Tag: real estate

The Town of Blacksburg Wants Your Two Cents

Real estate taxes.  Everyone’s favorite subject. And the Town of Blacksburg wants your $.02.  No, seriously … they want to hear from you.  A public hearing on the increase will be held on April 12 2011, 7:30pm in the Roger E. Hedgepeth Chambers, 300 South Main Street. When the last reassessments were done in Montgomery County, it was determined that the total average value in the Town of Blacksburg had gone up 4 percent (how they determined that you’ve got me).  Per state law, anytime the average assessed value rises by 1 percent or more, a municipality is required to …

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The Truth – Or Speculation – Concerning New River Valley Real Estate in 2011

I received an interesting email yesterday from someone “named” NKOR.  The subject line read “Hokies vs. Hoos – no rivalry in home prices?“.  With Rivalry Week upon us here in Blacksburg, and a little event this weekend that folks from both schools might be paying attention to, it certainly caught my attention. But first … Ouch. “From the housing peak to 2012, markets in Florida, Nevada and California will be down around 60 percent.” We’re certainly not without our share of scary real estate stories here in the New River Valley, but what’s it like to be selling a home in …

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Well? Is It Really A Good Time To Buy New River Valley Real Estate? Part One …

Reprinted from the Wall Street Journal – see the full article here.  Part Two forthcoming, with my thoughts.  What do you think? Enough with the doom and gloom about homeownership. Sure, maybe there’s more pain to come in the housing market. But when Time magazine starts running covers that declare “Owning a home may no longer make economic sense,” it’s time to say: Enough is enough. This is what “capitulation” looks like. Everyone has given up. After all, at the peak of the bubble five years ago, Time had a different take. “Home Sweet Home,” declared its cover then, as …

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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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An Easy Way To Follow Real Estate Values In Your Area

You’re not moving anytime soon, sure, but everyone likes to know how well their neighborhood is retaining value, right? Well, there’s an easy way to do just that, and all it takes is an email address.  Just send me your name, email address and the neighborhood or area you live in, and I’ll make sure you’re notified every time a property in your neighborhood comes on and off the market.  Be the envy of all your friends!  You’ll know every price change, every sales price … you’ll be the life of the party! But seriously, if you want to know …

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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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No Flyers in the Flyer Box

When Natalie and I were looking for our first house, we did what most potential buyers do – we went online, searched various real estate websites, and flipped through a bunch of real estate ads that all looked the same.  A little tiny box, with just a little bit of information about the house (maybe), and a big “Call me for all of your real estate needs” banner.  Uhm … no.  I want to search in the privacy of my own little bubble, surrounded by my thoughts and notes, sorting through all of my options. We also walked a lot …

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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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