2nd Quarter Sales: More of the Same
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 than 6-acres. Choices still favor the purchaser. There is greater opportunity to find something at your price. There is opportunity to find tracts with more amenities. There is opportunity to negotiate financing. This is a buyer’s market.
Thomas Alva Edison said, “Opportunity is missed by most people because it is dressed in overalls and looks like work.”
Filed under: Buyer, Central Virginia, Statistics on July 9th, 2009
[...] 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 [...]