Welcome! This blog tracks the real estate market in the Central Shenandoah Valley, featuring market data and analysis, an exploration of common buying and selling questions, and candid commentary on all things real estate.
If you are interested in discussing any of the topics on this blog, or the details of your specific real estate situation, call or e-mail me!
Newer Post | home | Older Post |
![]() |
![]() |
It is really hard (impossible?) to compete with bank owned properties |
|
Harrisonburg and Rockingham County have seen an increasing number of trustee sales (foreclosures) over the past few years.... ![]() click the image above for a larger version of the graph The yellow bars above show the increasing number of trustee sales over the past decade, as compared to the number of sales recorded in the HRAR MLS (blue bars). I am quite thankful that we have not seen as much of a surge of foreclosures as many other areas in Virginia and across the country, but the presence of these foreclosure and then bank owned properties has had a very real impact on homeowners trying to sell in the same neighborhoods as some of these foreclosed properties. Let's take a look at an example to see the impact.... Stone Spring Village is a wonderful neighborhood of single family homes near the intersection of Port Republic Road and Peach Grove Road close to an elementary school, close to the new hospital, and close to JMU. Most homes in the neighborhood are 3 to 4 bedroom homes, most are 1,500 to 2,500 square feet, and many have basements. Until recently, home values in Stone Spring Village have been relatively stable. But three foreclosures in the past year have made the Stone Spring Village market a bit more turbulent....
Which house would you choose if the following were available?
Recent Articles:
| |
![]() |
![]() |
Newer Post | home | Older Post |
Scott Rogers
Funkhouser Real
Estate Group
540-578-0102
scott@funkhousergroup.com
Licensed in the
Commonwealth of Virginia
Home Search
Housing Market Report
Harrisonburg Townhouses
Walk Through This Home
Investment Properties
Heritage Estates
The Glen at Cross Keys
The Townes at Bluestone
Cottages @ Stone Spring
Founders Way
Harrisonburg New Homes
Harrisonburg Assessments
Best Deals In Harrisonburg
Harrisonburg Foreclosures
Bank Owned Properties
Potential Short Sales
Lease/Purchase Options
Owner Financing
Property Transfers
New Listings
Recent Price Changes
Luxury Homes
Secret MRIS Listings
Secret GAAR Listing
Broadway VA Homes