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HOW'S
THE
MARKET?FIRST QUARTER 2015 NEST REPORT
Town of Blacksburg
Town of Christiansburg
Montgomery County
Floyd County
Giles County
Radford City
Pulaski County
NEW RIVER VALLEY MSA MARKET ANALYSIS
First Quarter 2015
Market Snapshot
3% $158,000
TOTAL SALES
There were 308 total sales this past
quarter compared to 300 total
sales in Q1 2014. This translates to
a 3% year-over-year increase.
MEDIAN SALES PRICE
The median sales price this past
quarter was $158,000 compared to
$138,500 in Q1 2014.
TOTAL INVENTORY
At the end of this past quarter, to-
tal inventory levels were down 8%
compared to the end of Q1 2014.
'10Q1
'10Q2
'10Q3
'10Q4
'11Q1
'11Q2
'11Q3
'11Q4
'12Q1
'12Q2
'12Q3
'12Q4
'13Q1
'13Q2
'13Q3
'13Q4
'14Q1
'14Q2
'14Q3
'14Q4
'15Q1
0
100
200
300
400
500
600
527
427
477
450
300 308
468
428
250
449
236
311
271
251
313
262
412
335
305
465
335
Five Year Sales Trend (Total Sales)
131
DAYS ON MARKET
Homes sold this past quarter spent
an average of 131 days on market
before being sold.
14%
CONTRACTS WRITTEN
There were 470 contracts written
this past quarter compared to 411
in Q1 2014. This translates to a
14% year-over-year increase.
MONTHS OF INVENTORY
At the end of this past quarter,
there were 9 months of inventory
available.
03/2014 04/2014 05/2014 06/2014 07/2014 08/2014 09/2014 10/2014 11/2014 12/2014 01/2015 02/2015 03/2015
120K
140K
160K
180K
200K
220K
153,488
187,035
187,694 186,141
183,231192,506
180,672
211,285
179,290
197,607
206,345
199,140
168,625
186,000
159,950
164,625
185,000
159,000
158,900
158,000
167,000
155,000
144,001
172,600
150,550 148,450
Average & Median Price Trends AVG. SALES PRICE MEDIAN SALES PRICE
03/2014 04/2014 05/2014 06/2014 07/2014 08/2014 09/2014 10/2014 11/2014 12/2014 01/2015 02/2015 03/2015
158,900
186,141
148,450
179,290
172,600
197,607
164,625
199,140
158,000
187,035
159,950
183,231
155,000
168,625
159,000
187,694
185,000
206,345
186,000
211,285
167,000
192,506
150,550
180,672
144,001
153,488Average
Median
-8%
9
NEW RIVER VALLEY MSA MARKET ANALYSIS
First Quarter 2015
Quarterly Performance & Yearly Growth
TOTAL
SALES
AVG. LIST
PRICE
AVG. SALES
PRICE
MEDIAN
SALES PRICE
AVG.
$/SQ.FT.
AVG. DAYS
ON MARKET
2015 Q1 12997159,900192,525201,465271
% Change 0.89%11.08%17.57%22.35%22.13%8.40%
2014 Q1 12887136,000157,360164,964250
% Change 3.55%-6.99%-9.33%-8.63%-8.99%12.11%
2013 Q1 12394150,000172,225181,249223
CONTRACTS
WRITTEN
403
19.23%
338
-1.74%
344
SINGLEFAMILYATTACHED
TOTAL
SALES
AVG. LIST
PRICE
AVG. SALES
PRICE
MEDIAN
SALES PRICE
AVG.
$/SQ.FT.
AVG. DAYS
ON MARKET
2015 Q1 156104161,950176,288182,72124
% Change 53.11%2.47%1.06%4.00%4.47%-25.00%
2014 Q1 102102160,250169,513174,90932
% Change 4.79%-6.93%-4.33%-6.69%-7.16%3.23%
2013 Q1 97109167,500181,668188,40231
CONTRACTS
WRITTEN
52
15.56%
45
2.27%
44
TOTAL
SALES
AVG. LIST
PRICE
AVG. SALES
PRICE
MEDIAN
SALES PRICE
AVG.
$/SQ.FT.
AVG. DAYS
ON MARKET
2015 Q1 119118108,000116,408122,21513
% Change 70.66%-13.27%-1.82%-12.51%-12.33%-27.78%
2014 Q1 70136110,000133,056139,41118
% Change -72.11%3.42%1.85%5.91%3.40%125.00%
2013 Q1 251131108,000125,625134,8258
CONDO
CONTRACTS
WRITTEN
15
-46.43%
28
-20.00%
35
2013 2014 2015
250
271223
18
2431
13
32
8
Year-to-Date Sales by Property Type
Single Family Attached Condo
NEW RIVER VALLEY MSA MARKET ANALYSIS
First Quarter 2015
March 2014
Inventory
Months of
Inventory
February 2015
Inventory
Months of
Inventory
March 2015
Inventory
Months of
Inventory
Attached
Condo
Single Family
Grand Total 25.87
9.7
7.75
8.42
1,298
1,135
62
101
23.29
15.29
8
1,175
1,055
32
88
30.32
9.24
4.25
16.83
1,188
1,053
34
101
Inventory Levels & Months of Inventory
January February March April May June July August September October November December
1000
1200
1400
1600
1
1
1
1
1
1
1
1
1
1
1 1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1 1
1
Four Year Inventory History
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2011 Inventory
New Listings
2012 Inventory
New Listings
2013 Inventory
New Listings
2014 Inventory
New Listings
2015 Inventory
New Listings
138
1,318
174
1,415
203
1,507
192
1,620
277
1,693
254
1,680
303
1,745
370
1,708
385
1,611
385
1,478
287
1,354
221
1,318
145
1,175
155
1,255
202
1,297
182
1,355
219
1,397
231
1,424
240
1,472
294
1,427
362
1,388
328
1,297
272
1,233
245
1,205
122
1,246
160
1,348
191
1,408
261
1,445
266
1,457
258
1,467
310
1,447
332
1,372
365
1,319
358
1,251
254
1,185
238
1,120
166
1,240
161
1,323
223
1,410
220
1,425
247
1,491
262
1,502
304
1,492
357
1,496
362
1,423
339
1,297
243
1,212
264
1,159
364
1,188
220
1,175
210
1,166
3 KEY TAKEAWAYS
1. Single family sales have made a resurgence, as pent-up buyer demand has flooded back to the
market. Quarterly data shows double-digit growth in every metric except days on market.
2. With total sales decreasing year-over-year and median sales prices still greater than single-family,
the townhouse market might still have a ways to go to recovery.
3. While days on market is still a little higher than other pockets of the market, the consistency overall
indicates relative stability across all product types.
n/a
9.2814.699.47
2012 2013 2014 2015
TOWN OF BLACKSBURG MARKET ANALYSIS
First Quarter 2015
Market Snapshot
12% $229,000
118 12%
TOTAL SALES
There were 48 total sales this past
quarter compared to 43 total sales
in Q1 2014. This translates to a
12 % year-over-year increase.
