Just an observation here, but there are currently a very limited number of options for buying a building lot, hiring a home builder and building a custom home.
Furthermore, I don't know if that will change much over the next few years.
There are (27) building lots
on the market (per the HRAR MLS) in or near Harrisonburg -- with a "Harrisonburg" or "Rockingham" address.
Of those 27 building lots... 7 are in Crossroads Farm, 9 are in The Springs at Osceola,and the other 11 are scattered around here and there.
In the time I have been in real estate (20 years or so) there have been quite a few single family home neighborhoods where future homeowners (or builders) could purchase a building lot to build a home.
These included:
- Barrington
- Belmont Estates
- Crossroads Farm
- Highland Park
- Kentshire Estates
- Lakewood Estates
- Meadowbrook
- Monte Vista Estates
- The Crossing
Now, there aren't any (or many) undeveloped building lots in these neighborhoods... and I don't know what the next neighborhoods will be to go on this list.
Most current new developments or proposed developments seem to be one of three varieties...
[1] Apartments
[2] Townhouses
[3] Detached Homes all to be built by a regional or national builder
So, when will we (will we?) see other neighborhoods planned and developed where building lots can be purchased where a builder can be hired to build you a home?