Where Have All The Townhouses Gone? Buyers Have Bought Them Every One!

OK, admittedly, there are still SOME townhouses remaining to be purchased in Harrisonburg and Rockingham County -- but the inventory levels are declining relatively quickly.

In fact, there are now just 68 townhouses (and duplexes and condos) for sale in all of Harrisonburg and Rockingham County -- which is a 59% decline from two years ago.  Wow!

Some part of this is that buyer demand is increasing -- and the situation also isn't helped by the very small number of new townhouses that are being built these days.

Over the past 10-15 years we saw many new townhouse developments that (at the time) fell into that price range, including:

• Avalon Woods
• Beacon Hill
• Harmony Heights
• Liberty Square
• Parkcrest
• Taylor Spring
• The Gables
• The Townes at Bluestone
• The Townes at Wellington Park
• Twin Gables

Now, however, there are significantly fewer options available when it comes to newly built townhouses in or near Harrisonburg, under $200K....

• The Townes at Bluestone (barely under $200K)
• Cedar Point (none currently listed)

It is not clear if or when the townhouse market will start to see any significant increases in inventory levels.