After lots and lots of reading, writing, and ‘rithmetic, the 2013 Annual Nest Report is out and finally available! The Nest Report is our look, quarterly and annually, at what’s happening in the New River Valley real estate market. No bull, just a look at the numbers …
Some highlights:
- Median prices are up throughout the Metropolitan Statistical Area
- Days on Market are down
- Inventory levels are down
Overall, positive trends throughout the New River Valley. The challenges we’ve faced have in most cases eased, although there are still pockets of the New River Valley that continue to lag behind. Some of that may change with time, but only time will tell. In the case of products like town homes, supply cannot continue to outpace demand, and condos are following the same path, with buyers finding financing to be difficult. Some of that may ease, and some may be a challenge for a while going forward. Nevertheless, things have improved in the New River Valley in 2013, and 2014 seems to be continuing on the same trend. Take a look through the report below, and if you’d like to receive our quarterly Nest Reports, by email, let me know and I’ll get you signed up!
It was a good year for the New River Valley real estate market, both the residential and the commercial property market remain buoyant. It was also a good year for Nest Realty. Among our four offices – now five, including our office in Asheville, NC – we saw sales climb to $315 million, and Inc.com naming us as one of the fastest growing real estate companies in the country. We are grateful for the opportunity to work with each of you in the communities we serve. Thank you – We live where we love.