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The Nest Report

Our Nest Report Blog is a platform to educate the public about the changing real estate markets in Charlottesville, New River Valley, and Hampton Roads. Our team of agents contributes timely market updates and statistics, as well as hyper-local news and information for each community.

Category Archives: Charlottesville

Charlottesville Area Real Estate Market Report: Q1 2011

After a wild ride in 2010, the first quarter of 2011 was a relatively uneventful time.  But we’re not complaining.  The market is showing signs of improvement.  Overall, sales were up in Q1 2011 as compared to Q1 2010.  In fact, this was the best first quarter in terms of sales since 2008. Single family [...]

February 2011 Charlottesville Region Real Estate Market Update

Overall sales for Central Virginia increased slightly in February 2011 as compared to last February. Single Family sales were steady with 91 sales – up one from last year. Attached and condo sales were relatively steady – dropping slightly from 26 to24. In addition, inventory levels decreased slightly – down 2% for single family homes and down 12% [...]

January 2011 Charlottesville Area Real Estate Market Report

After a slow Fall, the year has gotten off to a decent start. Sales in January were up year-over-year as compared to the last 2 years and 2011 represented the most January sales since 2008. In fact, every Area – with the exception of Fluvanna County – was up over January 2010. Along those same lines, Months [...]

RiverBluff Video

We have just completed another community video, one which we are very proud of. Nest has been very honored to represent the developers in this fantastic project. There are lots available for custom construction, as well as some new construction that has been completed and another project under construction. While we are big proponents of [...]

4th Quarter 2010 Charlottesville Real Estate Market Report

The 2010 Central Virginia real estate market was the tale of two halves. The first half was pretty good: sales were up, inventory levels were steady, buyer interest was frantic in some neighborhoods, it wasn’t uncommon to hear about multiple offer situations. Total home sales were actually up year-over-year during the first 6 months of [...]

Nest Realty’s December 2010 Charlottesville Real Estate Market Snapshot

Check out our December 2010 Charlottesville Real Estate Market Snapshot. Overall, sales dipped again (down 32%) in November 2010 from November 2009.  This marks the 5th straight month of year-over-year sales declines.  Surprisingly enough, although total sales were down 32%, the total volume of transactions was down much less (about 15%).  Several large purchases pushed [...]

October 2010 Charlottesville Real Estate Update: Shield Your Eyes

Let me first throw out the disclaimer that we are desperately searching for good news in the Charlottesville area real estate market.  At Nest, we’ve earned the reputation of being honest: there’s no sugarcoating in our conversations with clients.  But we’d be lying if we weren’t using our magnifying glasses just a little to see [...]

Barack Obama is Coming to Charlottesville This Friday

We know that you’re going to be short on time, as the gates open at 5pm at the Charlottesville Pavilion for your rally with Tom Perriello .

…Assuming you arrive at our lovely airport, CHO , and that you’ll have a fun motorcade which won’t affect Charlottesville traffic on a Friday afternoon at all … you’ll probably make good time getting to Downtown Charlottesville. … We read that you like chili and pizza , and while there are great pizza places on the Downtown Mall , Fridays are Chicken and Dumplings day at Eppies, and it’s one of our favorite meals. … The Avett Brothers played there last week, and the Pavilion has hosted Willie Nelson, Widespread Panic, Crosby Stills and Nash, Sheryl Crow and Garrison Keillor, but we think you’ll be able to hold your own.

August 2010 Central Virginia Homes Sales Drop…But Not As Much as July.

So, we’ve had a lot of negative real estate news recently.  Over the last month, we’ve looked at dismal home sales in Charlottesville, Albemarle and Central Virginia in July.  Last week, we got the NAR report on July home sales.  And now, as we turn the calendar to September, we see the home sales continue [...]

Charlottesville Home Sales Look Better Than They Feel

We spend a lot of time looking at stats at Nest. We also spend a lot of time talking amongst ourselves about how the market ‘feels.’ The general consensus among our agents is that the market feels pretty soft…and we have some statistics to back up that feeling. For example, market-wide, showings are down showings are [...]