Building Lots Are Selling Slowly, So Where Are They Selling?


Building Lots Are Selling Slowly, So Where Are They Selling?
By Scott Rogers • January 18, 2011
The pace of lot sales (of less than an acre) has declined significantly in Harrisonburg and Rockingham County over the past several years, from a high of 408 lot sales in 2004 down to only 58 lot sales in 2009. We did see a slight increase in 2010, up to 63 lot sales. So where were these 63 lots that sold in Harrisonburg and Rockingham County during 2010? BELMONT ESTATES: (4) lot sales between $74k and $90k view active listings in Belmont Estates BLUE STONE HILLS: (1) lot sale at $51k view active listings in Blue Stone Hills CROSSROADS FARM: (6) lot sales between $80k and $155k view active listings in Crossroads Farm GREAT OAKS: (1) lot sale at $65k view active listings in Great Oaks HARMONY HEIGHTS: (1) lot sale at $86k view active listings in Harmony Heights LAKE POINTE: (1) lot sale at $68k view active listings in Lake Pointe MAGNOLIA RIDGE: (12) lot sales between $55k and $84k view active listings in Magnolia Ridge MASSANUTTEN RESORT: (6) lot sales between $10k and $32k view active listings in Massanutten Resort MEADOWBROOK: (1) lot sale at $61k view active listings in Meadowbrook MONTE VISTA ESTATES: (1) lot sale at $80k view active listings in Monte Vista Estates OVERBROOK: (2) lot sales at $60k view active listings in Overbrook STONE SPRING MANOR: (4) lot sales between $29k and $39k view active listings in Stone Spring Manor THE CROSSINGS: (3) lot sales between $50k and $55k view active listings in The Crossings WOODBRIDGE: (2) lot sales between $37k and $50k view active listings in Woodbridge There were several other lot sales during 2010, that were not in subdivisions. Let me know if you have any questions about the building lot market in Harrisonburg and Rockingham County. Receive Updates by Email Recent Articles: Improving Your Home Might Make More Sense Than Selling And Buying Buying A Home In Harrisonburg When You Do Not Yet Live Here Is Particularly Difficult Right Now An Absence Of Competing Listings In A Broad Price Range Does Not Mean You Can (Or Should) Round Your List Price Up To The Top Of That Range The First Buyer To Make An Offer Will Likely Not Include An Escalation Clause, At Least Not At First Home Buyers Seem To Be Drawing The Line In A More Rational Place Now When Making Offers Buy A House For Yourself, Not The Next Owner Home Sellers Will Not Voluntarily Sell Their Homes For Lower Prices Because Of Higher Interest Rates Unless Competition Forces Them To Do So Homes Are Still Selling Quickly, So You Should Know (Or Think About) Where You Are Going Next Before You List Your Home For Sale Are You Ready To Sell Your Rental Property? Should We Let Buyers View Your Home Before It Hits The Market?
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through May 31, 2023 (unless otherwise noted).
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