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Q2 2013 nest market report
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Q2 2013 nest market report

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  • 1. Total Sales: Total sales increased by 8.32% for the overall MSA in comparison to the first half of 2012, indicating that buyer demand is growing as the market strengthens. Inventory: While inventory levels are nearly identical to where they were at this point of the year in 2012, inventory increased by 16.67% from Q1 to Q2 this year. Median Home Prices: Median sale prices rose by 10.46% in the overall MSA, which is a positive indicator for home owners considering putting their house on the market. 1 2 3 OVERALL MSA TOTAL SALES MEDIAN $ AVERAGE $ TOTAL INVENTORY SOLD VOLUME YTD 2013 781 167,900 190,703 2,933 148,939,382 YTD 2012 721 152,000 177,444 2,924 127,937,414 % CHANGE 8.32% 10.46% 7.47% 0.31% 16.42% BLACKSBURG TOTAL SALES MEDIAN $ AVERAGE $ TOTAL INVENTORY SOLD VOLUME YTD 2013 171 228,500 240,779 395 41,173,213 YTD 2012 137 220,000 235,772 359 32,300,800 % CHANGE 24.82% 3.86% 2.12% 10.03% 27.47% CHRISTIANSBURG TOTAL SALES MEDIAN $ AVERAGE $ TOTAL INVENTORY SOLD VOLUME YTD 2013 133 168,500 176,204 425 23,435,158 YTD 2012 130 159,750 176,586 393 22,956,300 % CHANGE 2.31% 5.48% -0.22% 8.14% 2.09% Q3 ‘08 Q4 ‘08 Q1‘09 Q2 ‘09 Q3 ‘09 Q4 ‘09 Q1 ‘10 Q2 ‘10 Q3 ‘10 Q4 ‘10 Q1 ‘11 Q2 ‘11 Q3 ‘11 Q4 ‘11 Q1 ‘12 Q2 ‘12 Q3 ‘12 Q4 ‘12 Q1 ‘13 Q2 ‘13 TOTAL SALES: Q2 sales are the highest they’ve been since 2008. SO, HOW’S THE MARKET DOING? 21.6 % OF HOMES SOLD IN THE OVERALL MSA IN 1H WENT UNDER CONTRACT IN LESS THAN 14 DAYS (169) 66.9 % OF HOMES SOLD IN CHRISTIANSBURG IN 1H HAVE EITHER A DECK OR PORCH (89) 58.3 % OF HOMES SOLD IN BLACKSBURG IN 1H HAVE HARDWOOD FLOORS (92) * The New River Valley MSA consists of the cities of Blacksburg and Christiansburg, and the counties of Giles, Montgomery, and Pulaski. Data as of 7/30/13. YTD sales data from 01/01/2013 - 06/30/2013. QUARTERLY MARKET REPORTBROUGHT TO YOU BY: JEREMY HART 2ND QUARTER / 2013 NEW RIVER VALLEY* 600 500 400 300 200 100 243 217 450447 440 236 321 250 251 410 305 465 428 266 310 424444 261 313 520
  • 2. JEREMY HART REALTOR® P / 540-998-4731 E / jeremy@nrvliving.com W / www.NRVLiving.com 4OO N. MAIN STREET BLACKSBURG, VA. 24060 WWW.NESTREALTY.COM FACEBOOK.COM/NESTREALTYNRV AVAILABLE AT $159,900 75 HIGHVIEW ST. CHRISTIANSBURG PENDING: $455,000 1210 DRAPER RD. BLACKSBURG SOLD IN 4 DAYS 2722 WELLESLEY CT BLACKSBURG REPRESENTED SELLER 1225 VILLAGE WAY S BLACKSBURG SOLD IN 10 DAYS 814 VILLAGE WAY N BLACKSBURG SOLD IN 8 DAYS 402 LANDSDOWNE ST BLACKSBURG JEREMY HART’S FEATURED PROPERTIES WHAT’S NEW WITH NEST: Nest Realty is growing! We now have four locations throughout Virginia with the recent opening of a new office in Fredericksburg. Nest Realty was named a finalist in the 2013 Inman Innovator Awards in the category of “Most Innovative Digital Marketing Campaign” for its “Live Where You Love” video series. marketing team has recently launched a major overhaul of our website. We believe in using cutting-edge technology to make the buying and selling process easier, so stay tuned for a Fall 2013 launch to see what new tools and experiences we will be providing our clients!