On May 22nd 2011 I reviewed the Lynchburg Multiple Listing System (MLS) land data for all active tracts under 6-acres in Amherst County.
Below are several quick facts:
192 are active listings.
8% reduced their list price.
0.01% increased their list price.
$47,884 is the average list price.
$36,500 is the median list price.
Filed under: Amherst County, Statistics, Subdivisions on May 22nd, 2011 | No Comments »
1) Location, Location, Location. Always review the
location to where you will travel. How far are you to school, doctor, grocery
store, or work?
.
Meet our brokers now, or contact us directly.
We're at your service:
Bill Burruss III
W. H. Burruss III, Inc.
PO Box 3015
Lynchburg, VA 24503
(434) 841-8316
Acreage4U@msn.com
www.Acreage4U.com
(1st Quarter Sales By Year)
First quarter land sales (Jan. 2011 - March 2011) show mixed results. Compared with 2010 first quarter sales are up 21percent, but gross sales are down 2 percent.
On December 31st 2010 the Lynchburg MLS has 1337 land listings with 994 being less than 6-acres. The number of tracts six-acres, or less, increased by 103 from the first quarter 2010 and the total number of land listings also increased by 206 from that date. This is still a buyer’s market.
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