Category: Market Updates

Townhouse & Condo Sales Figures Through September

Tuesday I reported the median sales prices and activity levels of single-family homes through September YTD, and based on the 65% increase in visitors to that post it seems people are really interested in what’s happening in the New River Valley real estate market right now.  But that only looked at detached homes … a good portion of our market every year includes townhomes and condominiums, so here’s a look at those sales figures for the YTD.  Remember … this is just looking at the median sales prices for 24060, 24073 and 24141 area codes. Quite a different look from …

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What’s the Average (and Median) Sales Price of a House in the New River Valley?

Admit it.  We’re always comparing ourselves to each other in some way … it’s human nature.  That’s what my therapist tells me, anyhow, and for what she charges hourly she ought to know. So what are the average sales prices of homes in Blacksburg, Christiansburg, or Radford?  Glad you asked … the numbers below are reported by Single-Family Home (SF), Townhouse (TH), and Condo (C), and include the average / median / and number sold YTD. Blacksburg Average Sales Price January 1 2010 through August 31 2010 SF –    $294871 / $275000 / 147 TH –   $198017 / …

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My Mistake – Here’s The Real Look at the New River Valley Real Estate Market

I’ve spent the morning working on Activity Reports for my listings – they’re a look at a very refined, specific price point for each listing, and shows what’s happened in the New River Valley market in that price point during the last month.  One of the things I found interesting was just how different our market is right now.  While the Activity Report looks at a very specific section of the market, I also wanted to know what real estate had been doing across the entire residential market … the numbers were surprising. I said in March I thought the …

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Four Things To Watch For In New River Valley Real Estate

Ever wondered just how high real estate climbed in the 2000’s?  There’s a graph for that (with added text by yours truly): The image is from the NYT, and was republished at Ritholtz.com.  And I like it because I have to see things visually – I’m not theoretical, I’m visual.  I have to see/touch/do it in order to get a real grasp of things, and I think it’s a great image. Consider that on the left of the graph, in 1890, is the benchmark of $100000.  If a home priced sold for $100000 (in today’s dollars) in 1890, you can …

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New River Valley Real Estate Activity through June 10 2010

This morning, I posted on Twitter that I was at a closing … A friend in Roanoke, Marty Martin, responded by saying that these were happening less and less these days: On the surface, it’d be safe to assume that he was right – there have probably been fewer real estate transactions done YTD in 2010 than during the same time period in 2009 here in the New River Valley.  To be sure I checked the New River Valley Multiple Listing Service, and here’s what I found.  According to the NRVMLS: Jan 1 – June 10 2009, there were 319 …

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“Around The Property” – By Sarah Cox, The Roanoke Times 12/20/09

Sarah Cox of The Roanoke Times recently did a piece reflecting on the real estate market in 2009 – it looks like it’s going to be a multi-part story, below is copy of the first part.  Images embedded are my own, taken from the Virginia Employment Commission website. Reflections How was 2009 in real estate terms?  Those who wanted to buy were sitting pretty.  Those who needed to sell learned that positioning their homes for a buyer’s market was a new experience compared to previous years. According to Diana Blair, sales director for RE/Max 8, buyers are now paying 95 …

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