Real Estate Market Report for The Greenbrier County in West Virginia
Greenbrier County is the second largest county in West Virginia, with 1021 square miles and was created in March of 1778 from portions of Montgomery and Botetourt counties (Virginia) and was named for its primary river. Greenbrier County is considered the “mother county” of southern West Virginia.
Please note this report represents only Residential listings.
As noted in the chart below the number of sold and pending listings were the same for December 2011 and 2010.
Although compared to December 2010—
Active listings ⇩ by 25 in 2011
New listings ⇩ by 3 in 2011
In December 2011, 17 houses sold – price range from $16,500 to $2,050,000.
In December 2010, 17 houses sold – price range from $17,900 to $1,500,000
(Note: the higher priced houses in the million dollar range are located in the Greenbrier’s Sporting Club)
The average days on the market in December 2011 was 204, compared to 244 in December 2010.
Greenbrier County absorption rate (months of inventory) for December 2011 was 16.14, compared 21.38 in December 2010.
We see that the Greenbrier County real estate market in 2011 is still a buyer’s market and with such a wide price range, buyers are sure to find the house that fits their needs! If you are thinking of buying a house, now is a good time to make a decision while prices and interest rates are still low. Don’t wait…..home ownership is an investment in your future.
NOTE: GVBR MLS, Information is deemed to be reliable, but is not guaranteed.
For more information on a particular area, please give me a call, I’ll be glad to assist you in your real estate needs.