Real Estate Market Report for White Sulphur Springs, WV
White Sulphur Springs is a small southern town located in the southeastern region known as the New River/Greenbrier Valley. Like most of West Virginia, the region is mountainous, with rivers and streams that together embrace towns nestled in the valleys that have witnessed history from the earliest days of the American frontier. As of the 2000 census, the population was 2,315. White Sulphur Springs is home of the world renowned Greenbrier Resort and Spa, Greenbrier Sporting Club, and home of the soon to be Greenbrier Medical Institute.
If you like living in small towns, with a low crime rate, and love to golf you may want to check out White Sulphur Springs, WV.
This all-brick 1819 historical house located in White Sulphur Springs, WV, can be a home, business, or both. At this time it is zoned R2 for James Wylie House B&B, on the National Register of Historic Places. A gracious and comfortable house with seven bedrooms, six baths and eight fireplaces with a total of 3,500 square feet with one acre of land. Having been totally renovated in 1988 and 1989 with new plumbing, electrical, and some mechanical, the house is in excellent condition. The grounds are beautifully landscaped with gardens, grapes/berries.
Also on the property is a one bedroom, 700 sq. fot, log cabin . The cabin was rewired, new plumbing, and bath in 2009. Very cozy cabin with a wood burning fireplace and bedroom/bath located in loft. Cabin would be great rental income. House and log cabin roof replaced with metal roof, copper and seamless gutters in 2010/11. Property is only minutes from the Greenbrier. This gem is priced at $499,000 – - MLS# 11-717.
Market Report for White Sulphur Springs, WV
(This report represents only Residential Listings)
December 2011 compared to December 2010.
There were four Sold Listings for both December 2011 and December 2010 – (No change)
There were also four New Listings for both December 2011 and December 2010 – (No change)
Active listings for December 2011 was 55, compared to 79 active listings in December 2010. (active listings down by 24 in 2011)
The Average Sale Price In December 2011 was $1,653,333 compared to December 2010 average sale price of only $828,250. (average sale price was 50% higher in 2011)
The Average DOM for December 2011 was higher at 586, compared to average DOM of 308 in December 2010 (listings were on the market longer in December 2011 by 278 days more)
Below chart depicts an overview of the White Sulphur Springs Real Estate Market for the year:
Throughout the year, active listings were about the same, but November had the most active listings (52); the lowest months for active listings were in June and July with 41 listings.
July had the most New Listings (8) for 2011, with April having only one new listing for the month.
Most Sold Listings were in May and July, with no sold listings in January.
November shows the largest inventory with 17 months compared to May having the lowest inventory of 8 months.
Despite worldwide turmoil and weak economies, houses are selling in all price ranges. Greenbrier County is still a buyer’s market. Give me a call, I am sure we can find a house in your price range!
White Sulphur Springs is within an easy day’s drive from one third of the U.S. population and therefore we see a steady flow of weekenders from several nearby metropolitan areas and surrounding states, including the nation’s capital of Washington, D.C.
Search for Listings for White Sulphur Springs, Greenbrier County
NOTE: GVBR MLS, Information is deemed to be reliable, but is not guaranteed.