MEDIAN SALES PRICE
The median sales price this past
quarter was $229,000 compared
to $184,000 in Q1 2014.
TOTAL INVENTORY
At the end of this past quarter,
total inventory levels were down
16% compared to the end of
Q1 2014.
DAYS ON MARKET
Homes sold this past quarter
spent an average of 118 days on
market before being sold.
CONTRACTS WRITTEN
There were 85 contracts written
this past quarter compared to 76 in
Q1 2014. This translates to a 12%
year-over-year increase.
MONTHS OF INVENTORY
At the end of this past quarter,
there were 6 months of
inventory available.
'10Q1
'10Q2
'10Q3
'10Q4
'11Q1
'11Q2
'11Q3
'11Q4
'12Q1
'12Q2
'12Q3
'12Q4
'13Q1
'13Q2
'13Q3
'13Q4
'14Q1
'14Q2
'14Q3
'14Q4
'15Q1
0
20
40
60
80
100
120
140
121
103
474747
87
4850
90 90 88
34
54
74
64
43
63
52
82
52
35
Five Year Sales Trend (Total Sales)
0% 25% 50% 75% 100%
2015
Q1
2014
Q4
2014
Q3
2014
Q2
2014
Q1
33%
53%
37%
34%
44%
40%
13%
28%
38%
10%
15%
17%
16%
12%
28%
29%
2%
5%
5%
4%
8%
2%
2%
6%
6%
2%
6%
2%
2%
Sales by Price Range
0-99,999 100K-199,999 200K-299,999 300K-399,999 400K-499,999 500K+
-16%
6
TOWN OF BLACKSBURG MARKET ANALYSIS
First Quarter 2015
Quarterly Performance & Yearly Growth
TOTAL SALES
AVG. LIST
PRICE
AVG. SALES
PRICE
MEDIAN
SALES PRICE AVG. $/SQ.FT.
AVG. DAYS
ON MARKET
2015 Q1 88132265,360295,569307,32127
% Change 48.27%-1.34%-8.87%-0.87%1.31%50.00%
2014 Q1 60134291,200298,166303,35518
% Change -39.13%1.42%23.91%9.06%5.93%-41.94%
2013 Q1 98132235,000273,386286,37431
CONTRACTS
WRITTEN
51
24.39%
41
-31.67%
60
TOTAL SALES
AVG. LIST
PRICE
AVG. SALES
PRICE
MEDIAN
SALES PRICE AVG. $/SQ.FT.
AVG. DAYS
ON MARKET
2015 Q1 211115170,000169,878176,2339
% Change 173.96%-2.61%4.04%-4.65%-3.77%-10.00%
2014 Q1 77118163,400178,155183,13010
% Change -31.81%1.83%-9.72%-9.10%-9.84%-37.50%
2013 Q1 113116181,000195,994203,12216
CONTRACTS
WRITTEN
21
75.00%
12
-33.33%
18
TOTAL SALES
AVG. LIST
PRICE
AVG. SALES
PRICE
MEDIAN
SALES PRICE AVG. $/SQ.FT.
AVG. DAYS
ON MARKET
2015 Q1 113120112,450117,783123,82512
% Change 100.18%-11.10%2.23%-8.70%-8.14%-20.00%
2014 Q1 57135110,000129,000134,80015
% Change -70.53%7.78%10.00%26.29%25.20%114.29%
2013 Q1 192125100,000102,143107,6717
CONTRACTS
WRITTEN
13
-43.48%
23
-32.35%
34
2013 2014 2015
27
18
10
16 31
12
15
7
9
Year-to-Date Sales by Property Type
Single Family Attached Condo
SINGLEFAMILYATTACHEDCONDO
TOWN OF BLACKSBURG MARKET ANALYSIS
First Quarter 2015
3 KEY TAKEAWAYS
1. As median price increases in Blacksburg have stalled, sales of single family homes have
coincidingly increased.
2. Activity has increased across much of the market, as evidenced by a 12% rise in Contracts written,
indicating that buyers are moving back into the market.
3. Six months of inventory is generally considered a "balanced" market. Given the 5.68 months of
inventory currently available, it's looking as if the market is trending slightly in favor of sellers.
March 2014
Total Inventory
Months Of
Inventory
February 2015
Total Inventory
Months Of
Inventory
March 2015
Total Inventory
Months Of
Inventory
Detached
Attached
Condo
All 28.9
9.0
13.0
6.9
169
54
39
76
23.0
7.0
16.0
122
23
35
64
23.0
3.0
14.7
5.3
142
24
44
74
Inventory Levels & Months of Inventory
January February March April May June July August September October November December
100
120
140
160
180
200
220
Four Year Inventory History 2012 2013 2014 2015
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2011 Inventory
New Listings
2012 Inventory
New Listings
2013 Inventory
New Listings
2014 Inventory
New Listings
2015 Inventory
New Listings
11
122
19
137
23
136
19
150
26
157
26
166
31
183
46
202
59
201
56
173
37
156
39
143
28
145
21
134
27
138
12
145
26
149
31
155
33
158
29
152
50
161
67
127
43
120
36
112
19
123
14
130
21
145
62
149
31
130
28
131
31
142
30
149
49
159
71
179
48
158
39
135
22
119
10
130
28
138
34
138
23
141
33
146
37
148
45
181
44
176
58
169
48
143
39
115
78
142
40
122
34
117
8.45 13.56 5.68
TOWN OF CHRISTIANSBURG MARKET ANALYSIS
First Quarter 2015
Market Snapshot
TOTAL SALES
There were 58 total sales this past
quarter compared to 64 total sales
in Q1 2014. This translates to a 9%
year-over-year decrease.
MEDIAN SALES PRICE
The median sales price this past
quarter was $167,500 compared to
$165,000 in Q1 2014.
-9% $167,500 -14%
TOTAL INVENTORY
At the end of this past quarter, to-
tal inventory levels were down 14%
compared to the end of Q1 2014.
108
DAYS ON MARKET
Homes sold this past quarter spent
an average of 108 days on market
before being sold.
CONTRACTS WRITTEN
There were 100 contracts written
this past quarter compared to 81 in
Q1 2014. This translates to a 23%
year-over-year increase.
MONTHS OF INVENTORY
At the end of this past quarter,
there were 5 months of
inventory available.
