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2013 Real Estate Report for the New River Valley
2013 Real Estate Report for the New River Valley
2013 Real Estate Report for the New River Valley
2013 Real Estate Report for the New River Valley
2013 Real Estate Report for the New River Valley
2013 Real Estate Report for the New River Valley
2013 Real Estate Report for the New River Valley
2013 Real Estate Report for the New River Valley
2013 Real Estate Report for the New River Valley
2013 Real Estate Report for the New River Valley
2013 Real Estate Report for the New River Valley
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2013 Real Estate Report for the New River Valley

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The 2013 Annual Nest Report, our look at the real estate market of the New River Valley of Virginia.

The 2013 Annual Nest Report, our look at the real estate market of the New River Valley of Virginia.

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  • I think the idea for this slideshare was right on point, howver the actual presentation fell short, since I could actually read any of the numbers.

    Even when I did full screen the colors were so light it made it very hard with my eye site. You might want to consider trying to re-create it with powerpoint.

    I think you might get a better response.
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  • 1. MARKET REPORT NEW RIVER VALLEY
  • 2. 2013 was a year of modest growth and marked stability in the New River Valley real estate market. Low interest rates, strong consumer confidence and more positive economic indicators all contributed to a strong year for the New River Valley’s real estate market. 2013 closed out with positive trends across the board. Total sales were up. Median prices were up. Inventory dropped and days on market for sold properties were also down. With those four key indicators all trending in a positive direction in 2013, most signs point toward another active market in 2014. However, a rising interest rate environment and some changes to mortgage lending rules may serve as speed bumps towards the continued recovery of our local market. That being said, we believe the New River Valley market seems to have enough strength to handle those potential concerns in 2014. At Nest, we continue to be fortunate to have the trust of a growing number of amazing clients. Our company has continued to grow; adding an office in Fredericksburg, Virginia and hiring talented individuals who share the Nest vision. As always, we will continue to work hard to provide our clients with the highest level of service and most relevant information to help you make informed real estate decisions. Thanks again for your trust in Nest.
  • 3. Nest Realty: 2013 in Review TOTAL CLOSINGS: 913 Named #882 in the annual fastest-growing private American companies list TOTAL SALES $315,000,000 $275,000,000 $250,000,000 $225,000,000 $200,000,000 $175,000,000 $150,000,000 $125,000,000 $100,000,000 $75,000,000 $50,000,000 $25,000,000 2009 2010 2011 2012 2013 $28,085,866 $48,367,528 $80,779,303 $157,000,000 $315,000,000 ANNUAL TOTAL SALES VOLUME Our agent’s use of technology meant he was in regular communication with us while we went about our lives. We recommend Nest Realty to everyone we know! - Sean and Korine
