Tag: inventory

When Do Houses Come On The Market?

Seems like, for years now, people continue to demand “sell house fast.” It’s true that, as I write this a few days before Christmas 2016, inventory is down, as it is every year. For instance, if you were looking for a single-family home between $250,000 and $300,000 in Christiansburg right now, you’d have twenty six homes to choose from. In Blacksburg, that number would drop to eleven. This makes sense, of course, as in the last six weeks of the year there are three major holidays, and lots of traveling, but for a buyer who’s ready to buy NOW, it can be frustrating. A …

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The Roanoke Times – Rise in Real Estate Activity

The New River Valley real estate market is shifting – no doubt about that – and buyers and sellers will need to adjust. We still have some challenges, but things are improving. Sarah Cox of The Roanoke Times wrote about it in this past Sunday’s real estate section. _______________ Agents report rise in activity – Sarah Cox, The Roanoke Times, 6/10/12 Several New River Valley REALTORS say consumer confidence is growing Representatives of the National Association of REALTORS announced at the end of April their belief that the beginning of a recovery in the U.S. housing market is evident. Sales …

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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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Why Pricing Is Important Heading Into The Summer

Location location location is supposed to be the mantra of the real estate world, but price price price ought to be the bible.  Historically the summer months are the most active for real estate here in the New River Valley, as the graphs below show (data compiled is from Blacksburg, Christiansburg, Radford and Montgomery County): Days On Market for residential single-family homes, April 2007 – April 2010 Days on Market for Condos and Townhomes, April 2007 – April 2010 The winter always seems to slow things down a bit, but as we leave April and had into the summer, inventory …

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