23% 5
'10Q1
'10Q2
'10Q3
'10Q4
'11Q1
'11Q2
'11Q3
'11Q4
'12Q1
'12Q2
'12Q3
'12Q4
'13Q1
'13Q2
'13Q3
'13Q4
'14Q1
'14Q2
'14Q3
'14Q4
'15Q1
0
25
50
75
100
125
150
112
4747
37
68
78
48
58
90
79
64
44
54
9193 92
55 55
85
45
75
Five Year Sales Trend (Total Sales)
0% 25% 50% 75% 100%
2015
Q1
2014
Q4
2014
Q3
2014
Q2
2014
Q1
25%10%
10%
64%
60%
54%
69%
66%
20%
22%
22%
11%
26%
3%
4%
9%
3%
1%
1%
1%4%
2%
8%
2%
Sales by Price Range
0-99,999 100K-199,999 200K-299,999 300K-399,999 400K-499,999 500K+
TOWN OF CHRISTIANSBURG MARKET ANALYSIS
First Quarter 2015
Quarterly Performance & Yearly Growth
TOTAL SALES
AVG. LIST
PRICE
AVG. SALES
PRICE
MEDIAN
SALES PRICE AVG. $/SQ.FT.
AVG. DAYS
ON MARKET
2015 Q1 10491175,000177,690181,01049
% Change -3.76%-9.92%2.49%-2.90%-4.33%6.52%
2014 Q1 108101170,750182,991189,20046
% Change 65.22%4.78%5.24%10.46%9.59%43.75%
2013 Q1 6597162,250165,664172,64232
CONTRACTS
WRITTEN
78
44.44%
54
-3.57%
56
TOTAL SALES
AVG. LIST
PRICE
AVG. SALES
PRICE
MEDIAN
SALES PRICE AVG. $/SQ.FT.
AVG. DAYS
ON MARKET
2015 Q1 13295150,000148,011152,6119
% Change -0.81%3.13%0.74%-3.22%-2.59%-47.06%
2014 Q1 13492148,900152,933156,66517
% Change 70.40%-8.28%9.08%3.41%2.38%54.55%
2013 Q1 78101136,500147,891153,02711
CONTRACTS
WRITTEN
21
-12.50%
24
50.00%
16
TOTAL SALES
AVG. LIST
PRICE
AVG. SALES
PRICE
MEDIAN
SALES PRICE AVG. $/SQ.FT.
AVG. DAYS
ON MARKET
2014 Q4 35148267,000264,667272,4673
% Change
2014 Q1 115169182,000182,000199,9001
% Change -82.71%-3.20%-37.24%-37.24%-38.47%0.00%
2013 Q1 665174290,000290,000324,9001
CONTRACTS
WRITTEN
1
-66.67%
3
200.00%
1
2013 2014 2015
17
49
46
11
32
9
1 1
Year-to-Date Sales by Property Type
Single Family Attached Condo
SINGLEFAMILYATTACHEDCONDO
2015 Q1 0 0 0 0 0 0
n/a n/a n/a n/a n/a n/a
TOWN OF CHRISTIANSBURG MARKET ANALYSIS
First Quarter 2015
March 2014
Inventory
Months of
Inventory
February 2015
Inventory
Months of
Inventory
March 2015
Inventory
Months of
Inventory
Detached
Attached
Condo
All 13.22
7.17
6.05
178
2
43
133
19.31
11.67
7.64
146
4
35
107
16.52
12
4.52
153
4
36
113
Year-to-Date Sales by Property Type
January February March April May June July August September October November December
0
50
100
150
200
Four Year Inventory History 2012 2013 2014 2015
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2011 Inventory
New Listings
2012 Inventory
New Listings
2013 Inventory
New Listings
2014 Inventory
New Listings
2015 Inventory
New Listings
15
151
24
161
34
173
31
193
33
202
40
212
42
227
50
243
55
228
61
215
46
204
50
185
24
117
26
130
26
140
33
142
28
139
27
155
22
173
52
179
69
161
40
153
47
152
30
134
19
155
27
174
33
181
39
180
55
183
42
185
54
184
57
165
75
155
47
132
44
126
46
111
30
154
24
158
44
183
42
190
43
199
30
213
46
218
53
219
71
207
58
178
38
167
54
155
62
153
41
146
29
151
3 KEY TAKEAWAYS
1. 6 out of 10 sales in Christiansburg are priced between $100,000-$200,000, making it the
overwhelming sweet spot of the Christiansburg market.
2. A bump in new inventory in March is reminiscent of years past, indicating we're entering Q2
squarely in the spring market.
3. Attached homes are a large segment of the market in Christiansburg. No month-over-month sta-
tistical change in this sector's inventory suggests this segment is oversaturated.
6.36 8.59 5.46
n/a n/a n/a
MONTGOMERY COUNTY MARKET ANALYSIS
First Quarter 2015
TOTAL SALES
There were 45 total sales this past
quarter compared to 43 total sales
in Q1 2014. This translates to a 5%
year-over-year increase.
5% $265,000 -8%
106 29% 8
'10Q1
'10Q2
'10Q3
'10Q4
'11Q1
'11Q2
'11Q3
'11Q4
'12Q1
'12Q2
'12Q3
'12Q4
'13Q1
'13Q2
'13Q3
'13Q4
'14Q1
'14Q2
'14Q3
'14Q4
'15Q10
20
40
60
80
100
120
109
47
67
47
68
59
64
34
64
46
81
61
23
43 43 43
52
22
45
35
65
Five Year Sales Trend (Total Sales)
MEDIAN SALES PRICE
The median sales price this past
quarter was $265,000 compared
to $155,000 in Q1 2014.
Quarterly Performance & Yearly Growth
TOTAL SALES
AVG. LIST
PRICE
AVG. SALES
PRICE
MEDIAN
SALES PRICE AVG. $/SQ.FT.
AVG. DAYS
ON MARKET
2015 Q1 106111265,000271,133279,41145
% Change -11.62%19.27%70.97%48.90%47.21%4.65%
2014 Q1 12093155,000182,085189,79943
% Change -0.31%-8.39%-19.69%-22.13%-22.17%0.00%
2013 Q1 120101193,000233,820243,85943
CONTRACTS
WRITTEN
71
29.09%
55
-33.73%
83
TOTAL INVENTORY
At the end of this past quarter, to-
tal inventory levels were down 8%
compared to the end of Q1 2014.
DAYS ON MARKET
Homes sold this past quarter spent
an average of 106 days on market
before being sold.
CONTRACTS WRITTEN
There were 71 contracts written
this past quarter compared to 55 in
Q1 2014. This translates to a 29%
year-over-year increase.
MONTHS OF INVENTORY
At the end of this past quarter,
there were 8 months of
inventory available.
Market Snapshot
FLOYD COUNTY MARKET ANALYSIS
First Quarter 2015
TOTAL SALES
There were 800 total sales this
past quarter compared to 465
total sales in Q1 2014. This tran..
MEDIAN SALES PRICE
The median sales price in the
Wilmington MSA this past quarter
was $220,000 compared to $21..
