nest report 2011: charlottesville real estate overview

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2012 ANNUAL REAL ESTATE REPORT

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Welcome to the 2011 edition of the Annual Nest Report, overviewing the Charlottesville area real estate market in 2011. In the 2011 Annual Report, you'll get a snapshot of the regional real estate market and how the different sub-sections of the market fared compared to years past. For more in-depth analysis, please contact a Nest Associate. www.NestRealty.com

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Page 1: Nest Report 2011: Charlottesville Real Estate Overview

2012 ANNUAL REAL ESTATE REPORT

Page 2: Nest Report 2011: Charlottesville Real Estate Overview

As we turn the page on another year, it’s always interesting to

look back and learn from what we’ve seen. Overall, 2011 was

a fairly uneventful year in the Charlottesville area real estate

market. Sales were down - though slightly. Median prices were

down - though just by a few percentage points. And Days on

Market and Months of Inventory were relatively unchanged.

But in reality, the uneventfulness of 2011 is actually a positive

sign. After a several year stretch of ‘the sky is falling’ reports

from the media (and sometimes from us), the fact that our region’s

overall sales numbers are flat and there are no major downward

spikes represents a potential positive shift.

We think that 2012 could be the year that we start to see some

stability return to our market.

At Nest, we have been fortunate to not just make it through the

last few years in real estate, but actually thrive. We continue

to help our cl ients navigate this tr icky and ever-changing

marketplace by providing a high level of service and truly knowing

the market.

One of the ways we help our clients make informed decisions is

by studying the market. Our monthly and quarterly reports have

been so well-received that we decided we’d compile an Annual

Report for our friends and clients.

So, we hope you enjoy the first edition of the Nest Realty Annual

Report. And here’s to the market continuing to improve in 2012...

Page 3: Nest Report 2011: Charlottesville Real Estate Overview

N ESure we help people buy and se l l rea l estate l ike other

brokerages. That’s what we do. But the reason why we do that

is because we believe the real estate experience is often a

gateway to the next chapter of your life. The process should be a

happy one. Fun. Moving. And exhilarating. It is for us and we love

sharing it with our clients.

The average number of years in real estate for a Nest Associate: 11

Number of Nest Associate hours volunteered in 2011: 1500+

DAYS ON MARKET FOR SOLD PROPERTIES IN 2010 AND 2011

Nest Realty CharlottesvilleArea Assoc Realtors

120

30

60

90

120

90119

TOTAL SALES

2008 2009 2010

0

50

100

150

200

250

300

2011

5.5

82.5

152.5

303TOTAL VOLUME

2008 2009 2010 2011

$1,000,000

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

$70,000,000

$80,000,000

$90,000,000

1,857,500

28,085,866

48,367,528

80,779,303

S TCHARLOTTESVILLE

NEW RIVER VALLEYHAMPTON ROADS

VIRGINIA

In 2010 and 2011, Nest Realty sold it ’s

l ist ings for 3% more than the average

listings in the Charlottesville region.

(97% of list price vs. 94%)

Nest Associates closed more than 2x as

many homes as the average Charlottesville

area agent.

Page 4: Nest Report 2011: Charlottesville Real Estate Overview

We took all of our agent’s recommendations. We

cleaned, we patched, we painted, we landscaped,

we scrubbed and stained decks and porches.

We knew we needed professional assistance -

someone to listen and advise and help us develop a

plan we could follow. We collaboratively decided to

price the home right from the first day, had an offer

in just over two weeks, and our house was under

contract in three weeks!

- Steinar and Liz Knutsen

LIVE WHERE YOU LOVE

Page 5: Nest Report 2011: Charlottesville Real Estate Overview

TOTAL SALES

2007 2008 2009 2010

1,750

2,000

2,225

2,500

2,750

3,000

3,250

CHARLOTTESVILLE AREA MSA

2011

3,112

2,4412,289 2,341 2,312

TREND FLAT

MONTHS OF INVENTORY

2007 2008 2009 2010

9

10

11

12

13

14

15

2011

10.15

13.91

14.513.95

13.3

TREND

* The Charlottesville Area MSA consists of the City of Charlottesville, Albemarle, Fluvanna, Greene, Louisa, and Nelson

