Fall is here which means the leaves are turning maroon and orange and the third quarter has come to a close. Here at Nest, that also means we are excited to release the Q3 2017 New River Valley Nest Report. The market’s performance this past quarter was consistent with the trends we experienced in the first…
SALES SURGE AS INVENTORY DIPS IN THE FIRST QUARTER We’ve just released the First Quarter 2016 Nest Market Report for the New River Valley. Across our market, buyer demand remained strong as total sales increased significantly in most segments of the market. Inventory levels also declined in most segments of the market, which will likely…
CURRENT Asheville Real Estate CONDITIONS STRONGLY FAVOR SELLERS We’ve just released the First Quarter 2016 Nest Market Report for the Asheville area. Extremely low inventory levels were a pervasive trend across our market this past quarter which played a role in constraining sales. The lack of inventory pushed median sales prices upward to $216,900 this past quarter…
We are Moving into a seller’s market. We’ve just released the First Quarter 2016 Nest Market Report for the Charlottesville area. Declining inventory levels continue to be the pervasive trend, limiting total sales in most segments of the market. If inventory continues to remain limited, we may see significant price increases, which would swing the market in favor…
Good news, C’ville! Latest reports show that property values in Charlottesville continue to rise. According to a recent article by the Daily Progress, Charlottesville property values have been assessed at a 4.5 percent increase. What’s to thank for the good news? According to City Assessor Jeff Davis, the rise in property values is, “reflective of an improving…
Stable news is good news. We’ve just released the Third Quarter 2015 Nest Market Report for the Charlottesville area. All indicators point to a stable market. Here are some highlights: Charlottesville MSA Total sales levels for 2015’s third quarter are flat, year-over-year. Inventory levels are at a four-year low. Quality homes continue to sell quickly, averaging 74…
Is there a stabilizing housing market in Crozet? Nester David Ferrall tackles this question in a recent market analysis article published in The Crozet Gazette. As a longtime Associate Broker in Albemarle County, David views the market report through experienced eyes and offers an educated insight into how the market is changing and what that means…