Quarterly Performance & Yearly Growth
'10Q1
'10Q2
'10Q3
'10Q4
'11Q1
'11Q2
'11Q3
'11Q4
'12Q1
'12Q2
'12Q3
'12Q4
'13Q1
'13Q2
'13Q3
'13Q4
'14Q1
'14Q2
'14Q3
'14Q4
'15Q10
10
20
30
40
17 17
20
10
20 20
14
2424
14
26
21
1111
13
2323
22
2525
9
Five Year Sales Trend (Total Sales)
TOTAL SALES
AVG. LIST
PRICE
AVG. SALES
PRICE
MEDIAN
SALES PRICE AVG. $/SQ.FT.
AVG. DAYS
ON MARKET
2015 Q1 20792142,975173,161190,92914
% Change 46.91%15.10%19.20%27.38%31.42%-30.00%
2014 Q1 14180119,950135,935145,28020
% Change -32.79%-15.10%-2.08%1.89%3.44%42.86%
2013 Q1 21094122,500133,410140,45014
CONTRACTS
WRITTEN
17
-45.16%
31
93.75%
16
TOTAL INVENTORY
At the end of this past quarter,
total inventory levels were up
___% compared to the end of Q1..
DAYS ON MARKET
Homes sold this past quarter
spent an average of 122 days on
market before being sold.
CONTRACTS WRITTEN
There were ___ contracts written
this past quarter compared to ___
in Q1 2014. This translates to a ..
MONTHS OF INVENTORY
At the end of this past quarter,
there were ___ months of inven-
tory available.
-30% $142,975 -5%
207 -45% 16
Market Snapshot
GILES COUNTY MARKET ANALYSIS
First Quarter 2015
Market Snapshot
10% $105,000
141 10%
5%
12
'10Q1
'10Q2
'10Q3
'10Q4
'11Q1
'11Q2
'11Q3
'11Q4
'12Q1
'12Q2
'12Q3
'12Q4
'13Q1
'13Q2
'13Q3
'13Q4
'14Q1
'14Q2
'14Q3
'14Q4
'15Q10
10
20
30
40
50
17
40
2828
20
30
1919
24
26
16
41
21
31 31
33
23
42
22 22
35
Five Year Sales Trend (Total Sales)
TOTAL SALES
AVG. LIST
PRICE
AVG. SALES
PRICE
MEDIAN
SALES PRICE AVG. $/SQ.FT.
AVG. DAYS
ON MARKET
2015 Q1 14178105,000123,120137,46422
Quarterly Performance & Yearly Growth
% Change 20.78%10.97%-5.19%0.57%6.17%10.00%
2014 Q1 11771110,750122,420129,48020
% Change 0.16%-16.89%-19.75%-17.25%-17.49%5.26%
2013 Q1 11685138,000147,942156,92119
CONTRACTS
WRITTEN
32
10.34%
29
-6.45%
31
TOTAL SALES
There were 22 total sales this past
quarter compared to 20 total sales
in Q1 2014. This translates to a
10% year-over-year increase.
MEDIAN SALES PRICE
The median sales price this past
quarter was $105,000 compared to
$110,750 in Q1 2014.
DAYS ON MARKET
Homes sold this past quarter spent
an average of 141 days on market
before being sold.
TOTAL INVENTORY
At the end of this past quarter, to-
tal inventory levels were up 5%
compared to the end of Q1 2014.
CONTRACTS WRITTEN
There were 32 contracts written
this past quarter compared to 29 in
Q1 2014. This translates to a 10%
year-over-year increase.
MONTHS OF INVENTORY
At the end of this past quarter,
there were 12 months of
inventory available.
RADFORD CITY MARKET ANALYSIS
First Quarter 2015
TOTAL SALES
There were 16 total sales this past
quarter compared to 18 total sales
in Q1 2014. This translates to a
11% year-over-year decrease.
MEDIAN SALES PRICE
The median sales price this past
quarter was $137,950 compared
to $118,200 in Q1 2014.
Quarterly Performance & Yearly Growth
'10Q1
'10Q2
'10Q3
'10Q4
'11Q1
'11Q2
'11Q3
'11Q4
'12Q1
'12Q2
'12Q3
'12Q4
'13Q1
'13Q2
'13Q3
'13Q4
'14Q1
'14Q2
'14Q3
'14Q4
'15Q10
10
20
30
40
50
27 27
18 18
20 20
28
39
19
34
1616
11
41
21
31
13
33
35 35
15
Five Year Sales Trend (Total Sales)
TOTAL SALES
AVG. LIST
PRICE
AVG. SALES
PRICE
MEDIAN
SALES PRICE AVG. $/SQ.FT.
AVG. DAYS
ON MARKET
2015 Q1 12581137,950129,769137,97816
% Change 2.95%-1.26%16.71%-1.27%1.60%-11.11%
2014 Q1 12282118,200131,444135,80318
% Change -3.40%13.10%-5.44%4.37%2.72%20.00%
2013 Q1 12672125,000125,940132,20715
CONTRACTS
WRITTEN
28
21.74%
23
4.55%
22
TOTAL INVENTORY
At the end of this past quarter,
total inventory levels were down
2% compared to the end of
Q1 2014.
CONTRACTS WRITTEN
There were 28 contracts written
this past quarter compared to 23
in Q1 2014. This translates to a
22% year-over-year increase.
DAYS ON MARKET
Homes sold this past quarter
spent an average of 125 days on
market before being sold.
MONTHS OF INVENTORY
At the end of this past quarter,
there were 12 months of
inventory available.
-11% $137,950 -2%
125 22% 12
Market Snapshot
PULASKI COUNTY MARKET ANALYSIS
First Quarter 2015
17%
Market Snapshot
$118,500
126 22%
-7%
8
'10Q1
'10Q2
'10Q3
'10Q4
'11Q1
'11Q2
'11Q3
'11Q4
'12Q1
'12Q2
'12Q3
'12Q4
'13Q1
'13Q2
'13Q3
'13Q4
'14Q1
'14Q2
'14Q3
'14Q4
'15Q10
20
40
60
80
100
47
68
80
48 49
5454 5454
41
71
61
71
41
31
53
33
52 5252
55
Five Year Sales Trend (Total Sales)
Quarterly Performance & Yearly Growth
TOTAL SALES
AVG. LIST
PRICE
AVG. SALES
PRICE
MEDIAN
SALES PRICE AVG. $/SQ.FT.
AVG. DAYS
ON MARKET
2015 Q1 12677118,500134,481139,96161
% Change -4.87%8.52%6.28%17.34%16.05%17.31%
2014 Q1 13271111,500114,609120,60552
% Change 16.83%-6.21%6.19%-1.71%-1.21%26.83%
2013 Q1 11375105,000116,606122,08541
CONTRACTS
WRITTEN
83
68
22.06%
54.55%
44
TOTAL SALES
There were 61 total sales this
past quarter compared to 52 total
sales in Q1 2014. This translates
to a 17% year-over-year increase.
