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Market Conditions in Lynchburg : Real Estate Advice

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  • Local Info12
  • Home Buying19
  • Home Selling2
  • Market Conditions2

Activity 4
Mon Jul 14, 2014
ljroyal803 asked:
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Thu May 8, 2014
Joseph asked:
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Sun Nov 11, 2012
Gene Ricardo Johnson answered:
We sold our home for 1k more than asking price and we defeated all the crooked agents in Lynchburg who tried to keep us from selling our home. now,we are Florida residents and I am staring out at the beach watching the waves crash in. We had some really unprofessional agents list our home. They would list it and after a month refused to communicate. We hope you enjoy Lynchburg,we sure are enjoying Florida. ... more
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Thu Oct 29, 2009
Teresa Polinek answered:
I handle 13 new home communities that range from Amherst, Campbell County, through Bedford County. I have noticed that if the pre-owned and or new homes are priced reasonably to begin with, they are getting approximately 97% of the asking price for their homes, which has not changed with the declining market. If they are asking too much, they will eventually have to either reduce their price, take it off the market, or take a substantially lower offer. Homes have a value and it appears to be consistent in the end result.

As for Boonsboro compared to Bedford County, I have noticed the largest growth and consistency coming from the Forest area, which is located in Bedford County. I also feel that Lynchburg City rates are more competitive than in the past. I would be happy to send a Price Comparison that shows average days on the market for each county and price range that we use when listing a home if you would like.
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