Preston Lake Sales Update
Scott P. Rogers
It has been a while since I posted a sales update on Preston Lake -- the area's largest (intended) mixed use community that was started just before the real estate boom, was foreclosed on, was purchased by a new developer, and now seems to be gaining some momentum.
The pace of single family home sales jumped up quite a bit in 2015....
Sales of rowhouses - the original, large, upscale, ornate townhouses built by The Hine Group slowed (stopped) in 2015....
The new developer at Preston Lake launched several new townhouses concepts, which started selling in 2014....
Finally, a new "villa" product was launched in 2015 -- at the lowest price point (and size of home) yet....
Of note -- these sales (above) are all of the sales shown in the MLS. It is likely that there have been a few other sales direct from the builder/developer to buyer that are not reflected in the MLS.
If you have questions about Preston Lake, check out their website, or email me (scott@HarrisonburgHousingToday.com). My dad lives at Preston Lake and I am over there quite a bit.
