Eastern Rockingham County Lot Sales - The Ups and Downs
Scott P. Rogers
Over the past several years, prices of lots in eastern Rockingham County, particularly in the Peak View school district have increased dramatically. However, in 2007, the average sales price dropped below the 2006 average sales price. 2003: $47,546 (81 sales)
2004: $55,354 (112 sales)
2005: $89,112 (98 sales)
2006: $118,075 (51 sales)
2007: $110,875 (35 sales)
As you can above, during this same time, demand for lots decreased rather significantly. This was compounded by the fact that the inventory of available lots increased during the same time --- there are currently 109 lots available in the Peak View school district, as follows:
| Subdivision | Lots for Sale | Average List Price |
| Barrington | 3 | $112,433 |
| Battlefield Estates | 3 | $89,500 |
| Bridlewood | 2 | $106,200 |
| Crossroads Farms | 22 | $130,482 |
| Givenchy Commons | 10 | $129,900 |
| Great Oaks | 1 | $99,900 |
| Highland Park | 2 | $118,700 |
| Lakewood | 1 | $109,900 |
| Magnolia Ridge | 65 | $117,888 |
