Driving through town this afternoon, I ran across this sign …

First, the size of the sign was shocking, but then when I looked at it further I realized I had never seen one of
these in town before … at least, not since I started in real estate nearly five years ago.  Has the foreclosure wave finally hit Blacksburg?

I doubt it.

We’ve seen foreclosures in other areas of the New River Valley, and it’s not necessarily an unusual occurrence.  Why won’t this home sell?

• 4 bedrooms, 3 baths, 2304 square feet
• built in 2000
• hardwood and tile floors
• gas fireplace
• full walkout basement
• Mountain views

I don’t have the answer about why the home hasn’t sold.  When it was listed, it was listed for $350000. 
That’s not a bad price, and I listed and sold the house directly across the street for $355000.  Seems like a good value, what’s the problem?  But if you’re interested in taking a look, let me know and we’ll go together.