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2013 Nest Realty New River Valley Annual Report

2013 Nest Realty New River Valley Annual Report

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Published by Jonathan Kauffmann
2013 closed out with positive trends across the board. Total sales were up. Median prices were up. Inventory dropped and days on market for sold properties were also down. With those four key indicators all trending in a positive direction in 2013, most signs point toward another active market in 2014. However, a rising interest rate environment and some changes to mortgage lending rules may serve as speed bumps towards the continued recovery of our local market. That being said, we believe the New River Valley market seems to have enough strength to handle those potential concerns in 2014.
2013 closed out with positive trends across the board. Total sales were up. Median prices were up. Inventory dropped and days on market for sold properties were also down. With those four key indicators all trending in a positive direction in 2013, most signs point toward another active market in 2014. However, a rising interest rate environment and some changes to mortgage lending rules may serve as speed bumps towards the continued recovery of our local market. That being said, we believe the New River Valley market seems to have enough strength to handle those potential concerns in 2014.

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Categories:Types, Brochures
Published by: Jonathan Kauffmann on Apr 28, 2014
Copyright:Traditional Copyright: All rights reserved

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04/28/2014

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MARKET REPORT
NEW RIVER VALLEY
 
2013 was a year of modest growth and marked stability in the New River Valley real estate market.
Low interest rates, strong consumer confdence and
more positive economic indicators all contributed to a strong year for the New River Valley’s real estate market.2013 closed out with positive trends across the board. Total sales were up. Median prices were up. Inventory dropped and days on market for sold properties were also down. With those four key indicators all trending in a positive direction in 2013, most signs point toward another active market in 2014. However, a rising interest rate environment and some changes to mortgage lending rules may serve as speed bumps towards the continued recovery of our local market. That being said, we believe the New River Valley market seems to have enough strength to handle those potential concerns in 2014.At Nest, we continue to be fortunate to have the trust of a growing number of amazing clients. Our company has continued to grow; adding an office in Fredericksburg, Virginia and hiring talented individuals who share the Nest vision.As always, we will continue to work hard to provide our clients with the highest level of service and most relevant information to help you make informed real estate decisions.Thanks again for your trust in Nest.
 
Nest Realty: 2013 in Review
TOTAL CLOSINGS: 913
Named
#882
 in the annual fastest-growing private American companies list
TOTAL SALES
$315,000,000
$275,000,000$250,000,000$225,000,000$200,000,000$175,000,000$150,000,000$125,000,000$100,000,000$75,000,000$50,000,000$25,000,000
20092010201120122013
$28,085,866$48,367,528$80,779,303$157,000,000$315,000,000
ANNUAL TOTAL SALES VOLUME
Our agent’s use of technology meant he was in regular communication with us while we went about our lives. We recommend Nest Realty to everyone we know!
- Sean and Korine

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