  • 4. TOTAL SALES 2012 20132009 2010 1,000 1,100 1,200 1,300 1,400 1,500 1,600 NEW RIVER VALLEY MSA 2011 1,461 1,592 1,428 1,256 1,402 TREND MONTHS OF INVENTORY 2012 20132009 2010 8 9 10 11 12 13 14 2011 10.90 10.05 10.54 12.94 13.16 TREND Median Price $ Days on Market Avg. List Price $ Avg. Sale Price $ Months of Inventory Total Volume $ Total Sales 2012 % 2011 1,402 149,000 124 176,307 166,630 13.16 233,615,386 4.21% 4.03% -3.23% 6.84% 7.06% -17.17% 11.56% 1,461 155,000 120 188,370 178,387 10.90 260,623,455 SALES BY TYPE 2013 AREA ANALYSIS FOR NEW RIVER VALLEY AREA MSA Single Family 1371 Condo 63 Attached 158 MEDIAN PRICE 2012 20132009 2010 $135,000 $140,000 $145,000 $150,000 $155,000 $160,000 $165,000 2011 155,000 165,000 160,000 149,900 149,000 TREND INVENTORY LEVELS 2012 20132009 2010 1,000 1,100 1,200 1,300 1,400 1,500 1,600 2011 1,327 1,537 1,518 1,526 1,342 TREND SALES BY PRICE POINT $0-99,999 $100,000-199,999 $200,000-299,999 $300,000-499,999 $500,000+ 2011 0% 25% 50% 75% 100% 2012 23% 45% 20% 10% 2% 29% 41% 19% 9% 2013 % 8.97% 6.45% -10.00% 5.79% 7.03% -7.80% 16.62% 1,592 165,000 108 199,284 190,922 10.05 303,949,383 2013 21% 42% 21% 14% 2% 1%
  • 5. TOTAL SALES 2012 20132009 2010 200 225 250 275 300 325 350 BLACKSBURG IN TOWN 2011 258 328 256 237 229 TREND MONTHS OF INVENTORY 2012 20132009 2010 4 5 6 7 8 9 10 2011 6.57 5.30 8.48 10.53 8.41 TREND Median Price $ Days on Market Avg. List Price $ Avg. Sale Price $ Months of Inventory Total Volume $ Total Sales 2012 % 2011 229 215,730 115 246,979 236,542 8.41 54,168,194 12.66% 2.10% -8.70% -0.17% 0.82% -21.88% 13.58% 258 220,250 105 246,561 238,470 6.57 61,525,305 SALES BY TYPE 2013 AREA ANALYSIS FOR BLACKSBURG IN TOWN Single Family 205 Condo 52 Attached 71 MEDIAN PRICE 2012 20132009 2010 $170,000 $180,000 $190,000 $200,000 $210,000 $220,000 $230,000 2011 220,250 229,975 218,000 223,000 215,730 TREND INVENTORY LEVELS 2012 20132009 2010 100 125 150 175 200 225 250 2011 141 145 219 250 161 TREND SALES BY PRICE POINT $0-99,999 $100,000-199,999 $200,000-299,999 $300,000-499,999 $500,000+ 2011 0% 25% 50% 75% 100% 2012 3% 39% 37% 20% 1% 6% 35% 38% 18% 2013 % 27.13% 4.42% -20.00% 6.48% 6.80% -19.33% 35.78% 328 229,975 84 262,539 254,696 5.30 83,540,528 2013 5% 33% 32% 26% 3% 2%
  • 6. TOTAL SALES 2012 20132009 2010 200 225 250 275 300 325 350 CHRISTIANSBURG IN TOWN 2011 271 267 329 250 267 TREND MONTHS OF INVENTORY 2012 20132009 2010 0 2 4 6 8 10 12 2011 6.51 6.95 9.27 11.50 8.97 TREND Median Price $ Days on Market Avg. List Price $ Avg. Sale Price $ Months of Inventory Total Volume $ Total Sales 2012 % 2011 267 160,000 114 176,090 170,032 8.97 45,398,609 1.50% 0.00% -2.63% 2.91% 3.43% -27.42% 4.98% 271 160,000 111 181,221 175,859 6.51 47,657,875 SALES BY TYPE 2013 AREA ANALYSIS FOR CHRISTIANSBURG IN TOWN Single Family 211 Condo 6 Attached 50 MEDIAN PRICE 2012 20132009 2010 $140,000 $145,000 $150,000 $155,000 $160,000 $165,000 $170,000 2011 160,000 169,000169,000 163,500 160,000 TREND INVENTORY LEVELS 2012 20132009 2010 125 150 175 200 225 250 275 2011 147 155 272 277 200 TREND SALES BY PRICE POINT $0-99,999 $100,000-199,999 $200,000-299,999 $300,000-499,999 $500,000+ 2011 0% 25% 50% 75% 100% 2012 7% 65% 23% 6% 0% 10% 63% 24% 3% 2013 % -1.48% 5.63% -23.42% 1.60% 1.23% 6.76% -0.26% 267 169,000 85 184,121 178,025 6.95 47,532,844 2013 11% 57% 27% 5% .5% 0%
