline. Compared with 2006 fourth quarter sales, number of sales in 2009 are down 58 percent. Gross sales in the last year are down 26 percent.
(2006 - 2009) Fourth Quarter
On December 31st the Lynchburg MLS has 1131 land listings with 891 being less than 6-acres. The number of new [...]
Filed under: Buyer, Central Virginia, Seller, Statistics on January 21st, 2010 | No Comments »
I wish I was an auctioneer today, they are getting the business. Everywhere I turn, I see the same auction companies selling property. I am being asked questions about recent sales by auction. Here are several:
“What sort of sales price are auctions bringing?” They are bringing current prices. A current price can be more, or [...]
Filed under: Buyer, Education, Lake Property, Seller, Statistics on November 8th, 2009 | No Comments »
Third quarter sales (July 2009 - September 2009) shows continued decline in land sales. With 52 sales by REALTORS© in the Lynchburg MLS we are still off a 2006 third quarter high of 116 sales by 45% and down 58% from 2008 gross sales. Note that first and second quarters were off almost the same amount.
(2006 - 2009) Third Quarter Sales
On September 30th [...]
Filed under: Buyer, Central Virginia, Statistics on October 26th, 2009 | No Comments »
With the second quarter of 2009 topping out with over 1000-lots that are six acres or less; the market still favors the purchaser. My prior post 2nd Quarter Sales: More of the Same goes into the sale’s statistics. This post focuses on all subdivisions that show up in the Lynchburg MLS that have more than twenty [...]
Filed under: Buyer, Central Virginia, Education, Out-of-Town Buyer/Seller, Statistics, Subdivisions on August 13th, 2009 | No Comments »
Second quarter sales (April 2009 - June 2009) shows more decline in land sales. With only 48 sales by REALTORS© in the Lynchburg MLS we are way off the 2006 second quarter high of 142 sales and down 57% from 2008 gross sales.
(2006 - 2009) Secomd Quarter Sales
On June 30 the Lynchburg MLS has 1378 land listings with 1002 being less [...]
Filed under: Buyer, Central Virginia, Statistics on July 9th, 2009 | 1 Comment »
To understand the development of Leesville Lake it is important to have some knowledge of the local history. Leesville Lake is one of four lakes created during the 1950’s and early ′60’s when the Roanoke River, also known as the Staunton River, was dammed to create electricity for the growing South. These man-made lakes: Bugg’s [...]
Filed under: Bedford County, Buyer, Campbell County, Central Virginia, Lake Property, Out-of-Town Buyer/Seller, Seller, Statistics, Subdivisions on May 29th, 2009 | No Comments »