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 lots for sale.

Subdivision	Location	Available	Sold
Concord Estates	Campbell	23	0
Cornerstone	Lynchburg	24	0
Falcone Ridge	Pittsylvania	53	0
Farmington	Bedford	45	1
Great Oaks	Bedford	20	0
Heron Landing	Pittsylvania	52	0
Hickory Hill	Campbell	30	3
Jesses Ridge	Prince Edward	27	0
Landfall	Bedford	23	0
Leesville Road Estates	Campbell	21	0
Lenning-Armistead	Halifax	22	0
Mountain View Estates	Bedford	24	0
Naola Springs	Amherst	23	0
Pleasant Ridge Estates	Amherst	23	0
Spring Meadow	Campbell	22	3
Terrace View	Bedford	33	1
Walnut Hills	Campbell	22	1

Note: This data was derived on June 30, 2009 the end of the second quarter. The column showing “Sales” shows all sales from 1/1/2009 - 6/30/2009. All “Subdivisions” with links will take you to visual tours.

Sales for all subdivisions are weak. Several subdivisions that were previewed in my post, Visual Tours, Do You Need More?, have been removed from the current market while several new ones have been added. Caution should be taken when choosing a lot during an economic downturn. The purchaser should consider getting a REALTOR® who will represent them rather than the one working for the Seller.

Filed under: Buyer, Central Virginia, Education, Out-of-Town Buyer/Seller, Statistics, Subdivisions on August 13th, 2009