One of the things that attracted me to Nest Realty oh so many years ago was their focus on good, accurate data. Zillow is a popular tool, but it can’t replace solid, real-world data based on live sales. And that’s where the New River Valley Mid-Year (and Annual) Market Report comes in. Every quarter (every month, really), we put together a look at what’s happening in the market, both the good AND the bad, and we just published our 2020 Mid-Year Market Report for the New River Valley real estate market.
Days on Market: 173. Look, it’s time to stop trying. Not gonna happen. This house is not going to sell as it sits without doing something different. And before you think it hasn’t happened to me, it has …
Real estate taxes. Everyone’s favorite subject.
Reprinted from the Wall Street Journal – see the full article here. Part Two forthcoming, with my thoughts. What do you think?
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.
You’re not moving anytime soon, sure, but everyone likes to know how well their neighborhood is retaining value, right?
Ever wondered just how high real estate climbed in the 2000’s? There’s a graph for that (with added text by yours truly):
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.