Median Price $

Days on Market $

Avg List Price $

Avg Sale Price $

Months of Inventory

Total Volume $

Total Sales

2011 % 2010 % 2009

2,312 -1.24% 2,341 2.27% 2,289

245,425 -3.75% 255,000 -1.32% 258,400

146 0.00% 146 1.39% 144

320,034 -5.54% 338,803 -1.70% 344,647

304,377 -5.85% 323,275 -1.18% 327,125

13.3 -4.66% 13.95 -3.79% 14.5

703,720,533 -7.01% 1.07%756,787,686 748,791,360

SALES BY TYPE 2011

AREA ANALYSIS FOR CHARLOTTESVILLE, ALBEMARLE, AND MSA

Single Family 1745

Condo 244

Attached 323

MEDIAN PRICE

2007 2008 2009 2010

$230,000

$240,000

$250,000

$260,000

$270,000

$280,000

$290,000

2011

289,000

280,000

258,400255,000

245,425

TREND

INVENTORY LEVELS

2007 2008 2009 2010

2,500

2,550

2,600

2,650

2,700

2,750

2,800

2011

2,663

2,7952,766

2,723

2,563

TREND

SALES BY PRICE POINT $0-199,999 $200,000-399,999 $400,000-599,999 $600,000-799,999 $800,000+

2011

2010

2009

0% 25% 50% 75% 100%

28% 54% 11% 4% 4%

29% 51% 12% 4% 4%

35% 45% 13% 4% 3%

Page 6: Nest Report 2011: Charlottesville Real Estate Overview

TOTAL SALES

2007 2008 2009 2010

350

400

450

500

550

600

650

CITY OF CHARLOTTESVILLE

2011

644

562

450

377400

TREND

MONTHS OF INVENTORY

2007 2008 2009 2010

7

8

9

10

11

12

13

2011

8.348.79

9.81

12.03

9.42

TREND

Median Price $

Days on Market $

Avg List Price $

Avg Sale Price $

Months of Inventory

Total Volume $

Total Sales

2011 % 2010 % 2009

400 6.10% 377 -16.22% 450

230,000 -6.12% 245,000 -0.71% 246,750

138 1.47% 136 7.09% 127

295,000 -8.33% 321,791 9.58% 293,653

278,073 -8.88% 305,161 8.70% 280,741

9.42 -21.70% 12.03 22.63% 9.81

111,229,588 -3.32% -8.93%115,045,943 126,333,728

SALES BY TYPE 2011CHARLOTTESVILLE

Single Family 270

Condo 95

Attached 35

MEDIAN PRICE

2007 2008 2009 2010

$220,000

$230,000

$240,000

$250,000

$260,000

$270,000

$280,000

2011

280,000

265,508

246,750 245,000

230,000

TREND

INVENTORY LEVELS

2007 2008 2009 2010

300

325

350

375

400

425

450

2011

448

412

368378

314

TREND

SALES BY PRICE POINT $0-199,999 $200,000-399,999 $400,000-599,999 $600,000-799,999 $800,000+

2011

2010

2009

0% 25% 50% 75% 100%

29% 59% 8% 3% 2%

30% 53% 11% 3% 3%

38% 47% 9% 4% 3%

Page 7: Nest Report 2011: Charlottesville Real Estate Overview

ALBEMARLETOTAL SALES

2007 2008 2009 2010

900

1,000

1,100

1,200

1,300

1,400

1.500

2011

1,440

993

1,058 1,086

1,117

TREND

MONTHS OF INVENTORY

2007 2008 2009 2010

7

8

9

10

11

12

13

2011

8.78

13.41

12.7812.37

11.84

TREND

Median Price $

Days on Market $

Avg List Price $

Avg Sale Price $

Months of Inventory

Total Volume $

Total Sales

2011 % 2010 % 2009

1,117 2.85% 1,086 2.65% 1,058

279,620 -3.58% 290,000 1.75% 285,000

133 -4.32% 139 2.21% 136

375,536 -5.96% 399,344 -5.33% 421,814

357,737 -6.14% 381,142 -4.15% 397,629

11.84 -4.28% 12.37 -3.21% 12.78

399,592,953 -3.46% -1.61%413,920,641 420,692,019

SALES BY TYPE 2011ALBEMARLE

Single Family 738

Condo 104

Attached 275

MEDIAN PRICE

2007 2008 2009 2010

$260,000

$270,000

$280,000

$290,000

$300,000

$310,000

$320,000

2011

307,000

320,000

285,000 290,000

279,620

TREND

INVENTORY LEVELS

2007 2008 2009 2010

600

700

800

900

1,000

1,100

1,200

2011

1,054

1,1101,127 1,120

1,103

TREND FLAT

SALES BY PRICE POINT $0-199,999 $200,000-399,999 $400,000-599,999 $600,000-799,999 $800,000+

2011

2010

2009

0% 25% 50% 75% 100%

19% 55% 14% 6% 6%

21% 52% 15% 6% 6%

26% 48% 16% 6% 5%

Page 8: Nest Report 2011: Charlottesville Real Estate Overview

LIVE WHERE YOU LOVE

Page 9: Nest Report 2011: Charlottesville Real Estate Overview

MONTHS OF INVENTORY

2007 2008 2009 2010

7

8

9

10

11

12

13

2011

10

13.69

12.14

11.54

12.38

TREND

MEDIAN PRICE

2007 2008 2009 2010

$290,000

$300,000

$310,000

$320,000

$330,000