MEDIAN SALES PRICE
The median sales price this past
quarter was $118,500 compared
to $111,500 in Q1 2014.
TOTAL INVENTORY
At the end of this past quarter,
total inventory levels were down
7% compared to the end of
Q1 2014.
DAYS ON MARKET
Homes sold this past quarter
spent an average of 126 days on
market before being sold.
CONTRACTS WRITTEN
There were 83 contracts written
this past quarter compared to 68 in
Q1 2014. This translates to a 22%
year-over-year increase.
MONTHS OF INVENTORY
At the end of this past quarter,
there were 8 months of
inventory available.

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Q1 2015 New River Valley real estate Nest Report

  • 1. HOW'S THE MARKET?FIRST QUARTER 2015 NEST REPORT Town of Blacksburg Town of Christiansburg Montgomery County Floyd County Giles County Radford City Pulaski County
  • 2. NEW RIVER VALLEY MSA MARKET ANALYSIS First Quarter 2015 Market Snapshot 3% $158,000 TOTAL SALES There were 308 total sales this past quarter compared to 300 total sales in Q1 2014. This translates to a 3% year-over-year increase. MEDIAN SALES PRICE The median sales price this past quarter was $158,000 compared to $138,500 in Q1 2014. TOTAL INVENTORY At the end of this past quarter, to- tal inventory levels were down 8% compared to the end of Q1 2014. '10Q1 '10Q2 '10Q3 '10Q4 '11Q1 '11Q2 '11Q3 '11Q4 '12Q1 '12Q2 '12Q3 '12Q4 '13Q1 '13Q2 '13Q3 '13Q4 '14Q1 '14Q2 '14Q3 '14Q4 '15Q1 0 100 200 300 400 500 600 527 427 477 450 300 308 468 428 250 449 236 311 271 251 313 262 412 335 305 465 335 Five Year Sales Trend (Total Sales) 131 DAYS ON MARKET Homes sold this past quarter spent an average of 131 days on market before being sold. 14% CONTRACTS WRITTEN There were 470 contracts written this past quarter compared to 411 in Q1 2014. This translates to a 14% year-over-year increase. MONTHS OF INVENTORY At the end of this past quarter, there were 9 months of inventory available. 03/2014 04/2014 05/2014 06/2014 07/2014 08/2014 09/2014 10/2014 11/2014 12/2014 01/2015 02/2015 03/2015 120K 140K 160K 180K 200K 220K 153,488 187,035 187,694 186,141 183,231192,506 180,672 211,285 179,290 197,607 206,345 199,140 168,625 186,000 159,950 164,625 185,000 159,000 158,900 158,000 167,000 155,000 144,001 172,600 150,550 148,450 Average & Median Price Trends AVG. SALES PRICE MEDIAN SALES PRICE 03/2014 04/2014 05/2014 06/2014 07/2014 08/2014 09/2014 10/2014 11/2014 12/2014 01/2015 02/2015 03/2015 158,900 186,141 148,450 179,290 172,600 197,607 164,625 199,140 158,000 187,035 159,950 183,231 155,000 168,625 159,000 187,694 185,000 206,345 186,000 211,285 167,000 192,506 150,550 180,672 144,001 153,488Average Median -8% 9
  • 3. NEW RIVER VALLEY MSA MARKET ANALYSIS First Quarter 2015 Quarterly Performance & Yearly Growth TOTAL SALES AVG. LIST PRICE AVG. SALES PRICE MEDIAN SALES PRICE AVG. $/SQ.FT. AVG. DAYS ON MARKET 2015 Q1 12997159,900192,525201,465271 % Change 0.89%11.08%17.57%22.35%22.13%8.40% 2014 Q1 12887136,000157,360164,964250 % Change 3.55%-6.99%-9.33%-8.63%-8.99%12.11% 2013 Q1 12394150,000172,225181,249223 CONTRACTS WRITTEN 403 19.23% 338 -1.74% 344 SINGLEFAMILYATTACHED TOTAL SALES AVG. LIST PRICE AVG. SALES PRICE MEDIAN SALES PRICE AVG. $/SQ.FT. AVG. DAYS ON MARKET 2015 Q1 156104161,950176,288182,72124 % Change 53.11%2.47%1.06%4.00%4.47%-25.00% 2014 Q1 102102160,250169,513174,90932 % Change 4.79%-6.93%-4.33%-6.69%-7.16%3.23% 2013 Q1 97109167,500181,668188,40231 CONTRACTS WRITTEN 52 15.56% 45 2.27% 44 TOTAL SALES AVG. LIST PRICE AVG. SALES PRICE MEDIAN SALES PRICE AVG. $/SQ.FT. AVG. DAYS ON MARKET 2015 Q1 119118108,000116,408122,21513 % Change 70.66%-13.27%-1.82%-12.51%-12.33%-27.78% 2014 Q1 70136110,000133,056139,41118 % Change -72.11%3.42%1.85%5.91%3.40%125.00% 2013 Q1 251131108,000125,625134,8258 CONDO CONTRACTS WRITTEN 15 -46.43% 28 -20.00% 35 2013 2014 2015 250 271223 18 2431 13 32 8 Year-to-Date Sales by Property Type Single Family Attached Condo
  • 4. NEW RIVER VALLEY MSA MARKET ANALYSIS First Quarter 2015 March 2014 Inventory Months of Inventory February 2015 Inventory Months of Inventory March 2015 Inventory Months of Inventory Attached Condo Single Family Grand Total 25.87 9.7 7.75 8.42 1,298 1,135 62 101 23.29 15.29 8 1,175 1,055 32 88 30.32 9.24 4.25 16.83 1,188 1,053 34 101 Inventory Levels & Months of Inventory January February March April May June July August September October November December 1000 1200 1400 1600 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Four Year Inventory History Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2011 Inventory New Listings 2012 Inventory New Listings 2013 Inventory New Listings 2014 Inventory New Listings 2015 Inventory New Listings 138 1,318 174 1,415 203 1,507 192 1,620 277 1,693 254 1,680 303 1,745 370 1,708 385 1,611 385 1,478 287 1,354 221 1,318 145 1,175 155 1,255 202 1,297 182 1,355 219 1,397 231 1,424 240 1,472 294 1,427 362 1,388 328 1,297 272 1,233 245 1,205 122 1,246 160 1,348 191 1,408 261 1,445 266 1,457 258 1,467 310 1,447 332 1,372 365 1,319 358 1,251 254 1,185 238 1,120 166 1,240 161 1,323 223 1,410 220 1,425 247 1,491 262 1,502 304 1,492 357 1,496 362 1,423 339 1,297 243 1,212 264 1,159 364 1,188 220 1,175 210 1,166 3 KEY TAKEAWAYS 1. Single family sales have made a resurgence, as pent-up buyer demand has flooded back to the market. Quarterly data shows double-digit growth in every metric except days on market. 2. With total sales decreasing year-over-year and median sales prices still greater than single-family, the townhouse market might still have a ways to go to recovery. 3. While days on market is still a little higher than other pockets of the market, the consistency overall indicates relative stability across all product types. n/a 9.2814.699.47 2012 2013 2014 2015
