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.