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What Price Range is Selling?

March 19, 2009

Yesterday’s post was a general snapshot of the market statistics here in the Lexington, Buena Vista, Rockbridge area of Virginia. Today our snapshot dives into price range reports. In this market pricing is more important than ever. Days on market are long, inventory is high – its a buyers market. (more on about making your home standout in a later post)

Price Range Report

For 1/1/2009 To 3/19/2009 Today’s date: 3/19/2009
Search Parameters: Property type Residential/Farm Area of ‘ Lexington’, ‘ Buena Vista’, ‘Rockbridge’.

Single Family Unit Sales
Number of Bedrooms

Active Listings

Sales Pending

Price Class

2 or less

3

4 or more

Total

Single Family

Condos

Single Family

Condos

$29999.99 and under

1

1

1

$30000-$39999.99

1

1

$40000-$49999.99

0

2

1

$50000-$59999.99

0

5

$60000-$69999.99

0

3

$70000-$79999.99

1

1

10

$80000-$89999.99

1

1

2

5

1

$90000-$99999.99

0

15

$100000-$119999.99

0

24

$120000-$139999.99

2

2

15

1

$140000-$159999.99

1

1

26

$160000-$179999.99

0

19

2

$180000-$199999.99

1

1

2

24

6

1

$200000-$249999.99

1

1

2

35

1

3

$250000-$299999.99

1

2

3

54

1

$300000-$399999.99

2

1

3

52

3

1

$400000-$499999.99

1

1

23

1

$500000 and over

0

68

2

***Totals***

3

10

6

19

381

14

10

0

***Average***

104,567

190,640

249,150

195,526

346,492

282,660

220,530

0

***Median***

85,000

142,000

250,000

195,000

259,000

189,950

199,500

0

Property Type

Volume

Median
Sold Price

Residential

3,715,000

195,000

Condo

0

0

All

3,715,000

195,000

Unit Sales by
Financing Type

Res

Condo

Select One

0

0

Cash

2

0

Conventional

14

0

Exchange-Trade

0

0

FHA

1

0

FNMA

0

0

Other

1

0

Owner Financing

0

0

Rural Development

1

0

VA

0

0

VHDA

0

0

VHDA/FHA Plus

0

0

Total Sales

19

0

Unit Sales
DOM

-Res-

1-30 Days

31-60 Days

3

61-90 Days

4

91-120 Days

1

120 Days +

11

Total Sales

19

Information is deemed to be reliable, but is not guaranteed. See copyright notice.

Prepared by Candy Lynn, ABR, ePRO, RECS on Thursday, March 19, 2009 9:32 AM

For a detailed market report on your property, including price range, size of home, number of acres etc: please contact me to schedule an appointment. Please also visit: Valley of Virginia Real Estate.

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