VIRGINIA’S NEW RIVER VALLEY – Nest Realty has officially published their 2018 annual report for Virginia’s New River Valley, which may indicate the start of a re-balanced housing market in the region.
There is nothing to suggest that the real estate market will crash, as it did in 2008, but buyers might be re-gaining some leverage. Overall, the median housing price went up, and the number of sales went down.
Nest Realty says the NRV housing market is “slow and steady,” which can help both buyers and sellers avoid mistakes. Read more about why Nest says the real estate market in Virginia’s New River Valley remains strong: https://www.nestrealty.com/blog/wp-content/uploads/2019/01/2018AnnualReport_NRV-web.pdf
Virginia’s New River Valley: Virginia’s New River Valley is an eclectic mix of interconnected small towns that each offer their own unique vibe and appeal. The region provides an abundance of cultural and social offerings due to the presence of three world-class universities, while retaining the charm and benefits of small town living. The NRV is home to a diverse and innovative business community with companies that range from high-tech startups to foreign-based corporations to specialty agribusiness. These organizations benefit from the collaborative spirit of our region and a loyal, highly-skilled, and educated workforce. The scenic beauty of the region also fosters a deep connection to nature, which is deepened by access to outdoor recreation and the preservation of our natural environment. It’s clear why Virginia’s New River Valley is “A Natural Fit.”