  • 5. TOWN OF BLACKSBURG MARKET ANALYSIS First Quarter 2015 Market Snapshot 12% $229,000 118 12% TOTAL SALES There were 48 total sales this past quarter compared to 43 total sales in Q1 2014. This translates to a 12 % year-over-year increase. MEDIAN SALES PRICE The median sales price this past quarter was $229,000 compared to $184,000 in Q1 2014. TOTAL INVENTORY At the end of this past quarter, total inventory levels were down 16% compared to the end of Q1 2014. DAYS ON MARKET Homes sold this past quarter spent an average of 118 days on market before being sold. CONTRACTS WRITTEN There were 85 contracts written this past quarter compared to 76 in Q1 2014. This translates to a 12% year-over-year increase. MONTHS OF INVENTORY At the end of this past quarter, there were 6 months of inventory available. '10Q1 '10Q2 '10Q3 '10Q4 '11Q1 '11Q2 '11Q3 '11Q4 '12Q1 '12Q2 '12Q3 '12Q4 '13Q1 '13Q2 '13Q3 '13Q4 '14Q1 '14Q2 '14Q3 '14Q4 '15Q1 0 20 40 60 80 100 120 140 121 103 474747 87 4850 90 90 88 34 54 74 64 43 63 52 82 52 35 Five Year Sales Trend (Total Sales) 0% 25% 50% 75% 100% 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 33% 53% 37% 34% 44% 40% 13% 28% 38% 10% 15% 17% 16% 12% 28% 29% 2% 5% 5% 4% 8% 2% 2% 6% 6% 2% 6% 2% 2% Sales by Price Range 0-99,999 100K-199,999 200K-299,999 300K-399,999 400K-499,999 500K+ -16% 6
  • 6. TOWN OF BLACKSBURG MARKET ANALYSIS First Quarter 2015 Quarterly Performance & Yearly Growth TOTAL SALES AVG. LIST PRICE AVG. SALES PRICE MEDIAN SALES PRICE AVG. $/SQ.FT. AVG. DAYS ON MARKET 2015 Q1 88132265,360295,569307,32127 % Change 48.27%-1.34%-8.87%-0.87%1.31%50.00% 2014 Q1 60134291,200298,166303,35518 % Change -39.13%1.42%23.91%9.06%5.93%-41.94% 2013 Q1 98132235,000273,386286,37431 CONTRACTS WRITTEN 51 24.39% 41 -31.67% 60 TOTAL SALES AVG. LIST PRICE AVG. SALES PRICE MEDIAN SALES PRICE AVG. $/SQ.FT. AVG. DAYS ON MARKET 2015 Q1 211115170,000169,878176,2339 % Change 173.96%-2.61%4.04%-4.65%-3.77%-10.00% 2014 Q1 77118163,400178,155183,13010 % Change -31.81%1.83%-9.72%-9.10%-9.84%-37.50% 2013 Q1 113116181,000195,994203,12216 CONTRACTS WRITTEN 21 75.00% 12 -33.33% 18 TOTAL SALES AVG. LIST PRICE AVG. SALES PRICE MEDIAN SALES PRICE AVG. $/SQ.FT. AVG. DAYS ON MARKET 2015 Q1 113120112,450117,783123,82512 % Change 100.18%-11.10%2.23%-8.70%-8.14%-20.00% 2014 Q1 57135110,000129,000134,80015 % Change -70.53%7.78%10.00%26.29%25.20%114.29% 2013 Q1 192125100,000102,143107,6717 CONTRACTS WRITTEN 13 -43.48% 23 -32.35% 34 2013 2014 2015 27 18 10 16 31 12 15 7 9 Year-to-Date Sales by Property Type Single Family Attached Condo SINGLEFAMILYATTACHEDCONDO
  • 7. TOWN OF BLACKSBURG MARKET ANALYSIS First Quarter 2015 3 KEY TAKEAWAYS 1. As median price increases in Blacksburg have stalled, sales of single family homes have coincidingly increased. 2. Activity has increased across much of the market, as evidenced by a 12% rise in Contracts written, indicating that buyers are moving back into the market. 3. Six months of inventory is generally considered a "balanced" market. Given the 5.68 months of inventory currently available, it's looking as if the market is trending slightly in favor of sellers. March 2014 Total Inventory Months Of Inventory February 2015 Total Inventory Months Of Inventory March 2015 Total Inventory Months Of Inventory Detached Attached Condo All 28.9 9.0 13.0 6.9 169 54 39 76 23.0 7.0 16.0 122 23 35 64 23.0 3.0 14.7 5.3 142 24 44 74 Inventory Levels & Months of Inventory January February March April May June July August September October November December 100 120 140 160 180 200 220 Four Year Inventory History 2012 2013 2014 2015 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2011 Inventory New Listings 2012 Inventory New Listings 2013 Inventory New Listings 2014 Inventory New Listings 2015 Inventory New Listings 11 122 19 137 23 136 19 150 26 157 26 166 31 183 46 202 59 201 56 173 37 156 39 143 28 145 21 134 27 138 12 145 26 149 31 155 33 158 29 152 50 161 67 127 43 120 36 112 19 123 14 130 21 145 62 149 31 130 28 131 31 142 30 149 49 159 71 179 48 158 39 135 22 119 10 130 28 138 34 138 23 141 33 146 37 148 45 181 44 176 58 169 48 143 39 115 78 142 40 122 34 117 8.45 13.56 5.68
