High End Home Sales Snap Back (Big Time) in 2015
After quite a few years of somewhat slower home sales over $500K, the pace of these higher end home sales jumped up in 2015 to 29 home sales -- the highest pace seen…
If you bought in X then your house is likely now worth Y
The chart above is calculated based on comparing the 2015 median sales price to the median sales price in each of the prior 15 years. Several key points to take away from…
Preparing for actually making an offer on a house
How, you might ask, do we go about getting from the point of wanting to make an offer --- to actually making the offer? Here's a brief overview.... Obtain a pre-approval…
When do buyers start buying in earnest? (Now!)
The buyers are coming, the buyers are coming! As you can see, above, buying activity starts creeping up as soon as February, more so in March, and APRIL is the third…
Local Housing Market Shows Continued Strength in February 2016
Learn more about this month's Featured Property: 120 Cantermill Lane I just published my monthly report on the Harrisonburg and Rockingham County real estate market. Jump…
How are buyers searching for homes these days?
Buyers across the country have spoken -- the graph above shows the information sources that are used "frequently" during the home search process. As such, we need to…
Revitalization of Downtown Harrisonburg shows that Government, Market Can Unite For Good
An excellent Open Forum yesterday in the Daily News Record.....worth reading, maybe twice.... Gov't, Market Can Unite For Good Posted: March 8, 2016 By Andy Perrine No…
Buyers likely to have many more choices in coming months
If this year is like last year (and just about every year, ever) buyers will have many more choices in coming months. As shown above, inventory levels are likely to…
Learn, Laugh, Lament Lender Ludicrousness
Do you have plans this evening? If you missed seeing "The Big Short" at Regal Cinemas, maybe you should make a point to catch it at Court Square Theater over the next few…
Economic Development Announcements
A recently completed housing study prepared for the Harrisonburg Housing and Redevelopment Authority had a helpful and informative snapshot of recent economic development…
The 50 Most Valuable Properties in Harrisonburg
The list above shows the 50 properties in Harrisonburg with the highest assessed values per the 2016 assessments. As you can see, JMU, apartment complexes and City…
Approaching a balance between buyers and sellers
Most housing market analysts consider six months of inventory (active listings) to be an indicator of a balanced market (between buyers and sellers). The “BUYERS” trend…