I pulled the statistics from January 1st until September 23, 2008. I compared it with January 1st through September 23, 2009 and this is what came up as far as “progress” maybe??!!
In the Appomattox area, the average sales price of residential has dropped only $4,302 from $148,374 to $144,089. The previous year (from ‘07 to ‘08) it was close to $10k difference. This $4,302 is 2.9% drop as opposed to about a 7% drop from the previous year. I would say that is progress. This has happened in our area and also in the City of Lynchburg, Campbell and areas surrounding. The market seems to be stabilizing a bit.
Land definately has. In previous year, the average sales price was well below the average list price in the 70% range. This year in Appomattox, the figures are: $53,105 average sales price which is UP from last year’s $45,127. This is very positive and gets me fired up!!!!
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