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Q3 2013 nest report

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  • 1. QUARTERLY MARKET REPORT BROUGHT TO YOU BY: JEREMY HART 3 R D QUARTER / 2013 NEW RIVER VALLEY* SO, HOW’S THE MARKET DOING? 1 Total Sales: Despite a 17.2% year-over-year drop in Q3 sales in Christiansburg, total sales in the overall MSA increased by 10.3% thanks to strong sales performances in areas like the City of Blacksburg. 471 overall homes sold was the highest Q3 total since 2007. 2 Inventory: Inventory increased in nearly every major category in Q3, resulting in a 9% increase in the overall MSA compared to 2012. This is a positive sign for homebuyers as they will have more choice and be able to exercise greater selectivity in searching for a home. 3 Median Home Prices: Overall, median homes prices rose slightly in comparison to last year, but homes within the Blacksburg city limits saw a dramatic 17.2% jump in median prices. Rising prices could encourage those looking to sell to put their homes on the market. OVERALL MSA TOTAL SALES MEDIAN $ AVERAGE $ TOTAL INVENTORY Q3 2013 % CHANGE 471 427 10.3% 164,200 159,000 3.27% 195,555 181,006 8.04% 2,239 2,053 9.06% 92,106,795 77,289,145 19.17% BLACKSBURG TOTAL SALES MEDIAN $ AVERAGE $ TOTAL INVENTORY SOLD VOLUME Q3 2013 % CHANGE 89 74 20.27% 269,000 229,500 17.21% 279,798 240,309 16.43% 258 222 16.22% 24,902,067 17,289,145 40.03% CHRISTIANSBURG TOTAL SALES MEDIAN $ AVERAGE $ TOTAL INVENTORY SOLD VOLUME Q3 2013 77 93 -17.20% 173,000 165,000 4.85% 186,041 176,500 5.41% 312 245 27.35% 28.7 % SOLD VOLUME 14,325,177 16,414,578 -12.73% Q3 2012 Q3 2012 Q3 2012 % CHANGE HOMES SOLD IN Q3 IN THE MSA HAD WALKOUT BASEMENTS (135) 25.8 % HOMES SOLD IN BLACKSBURG IN Q3 WENT UNDER CONTRACT IN LESS THAN 7 DAYS (25) 68.8 % HOMES SOLD IN CHRISTIANSBURG IN Q3 HAVE MAIN FLOOR MASTER BEDROOMS (53) TOTAL SALES: Q3 sales are the highest they’ve been since 2008. 500 400 440 300 200 321 243 100 Q4 ‘08 Q2‘09 Q3 ‘09 Q4 ‘09 Q1 ‘10 428 305 236 217 Q1 ‘09 524 465 450 Q2 ‘10 Q3 ‘10 450 410 310 250 251 Q4 ‘10 Q1 ‘11 Q2 ‘11 Q3 ‘11 Q4 ‘11 427 313 271 Q1‘12 Q2 ‘12 Q3 ‘12 Q4 ‘12 471 261 Q1 ‘13 Q2 ‘13 Q3 ‘13 * The New River Valley MSA consists of the cities of Blacksburg and Christiansburg, and the counties of Giles, Montgomery, and Pulaski. Data as of 11/11/13.
  • 2. WHAT’S NEW WITH NEST: • Nest is the 5th fastest-growing, privately-owned real estate brokerage in the country as ranked by Inc. Magazine. • Tina Merritt and Jeremy Hart will be representing Nest Realty by serving on a committee for the National Association of Realtors in 2014. • The year-to-date total closed volume for Nest’s New River Valley office has grown by nearly 77% compared to 2012. • Traffic to the Nest New River Valley website has increased more than 217% over last year. JEREMY HART'S FEATURED PROPERTIES $282,000 JUST LISTED $239,900 408 Seminole Drive Blacksburg 1336 Mockingbird Drive Blacksburg UNDER CONTRACT $379,900 819 Village Way N. Blacksburg Jeremy Hart REALTOR P / 540-998-4731 E / jeremy@nrvliving.com 4OO N. MAIN STREET BLACKSBURG, VA. 24060 WWW.NESTREALTY.COM FACEBOOK.COM/NESTREALTYNRV

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