Tag: Nest Report

The Q3 2017 New River Valley Real Estate Market Nest Report

Winter is coming. It’s hard to remember that when it’s in the mid-70’s in late October, but winter IS coming. And that means the third quarter is behind us. The Q3 2017 Nest Report is out, and you can read the entire report here. In this quarter’s report, we can clearly see the effects that supply and demand have on real estate pricing in the New River Valley … that seems to be the general theme for all of 2017, in fact. Low supply, and higher demand. It’ll be something to watch going forward – for the foreseeable future, anyhow, we’re …

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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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Q1 2015 Nest Report – “How’s The Market?”

Without a doubt, one of the top three questions we’re asked as real estate agents is “how’s the market?” At a dinner reception last week, after I introduced myself to the table, someone asked “how’s the market?”. When I got coffee this morning, a regular at the Pub (fantastic breakfast and coffee, by the way) asked “how’s the market?” Heck, even an agent asked me that yesterday at a broker open – “how’s the market?”! One of the best tools we have as Nest Realty brokers is, in my opinion, the Nest Report, our quarterly look at what’s happened in the …

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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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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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The 2012 New River Valley Real Estate Market

Breathe. We’re not calling the end of any real estate troubles here in the New River Valley, but we’re continuing to see the trends we want to see that indicate a healthier real estate market. Slow and steady has been the mantra for some time now, and we will continue that into 2013. But after a year of studying the numbers here in the NRV, we think real estate is poised to do some positive things. Consider that for the year, we saw a: 4.38% increase in median sales prices 19.10% decrease in year-end months of inventory (and down 38% from …

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The Nest Report Q3 2012

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. So what’s the report tell us? Some highlights: the number of sales increased between Q3 2011 and Q3 2012 by 3.4% inventory levels have dropped by as …

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