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
Wednesday, October 24, 2018
Home Sales
We're only 10.75 months through the year and it has already been a record setting year for higher end home sales in Harrisonburg and Rockingham County.  As shown above, there have been 34 home sales over $500K thus far this year -- which is more than were seen in any full year in the previous 10 years.  Of note -- there were 39 home sales over $500K in 2006 (not shown) -- and only time will tell if we can beat that this year.

Home Sales
Above, I have narrowed the market a bit, looking only at home sales over $600K.  We have seen 12 such sales thus far in 2018, which already matches the full year of sales seen in 2016 and 2017.  It seems relatively unlikely that we'll get up to 19 sales as were seen in 2015.  As a side note -- only one buyer per month is paying over $600K for a home in Harrisonburg and Rockingham County, at least as recorded in the MLS.

Home Sales
And -- one last look.  The over $700K market looks likely to finish out within what would seem to be a normal range of 2 to 5 sales per year.  Looking back, clearly, 2015 was an absolutely crazy year for these high end home sales.