Want the Scoop on the Market?

Wow! Being in a bubble can be a great thing! The Lynchburg area seems to be in a nice bubble compared to a lot of other towns and cities in and around the U.S. I talked to a friend of mine in the Northern Neck of VA that said the inventory was 7 years! In other words, it would take 7 years to sell everything on the market at the current “sales rate”. The Lynchburg area’s is only 9 months based on the “solds” during the month of July, 2009. I’m working on 5 contracts right now and just listed 12 properties in the last two weeks! That’s the market update and here’s a picture of some sweet new lots in Buckingham for sale as well as a CHEAP investment property that won’t last long- only $49,900!