There are tons of things I’m proud of about Nest Realty, but one of the things I get really excited about is our Nest Report. It’s a statistical look at what’s happening in the New River Valley real estate market, and it’s put out every quarter. Visually, it’s stunning – thanks to the amazing folks in our Marketing Department. Statistically, it’s one of the most accurate representations of our real estate market – thanks to the bean counters who compile the whole thing. And, interestingly enough, two real estate agents from another company told me yesterday how impressive a report it is … they look through it each time it comes out and think “wow”.
- Median and Average Sales Prices both fell 3% in 2014 throughout the New River Valley MSA.
- In Blacksburg, the Median Price was flat, but inventory was up slightly.
- In Radford, Median Price was up quite a bit, rising more than 12% from 2013 levels.
- Conventional Interest rates, projected to be at or above 5% by the end of 2014, were actually at 4%, much lower than expected by those in the know – proving once again that no one has
anymuch of a clue.
We’re extremely proud of what has been happening at Nest Realty, and the Report will talk a little bit about that, as well. The full report will be hitting mailboxes soon, but here’s a sneak peak! You can see earlier reports here.
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