$340,000

$350,000

2011

326,500

355,000

299,950

310,000305,000

TREND

TOTAL SALES

2007 2008 2009 2010

100

125

150

175

200

225

250

Median Price $

Days on Market $

Avg List Price $

Avg Sale Price $

Months of Inventory

Total Volume $

Total Sales

2011 % 2010

189 3.28% 183

305,000 -1.61% 310,000

118 4.42% 113

366,670 5.65% 347,072

361,788 6.63% 339,291

12.38 7.28% 11.54

68,377,954 10.13% 62,090,276

CROZET

2011

223

163 164

183 189

TREND

CROZET IVY

MONTHS OF INVENTORY

2007 2008 2009 2010

10

11

12

13

14

15

16

2011

13.87

15.47

14.15

16.95

15.64

TREND

MEDIAN PRICE

2007 2008 2009 2010

$550,000

$575,000

$600,000

$625,000

$650,000

$675,000

$700,000

2011

675,000

650,000

685,000

607,500

562,500

TREND

TOTAL SALES

2007 2008 2009 2010

95

100

105

110

115

120

125

Median Price $

Days on Market $

Avg List Price $

Avg Sale Price $

Months of Inventory

Total Volume $

Total Sales

2011 % 2010

112 2.75% 109

562,500 -7.41% 607,500

164 -16.75% 197

792,103 -5.57% 838,786

730,021 -5.04% 768,783

15.64 -7.73% 16.95

81,762,463 -2.43% 83,797,366

IVY

2011

115

107

117

109

112

TREND

Page 10: Nest Report 2011: Charlottesville Real Estate Overview

MONTHS OF INVENTORY

2007 2008 2009 2010

6

7

8

9

10

11

12

2011

6.41

11.07

9.42

7.24

8.67

TREND

MEDIAN PRICE

2007 2008 2009 2010

$175,000

$200,000

$225,000

$250,000

$275,000

$300,000

$325,000

2011

310,000 318,750

269,500265,000 272,000

TREND

TOTAL SALES

2007 2008 2009 2010

125

150

175

200

225

250

275

Median Price $

Days on Market $

Avg List Price $

Avg Sale Price $

Months of Inventory

Total Volume $

Total Sales

2011 % 2010

177 -27.76% 245

272,000 2.64% 265,000

134 26.42% 106

317,119 3.80% 305,516

305,973 1.55% 301,310

8.67 19.75% 7.24

54,157,270 -26.64% 73,820,967

N. ALBEMARLE

2011

275

156

196

245

177

TREND

NORTHERN ALBEMARLE

BARRACKS

MONTHS OF INVENTORY

2007 2008 2009 2010

10

11

12

13

14

15

16

2011

11.58

14.75

11.610.94

14.16

TREND

MEDIAN PRICE

2007 2008 2009 2010

$195,000

$200,000

$205,000

$210,000

$215,000

$220,000

$225,000

2011

200,000202,150

213,942

204,350

224,500

TREND

TOTAL SALES

2007 2008 2009 2010

60

65

70

75

80

85

90

Median Price $

Days on Market $

Avg List Price $

Avg Sale Price $

Months of Inventory

Total Volume $

Total Sales

2011 % 2010

72 -10.00% 80

224,500 9.86% 204,350

145 -14.71% 170

284,300 21.93% 233,159

265,178 20.22% 220,580

14.16 29.43% 10.94

19,092,853 8.20% 17,646,456

BARRACKS

2011

87

74

90

80

72

TREND

Page 11: Nest Report 2011: Charlottesville Real Estate Overview

EARLYSVILLE

MONTHS OF INVENTORY

2007 2008 2009 2010 2011

10.94 12

20.12

15.91

28.55

TREND

MEDIAN PRICE

2007 2008 2009 2010

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000

2011

460,000486,000

427,500

392,500

292,000

TREND

TOTAL SALES

2007 2008 2009 2010

0

10

20

30

40

50

60

Median Price $

Days on Market $

Avg List Price $

Avg Sale Price $

Months of Inventory

Total Volume $

Total Sales

2011 % 2010

29 -36.96% 46

292,000 -25.61% 392,500

162 -10.50% 181

367,368 -30.19% 526,238

349,863 -28.64% 490,274

28.55 79.45% 15.91

10,146,050 -55.01% 22,552,614

EARLYSVILLE

2011

5751

31

46

29

TREND

0

5

10

15

20

25

30

Our Nest agent took a personal interest in us and

spent considerable time getting to know our living

needs and desires. Before our home settled in

Northern Virginia, we visited Charlottesville a

few days at a time and she continued to patiently

educate us on the market. We eventually found

the perfect spot in Charlottesville and purchased

the home we wanted at the right price. We have

never been happier than we are in our new home

and have referred two other family members to

Nest Realty.

