The Nest Report, our quarterly look at the real estate market in the New River Valley, is out for the third quarter of 2014. I wrote in August that the second quarter of 2014 was different than expected, and at the time we didn’t really know why. I suspected it was because of a very short summer for Montgomery County Public Schools, and from what we’ve seen in Q3 and now, Q4, I think that that was, in fact, much of the reason for the slow down.
To say that the second quarter of 2014 has been unusual would be an understatement. Pockets of the market excelled, while others did not. Inventory was up, median sales were down, and yet there were more contracts written in the second quarter of 2014 than there were in the second quarter of 2013.
After lots and lots of reading, writing, and ‘rithmetic, the 2013 Annual Nest Report is out and finally available! The Nest Report is our look, quarterly and annually, at what’s happening in the New River Valley real estate market. No bull, just a look at the numbers …
The Nest Report – your light reading as you nod off to sleep. In all seriousness, after doing two quarters of real estate market reports here in the New River Valley (see Q1, and Q2), we’re thrilled that so many of you ask “when’s the next quarter going to be available?”. It makes our bean counters happy to know that their work is so desired; they don’t get a lot of attention, you know.
Please remember – there is no 3.8% real estate sales tax in the new health care law … ————- It’s been written here before. It’s simple, really – don’t make more than $200,000 (or $250,000 if you’re filing jointly). But since you shouldn’t be restricted to how much you make – and if you make that much, congratulations! – here’s the deal. Remember that little health care debate that raged in 2010? Part of that bill had a provision that applied a 3.8% tax on unearned income for high-income taxpayers and doctors at roids; that tax has been mistakingly labeled as a real estate transfer tax, and it’s simply not true. The truth is:
Here we are, more than six months into (through?) 2012, and it seems that the real estate market in the New River Valley has changed since last year at this time. That was certainly the case for the first quarter of 2012, and it looks to be the case for the second quarter, as well. Once again, the bean counters in Nest HQ have done a fantastic job compiling all of these statistics.
Literally minutes ago, the 1Q 2012 Nest Report just fell into my grubby little hands. I haven’t had the chance to dissect it yet, but will do that starting tonight.