Royal Oaks, Lynchburg Homes For Sale & Real Estate

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Royal Oaks Real Estate Insights

Royal Oaks is located in Lynchburg, Virginia.

If you settle in Royal Oaks, you will realize that many of your neighbors here have a college diploma. Many couples and young families have chosen to move to this neighborhood because of its friendly atmosphere. Many ladies enjoy living their lives in this place, to the point where they outnumber the male residents quite considerably. Residents of Royal Oaks have an income that is above average.

Buyers looking to move to Royal Oaks can be optimistic in rising home values. The price appreciation last year rose 6.7 percent, from $524,666 to $560,000, allowing homeowners to benefit from a favorable, climbing market. At the same time, inventory dropped a whopping 50 percent, tightening the market for buyers significantly. The number of homes on the market declined from 2 to 1 listings year-over-year.