Our Lynchburg Market is not the National Market......
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Marlene Shelton-Giles
RE/MAX 1st Olympic, REALTORS
Lynchburg, Va 24502
434-841-4609
www.marlenesheltongiles.com
Our Market is steady here in Lynchburg, and increasing on average,each year. We have constantly had to
answerquestions about the "bad" market. First of all, there is no National Market. Each area is unique and
a market in itself. Granted there are some areas with an abundance of foreclosures. They seem to be the ones that felt the quick upward surges inprices from 2000 to 2005. Lynchburg has been relatively steady. We did see a very good appreciation in 2005, but not a surge as in Northern Virginia, California, and resort areas.
We have many industries here that are doing well , along with 5 colleges. The colleges are bringing many students, along with their parents and grandparents...Statistics have stated too, for many years, that central Virginia is one of the most affordable in the state !! Also offering the 4 beautiful seasons, Mountain Views, Skiing in Wintergreen, and of course the Gorgeous Smith Mountain Lake less than an hour drive. The area also provides very good hunting for those avid hunters..
marlenesg@aol.com