Local Housing Market Sees Strong Start in January 2016
Learn more about this month's Featured Property: 3853 Traveler Road I just published my monthly report on the Harrisonburg and Rockingham County real estate market. Jump…
Harrisonburg Commercial Real Estate Market in 2015
Walmart, Gabe's and Hobby Lobby were some of the major participants in the commercial real estate market in 2015, but as noted in today's DNR article.... [...] it's a…
Keep buyers focused on what matters... the house!
(don't worry -- this is not really one of my client's homes) Preparing your home to go on the market can be challenging (and tiring), and often sellers-to-be need a…
I am expecting a lot of showings in February
There were a LOT of showings in the fourth quarter of 2015 -- with 60% and 58% year-over-year increases in October and December. But then January came, and along with…
How to buy a foreclosure in Harrisonburg
With some regularity, I am asked by potential purchasers how they would go about buying a foreclosure. First, here is a list of upcoming foreclosure sales, but more…
January Inventory vs. Full Year Home Sales
A few short years ago there were enough homes on the market in January to last us nearly an entire year. In January 2011, there were 787 homes on the market and only 832…
Buying under $200K in Harrisonburg may require you to buy an old or attached home
A bit more about affordable housing in the City of Harrisonburg, as we started to explore yesterday.... There are 149 residential properties for sale in Harrisonburg…
More New Homes Selling, at Higher Prices
As shown above, more new homes (54) sold in 2015 than in any year during the past five years. In fact, the 54 new home sales shown in the MLS in 2015 marked a 42%…
My Predictions for the Harrisonburg Area Real Estate Market in 2016
Last year (2015) was a solid year for the Harrisonburg and Rockingham County residential real estate market, with a 3% increase in the pace of home sales. This level of…
Home sales between $300K - $400K are running counter to the rest of the market
Theories are welcome! As shown above, the under $200K market has been flat over the past year ,the $200K-$300K and $400K+ markets have increased by at least 30% over the…
The Single Family Home Market in 2015
The single family home market in Harrisonburg and Rockingham County told two two different stories last year (2015), depending on whether we were evaluating the price or…
The Townhouse Market in 2015
The graph above examines townhouse, duplex and condo sales in Harrisonburg and Rockingham County. As you can see, there has been quite an uptick of activity over the past…