While we are still a few days short of a full year, it is already quite clear that there was a significant surge in the number of building lots sold in Harrisonburg and Rockingham County in 2021.
There have been 144 sales of building lots of less than an acre in Harrisonburg and Rockingham County in 2021.
To put that in context...
- 2020 = 108 lot sales
- 2019 = 87 lot sales
- 2018 = 82 lot sales
Clearly, these 144 lot sales is a big jump from the number of lots that typically sell in a year in this area.
Breaking it down a bit, here are the top locations where lots sold in 2021...
- Massanutten = 39
- Crossroads Farm = 31
- Mill View Estates (Bridgewater) = 14
- The Ponds (McGaheysville) = 13
- Highland Park = 6
- All Other Subdivisions = 3 or fewer
- Not In A Subdivision = 14
It seems plenty of would be home buyers may have elected to buy a lot and build a home given the shortage of available homes to purchase at any given time... and/or there may be some builders purchasing lots to build spec homes.