- Bob and Barbara Drake

Page 12: Nest Report 2011: Charlottesville Real Estate Overview

MONTHS OF INVENTORY

2007 2008 2009 2010

10

11

12

13

14

15

16

2011

11.09

15.67 15.6615.23

13.59

TREND

MEDIAN PRICE

2007 2008 2009 2010

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000

2011

459,900

384,000

290,000312,317

281,475

TREND

TOTAL SALES

2007 2008 2009 2010

130

140

150

160

170

180

190

Median Price $

Days on Market $

Avg List Price $

Avg Sale Price $

Months of Inventory

Total Volume $

Total Sales

2011 % 2010

158 1.28% 156

281,475 -9.88% 312,317

151 -8.48% 165

416,822 -19.58% 518,319

394,663 -20.85% 498,650

13.59 -10.77% 15.23

62,356,790 -19.84% 77,789,407

KESWICK

2011

185

147

167

156 158

TREND

KESWICK

FLAT

RIO

MONTHS OF INVENTORY

2007 2008 2009 2010

6

7

8

9

10

11

12

2011

7.35

12.7212.61

11.3

7.62

TREND

MEDIAN PRICE

2007 2008 2009 2010

$220,000

$230,000

$240,000

$250,000

$260,000

$270,000

$380,000

2011

231,250 230,500

240,000

279,000

290,000

TREND

TOTAL SALES

2007 2008 2009 2010

100

110

120

130

140

150

160

Median Price $

Days on Market $

Avg List Price $

Avg Sale Price $

Months of Inventory

Total Volume $

Total Sales

2011 % 2010

159 31.40% 121

290,000 3.94% 279,000

118 -21.85% 151

314,669 3.19% 304,931

308,074 4.05% 296,082

7.62 -32.57% 11.3

48,983,910 36.73% 35,825,925

RIO

2011

160

116 118121

159

TREND

Page 13: Nest Report 2011: Charlottesville Real Estate Overview

MONTHS OF INVENTORY

2007 2008 2009 2010

5

7

9

11

13

15

17

2011

6.51

12.46 12,75

16.02

10.8

TREND

MEDIAN PRICE

2007 2008 2009 2010

$150,000

$175,000

$200,000

$225,000

$250,000

$275,000

$300,000

2011

259,900

280,000

260,000256,750

220,500

TREND

TOTAL SALES

2007 2008 2009 2010

50

100

150

200

250

300

350

Median Price $

Days on Market $

Avg List Price $

Avg Sale Price $

Months of Inventory

Total Volume $

Total Sales

2011 % 2010

221 51.37% 146

220,500 -14.12% 256,750

119 2.59% 116

263,863 -10.99% 296,437

247,582 -10.52% 276,696

10.8 -32.58% 16.02

54,715,663 36.65% 40,039,630

SOUTHSIDE

2011

335

179 175

146

221

TREND

SOUTHSIDE FLUVANNA

MONTHS OF INVENTORY

2007 2008 2009 2010

5

7

9

11

13

15

17

2011

9.9

14.07

16.05

14.04

16.03

TREND

MEDIAN PRICE

2007 2008 2009 2010

$125,000

$150,000

$175,000

$200,000

$225,000

$250,000

$275,000

2011

260,000

243,250

201,200 205,000199,900

TREND

TOTAL SALES

2007 2008 2009 2010

250

275

300

325

350

375

400

Median Price $

Days on Market $

Avg List Price $

Avg Sale Price $

Months of Inventory

Total Volume $

Total Sales

2011 % 2010

258 -15.08% 305

199,000 -2.93% 205,000

170 28.79% 132

239,544 3.60% 231,219

226,005 -0.35% 226,803

