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The Nest Report

Nest Realty's blog, The Nest Report, is a platform to educate the public about the changing Charlottesville real estate market, including community news, industry updates, market reports, and all of the great things Charlottesville, Albemarle County, and Central Virginia have to offer.
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Category Archives: Market Reports

700 Locust Avenue Featured in The Hook’s ‘On The Block’

Nest Realty’s Laura Winn Smith’s listing on Locust Avenue has been featured in this week’s edition of The Hook’s On The Block section.
This home is conveniently located in the Martha Jefferson neighborhood of Charlottesville, just steps from the Martha Jefferson site and Charlottesville’s Downtown Mall.
Check out what The Hook had to say about this gem…
The house [...]

Good News for the Charlottesville Real Estate Market?

With the exception of a small few, every homeowner in Charlottesville and throughout the country is looking for positive real estate news.  As compared to 2009 – when there wasn’t much – we’re starting to see some good news starting to trickle in…and that’s a good thing.
REAL Trends just reported that Long and Foster reported [...]

Charlottesville Market Snapshot: January 2010 Albemarle Detached Homes

Albemarle County detached home sales continue to suffer a bit, according to January Charlottesville home sale stats.  Average sale price and median sales price fell from both 2008 and 2009 levels, while Days on Market increased over 42 days from 2009 levels.
However, there were some positive signs.  January sales of Albemarle single family homes increased [...]

Year-End Nest Report Released

Nest have released our year-end Nest Report, what we believe to be the most “comprehensive and transparent analysis of the residential real estate market in Charlottesville, Albemarle and surrounding counties, prepared quarterly by Nest Realty Group.” Download your copy here – 2009 Year End Nest Realty Group Nest Report (PDF) Please let us know what questions, comments or clarifications you have. Jim Duncan is one of the founding partners of Nest, Associate Broker and is a Charlottesville Realtor who writes at RealCentralVA , RealCrozetVA and AgentGenius .

Charlottesville and Albemarle Real Estate Focus: Inventory Levels

I was watching a great video recently featuring real estate guru Steve Harney.  Steve is a mastermind in real estate trends…and even more masterful in taking complicated economic data and simplifying it for everyone to understand (including me, the Uva English major).  I’ve had the fortune to see him speak twice in the last six [...]

Charlottesville Condominium Market Statistics

Of all of the real estate options in the Country, condominiums may have been hit the hardest over the last few years.  As the Charlottesville real estate market heated up in 2004 and 2005, developers and investors swarmed to purchase apartment buildings to convert them to Condominiums in hopes of cashing in on the real [...]

Help Save the Crozet Library

Many of you have heard about the possibility that the Crozet library could be shut down because of budget cuts.  Jim Duncan has reported it on his Crozet real estate blog, RealCrozetVA, and his Charlottesville real estate blog, RealCentralVA.  You can read more about it The Hook, Charlottesville Newsplex, and Daily Progress.
One of the commenters on [...]

Charlottesville Real Estate Market Statistics

Now let’s take a look at some market statistics for single family detached homes in the City of Charlottesville.  In real estate, we talk a lot about ‘Location. Location. Location.’  Typically, property values hold their values more in areas that are located closer to urban and employment centers.  Charlottesville is definitely the cultural and economic [...]

Western Albemarle Home Sales History

Single family home sales in Western Albemarle (which includes Ivy and Crozet) seem to be showing some positive signs over the last few months. Total sales per month were higher in 4 of the last 5 months of 2009 as compared to 2007 and 2008 sales.
A few more quick Charlottesville real estate statistics:
- November [...]

Charlottesville Real Estate Market Stats: One Year Moving Median

At Nest Realty, we always spend time analyzing Charlottesville real estate market statistics to see what has happened, what is happening, and what may happen within our local market.  We’ve been taking a look at moving averages and moving medians in our market recently.  It’s always telling to look back at these charts and see [...]