  • 8. TOWN OF CHRISTIANSBURG MARKET ANALYSIS First Quarter 2015 Market Snapshot TOTAL SALES There were 58 total sales this past quarter compared to 64 total sales in Q1 2014. This translates to a 9% year-over-year decrease. MEDIAN SALES PRICE The median sales price this past quarter was $167,500 compared to $165,000 in Q1 2014. -9% $167,500 -14% TOTAL INVENTORY At the end of this past quarter, to- tal inventory levels were down 14% compared to the end of Q1 2014. 108 DAYS ON MARKET Homes sold this past quarter spent an average of 108 days on market before being sold. CONTRACTS WRITTEN There were 100 contracts written this past quarter compared to 81 in Q1 2014. This translates to a 23% year-over-year increase. MONTHS OF INVENTORY At the end of this past quarter, there were 5 months of inventory available. 23% 5 '10Q1 '10Q2 '10Q3 '10Q4 '11Q1 '11Q2 '11Q3 '11Q4 '12Q1 '12Q2 '12Q3 '12Q4 '13Q1 '13Q2 '13Q3 '13Q4 '14Q1 '14Q2 '14Q3 '14Q4 '15Q1 0 25 50 75 100 125 150 112 4747 37 68 78 48 58 90 79 64 44 54 9193 92 55 55 85 45 75 Five Year Sales Trend (Total Sales) 0% 25% 50% 75% 100% 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 25%10% 10% 64% 60% 54% 69% 66% 20% 22% 22% 11% 26% 3% 4% 9% 3% 1% 1% 1%4% 2% 8% 2% Sales by Price Range 0-99,999 100K-199,999 200K-299,999 300K-399,999 400K-499,999 500K+
  • 9. TOWN OF CHRISTIANSBURG MARKET ANALYSIS First Quarter 2015 Quarterly Performance & Yearly Growth TOTAL SALES AVG. LIST PRICE AVG. SALES PRICE MEDIAN SALES PRICE AVG. $/SQ.FT. AVG. DAYS ON MARKET 2015 Q1 10491175,000177,690181,01049 % Change -3.76%-9.92%2.49%-2.90%-4.33%6.52% 2014 Q1 108101170,750182,991189,20046 % Change 65.22%4.78%5.24%10.46%9.59%43.75% 2013 Q1 6597162,250165,664172,64232 CONTRACTS WRITTEN 78 44.44% 54 -3.57% 56 TOTAL SALES AVG. LIST PRICE AVG. SALES PRICE MEDIAN SALES PRICE AVG. $/SQ.FT. AVG. DAYS ON MARKET 2015 Q1 13295150,000148,011152,6119 % Change -0.81%3.13%0.74%-3.22%-2.59%-47.06% 2014 Q1 13492148,900152,933156,66517 % Change 70.40%-8.28%9.08%3.41%2.38%54.55% 2013 Q1 78101136,500147,891153,02711 CONTRACTS WRITTEN 21 -12.50% 24 50.00% 16 TOTAL SALES AVG. LIST PRICE AVG. SALES PRICE MEDIAN SALES PRICE AVG. $/SQ.FT. AVG. DAYS ON MARKET 2014 Q4 35148267,000264,667272,4673 % Change 2014 Q1 115169182,000182,000199,9001 % Change -82.71%-3.20%-37.24%-37.24%-38.47%0.00% 2013 Q1 665174290,000290,000324,9001 CONTRACTS WRITTEN 1 -66.67% 3 200.00% 1 2013 2014 2015 17 49 46 11 32 9 1 1 Year-to-Date Sales by Property Type Single Family Attached Condo SINGLEFAMILYATTACHEDCONDO 2015 Q1 0 0 0 0 0 0 n/a n/a n/a n/a n/a n/a
  • 10. TOWN OF CHRISTIANSBURG MARKET ANALYSIS First Quarter 2015 March 2014 Inventory Months of Inventory February 2015 Inventory Months of Inventory March 2015 Inventory Months of Inventory Detached Attached Condo All 13.22 7.17 6.05 178 2 43 133 19.31 11.67 7.64 146 4 35 107 16.52 12 4.52 153 4 36 113 Year-to-Date Sales by Property Type January February March April May June July August September October November December 0 50 100 150 200 Four Year Inventory History 2012 2013 2014 2015 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2011 Inventory New Listings 2012 Inventory New Listings 2013 Inventory New Listings 2014 Inventory New Listings 2015 Inventory New Listings 15 151 24 161 34 173 31 193 33 202 40 212 42 227 50 243 55 228 61 215 46 204 50 185 24 117 26 130 26 140 33 142 28 139 27 155 22 173 52 179 69 161 40 153 47 152 30 134 19 155 27 174 33 181 39 180 55 183 42 185 54 184 57 165 75 155 47 132 44 126 46 111 30 154 24 158 44 183 42 190 43 199 30 213 46 218 53 219 71 207 58 178 38 167 54 155 62 153 41 146 29 151 3 KEY TAKEAWAYS 1. 6 out of 10 sales in Christiansburg are priced between $100,000-$200,000, making it the overwhelming sweet spot of the Christiansburg market. 2. A bump in new inventory in March is reminiscent of years past, indicating we're entering Q2 squarely in the spring market. 3. Attached homes are a large segment of the market in Christiansburg. No month-over-month sta- tistical change in this sector's inventory suggests this segment is oversaturated. 6.36 8.59 5.46 n/a n/a n/a
  • 11. MONTGOMERY COUNTY MARKET ANALYSIS First Quarter 2015 TOTAL SALES There were 45 total sales this past quarter compared to 43 total sales in Q1 2014. This translates to a 5% year-over-year increase. 5% $265,000 -8% 106 29% 8 '10Q1 '10Q2 '10Q3 '10Q4 '11Q1 '11Q2 '11Q3 '11Q4 '12Q1 '12Q2 '12Q3 '12Q4 '13Q1 '13Q2 '13Q3 '13Q4 '14Q1 '14Q2 '14Q3 '14Q4 '15Q10 20 40 60 80 100 120 109 47 67 47 68 59 64 34 64 46 81 61 23 43 43 43 52 22 45 35 65 Five Year Sales Trend (Total Sales) MEDIAN SALES PRICE The median sales price this past quarter was $265,000 compared to $155,000 in Q1 2014. Quarterly Performance & Yearly Growth TOTAL SALES AVG. LIST PRICE AVG. SALES PRICE MEDIAN SALES PRICE AVG. $/SQ.FT. AVG. DAYS ON MARKET 2015 Q1 106111265,000271,133279,41145 % Change -11.62%19.27%70.97%48.90%47.21%4.65% 2014 Q1 12093155,000182,085189,79943 % Change -0.31%-8.39%-19.69%-22.13%-22.17%0.00% 2013 Q1 120101193,000233,820243,85943 CONTRACTS WRITTEN 71 29.09% 55 -33.73% 83 TOTAL INVENTORY At the end of this past quarter, to- tal inventory levels were down 8% compared to the end of Q1 2014. DAYS ON MARKET Homes sold this past quarter spent an average of 106 days on market before being sold. CONTRACTS WRITTEN There were 71 contracts written this past quarter compared to 55 in Q1 2014. This translates to a 29% year-over-year increase. MONTHS OF INVENTORY At the end of this past quarter, there were 8 months of inventory available. Market Snapshot