16.03 14.17% 14.04

58,535,492 -15.38% 69,174,963

FLUVANA

2011

423

318

272

305

259

TREND

Page 14: Nest Report 2011: Charlottesville Real Estate Overview

MONTHS OF INVENTORY

2007 2008 2009 2010

5

7

9

11

13

15

17

2011

11.88

16.42

14.7 13.2513.05

TREND

MEDIAN PRICE

2007 2008 2009 2010

$150,000

$175,000

$200,000

$225,000

$250,000

$275,000

$300,000

2011

285,000

260,000

245,000247,500

225,750

TREND

TOTAL SALES

2007 2008 2009 2010

125

150

175

200

225

250

275

Median Price $

Days on Market $

Avg List Price $

Avg Sale Price $

Months of Inventory

Total Volume $

Total Sales

2011 % 2010

204 -2.86% 210

225,750 -8.79% 247,500

125 5.93% 118

252,790 -6.38% 270,027

250,111 -5.16% 263,722

13.05 -1.51% 13.25

51,022,774 -7.87% 55,381,666

GREENE

2011

203

171

191

210 204

TREND

GREENE

FLAT

FLAT

LIVE WHERE YOU LOVE

Page 15: Nest Report 2011: Charlottesville Real Estate Overview

MONTHS OF INVENTORY

2007 2008 2009 2010

5

10

15

20

25

30

35

2011

18.3

26.12

33.59

24.24 23.47

TREND

MEDIAN PRICE

2007 2008 2009 2010

$175,000

$200,000

$225,000

$250,000

$275,000

$300,000

$325,000

2011

310,000300,000

276,750

260,000

225,000

TREND

TOTAL SALES

2007 2008 2009 2010

50

75

100

125

150

175

200

Median Price $

Days on Market $

Avg List Price $

Avg Sale Price $

Months of Inventory

Total Volume $

Total Sales

2011 % 2010

184 -6.12% 196

225,000 -13.46% 260,000

252 3.70% 243

304,479 -13.26% 351,018

289,014 -12.68% 320,682

23.47 -3.18% 24.24

51,522,728 -18.03% 62,853,794

NELSON

2011

194

158

140

196184

TREND

NELSON

FLAT

LOUISA

MONTHS OF INVENTORY

2007 2008 2009 2010

14

15

16

17

18

19

20

2011

16.38

18.54

19.01

17.1717.75

TREND

MEDIAN PRICE

2007 2008 2009 2010

$220,000

$230,000

$240,000

$250,000

$260,000

$270,000

$380,000

2011

231,250 230,500

240,000

279,000

290,000

TREND

TOTAL SALES

2007 2008 2009 2010

75

100

125

150

175

200

225

Median Price $

Days on Market $

Avg List Price $

Avg Sale Price $

Months of Inventory

Total Volume $

Total Sales

2011 % 2010

148 -11.38% 167

180,700 -15.95% 215,000

125 -21.88% 160

221,683 -12.08% 252,146

214,979 -11.16% 241,980

17.75 3.38% 17.17

31,816,998 -21.27% 40,410,679

LOUISA

2011

208 209

178

167

148

TREND

FLAT

Page 16: Nest Report 2011: Charlottesville Real Estate Overview

SELLER 120 RIVERBLUFF CIRCLE $395,000 BUYER 200 GARRETT STREET #505 $481,500 SELLER 517 LEXINGTON AVENUE $486,000

SELLER 1031 BRISTLECONE LANE $214,00 BUYER/SELLER 1050 OLD FOX TRAIL $320,000 BUYER 1078 OLD TRAIL DRIVE $291,920

SELLER 1325 RUGBY ROAD $1,350,000 BUYER/SELLER 1327 TILMAN ROAD $386,000 SELLER 1345 AMBER RIDGE ROAD $243,500

SELLER 2059 AVIANO WAY $400,000 SELLER 2430 RIVER RIDGE ROAD $1,350,000 SELLER 2655 STOWE COURT $560,000