  • 7. MONTHS OF INVENTORY 2012 20132009 2010 4 5 6 7 8 9 10 2011 8.88 7.57 9.23 11.18 7.48 TREND TOTAL SALES 2012 20132009 2010 0 50 100 150 200 250 300 2011 234 283 129 135 186 TREND MEDIAN PRICE 2012 20132009 2010 $180,000 $190,000 $200,000 $220,000 $230,000 $240,000 $250,000 2011 199,450 200,000 225,000 209,500 246,500 TREND Median Price $ Days on Market Avg. List Price $ Avg. Sale Price $ Months of Inventory Total Volume $ Total Sales 2012 234 199,450 115 240,074 230,273 8.88 53,883,875 2013 % 20.94% 0.28% -20.87% 1.96% 2.63% -14.75% 24.13% 283 200,000 91 244,774 236,339 7.57 66,884,181 Montgomery MONTGOMERY MONTHS OF INVENTORY 2012 20132009 2010 5 6 7 8 9 10 11 2011 9.22 6.17 8.80 11.74 9.90 TREND TOTAL SALES 2012 20132009 2010 80 85 90 95 100 105 110 2011 99 107 101 91 99 TREND MEDIAN PRICE 2012 20132009 2010 $105,000 $110,000 $115,000 $120,000 $125,000 $130,000 $135,000 2011 129,000 125,000 133,000 129,000 124,000 TREND Median Price $ Days on Market Avg. List Price $ Avg. Sale Price $ Months of Inventory Total Volume $ Total Sales 2012 99 129,000 134 150,161 141,234 9.22 13,982,181 2013 % 8.08% -3.10% -35.82% -3.79% -2.97% -33.08% 4.87% 107 125,000 86 144,463 137,035 6.17 14,662,795 Radford RADFORD FLAT
  • 8. MONTHS OF INVENTORY 2012 20132009 2010 8 10 12 14 16 18 20 2011 19.92 18.29 12.84 14.73 18.74 TREND TOTAL SALES 2012 20132009 2010 30 40 50 60 70 80 90 2011 75 82 57 67 62 TREND MEDIAN PRICE 2012 20132009 2010 $120,000 $125,000 $130,000 $135,000 $140,000 $145,000 $150,000 2011 144,900 150,000 141,000 139,000 147,500 TREND Median Price $ Days on Market Avg. List Price $ Avg. Sale Price $ Months of Inventory Total Volume $ Total Sales 2012 75 144,900 133 173,931 158,402 19.92 56,292,965 2013 % 9.33% 3.52% 30.08% 2.76% 5.85% -8.18% 15.54% 82 150,000 173 178,734 167,664 18.29 65,038,265 Floyd FLOYD MONTHS OF INVENTORY 2012 20132009 2010 9 10 11 12 13 14 15 2011 11.96 10.80 11.39 15.74 11.79 TREND TOTAL SALES 2012 20132009 2010 80 90 100 110 120 130 140 2011 104 133 118 96 108 TREND MEDIAN PRICE 2012 20132009 2010 $90,000 $95,000 $100,000 $105,000 $110,000 $115,000 $120,000 2011 117,200 120,000 98,950 93,500 108,500 TREND Median Price $ Days on Market Avg. List Price $ Avg. Sale Price $ Months of Inventory Total Volume $ Total Sales 2012 104 117,200 117 137,954 $130,217 11.96 13,542,554 2013 % 27.88% 2.39% 9.40% 9.26% 10.32% -9.70% 41.08% 133 120,000 128 150,726 143,652 10.80 19,105,799 Giles GILES
  • 9. MONTHS OF INVENTORY 2012 20132009 2010 7 8 9 10 11 12 13 2011 8.96 11.2211.06 13.54 10.97 TREND TOTAL SALES 2012 20132009 2010 170 180 190 200 210 220 230 2011 226 218 220 175 182 TREND MEDIAN PRICE 2012 20132009 2010 $95,000 $100,000 $105,000 $110,000 $115,000 $120,000 $125,000 2011 111,950 124,000 110,000 115,000 100,000 TREND Median Price $ Days on Market Avg. List Price $ Avg. Sale Price $ Months of Inventory Total Volume $ Total Sales 2012 226 111,950 109 129,531 122,603 8.96 27,708,246 2013 % -3.54% 10.76% -4.59% 12.39% 12.83% 25.22% 8.84% 218 124,000 104 145,585 138,337 11.22 30,157,000 Pulaski PULASKI A SAMPLING OF OUR 2013 SOLD PROPERTIES 2001 Birchleaf Lane $253,000 250 South Main Street #207 $158,000 402 Landsdowne Street $245,000 589 Hale Street $278,000 810 Sunrise Drive $485,000 819 North Village Way $380,000 1210 Draper Road $455,000 1225 Village Way South $360,000 1610 Boxwood Drive $380,000 2302 Capistrano Street $216,000 740 Oak Tree Boulevard $158,000 814 North Village Way $277,000
  • 10. LIVE WHERE YOU LOVE
  • 11. 800-325-6378 (NEST) www.NestRealty.com

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