Recovery may be slow in the Lynchburg area housing market, but for December of 2009, the slight increase in sales spurred more activity for a much anticipated 2010 housing market.
The Va. Home Sales Report showed that the total sales for the 4th quarter of 2009 were up 28.3% over that of the same quarter of 2008. Sales totalled 449 with only 350 in 2008. The market did have an impact over the average sales price with a .9% decrease- average sales price of $144,255 for the 4th quarter of 2009, and $145,605 for the same in 2008.
Overall sales for 2009 did show a decrease of 8.8%, 1871 units for 2009 under the total of 2051 for 2008. The average sales price decreased more to 2.1% with an average of $148,274 for 2009, and $151,505 for 2008.
How do you see the market? Did the economy affect your value?
If you are interested in keeping up to date on all issues regarding home ownership in Virginia, you are invited to join the Va. Homeowner Alliance. I will be glad to assist you in joining by contacting me today.
