Tag: absorption rate

How Many Homes Are For Sale in Blacksburg and Christiansburg?

As Realtors, we get asked a lot “what’s the market like right now?”. I was in Richmond last week, meeting with Virginia Senators and Delegates from our district, and every single one of them asked “how’s the market?”. It can seem disingenuous to always be saying that the real estate market is moving quickly, but as you can see from the graph below of single family homes south in Blacksburg and Christiansburg, as of this post the market is moving quickly. We’re not making this up. (The graph is interactive, and therefore should update automatically over time; what it’s detailing is how many …

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YTD Real Estate Figures for Christiansburg VA

Six months of the year are behind us, and it’s a downhill race to the finish in 2010.  To say it’s been an interesting year in real estate is an understatement – there was the rush to get under contract for the buyer credit, and then we’ve seen a much slower-paced market since April 30th.  I posted the YTD real estate figures for Blacksburg last week; the Radford real estate numbers were posted earlier this week, and today’s it’s Christiansburg’s turn.  Following are the sales and inventory figures in Christiansburg for the first six months of 2010: Christiansburg Inventory Levels and …

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YTD Real Estate Figures for Radford VA

Six months of the year are behind us, and it’s a downhill race to the finish in 2010.  To say it’s been an interesting year in real estate is an understatement – there was the rush to get under contract for the buyer credit, and then we’ve seen a much slower-paced market since April 30th.  I posted the YTD real estate figures for Blacksburg last week, and today it’s Radford’s turn.  Following are the sales and inventory figures in Radford for the first six months of 2010: Radford Inventory Levels and Average Sales Prices < $200000 –         …

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YTD Real Estate Figures for Blacksburg VA

I’ve been spending the last couple of days digging into the real estate numbers for the New River Valley, and I thought I’d share some of the figures I’m finding so far.  This post deals with sales and inventory figures in Blacksburg for the first six months of 2010, while subsequent posts will deal with market statistics for Christiansburg and Radford during the same time period. Blacksburg Inventory Levels and Average Sales Prices < $200000 –                   8.53 months     $143398 $200001 – $300000 – 7.51 months     $247136 $300001 …

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The State of the Market – November 2008

Ever been in a candy shop?  You know, the type where there are candies of all sizes, shapes and colors lining the walls?  The shops where you shove a big metal shovel the size of Delaware into a barrel of assorted candies, and you come up with all different types of sweets? Yea – that’s what the real SEO is like right now. It’s not that it’s a huge surprise … the winter is always slower than normal, so we were prepared for that.  I can’t say anyone saw bailouts of the banks, the construction folks, the auto makers, the …

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The State of the Market – September 2008 (Renamed: A Slow And Steady Approach)

August has come and gone, and September has as well.  The leaves are changing … it's one of my favoritest (can I say that?  Sure I can) times of the year here in the New River Valley.  September has NOT been nice to the stock market, however – there's no secret there, we've passed a bill with economic implications that are really beyond comprehension to try and stabilize it, and oh yea, there's a presidential election going on as well.  Wondering how it all effects housing?  My best guesses here, here, here and here.  As I said last month however: …

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