Lewisburg WV Market Report | December 2011
New Business Opening Soon
Lewisburg, West Virginia, is a great place to live, work, raise a family, retire, or start a business. Named"America's Coolest Small Town", Lewisburg is the largest municipality in Greenbrier County and is also the county seat. New businesses are opening in this small historical town where artists, retirees and shopkeepers live in Colonial and Federal buildings on neat, shady streets.
In mid February, a new restaurant called the Livery Tavern will be opening. For more information, check out my previous post on the Livery Tavern.
The Livery Tavern
Construction, September 2011
Construction almost complete....opens Mid February
Lewisburg WV Market Report | December 2011
- Single-family properties closed in December 2011: 5
- Average sales price: $144,900
- Average list price: $156,700
- Sales price to list price ratio: 0.92%
- Average days on the market: 190
- Sales currently pending: 5
There are presently 42 residential properties currently active in Lewisburg. The Lewisburg Real Estate market shows that the average sales price for residential homes is around $264K with the average days on the market being 224 days. The price range of the 42 active properties are from $64,000 to $950,000.
Lewisburg is in a buyers' market as the absorption rate for Lewisburg Real Estate shows over 8 months of inventory. The Lewisburg Real Estate has been a buyer's market for the last four months (Sept-Dec) as noted in the chart below. From April to August the stats show it was a seller's market; and back to a buyer's market the first quarter of the year, January through March.
It's the ideal time for buyers to get off the fence and start looking for their Lewisburg home.
NOTE: The local market type is often characterized by the absorption rate as follows:
Buyer’s Market: More than 6 months of supply
Balanced/Transitional Market: 6 months of supply
Seller’s Market: Less than 6 months of supply
Search for Listings for Lewisburg WV, Greenbrier County
NOTE: GVBR MLS, Information is deemed to be reliable, but is not guaranteed.
Come visit our quaint historical town of Lewisburg, in the Greenbrier Valley, a wonderful place to live and work. Enjoy the great restaurants, tour the town, and shop in the quaint stores and get the feel for this home town. Lewisburg offers unique recreational and cultural attractions…so come visit check out the real estate, and take a historical tour of Lewisburg......you just might want to make Lewisburg your home.
Your Real Estate Connection for Lewisburg, WV and the Greenbrier County Connect to my social networks....... All pictures and content are my own unless otherwise noted. Please No Copying without my permission.
(304) 520-2133, email or visit my website at www.lewisburgwvrealestate4you.com
Dear Rebecca -
Glad to see you here! Enjoy the Challenge! Can't wait to read your posts - especially the ones about ActiveRain Community Guidelines and the Weltanschauung.
Have a happy day -
Lynn
Lynn, this challeng is unlike the others...it makes you think of the different categories you must blog on....thanks for stopping by.
Rebecca--Good luck with challenge. The Livery Tavern looks like an great place to investigate in West Virginia. Sort of reminds me of the rest stop along I-79 or ? as we drive south from Morgantown, WV. Very interesting items some made for coal.
Howdy and evening Rebecca
Rebecca my friend, the Livery Tavern own, sure had a mighty good looking building built for folks to come to for an enjoyable time.
Have a good one
Dale in New Hampshire
Mary, Perhaps you are talking about Tamarack??
Dale, yes and I can't wait until it opens, great food and entertainment to be had!
Rebecca--Yes, Tamarack. I see those signs for miles and love to stop if I have time. If I drive to NC this spring I will let you know ahead of time.
Mary, Tamarack is about an hour from my home. Would love to meet up with you..please call on your way to NC.
That is a plan, Rebecca. Are you closer to New River Gorge? (no definite date yet)
Mary, If you are going I-64 West and take exit 169, Lewisburg, I am only five minutes from the exit. If not, I'm about 45 minutes from the New River Gorge.