SELLER 603 LEXINGTON AVENUE $604,500 BUYER 760 WALKER SQUARE #3B $178,000 BUYER 862 BELVEDERE BOULEVARD $348,563

BUYER/SELLER 1255 HEROLD CIRCLE $505,000 SELLER 1277 MOUNTAIN ROAD $500,000 BUYER/SELLER 1312 HILLTOP ROAD $870,000

BUYER/SELLER 1415 BURGESS LANE $272,000 SELLER 1820 CANDLEWOOD CT #206 $177,500 SELLER 1820 LOCUST SHADE COURT $700,000

SELLER 3005 WAVERLY DRIVE $745,000 BUYER 8023 WEST END DRIVE $439,139 SELLER 1115 LITTLE HIGHT STREET $265,000

A SAMPLING OF OUR 2012 SOLD PROPERTIES

Page 17: Nest Report 2011: Charlottesville Real Estate Overview

NEW CONSTRUCTION

TOTAL SALES

31

73

111

57

Most Popular Elementary School District for

New Homes in 2011: Brownsville Elementary

(76 Homes | 19%)

INTERESTING FACTS

Total New Home Sales: 393 With Granite Countertops: 65%

In a Home Owner’s Association: 87%

In Albemarle County: 55%

New construction made a big comeback in 2011. Here’s a look at

the area’s 4 largest builders, as well as some additional data.

TOTAL VOLUME

$12,479,669

$29,152,748

$29,423,964

$17,765,252

BUILDER

Page 18: Nest Report 2011: Charlottesville Real Estate Overview

ESTATES AND FARMS

2011 2010 2009

CHARLOTTESVILLE $800,000 - $1MM 6 20.0% 5 0.0% 5

$1MM - $1.5MM 6 20.0% 5 66.7% 3

> $1.5MM 0 -100.0% 2 100.0% 1

ALBEMARLE $800,000 - $1MM 22 -26.7% 30 11.1% 27

$1MM - $1.5MM 20 -28.6% 28 47.4% 19

> $1.5MM 11 0.0% 11 -42.1% 19

2011 2010 2009

CHARLOTTESVILLE $800,000 - $1MM $5,291,500 13.2% $4,672,500 9.4% $4,272,000

$1MM - $1.5MM $6,945,000 22.3% $5,680,000 84.5% $3,079,000

> $1.5MM 0 -100.0% $5,850,000 144.3% $2,395,000

ALBEMARLE $800,000 - $1MM $19,214,300 -27.6% $26,528,887 8.5% $24,451,798

$1MM - $1.5MM $24,910,060 -27.6% $34,428,274 54.1% $22,338,500

> $1.5MM $32,933,306 -16.7% $39,555,000 -34.5% $60,360,750

2011 2010 2009

CHARLOTTESVILLE $800,000 - $1MM 18.0 -6.3% 19.2 14.3% 16.8

$1MM - $1.5MM 12.0 -37.5% 19.2 -31.4% 28.0

> $1.5MM N/A N/A 6.0 N/A 0.0

ALBEMARLE $800,000 - $1MM 28.9 38.9% 20.8 -10.0% 23.1

$1MM - $1.5MM 29.9 -0.3% 30.0 -34.9% 46.1

> $1.5MM 82.9 15.1% 72.0 62.9% 44.2

TOTAL NUMBER OF SALES

TOTAL DOLLAR VOLUME OF SALES

MONTHS OF INVENTORY

Page 19: Nest Report 2011: Charlottesville Real Estate Overview

Choosing the right property manager is essential.

You need a property manager who serves as an

investment advisor and not simply as a rent collector.

That’s where Nest Property Management comes in.

At Nest PM, we’re taking a new approach to property

management. Gone are the days of simply accepting

applications and processing rent payments. Your

property is a valuable asset and it needs to be treated

that way. To that end, we wil l work with you to

maximize the monthly, yearly, and long term value of

your asset.

