Scott P. Rogers
Funkhouser Real Estate Group
540-578-0102  •  email
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Saturday, January 21, 2012
Attached vs Detached

Detached home = single family home
Attached home = duplex, townhouse, condominium

So, which property type has shown a stronger performance over the past 11 years in Harrisonburg and Rockingham County?
  • Attached homes maintained their value for longer before starting to decline.
  • Attached homes have increased more in value over the past 11 years.
  • Attached homes have seen a smaller decline since their peak.

But despite all of this, I believe the detached home market will be a stronger performer over the next five years, because:

  • Demand for (sales of) detached homes increased 12% in 2011.
  • Demand for (sales of) attached homes decreased 17% in 2011.