  • 12. FLOYD COUNTY MARKET ANALYSIS First Quarter 2015 TOTAL SALES There were 800 total sales this past quarter compared to 465 total sales in Q1 2014. This tran.. MEDIAN SALES PRICE The median sales price in the Wilmington MSA this past quarter was $220,000 compared to $21.. Quarterly Performance & Yearly Growth '10Q1 '10Q2 '10Q3 '10Q4 '11Q1 '11Q2 '11Q3 '11Q4 '12Q1 '12Q2 '12Q3 '12Q4 '13Q1 '13Q2 '13Q3 '13Q4 '14Q1 '14Q2 '14Q3 '14Q4 '15Q10 10 20 30 40 17 17 20 10 20 20 14 2424 14 26 21 1111 13 2323 22 2525 9 Five Year Sales Trend (Total Sales) TOTAL SALES AVG. LIST PRICE AVG. SALES PRICE MEDIAN SALES PRICE AVG. $/SQ.FT. AVG. DAYS ON MARKET 2015 Q1 20792142,975173,161190,92914 % Change 46.91%15.10%19.20%27.38%31.42%-30.00% 2014 Q1 14180119,950135,935145,28020 % Change -32.79%-15.10%-2.08%1.89%3.44%42.86% 2013 Q1 21094122,500133,410140,45014 CONTRACTS WRITTEN 17 -45.16% 31 93.75% 16 TOTAL INVENTORY At the end of this past quarter, total inventory levels were up ___% compared to the end of Q1.. DAYS ON MARKET Homes sold this past quarter spent an average of 122 days on market before being sold. CONTRACTS WRITTEN There were ___ contracts written this past quarter compared to ___ in Q1 2014. This translates to a .. MONTHS OF INVENTORY At the end of this past quarter, there were ___ months of inven- tory available. -30% $142,975 -5% 207 -45% 16 Market Snapshot
  • 13. GILES COUNTY MARKET ANALYSIS First Quarter 2015 Market Snapshot 10% $105,000 141 10% 5% 12 '10Q1 '10Q2 '10Q3 '10Q4 '11Q1 '11Q2 '11Q3 '11Q4 '12Q1 '12Q2 '12Q3 '12Q4 '13Q1 '13Q2 '13Q3 '13Q4 '14Q1 '14Q2 '14Q3 '14Q4 '15Q10 10 20 30 40 50 17 40 2828 20 30 1919 24 26 16 41 21 31 31 33 23 42 22 22 35 Five Year Sales Trend (Total Sales) TOTAL SALES AVG. LIST PRICE AVG. SALES PRICE MEDIAN SALES PRICE AVG. $/SQ.FT. AVG. DAYS ON MARKET 2015 Q1 14178105,000123,120137,46422 Quarterly Performance & Yearly Growth % Change 20.78%10.97%-5.19%0.57%6.17%10.00% 2014 Q1 11771110,750122,420129,48020 % Change 0.16%-16.89%-19.75%-17.25%-17.49%5.26% 2013 Q1 11685138,000147,942156,92119 CONTRACTS WRITTEN 32 10.34% 29 -6.45% 31 TOTAL SALES There were 22 total sales this past quarter compared to 20 total sales in Q1 2014. This translates to a 10% year-over-year increase. MEDIAN SALES PRICE The median sales price this past quarter was $105,000 compared to $110,750 in Q1 2014. DAYS ON MARKET Homes sold this past quarter spent an average of 141 days on market before being sold. TOTAL INVENTORY At the end of this past quarter, to- tal inventory levels were up 5% compared to the end of Q1 2014. CONTRACTS WRITTEN There were 32 contracts written this past quarter compared to 29 in Q1 2014. This translates to a 10% year-over-year increase. MONTHS OF INVENTORY At the end of this past quarter, there were 12 months of inventory available.
  • 14. RADFORD CITY MARKET ANALYSIS First Quarter 2015 TOTAL SALES There were 16 total sales this past quarter compared to 18 total sales in Q1 2014. This translates to a 11% year-over-year decrease. MEDIAN SALES PRICE The median sales price this past quarter was $137,950 compared to $118,200 in Q1 2014. Quarterly Performance & Yearly Growth '10Q1 '10Q2 '10Q3 '10Q4 '11Q1 '11Q2 '11Q3 '11Q4 '12Q1 '12Q2 '12Q3 '12Q4 '13Q1 '13Q2 '13Q3 '13Q4 '14Q1 '14Q2 '14Q3 '14Q4 '15Q10 10 20 30 40 50 27 27 18 18 20 20 28 39 19 34 1616 11 41 21 31 13 33 35 35 15 Five Year Sales Trend (Total Sales) TOTAL SALES AVG. LIST PRICE AVG. SALES PRICE MEDIAN SALES PRICE AVG. $/SQ.FT. AVG. DAYS ON MARKET 2015 Q1 12581137,950129,769137,97816 % Change 2.95%-1.26%16.71%-1.27%1.60%-11.11% 2014 Q1 12282118,200131,444135,80318 % Change -3.40%13.10%-5.44%4.37%2.72%20.00% 2013 Q1 12672125,000125,940132,20715 CONTRACTS WRITTEN 28 21.74% 23 4.55% 22 TOTAL INVENTORY At the end of this past quarter, total inventory levels were down 2% compared to the end of Q1 2014. CONTRACTS WRITTEN There were 28 contracts written this past quarter compared to 23 in Q1 2014. This translates to a 22% year-over-year increase. DAYS ON MARKET Homes sold this past quarter spent an average of 125 days on market before being sold. MONTHS OF INVENTORY At the end of this past quarter, there were 12 months of inventory available. -11% $137,950 -2% 125 22% 12 Market Snapshot
  • 15. PULASKI COUNTY MARKET ANALYSIS First Quarter 2015 17% Market Snapshot $118,500 126 22% -7% 8 '10Q1 '10Q2 '10Q3 '10Q4 '11Q1 '11Q2 '11Q3 '11Q4 '12Q1 '12Q2 '12Q3 '12Q4 '13Q1 '13Q2 '13Q3 '13Q4 '14Q1 '14Q2 '14Q3 '14Q4 '15Q10 20 40 60 80 100 47 68 80 48 49 5454 5454 41 71 61 71 41 31 53 33 52 5252 55 Five Year Sales Trend (Total Sales) Quarterly Performance & Yearly Growth TOTAL SALES AVG. LIST PRICE AVG. SALES PRICE MEDIAN SALES PRICE AVG. $/SQ.FT. AVG. DAYS ON MARKET 2015 Q1 12677118,500134,481139,96161 % Change -4.87%8.52%6.28%17.34%16.05%17.31% 2014 Q1 13271111,500114,609120,60552 % Change 16.83%-6.21%6.19%-1.71%-1.21%26.83% 2013 Q1 11375105,000116,606122,08541 CONTRACTS WRITTEN 83 68 22.06% 54.55% 44 TOTAL SALES There were 61 total sales this past quarter compared to 52 total sales in Q1 2014. This translates to a 17% year-over-year increase. MEDIAN SALES PRICE The median sales price this past quarter was $118,500 compared to $111,500 in Q1 2014. TOTAL INVENTORY At the end of this past quarter, total inventory levels were down 7% compared to the end of Q1 2014. DAYS ON MARKET Homes sold this past quarter spent an average of 126 days on market before being sold. CONTRACTS WRITTEN There were 83 contracts written this past quarter compared to 68 in Q1 2014. This translates to a 22% year-over-year increase. MONTHS OF INVENTORY At the end of this past quarter, there were 8 months of inventory available.