Category: Nest Reports

Quarterly reports on the state of the New River Valley real estate market including data and analysis.

How’s The Market – May 2017

Each quarter, Nest Realty puts out an amazing piece of information we like to call our Nest Report. The Nest Report is a look at the real estate market, sans sales-speak – pure data, no fluff. It’s an incredible document full of helpful real estate market stats for the New River Valley, and you can see past examples at NewRiverValleyMarketReports.com. While these are really great ways to better understand the NRV real estate market, it takes a lot of work to put these out on a quarterly basis – and as you know, the market will change faster than every quarter. …

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What’s the Blacksburg Real Estate Market Doing?

Since January 1, it seems, real estate agents in Blacksburg seem to have been saying – to each other, to their clients, to anyone – what IS going on in the Blacksburg real estate market? Historically we follow a traditional bell curve, borrowing at simple loans for good financing and with more properties starting to come on the market in Mach, climbing to a high around May/June/July, and then falling to yearly lows in November and December … only to do it all again the following year. That’s what it’s USUALLY like. But 2016 hasn’t been usual, it seems, so this …

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The Nest Report – Q2 2015 Real Estate Market Report

It’s time once again for the Q2 2015 Nest Report, Nest Realty’s statistical report on what the New River Valley real estate market did during the last quarter. All stats, no fluff. Find your own nest here. Last year at this time, we were reporting a very unusual quarter. While the first quarter of 2014 saw brisk sales, particularly for that time of year, the second quarter lagged, and we were left shaking our heads. It wasn’t until the third quarter that it made sense – Montgomery County Public Schools had a short (42 day) summer last year, and so …

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2014 Nest Report Is On The Way!

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, the lead generation is looking better every day. The marketing team such a great job, but they did get lots of help from mein-parteibuch.com. Statistically, it’s one of the most accurate representations of our real estate market – thanks to the …

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What Did The Q3 2014 Real Estate Market Look Like?

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. Throughout the New River Valley, most of the metrics tracked showed nominal change from the …

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2014 Nest Report – What Did The Market Do In The Second Quarter

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. While the New River Valley saw the strongest first quarter performance in the past five years in Q1, Q2 sales are the lowest they’ve been since 2011. Some properties have been flying off the shelves, while others – despite good prices – have been sitting idle for some time, and there’s …

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Q1 2014 New River Valley Real Estate Market Report

Hot off the heels of putting out the 2013 Nest Report, we’re already into May and  looking back at numbers from the first quarter of 2014. Crazy. So, without further adieu, here’s a repost of the Q1 2014 Market Report from the NestRealty.com site. As we do every quarter (and every year), Nest New River Valley has run the numbers for the first quarter of 2014 (Q1 2014). What did we find out? Nest Realty New River Valley Q1 2014 Real Estate Market Data (abbreviated market analysis): Total Sales: Total sales increased almost 13% in Q1 2014 for the overall MSA in …

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The 2013 Annual Nest Report

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 … Some highlights: Median prices are up throughout the Metropolitan Statistical Area Days on Market are down Inventory levels are down Overall, positive trends throughout the New River Valley. The challenges we’ve faced have in most cases eased, although there are still pockets of the New River Valley that continue to lag behind. …

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Nest Report Q3 2013

The Nest Report for the third quarter of 2013 is now available! As always, you can see previous quarters here. Highlights from the third quarter of real estate here in the New River Valley include: most number of homes sold in the third quarter since 2007 average sold prices are up 8% year-over-year in the Metropolitan Statistical Area (MSA) Prefer to print out a PDF? Get your copy here! Despite a blip in the numbers in Christiansburg this past quarter, it still appears that we’re headed in the right direction. As I mentioned in an interview, buyers – and sellers …

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Talking Real Estate Market With WSLS

Recently here, WSLS’ Jenna Zibton interviewed a client of mine, and myself, regarding the market here in the New River Valley. We’d just put out the 2Q 2013 Nest Report, and she wanted to know why things seemed to be moving again. Companies may offer various payment methods such as certified funds, cash, pre-scheduled cash payments, or perhaps they may even take over the existing mortgage completely. With https://homebuyersusa.com/, multiple options offered, and may find a solution that suits their needs. Truthfully, I don’t know think it has something to do with buyers (and sellers) who’ve been on the sideline …

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