Nest Property Management specializes in residential

and commercial property management. With a

relentless focus on service and continued innovation,

Nest PM strives to be the #1 resource of management

services in the region.

Check us out online at NestRealty.com/PM to learn

more about how we can help.

Page 20: Nest Report 2011: Charlottesville Real Estate Overview

WE BELIEVE A COMMUNITY GARDEN• is a beautiful and joyful place.

• enables people to grow fresh, affordable food.

• gives families a place to share unplugged leisure time.

• c a n h e l p t r a n s f o r m a r o w o f h o u s e s i n t o a neighborhood.

• reintroduces the outdoors into the lives of people missing that daily pleasure.

• adds green space to any residential setting.

• creates opportunities for participation for the elderly, disengaged and newcomers.

• elevates underutilized or neglected land to a higher purpose.

• strengthens the connections amongst neighbors and help neighbors bridge differences.

• can serve as living classrooms to educate children, about gardening, local food supply and the environment.

• creates opportunities for interaction amongst the generations.

• can help people engage as active participants in community problem solving.

• makes people feel more vested in their home, their street, their neighborhood.

• can help make the conversation about local food issues accessible to everyone in the community.

TomsGarden.org

Tom’s Garden, an initiative of Nest Realty, promotes

community gardening in the City of Charlottesvi l le,

Albemarle County and the surrounding communities.

We give grants of “seed money” to individual and

organizations who wish to start (or improve an existing)

community garden.

WHY

Thomas Jefferson, Charlottesville’s most famous gardener,

wrote that “[Agriculture] is at the same time the most

tranquil, healthy, and independent occupation.”

We at Nest Realty Group couldn’t agree more. In addition

to sharing a profession, we share a commitment to our

community, an interest in the local food movement and

ecology, and a firm conviction that community gardens

enhance quality of life.

TOM’S GARDEN

Page 21: Nest Report 2011: Charlottesville Real Estate Overview

LIVE WHERE YOU LOVE

Page 22: Nest Report 2011: Charlottesville Real Estate Overview

GIVING BACKNot only do we work hard for our clients, we believe in

working hard to make our community better. In addition

to volunteering on numerous home owner’s associations

and our local real estate board, this is a sampling of

organizations where Nest Associates volunteered their

time in 2011.

• Peabody School• Meals on Wheels• Blue Ridge Food Bank• Rockfish Wildlife Sanctuary• The Haven• Virginia Master Well Owner’s Network• Salvation Army• TADA - Teen’s Against Dating Abuse• Tom’s Garden• United Way• Charlottesville Soup Kitchen• Building Goodness Foundation• Shelter for Help and Emergency• Congregation Beth Israel• Charlottesville Friends Meeting• Market Central• Toy Lift• Walker School Orchestra• Charlottesville Day School• Charlottesville Youth and Family Services• Music Resource Center• Live Arts• Saint Anne’s Belfield School• Folds of Honor• PACEM• Minds in Motion Program• Habitat For Humanity• Cub Scouts• Aids Service Group• Charlottesville Rail / Piedmont Rail Alliance• Henley Middle School• Young LIfe• Future Fund• pB&J Fund• Mountaintop Montessori• Foothills Child Advocacy Center• Charlottesville Alzheimer’s Association• Crozet Elementary School• Western Albemarle High School• Junior League of Charlottesville• Madison House• Charlottesville ALS• Salvation Army www.NestRealty.com

800-325-NEST (6378)

LIVE WHERE YOU LOVE

Classic Style. Contemporary Feel.Founded on the influences of Jefferson and Madison,

Charlottesville’s roots are steeped in history and rich

in tradition. But that’s just part of Charlottesville’s

story. A new movement is sweeping the region:

contemporary architecture, fresh design, and a wave

of forward-thinking entrepreneurs. So, whether you’re

searching for a classic 1920s Colonial or an urban flat,

give a Nest Associate a call. We’re here to help.

Page 23: Nest Report 2011: Charlottesville Real Estate Overview

126 Garrett Street, Suite E | Charlottesville, VA 22902 | 800-325-6378 (NEST)

www.NestRealty.com

www.facebook.com/nestrealty Twitter: @nestrealty YouTube: www.youtube.com/NestTV

Charlottesvi l le • HamptonRoads • NewRiverVal ley

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